Answer:
Explanation:
1. Wood used in the production of furniture is a variable cost
2. Fuel used in delivery trucks is variable cost
3. Straight Line depreciation on factory building is a Fixed cost
4. Screws used in production is a Variable cost
5. Sales staff Salaries is a Fixed cost
6.Sales commissions Variable
7.Property taxes Fixed
8. Insurance on buildings Fixed
9. Hourly wages of Furniture is Variable
10. Salaries of factory supervisrors is Fixed cost
11. Utillities is Mixed cost
12. Telephone bill is a Mixed cost
Answer:
its long-run average total costs will fall
Explanation:
Economies of Scale is a term used in business operation or production manufacturing to describe the cost benefits a company or firm acquired when it expands its quantity or number of output. This often leads to a decrease in average variable cost.
Hence, the right answer is this situation is If a firm is experiencing economies of scale in its production process, "its long-run average total costs will fall"
True. Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.
As long as the arena is outside, people can sit in their cars or on a chair outside and hear the show without paying for admission to get inside. Because they are unable to prevent everyone from hearing it, it is non-exludable. Likewise, if the concert was held inside, it would be excludable because those who aren't paying can not see/hear the show.
Answer:
A) The GDP deflator is better than the CPI at reflecting the goods and services bought by consumers.
Explanation:
The GDP deflator measures the change in prices of all finished goods and services produced within an economy in a given year.
The CPI, on the other hand, measures the change in the price of a selected basket of goods and services, that corresponds with those that are most often bought by citizens, but is limited anyways in scope.
Therefore, we can safely conclude that the GDP deflator is a more comprehensive measure, even if it's used less frequently than the CPI.
Answer:
human-centered
Explanation:
human-centered Worldviews is when human is been seen as crucial specie that exist on Earth. It should be noted that any human-centered worldview will eventually fail because it wrongly assumes we now have or can gain enough knowledge to become effective managers or stewards of the earth.
