Answer:
Total cost per month t is equal to sum of fixed and variable costs
Variable costs per month are R3000
Fixed costs per month are R400 (its not per unit, its per month!)
So total costs are 3000+400=R3400
Answer:
the combinations of output that an economy can produce given its productivity and supply of inputs.
Explanation:
The production possibilities frontier (PPF) basically shows the different combination of output of two goods that an economy can produce using its available factors of production (land, labor, capital and technology).
The PPF helps to illustrate the concepts of opportunity costs and comparative advantages in trade.
- Opportunity costs are the extra costs or benefits lost from choosing one activity or investment over another alternative.
- Comparative advantage theory ⇒ economies will trade those products that they are able to produce with lower opportunity costs than their trade partners.
Answer:
A. 40
Explanation:
Calculation for what was the labor productivity, in chairs per worker per day
Using this formula
Labor productivity per day =Company Per day output/ Number of labor
Let plug in the formula
Labor productivity per day= 1600/8 days×5 workers
Labor productivity per day=1,600/40
Labor productivity per day= 40
Therefore the Labor productivity per day will be 40
The correct answer is B.
There are a number of ways to format a resume. A functional resume focuses on the tasks or skills that the applicant can perform.
Businesses have a moral obligation that must be politically enforced.
Explanation:
Businesses working from profits often use indiscriminate measures to garner profits for themselves while using their capital as economically as they can.
This includes the exploitation of workers. To counter this, we have trade unions.
Similar is the situation for conservation<u>. Environmental issues indirectly affect the whole population of the country and every company has a part in it. Hence environmentally secure sanctions need to be put in place even if it eats into the company's profits.</u>
