The term “Global Economy” is a term that refers to all of the economies of the world.
Sometimes this phrase is also used to discuss the international economy, or all economies around the world, and refers to how interdependent different countries economies are on each other.
<u>These reasons include</u>:-
- Increased job satisfaction and morale among employees.
- Increased employee motivation.
- Increased efficiencies in processes, resulting in financial gain.
- Increased capacity to adopt new technologies and methods.
- Increased innovation in strategies and products.
- Reduced employee turnover.
Answer:
d. horizontally summing individual supply curves.
Explanation:
Each firm will have its own supply curve depicting the relationship between the price and the quantity of goods it is willing to produce at that given price. The market supply curve is obtained by aggregating the different firm supply curves i.e. the total quantity suppliers are willing to produce when the product is sold for a given price.
Based on the above, option d is the correct answer.
Answer:
Epsilon should make the product instead of buying it
Explanation:
Direct material = $8.4
Direct labor = $24.4
Overhead = $42
Relevant cost = $8.4 + $24.4 + ($42x70%)
Relevant cost = $8.4 + $24.4 +$29.4
Relevant cost = $62.2
Cost to make = $62.2
Cost to buy = $66.2
Difference = $4
Epsilon should make this product instead of buying it from another supplier
because the cost to make the product is much lower than buying it.