Answer:
B. $0.56
Explanation:
In this question, we use the high low method for calculation of variable cost per yard
The computation of the variable cost per yard is shown below:
= (High overhead costs - low overhead costs) ÷ (High yards processed - low yards processed)
= ($31,000 - $26,000) ÷ (35,000- 26,000)
= $5,000 ÷ 9,000
= $0.56 per unit
Value proposition addresses what a firm provides that other firms do not and cannot.
A company is a commercial enterprise, usually set up as a partnership, that provides professional services such as legal and accounting services. Corporate theory assumes that companies exist to maximize profits.
To describe a person as steadfast means that he acts in a way that does not change his mind, or that he is in control. She had to be firm with him. "I don't want to see you anymore."
A firm can be a company. B. A consumer goods store that offers physical products. It can also represent a service provider such as a hairdresser. The term firm may refer to any for-profit business, but it is more commonly used to describe businesses in specific industries such as law or accounting.
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Consumers always try to equate marginal utility of a good to its price which is a marginal cost of consumption.
<h3>What is marginal utility and why consumers make a choice by looking at both mu and price?</h3>
- So economically a utility is a kind of benefit that a consumer gets by buying a product of choice.
- Now marginal utility is the benefit one gets by buying an additional unit of consumption except the first product bought.
- Here the question is asked about the consumer taking notice of both marginal utility and price while buying goods.
- Hence consumers watch for the marginal utility and price of the good both to equate the marginal utility to its price which is a marginal cost of consumption.
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Entrepreneurs and other producers accept risks because they hope to earn PROFIT.
Every businesses are set up for the purpose of earning profits. Every venture has its accompanying risks of failure but if everything goes right, then the pay-off will be worth it.
High risks business also have high potential of generating high profit.
A positive impact of technology is, learning things on the internet, for exapmle:This app. A negative impact on technology is staying on a device all day and not getting fresh air, or getting fit, even having eye damage from being too close to a screen.
