9. An expenditures incurred on factors of production

Which of the following is NOT a supertrend affecting the future of business? Multiple Choice Offshore suppliers are changing the

Yakvenalex [24]

Answer:

A multiple choice offshore suppliers are changing the way work

6 0

3 years ago

The law of diminishing marginal utility states that the: Multiple choice question. marginal utility associated with the consumpt

Drupady [299]

The law of diminishing marginal utility states that as more units of a good are consumed, the marginal utility from the consumption of the next unit becomes lesser. John's total utility from the consumption of two ice creams is 10, and his total utility from the consumption of three ice creams is 9.7.

<h3>What does the law of diminishing marginal utility State?</h3>

According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal.
The incremental improvement in utility brought on by consuming one more unit is known as marginal utility.

<h3>Which law does the law of diminishing marginal utility affect?</h3>

According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person.
Consuming increasing quantities of a good gives economic actors less and less pleasure.

<h3>What is law of diminishing marginal returns?</h3>

According to the law of declining marginal returns, increasing the number of production factors leads to lesser increases in output.
The addition of any more of a production element after a certain level of capacity utilization would unavoidably result in lower per-unit incremental returns.

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7 0

2 years ago

Garcia Co. sells snowboards. Each snowboard requires direct materials of $100, direct labor of $30, and variable overhead of $45

jeka57 [31]

Answer:

Selling Price per unit = $287.5 per unit

Explanation:

Provided quantum of sales = 10,000 units

Cost statement for 10,000 units

Direct material = $100 $\times$ 10,000 = $1,000,000

Direct Labor = $30 $\times$ 10,000 = $300,000

Variable Overhead = $45 $\times$ 10,000 = $450,000

Fixed Overhead Costs = $635,000

Fixed Selling and administrative Cost = $115,000

Total = $2,500,000

Add: Profit mark up 15% = $375,000

Total Selling Value = $2,875,000

Selling Price per unit = $2,875,000/10,000 = $287.5 per unit

6 0

3 years ago

Kenya performs research and creates reports for her boss, the company's Chief Executive, Kenya's job title is best

CaHeK987 [17]

Answer:

Kenya performs research and creates reports for her boss, the company's Chief Executive, Kenya's job title is best

described as an Executive Administrative Assistant

Liz responds to people who contact a company. She deals with people who visit the office in person and people who

call or email the company. Her job title is best described as a Receptionist

Neil handles important paperwork that his office needs to keep track of. He sorts paperwork and keeps it handy so he

can retrieve information whenever it is needed. His job title is best described as a File Clerk.

Salvador organizes information and appointments for a department manager. He also reviews and sorts e-mail for his

boss. His job title is best described as an Administrative Assistant.

Explanation:

The administrative assistants, receptionists, and file clerks perform important functions. In their various capacities and roles, they help their bosses to function more efficiently and effectively by relieving them of routine tasks. As they perform these duties, their bosses are enabled to concentrate their efforts and time in managing their assigned responsibilities. However, these job titles are not universally uniform, as it depends on the organization.

4 0

3 years ago

Videoconferencing, instant messaging, electric meetings, and even conference calls are considered __________ technology.

Alisiya [41]

Videoconferencing, instant messaging, electric meetings, and even conference calls are considered. synchronous technology.

You may easily respond to modification requests, quickly develop new concept designs, and simultaneously update numerous elements of an assembly thanks to synchronous technology. Design reuse, working with imported data, making changes—all of these tasks are made quicker and simpler by synchronous technology.

With the help of Solid Edge's synchronous technology, you can quickly develop new concept designs, accept modification requests with ease, and update many elements of an assembly at once. This design flexibility enables you to do away with onerous preplanning and prevent feature failures, rebuild problems, and time-consuming rework. The ability to treat multi-CAD data as native files thanks to synchronous technology enables seamless communication with partners and suppliers.

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4 0

11 months ago