Answer:
The above statement is TRUE
Explanation:
Isocost Line shows input/factor combinations (here - labor & capital) which are of same Total Cost / budget to the producer , given factors price .
It is analogous to Consumer's Budget Line Constraint (representing product combinations satisfying their income budget) .
It is an important component of Producer's Equilibrium : Producer is at equilibrium where Isocost is tangent to Isoquant (representing input/ factor combinations yielding same level of production quantity - analogous to consumer's indifference curve showing production combinations offering same consumer satisfaction) .
Tangency of Iscost line to Isoquant curve gives Producer Equilibrium .
Answer:
A) $704,000.
Explanation:
For computing the cash payments we need to calculate the following amounts which are as follows
Total purchases = cost of goods sold + ending inventory - opening inventory
= $720,000 + $188,000 - $200,000
= $708,000
Now cash payment to merchandise is
= Beginning account payable balance + purchased made - ending account payable balance
= $80,000 + $708,000 - $84,000
= $704,000
Hence, the correct option is A. $704,000
Answer:
if you give me a five star then i will give you what you need deal?
Explanation:
Answer: you are preparing a map that shows consumer perceptions of the company's brands versus the competitions products
Explanation:
Positioning is the perception of a product in the consumer's minds in relation to its competing product. The positioning map is therefore a graphical device that is used to study and analyse the perceptions or positions of each of a group of competing products with respect of two particular product characteristic.
If someone is asked to prepare a positioning map, the individual needs to prepare a map that shows the consumer perceptions of the company's brands in relation to the competitions products.
Answer:
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