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3 years ago

The most efficient combination of resources in producing a given output is the combination that:

Business

1 answer:

blondinia [14]3 years ago

8 0

Answer:

Option (b) is correct.

Explanation:

(a) If a producer uses the almost same quantities of all the factors of production and if marginal output remains the same then this will lead to no gains.

(b) This is done by purchasing the combination of inputs which are yielding higher marginal outputs.

(c) This would result in a loss because all the resources are not utilized properly or we can say that resources are not used at their potential.

(d) For achieving the level of profits, labor should be devoted to the work for maintaining the higher level of growth in production.

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The least expensive type of life insurance is _____. whole-life insurance term insurance endowment life insurance limited-paymen

lutik1710 [3]

I believe the answer is: Term insurance

Term insurance is significantly cheaper compared to other type of insurance because it only cover risk plan without considering potential return in the future.
The amount of term insurance usually paid at a fixed rate on a limited period of time.

3 0

3 years ago

Read 2 more answers

Winston Company’s high and low level of activity last year was 60,000 units produced in April and 20,000 units produced in Decem

horsena [70]

Answer:

Total cost= $36,000

Explanation:

Giving the following information:

Winston Company’s high and low level of activity last year was 60,000 units produced in April and 20,000 units produced in December. Machine maintenance costs were $52,000 in April and $20,000 in December.

To calculate the total cost, first, we need to calculate the unitary variable cost. With the unitary variable cost, we can calculate the fixed costs. Then, the total cost at 40,000 units.

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (52,000 - 20,000) / (60,000 - 20,000)= $0.8 per unit

Now, we calculate the fixed costs:

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 52,000 - (0.8*60,000)= $4,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 20,000 - (0.8*20,000)= $4,000

Total cost= 4,000 + 0.8*units

Total cost= 4,000 + 0.8*40,000= $36,000

5 0

3 years ago

E-commerce offers entrepreneurs an opportunity to _____

viktelen [127]

E-commerce offers entrepreneurs an opportunity to utilize the interactive nature of the Internet to help their businesses grow.

<h3>What Exactly Is Electronic Business (E-Business)?</h3>

Ecommerce is the name given to companies and individuals who conduct business online. E-commerce can operate in a range of market sectors and be performed on computers, tablets, cellphones, and other smart devices. Nearly any product or service imaginable is now available through e-commerce transactions, including books, music, airline tickets, and financial services like stock trading and online banking. It is considered a very disruptive technology result.

What are the advantages and disadvantages of doing business online?

The benefits of e-commerce for customers include:

Convenience
Increased selection
Perhaps lower startup costs
International sales
Easier to target customers again.

But e-commerce websites also have some disadvantages. The negatives include:

Limited client service
Lack of immediate gratification
Unable to touch products
Reliance on technology
Greater competition.

Learn more about E-commerce with the help of the given link:

brainly.com/question/14157556

#SPJ4

7 0

2 years ago

Why does a business owner lower the price of products that are not selling quickly?

zhenek [66]

So people will want to buy it. The owner will still gain money but not as much if the products had sold to begin with

4 0

3 years ago

Ten years ago, Oanh bought a house for $200,000 in Chico. She put in a cash down payment of $40,000 and took out a loan for $160

krok68 [10]

Answer:

The amount of equity Oanh have in her house is $300,000.

Explanation:

Equity can be described as the difference between the amount that is owed on a mortgage and the current worth of the home.

For this question, the amount of equity Oanh have in her house can be calculated as follows:

Loan amount = $160,000

Part of the loan paid = $60,000

Current worth of the house = $400,000

Amount owed = Loan amount - Part of the loan paid = $160,000 - $60,000 = $100,000

Equity = Current worth of the house - Amount owed = $400,000 - $100,000 = $300,000

Therefore, the amount of equity Oanh have in her house is $300,000.

5 0

3 years ago