How do you actually do this? On there template and save it or make my own template.? So confused.

Greater resource prices _______ the costs of production, thereby, ______ the incentive for firms to produce the good at each pri

RoseWind [281]

Greater resource prices increases the costs of production, thereby, reducing the incentive for firms to produce the good at each price.
The total cost incurred by a business to produce a product or provide services is referred to as the cost of production. Supplies and raw materials consumed during production, as well as labour costs, are often included in production costs.

Costs of Production

All of the direct and indirect expenses firms incur when producing a good or rendering a service are referred to as production costs. Various expenditures, including labour, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs. When a company produces a good or offers a service, it incurs production expenses, which are sometimes referred to as product costs. Numerous expenses are included in these costs. For instance, manufacturing expenses for manufacturers include the cost of the labour and raw materials required to make the product. Production expenses in the service sector are related to the labour needed to implement the service and any material costs associated with providing the service.

To learn more about Costs of Production

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3 0

2 years ago

A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 7 percent decrease in the

enyata [817]

Answer:

Option A

Explanation:

Complete Question

A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 12

percent decreases in the enrollment. If the university wants to increase its total revenue, it should ________

tuition because the demand for education at this university is ________.

A) not raise; elastic B) raise; inelastic C) not raise; inelastic D) raise; elastic

Solution -

The demand for college in the market is elastic which means that variation in variables such as college fees deeply impact the demand. If college fees is increased, the intakes or enrollment will fall down which means that the demand is not stable or on the basis of quality. Therefore, the demand for the college will not rise on fees hike and it shall be an elastic demand.

6 0

3 years ago

Chapter 7 1) Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for

yuradex [85]

Answer:

A) $171,000 favorable

Explanation:

Static Budget variance is calculated by simply taking difference of budgeted values and actual values.

Static budget Variance report of Lincoln Corporation

Budgeted Actual Variance Status

Units sold 39,000 48,000 9000 Favorable

Revenue (@$19) $741,000 $912,000 $171,000 Favorable

Variable costs $152,000 $167,000 $15,000 Unfavorable

Fixed costs $50,000 $41,000 $9,000 Favorable

As Sales is increased by 9000 units and $171,000, the increase in sale is a favourable varince. So, correct option is A) $171,000 favorable.

5 0

4 years ago

Gamma Corp. is expected to pay the following dividends over the next four years: $7.50, $8.25, $15, and $1.80. Afterward, the co

Delvig [45]

Answer:

The Current price of stock $35.20

Explanation:

The computation of the current share price is shown below:

Particulars Dividend PVF at 14% Present value

D1 $ 7.50 0.877 $6.58

D2 $8.25 0.769 $6.35

D3 $15.00 0.675 $10.12

D4 $1.80 0.592 $1.07

D5 $1.87

P4 $18.72 0.592 $11.08

1.87 ÷ (14% - 4%)

Current price of stock $35.20

6 0

3 years ago

A market: a. reflects upsloping demand and downsloping supply curves. b. always requires face-to-face contact between buyer and

shepuryov [24]

Answer:

c. is an institution that brings together buyers and sellers.

Explanation:

A market: is an institution that brings together buyers and sellers.

In mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information. The exchange of goods or services, with or without money, is a transaction.

Furthermore it can be said to be any place where sellers of particular goods or services can meet with buyers of those goods and services by creating the potential for a transaction to take place.

6 0

3 years ago