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DiKsa [7]
3 years ago
5

9. An expenditures incurred on factors of production

Business
1 answer:
zimovet [89]3 years ago
7 0

Answer:

A) cost

Explanation:

In economics, the cost of production is defined as the expenditures incurred to obtain the factors of production.

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If an economy experiences increasing opportunity costs with respect to two goods, then the production possibilities curve betwee
umka2103 [35]

Production possibilities curve between the two goods will be a straight, downward-sloping line if the opportunity cost rise.

<h3>What is production possibilities curve?</h3>

The production possibilities curve serves as graph that display the relationship between the resources and the output that can be produced.

Therefore, when the opportunity cost that exists between two goods, there will be. downward slope as regards the production possibilities curve.

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2 years ago
Assuming all other things are the same, if there was a decrease in the break-even point, selling price per unit must have?
nydimaria [60]

If there is a decrease in the break-even point, the selling price per unit must increase. 

<h3>What is Break-Even Point? </h3>

When the total cost and total revenue are equal, it is the break-even point. It means that there is no loss or gain for the small business. The company is at the point where the cost of the product is equal to the revenue for the product. The Break-even price analysis helps in smarter prices, setting revenue targets, taking smarter decisions, limiting financial strain, catching the missing expenses, and most important funding your business. It can be calculated in two ways; by determining the number of units that are to be sold or by the number of sales. 

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4 0
1 year ago
On August 1, Gilgen Brothers bought goods with a list price of $19,200, terms 2/10, n/30. The firm records purchases at invoice
N76 [4]

Answer:

Accounts payable Dr,    $16,800

Purchase discount Dr,    $336

             To Cash                    $16,464

Explanation:

The Journal entry is shown below:-

Accounts payable Dr,    $16,800

Purchase discount Dr,    $336

             To Cash                    $16,464

(Being Cash is recorded)

Working Note :-

List price of goods after return = $19,200 - 2400

= $16,800

Discount on balance = 16800 × 0.02

= $336

For recording the cash we simply debited accounts payable, purchase discount and credited the cash

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4 years ago
Marteena is interested in determining the reasons why people have decided to attend the annual diversity conference at her unive
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The type of analysis that she should conduct is exploratory. This is involved of experimenting or exploring in a way of finding out the answer to the problem or the study that the researcher is trying to figure out in which Marteena is involved of.

3 0
3 years ago
Explain how unions gained the right to collective bargaining
Sever21 [200]

trade unions are those who get together in barganing for there rights

if there are more trade unions the barganing power is high, as he/she can't refuse when a whole lot of people are striking.

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3 years ago
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