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Oksi-84 [34.3K]
3 years ago
9

Firm ABC sells 1000 units of widgets for $10 per unit per-week. Per-week it pays its employees $1500, rent $2000, materials $100

0, and the owner gives himself a salary of $3000 per week. The owner left his job as an engineer making $5000 per-week to start his business. In addition, he would be making an interest of $200 per week on his savings which he withdrew to start the business.
a. The firm's accounting profit per week is equal to $6500
b. The firm's explicit cost is smaller than its implicit cost per week
c. The firm's economic profit per week is equal to $300
d. The firm's economic loss per week is equal to $700
Business
1 answer:
andrew-mc [135]3 years ago
7 0

Answer:

C

Explanation:

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47

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Savvy consumers often purchase automobiles from dealerships at the end of the quarter or at year-end since dealers who meet thei
leonid [27]

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cumulative quantity discounts

Explanation:

Many customer’s purchase items and commodities at the end of the seasons because at year-end, the sellers, manufacturers and dealers offer various discounts to clear the inventory. Likewise, customers of savvy often buy commodities at the end of a quarter or a season to earn cumulative quantity discounts; it is a discount that is given to consumers who buy a specific amount of quality.

8 0
3 years ago
Too much of a good or service is produced when there is a
Alexxandr [17]

Answer:

D

Explanation:

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

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A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A public good is a good that is non excludable and non rivalrous. An example of a public good is a statue in a public park Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue

4 0
3 years ago
At a local business school, there is a toasted submarine sandwich process that uses a conveyor-fed oven. ( See picture below) Al
dem82 [27]

Answer:

b. 20 sandwiches

c. 25 sandwiches

Explanation:

1. I added this diagram of the flow chart as an attachment

2.

Hourly capacity of sandwich making process:

Time it makes to 1 sandwich: 2 + 12 + 1 = 15

The time alice spends when making one sandwich = 2 + 1 = 3

oven uses 12 minutes to process one sandwich, so in 12 minutes, alice can can make 12/3 sandwiches = 4

The Oven can take 5 subs at a time,

So in one hour, the making process

= 60/3 = 20 sandwiches

3.

To calculate Hourly capacity with additional employee:

Alice takes 2 minutes

Additional employees takes 1 minute

Oven uses 12 minutes to make one sandwich

It's only after every 2 minutes Alice can put one sandwich. The oven can take only 5 sandwiches.

So in an hour:

Since oven can take 5

Sandwiches at a time, therefore one sandwich takes,

12 / 5 = 2.4 minutes.

In 1 hour number we have number of processed sandwich as

60 / 2.4 = 25

At hourly capacity with additional employees we have 25 sandwiches

5 0
3 years ago
Which of the following does not affect the reject rates at a company's production facilities
atroni [7]

Answer:

which of the following does not affect the reject rates at a company's production facilities

Spending for best practices training

Explanation:

Spending for best practices training does not affect the reject rates at a company's production facility because the amount does not equate to whether the staff members in production unit would assimilate best and put it into use during production

8 0
3 years ago
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