Answer:
The opportunity cost of each pipe and sunk cost of each pipe is $ 8 and $6 respectively.
Explanation:
Opportunity cost: The opportunity cost is that cost which gives the best alternatives options.
Sunk cost: The sunk cost is that cost which is incurred in the past and hence, not recovered in the future.
So, in the given question, the opportunity cost is $8 per pipe as it reflects new current price whereas, the sunk cost is $6 per pipe ($8 per pipe - $2 per pipe) that cannot be recovered in the future
Answer:
$21,770
Explanation:
The computation of cost of goods sold is shown below:-
= (1,950 × $22) + (2,200 × $21) + (1,050 × $23)
= $42,900 + $46,200 + $24,150
= $113,250
Total number of units for sale = 1,950 + 2,200 + 1,050
= $5,200
Weighted average cost per unit = Cost of units available for sale ÷ Number of units available for sale
= $113,250 ÷ $5,200
= $21.77
Cost of goods sold = Sold units × Weighted average cost per unit
= 1,000 × $21.77
= $21,770
Answer:
There is an increase in the supply of cable TV service.
Explanation:
The reason is that the companies will now try to capture the market and make at least breakeven sales by giving excessive sales discouts offers. This move in the market due to increase in the number of the suppliers and bargaining power of customers will decrease the cost of the product and this decrease in prices would increase the demand of the product which will increase the supply of the cables.
Answer:
b. Manufacturer or producer
Explanation:
A manufacturer is a person or a registered company that produces finished products from raw materials in an attempt to make a profit. The goods are subsequently distributed to wholesalers and retailers who then sell to customers. Retailers display products through physical stores or on 3rd party e-commerce platforms. In the manufacturing industry, products are manufactured on a large scale to meet the irresistible demand of consumers.
It is common practice to indicate the place of manufacture. This information is usually shown on the packaging material. Under normal circumstances, the manufacturer must meet a certain threshold and comply with established standards.
Mainly, manufacturers must meet the product certification requirements. This process involves performance tests and quality assurance tests of the goods that are produced. Certification bodies emphasize compliance with all applicable international standards. It is a strategy to improve consumer protection.
