Answer:
A production possibilities frontier identifies the dollar cost of producing a good or service in an economy.
True
Explanation:
Cost of producing could be envisaged through budgeting where the variable cost, fixed cost and total cost is expected to be calculated either through rough estimate.
Answer:
c. 60 on the sales floor, 24 on the register.
Explanation:
Given that
The total number of employees to manage is 84
and w assume that the no of employees on the sales floor after having division be x
also the given condition is that there should be minimum of 2 employees for every 5 employees that worked on the sales floor
So that means
x ÷84 = 5 ÷ (5 + 2)
after solving this x = 60
So the no of employees on register is
= 84 - 60
= 24
Answer: The remuneration for natural resources is rent, as natural resources consist of all gifts of nature
Explanation:
Factors of production consists of the resources that are used to production to take place. They include land, labor, capital and the enterprise.
The remuneration for natural resources is rent, as natural resources consist of all gifts of nature.
The remuneration for labor is wages and salaries. The remuneration for capital is interest while the remuneration for entrepreneur is profit.
Answer:
The correct answer is letter "C": Likely to fluctuate when sales change.
Explanation:
Interest Expense is the cost of borrowing money. Usually, interest is paid on a credit card for some form of debt through a bank loan, mortgage, credit line or outstanding balance. The amount charged is equal to the interest rate times the outstanding balance. Interest payments are reported on an income statement as non-operating expenses.
<em>Sales changes do not influence the interest expense.</em>
