Answer:
<h2>Based on the information given in the question,Alejandro's company is producing 20 widgets total.Hence,the answer is option c. or 20.</h2>
Explanation:
- In Microeconomics,the average total cost of production is calculated by dividing the total cost of production by the number or quantity of output produced by any firm or company.In other words,Total cost of production divided by the average cost of production is the total number or quantity of output produced by any firm or company.
- Here,the average total cost of production is given as $250 and the total cost of production is $5000.
- Therefore,based on the formula to estimate average total cost of production,total number of widgets produced by Alejandro's firm=.Thus,the total number of widgets produced by Alejandro's company is 20.
Answer: $500
Explanation:
Accounting profit = Revenue - Cost
Revenue = 100 ×$10 = $1,000
Cost: 100 × $5 = $500
Accounting profit = $1000 - $500 = $500
The stage in the product life cycle of the Instant Pot would be "growth stage".
<h3>Stages in product life cycle:</h3>
There are four stages in the life cycle of a product in the market which are-
- Take-off stage or introduction,
- Growth stage or shake-out stage,
- Maturity stage and
- Decline.
The characteristics of Growth stage are-
- Increasing sales, customers and profit.
- Greater competition from fellow companies. As rival companies release similar products, the competition is frequently strong during the growth period.
- The product will move into the growth stage if it maintains its success and continues to satisfy market demands.
- Price undercutting in the growth stage is typically uncommon because businesses in this stage can boost revenue by luring in new clients.
The said product can be confirmed to be in the growth stage because it exhibits higher growth in demand by social media marketing. Also, it shows there was a rise in the rival companies Ninja and Crock-pot pressure cookers.
Learn more about product life cycle, here
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The major hazard that is created by low-head dams would be having recirculating current at the base of the dam which are very strong. These dams are known as drowning machines as they could cause a person to drown. The current would pull the person under and then push up repeatedly exhausting the person which eventually would lead to death.
Answer:
Appreciated; Depreciated
Explanation:
Given that,
In year 1,
Exchange rate between U.K and U.S is as follows:
$1.44 = 1 pound
In year 2,
Exchange rate between U.K and U.S is as follows:
$1.48 = 1 pound
Above exchange rates in the year 1 and 2 indicates that there is an appreciation in the currency of U.K relative to the U.S dollar and there is a depreciation in the currency of U.S relative to the U.K pound.
For example: A resident of U.S wants to purchase a pair of shoes from U.K worth of 10 pounds.
In year 1,
He have to pay in U.S dollars:
= 10 × $1.44
= $14.4
In year 2,
He have to pay in U.S dollars:
= 10 × $1.48
= $14.8
We can see that the amount paid by him from year 1 to year 2 increases, though the price of shoes remains the same. Hence, there is an appreciation in the currency of U.K and depreciation in the currency of U.S.