Answer:
The minimum payment is 15
Explanation
so you have to pay another %15 of the bill each month
C. longer response times, sometimes six to eight weeks
Based on the scenario above, this process is being termed as
dumping. Dumping is a term used in the international trade’s context where in
the export of a company or a country in regards with their product is being
priced lower when they are in the foreign importing market than of the domestic
market.
Answer:
D. produces output and earns an economic profit.
Explanation:
The firm will produce as making the product will pay the cost of the units produced with the current market price of the final good.
As the price is above the average total cost the firm will also earn an economic profit (that is after the accounting profit of explicit cost we subtract the opportunity cost with are implicit in any business and even there, the company manages to get a profit.
Answer:
If Concord Corporation purchase from outside it total cost will increase by $4500.
Explanation:
Cost of producing the units using current production:
Direct Material Cost $21000
Direct Labour Cost $5500
Variable Overhead Cost $19000
Total Cost of Production $45500
So, Purchase cost minus production cost
Gives $50000 - $45500 increase in cost purchase over production by $4500
Note:
Fixed cost is irrelevant for Concord Corporation either purchase or produce it will remain same.