1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SpyIntel [72]
3 years ago
8

The term economies of scale refers to the fact that as the:

Business
1 answer:
frutty [35]3 years ago
7 0

Answer:

quantity of product produced in a given period increases, the cost of manufacturing each unit decreases

Explanation:

Economies of scale happens when the average total cost (variable + fixed production costs per unit) decreases as total output increases. This generally takes place because fixed costs are the same for a small number of units produced or a large number of units produced, so the average fixed cost per unit tend to decrease as more units are produced (at least up to certain point). Variable production costs per unit can also decrease as total output increases since materials might be purchased in larger quantities resulting in higher discounts or labor productivity increases.

You might be interested in
Using the table below, select "X" in the column that corresponds to the type of activity level referred to in each scenario.
asambeis [7]

Answer: Please refer to Explanation

Explanation:



The question seeks to find out the activity level of the above mentioned activities.

There are various activities in an organization and as such they need to be categorized. The various categories include Unit, Batch, Product, Customer, and Organizational.

Unit Activities refer to activities done on a unit level. A singular product level. They include things like putting a logo on a bottle or deriving a single person at a restaurant.

Batch Activities refer to activities done when Units are grouped together and form a batch. Activities done to that batch fall under here.

Product Level Activities refer to those done on a product wide scale. That means that when the entire product is affected, it falls under here. Examples include Product Advertising or Recall.

Customer Level Activities refer to those that an organization engages in for those entities that patronize them. Such activities are very important because the customer is the most important aspect of the business.

Then there are the Organizational level Activities. As the name implies, these are activities at an Organization wide level.

Classifying the above therefore,

A. Setting up a machine for a production run of 500 units. BATCH LEVEL ACTIVITY.

This deals with a group of units, 500 to be precise and so is a batch level activity.  

B. Conducting a seminar for local doctors on the benefits of a new drug. PRODUCT LEVEL.

This seminar will speak on the product being the drug as a whole therefore it is product level.

C. Embossing a company logo on every product made. UNIT LEVEL.

This involves an individual unit at a time and so is at Unit Level.

D. Seating a party of 11 at a restaurant. BATCH LEVEL.

The 11 people to be served are individual units that have now been grouped together into one batch so is a Batch Level Activity.

E. Providing technical support for two years following a sale. CUSTOMER LEVEL ACTIVITY.

This is about providing help to the company's customers so it falls under Customer Level Activities.

F. Managing a corporation's accounting department. ORGANIZATIONAL LEVEL ACTIVITY.

This involves the Corporation's entire accounting department and so is Organizational level.

G. Attaching a price tag to each product. UNIT LEVEL.  

Attaching prices will be done to each individual unit and so it a Unit level activity.

H. Issuing an invoice. CUSTOMER LEVEL ACTIVITY.

Issuing an invoice is done when a sale is complete. Sales are done to customers so this is a customer Level Activity.

I. Developing a corporate advertising campaign. ORGANIZATIONAL LEVEL ACTIVITY.

This is has to do with advertising the company as a whole and so is an Organizational level Activity.

J. Recalling a defective product. PRODUCT LEVEL ACTIVITY.

By recalling an entire product, this Activity falls under the Product Level because it deals with the product as a whole. For example, Toyota recalling all cars of a certain model for safety reasons.

7 0
3 years ago
​Cooper's Company manufactures custom engines for use in the lawn and garden equipment industry. The company allocates manufactu
hodyreva [135]

Answer:

Total manufacturing cost= $23,730

Explanation:

Giving the following information:

The company allocates manufacturing overhead based on machine hours.

Job 798:

Direct materials used $ 4,900

Direct labor hours worked 330

Machine hours used 425

Direct labor rate per hour $ 21

Predetermined overhead rate based on machine hours $ 28

Total manufacturing cost= direct material + direct labor + MOH

Total manufacturing cost= 4900 + 330*21 + 425*28= $23,730

3 0
3 years ago
The old saying "getting the biggest bang for your buck" means that: A. the real-income effect is equal to the substitution effec
german

Answer:

C. consumers maximize their utility.

Explanation:

Maximizing the utility is only possible if the consumer can get maximum satisfaction out of every penny spent on the product. Consumer allocates their money so that they get a return on every allocated money. The condition for maximizing the utility is that a consumer equalizes the marginal utility per dollar spent. Therefore, there is an old saying "getting the biggest bang for your buck".

4 0
3 years ago
Riya was a highly successful manager at Optics International. After ten years with the company, she decided to leave and become
Damm [24]

Answer:

2) Opt-out trend

Explanation:

The opt-out trend refers to the tendency of women leaving their job or corporate career for various reasons, specially reasons linked to maternity or raising their children.

Women are lucky because they can have children, but their reproductive ability fades out around 40 years old. It is not uncommon that women leave their jobs during a certain period of time while they are in their middle 30s to try to have children. Many return to the workforce once their children have grown a little or start preschool.

3 0
3 years ago
In the policy-making process, science is _________. a. only one of the factors that influence policy makers b. the main driving
Natalka [10]

Answer:

A) only one of the factors that influence policy makers

Explanation:

Politics is extremely complicated, since everyone knows what should be done, but no one does it. Politicians live in an alternate universe where only what they say or make up is valid, and reality doesn't really matter very much. And I'm talking about the US where a few government agencies do rely on scientific research (e.g. NASA) and the government also provides grants mostly to universities but sometimes to private companies also in order for them to investigate certain issues.

But even with tons of scientific research done, politicians do as they want, e.g. the current government rejects global warming even though government scientists believe the contrary.

When politicians are deciding on different policies, scientific truth is not something that they usually rely on. Luckily for us, it still exists and at least we know about them. In the rest of the world things work out the same, but scientific research is either non-existent or not available to the public.

4 0
4 years ago
Other questions:
  • If the Equal Employment Opportunity Commission (EEOC) concludes that a workplace discrimination claim does not violate Title VII
    6·1 answer
  • How much would $1, growing at 3.5% per year, be worth after 75 years? a. $12.54b. $13.20c. $13.86d. $14.55e. $15.28
    11·2 answers
  • Use the following information for problems 1 to 5. Assume that the projects are mutually exclusive. Year Cash Flow (A) Cash Flow
    7·1 answer
  • Which statement describes a benefit of international trade?
    15·2 answers
  • Delayed product delivery is less of an issue when compared to delivering a faulty product, which can potentially cause harm. Thi
    13·1 answer
  • Oriole Company plans to sell 9000 purple lawn chairs during May, 3700 in June, and 9000 during July. The company keeps 15% of th
    5·1 answer
  • A translation adjustment (or translation gain) that is a consequence of translation of a functional currency that is different f
    7·1 answer
  • You are considering investing in a European bank account that pays a nominal annual rate of 18%, compounded monthly. If you inve
    13·1 answer
  • 4.42 Frontier Airlines hedged the cost of the jet fuel by purchasing options that allowed the airline to buy fuel at a fixed pri
    8·1 answer
  • taylor company had beginning inventory of $400 and ending inventory of $600. taylor company had cost of goods sold amounting to
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!