Trade barriers could be an answer to this question. Also, an embargo could be an acceptable answer. Let me know if you need more help, and give me a thanks if I helped!
Answer:
Explanation:
• Variable costs are costs that varies with activity level. It means that these costs changes as more and more goods and services are produced by a company. Total variable cost changes with change in output produced by a firm in the long run.
Examples of variable costs are costs of raw materials used in producing goods, direct labor costs, sales commission etc.
• Fixed costs are costs that does not vary with activity level. This means that these costs remains the same as more and more goods are produced by a company. The total fixed cost does not change with changes in output produced by a company in the short run.
Examples are rent payments, salaries, depreciation.
•Mixed costs are costs that have components of both fixed and. variable costs. The fixed part of mixed cost remains unchanged as activity level increases or decrease while the variable part changes with activity level. The fixed part of a total cost function of a mixed cost remains the same as activity level increases in the short run, while the variable part changes with output level in the long run.
Examples are utilities, insurance, operating license
•Step costs. These are costs that remains the same at an activity level but increases or decreases when the threshold of an activity is achieved.
Example is a factory production supervisor salary
The price of the good impact the quantity demanded and changes when the demand curve moves.
The following information should be considered:
- The demand curve shows two things i.e. price of the good and the quantity demanded.
- The price should be shown on the vertical axis and the quantity demanded shown on the horizontal axis.
Therefore all other options are incorrect.
Hence, we can conclude that the price of the good impact the quantity demanded and changes when the demand curve moves.
Learn more about the demand curve here: brainly.com/question/21220153
Answer:
Unitary prime cost= $170.24
Explanation:
Giving the following information:
Last month, direct materials (electronic components, etc.) costing $550,000 were put into production.
Direct labor= $880,000.
Manufacturing overhead equaled $495,000
The company manufactured 8,400 television sets during the month.
Unitary prime cost= (direct material + direct labor)/number of units
Unitary prime cost= (550000 + 880000)/8400= $170.24
