Answer:
The correct answer is letter "A": affordable food creates an external benefit rather than an external cost in the case.
Explanation:
Externalities are costs third parties have to be responsible for even if they were not involved in causing the externality. There are positive externalities and negative externalities. <em>Positive externalities</em> are those that third parties benefit from. <em>Negative externalities</em> affect third parties.
Thus, importing less-expensive but chemically-dangerous food will create a positive externality to consumers purchasing those types of foods since less money is getting out of their pockets without them having to influence discounts.
Answer: avoid risk response
Explanation: Risk avoidance is indeed a risk management technique through which the management team works to resolve the danger or secure the project against its effects.
It usually calls for adjustments to the project management policy, such as adjustments in applicability or layout or even in the action plan. By improved communication or obtaining abilities, risk recognized at such a preliminary stage can be prevented.
Introduced in important uncertainties that have a significant effect on the plan's feasibility. Project managers typically use this as a high-risk first response technique.
Answer: Budgeted Raw Material to be consumed in July.
Quantity Price per pound Total
10,200 $6 $61,200
Explanation:
As for the information provided, the material at month end in hand shall be:
20% of upcoming month's sale.
If in June at month end, the inventory in hand = 2,040 pounds of raw material.
Then, this represents 20% of total requirement of July.
Therefore, total requirement in July = 
This basically means:
Total inventory required =
Quantity Price per pound Total
10,200 $6 $61,200
Answer:
C. there is more supply than demand
Explanation:
surplus means extra so there's more in supply than demand
Answer:
B) average total cost must be rising
Explanation:
Marginal cost is the rate at which total variable cost increases when one more unit is produces.
So when marginal cost is larger than average cost, it means that total average costs must be increasing.
For example, we have the following production costs:
- total costs = $100
- units produced = 20 units
- total average costs = $5 per unit
If the marginal cost of producing 1 more unit is $6, then the total costs will be $106 and the total average cost will be $5.05 per unit (= $106 / 21 units).
