Answer:
The correct answer is letter "C": the sum of private and external costs.
Explanation:
<em>Neoclassical economics</em> -based on supply and demand as market drivers- define the social costs of transactions as the sum of private costs inherent in the operation and the costs consumers set because of being exposed to the transaction or the external costs. This cost differs from the <em>private costs</em> which are the expenditures a producer incurs in the production of a good or service.
Answer:
TRUE
Explanation:
We currently live in a globalized world. Globalization is an economic and political phenomenon that has transformed the relations of production and labor. The companies started to produce in countries where the labor is cheaper, becoming consequently more competitive. Thus, US multinational companies outsource the manufacture of components of their products in different territories. For example, an Iphone has components made in China, Vietnam and others. This makes the final price of the iphone lower around the world.
Answer:
Manufacturing overhead= $59,000
Explanation:
<u>Manufacturing overhead refers to indirect factory-related costs that are incurred when a product is manufactured.</u> We need to identify the indirect costs incurred in production. It includes the <u>depreciation</u> of factory equipment.
Manufacturing overhead= Utilities, factory + Indirect labor + Depreciation of production equipment
Manufacturing overhead= 9,000 + 25,000 + 25,000
Manufacturing overhead= $59,000
Answer:
A) send an acknowledgment that the order has been received.
Explanation:
Under UCC rules, contracts for the sale of products or services worth $500 or more have to be in writing and signed. Instead of a signed contract, a company can accept a written offer (e.g. by email), but it should send a written acknowledgment that the order has been received and accepted (or rejected). This way, both parties have a duty to perform.
A key difference between affirmative action and diversity is that <span>diversity has a broader focus, while affirmative action does not.
Affirmative action is an action that is favoring someone that faces discrimination regarding employment or education. Affirmation action helps with positive discrimination. Diversity is the range of different people and credentials each person has. Being diverse in an organization is what helps keep the company running smoothly with different options and outlooks on how to properly go about things.
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