Answer:
equation will be 2x+5
Explanation:
We have given the cost of shipping box = $5
Flat packing fee = $5
As given, the cost of shipping a box is based on its weight in pounds so it is variable
And a flat rate of $5 for packing. This means $5 is common for each parcel that will be sent. Only the weight will vary.
So the equation will be 2x+5
<span>The contestable market model of oligopoly bases pricing and output decisions on the threat of new entrants into the market. The oligopoly market form is where the market or industry is run by a small amount of sellers that can influence the price and other market factors.</span>
Answer:
This is a part of my Economic Resources doc and I'm not sure about the second part of the question but I hope it helps!
Explanation:
Ｅｃｏｎｏｍｉｃ Ｒｅｓｏｕｒｃｅｓ
For a firm (producer) to make any product, it needs to use ECONOMIC RESOURCES. These are INPUTS to be used together or combined efficiently to produce goods/services.
Ｗｈａｔ ｙｏｕ ｎｅｅｄ ｔｏ ｋｎｏｗ：
What is a PRODUCER?
a person, franchise, brand or country etc. that makes, grows, or produces goods and services for sale to customers or consumers.
What is a RESOURCE?
a stock or supply of goods, materials, and products that can be bought by a person or organization in order to function effectively.
What is an ECONOMIC resource?
Natural supplies that can be used to make a product. It is important for the success of the company.
Ｃｌａｓｓｉｆｉｃａｔｉｏｎ ｏｆ Ｅｃｏｎｏｍｉｃ Ｒｅｓｏｕｒｃｅｓ：
Natural resources (LAND)
Natural resources are ones who are not man made and are there naturally. This could be land, light, water, electricity, etc.
Human resources (LABOUR)
Capital resources (CAPITAL)
Entrepreneurship (ENTERPRISE)
Answer:
Predetermined manufacturing overhead rate= $9.8 per machine hour
Explanation:
Giving the following information:
Machine-hours= 50,000
Manufacturing overhead= $490,000
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 490,000/50,000= $9.8 per machine hour
