Answer:
c. higher; lower
A. Abe; bass
Explanation:
The opportunity cost of catching a pound of bass is higuer for Abe than for David, and the opportunity cost of picking a pound of cherries is lower for Abe than for David.
So Abe has a comparative advantage in producing bass.
In 35% years, with compounding interest, this account would be worth $1,088,460.76
This is using the future value (FV) calculation.
Answer:
a. All of the answers are correct
Explanation:
For a company it is equally vital to meet the number of orders and to maintain the quality of their products.
For this, there are certain measures to ensure quality:
- No production is possible in a practical scenario with zero defects, thus a standard defined percentage of defects shall be maintained, and defects shall not increase from such defined percentage.
- Number of on-time deliveries shall be taken care of, as for maintaining quality the company can not increase time to produce such products, and shall meet the deliveries.
- Often after a sale, there is a customer feedback form, which helps the company know about the customer satisfaction and detailed report of their products. This enhances the quality review of the product.
- Sometimes there is a rework performed on the units produced as is defective, and the defects can be removed from rework, thus amount spent on rework, shall ensure the quality of products delivered to customers.
Therefore, correct option is:
a. All of the answers are correct.
Answer:
Increase by $37,100.
It will accept any time the price is above $43 with the condition it will not incur in additional fixed cost.
$63. is the sales price that generates 106,000 dollar of operating income
Explanation:
As the units will not inccur in any additional fixed cost we should check for the contribution margin this units will provide:
50 dollars - 43 dollar of variable cost = 7 dollars
5,300 saws x $7 = 37,100
The sales reveues will increase by that amount.
(5,300 x $43 dollars each in cost + 106,000 contribution )/5,300 = sales price
sales price = 63
Answer : C: with increases in technology, the aggregate production function shifts up, indicating more output is produced from the same amount of inputs.
Reason: With increase in technology, the same process which requires manpower can be automated and this automation increases the production efficiency which shifts up the production function from the same number of inputs