Answer:
A) the output
Explanation:
The production function describes a boundary or frontier representing the limit of output obtainable from each feasible combination of inputs.
Firms use the production function to determine how much output they should produce given the price of a good, and what combination of inputs they should use to produce given the price of capital and labor.
The production function also gives information about increasing or decreasing returns to scale and the marginal products of labor and capital.
Answer: b.segregation of duties
Explanation:
Segregation of duties as an internal control ensures that there are multiple people doing activities that if left to one person can leave the company at the risk of fraudulent activity. It also helps to reduce the incidence of errors in reporting because more than one person will be cross-checking transactions.
There should be more segregation of duties in this small-town retail store. For instance, the sales clerk should not be responsible for both the counting and comparison to the cash register tape because they could have omitted sales from the machine and then simply taken the money from the cash when counting. A different person should count the cash to see if it tallies with the cash register tape.
<span>A product used in this way is known as a Benchmark Item.
Benchmark item refers to the type of product that is used as a standard when we want to compare it another similar product.
By seeing the price of Burger in this particular situation, Jason could predict the price of other product that being sold in that place.</span>
Answer:
maximum profit = $7500
so correct option is c $7500
Explanation:
given data
mean = 500
standard deviation = 300
cost = $10
price = $25
Inventory salvaged = $5
to find out
What is its maximum profit
solution
we get here maximum profit that is express as
maximum profit = mean × ( price - cost ) ..................................1
put here value in equation 1 we get maximum profit
maximum profit = mean × ( price - cost )
maximum profit = 500 × ( $25 - $10 )
maximum profit = 500 × $15
maximum profit = $7500
so correct option is c $7500