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Art [367]
3 years ago
5

The new growth theory states that A. technological advances are the responsibility of the government. B. the subsistence level i

ncome leads to technological advances. C. technological advances are the result of discoveries and choices. D. it is impossible to replicate production activities. E. technological advances are the result of random chance.
Business
1 answer:
EleoNora [17]3 years ago
7 0

Answer:

C. technological advances are the result of discoveries and choices.

Explanation:

The new growth theory was developed by a man named med Paul Romer. This new growth theory stresses the role which is determined by human choices.

The new growth theory states that technological advances are the result of discoveries and choices, rather than random choices. It explains the fact that new innovations and technological advancement are not the result of random chance, but they occur as a result of humans and their desire for new innovations.

Therefore option C is correct

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Arktec manufacturing must choose between the following two capacity options:
Svetlanka [38]

Answer:

See below

Explanation:

A. The cost for each for each option;

•If demand level is 25,000 units per year

Option 1 = $500,000 + ($2 × 25,000 unit

= $500,000 + $50,000

= $550,000

Option 2 = $100,000 + ($10 × 25,000 units)

= $100,000 + $250,000

= $350,000

• If the demand level is 75,000 units per year

Option 1 = $500,000 + ($2 × 75,000 units)

= $500,000 + $150,000

= $650,000

Option 2 = $100,000 + ($10 × 75,000 units)

= $100,000 + $750,000

= $850,000

B. As the volume level increases, option 1 will be better since the variable cost is lower. As the volume decreases, option 2 will be better as the fixed cost is lower.

C. The indifference point

= Differential fixed cost/Differential variable cost per unit

= [$500,000 - $100,000]/[$10 -$2]

= $400,000/$8

= 50,000 units

5 0
3 years ago
Which of the following factors, all else being equal, will increase the net present value of cash? 1) increase in reclamation 2)
PSYCHO15rus [73]

Answer:

increase in capital expenditure

7 0
3 years ago
Read 2 more answers
The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. Th
Mumz [18]

Answer:

The company should order 100 units to minimize total inventory cost.

Explanation:

Given,

Annual Demand, D = 2,000 units

Order cost, S = $20

Purchase cost = $40

Holding cost, H = Purchase cost x percentage of holding cost

Holding cost = $40 × 20%

Holding cost = $8

We know, the company should order the highest number of products with a minimum cost, and for that, the company uses economic order quantity. Hence,

Economic Order Quantity (EOQ) = \sqrt\frac{2*D*S}{H} }

EOQ = \sqrt \frac{2*2,000*20}{8}

EOQ = \sqrt{10,000}

EOQ = 100

8 0
3 years ago
The total fixed overhead variance is:a. the difference between actual and budgeted fixed overhead costs. b. the difference betwe
kondaur [170]

Answer:

a. the difference between actual and budgeted fixed overhead costs.

Explanation:

As we know that

The variance is shows the difference between the actual amount and the budgeted amount or estimate amount

So, the total fixed overhead variance is the difference between the actual fixed overhead costs and the budgeted fixed overhead costs i.e to be fixed in nature

Hence, the first option is correct

3 0
3 years ago
When silo gimp graduated from college with a degree in flower growing.He was voted...
Scilla [17]

Answer:

When silo gimp graduated from college with a degree in flower growing. He was voted AS THE FLORIST OF THE YEAR

Explanation:

Anyone that studies flower growing or horticulture is a florist or could be voted as one which made Silo to win such an award.

8 0
3 years ago
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