Answer:
8,200 units
Explanation:
A production budget is estimate of the quantity of a product that a business is expected to manufacture to meets the budgeted level of sales volume and the desired level of inventory at the end of a particular accounting period.
To determine the production budget, budgeted sales volume is adjusted for opening and closing inventories using the formula below:
Budgeted sales + Closing inventory - Opening Inventory
= 8,000 + 1,400 - 1,200
= 8,200 units
Production budget = 8,200 units
Answer: Option (b) is correct.
Explanation:
Economics of scale occurs when a firm's long run average total costs decreases as there are more number of units produced.
Basically, economics of scale is a cost advantage that is experienced by the firms or companies by increasing the level of production.
This is happened because of the indirect relationship between the per unit fixed cost and output level. The larger the output produced results in lower per unit fixed cost.
There are two types of economies of scale that are internal and external economies of scale.
The correct answer that would best complete the given statement above is option A. Product variety is likely to be greater in monopolistic competition than in pure competition. When we say monopolistic competition, this is a type of competition when <span>producers sell goods that are differentiated from one another. Hope this answer helps.</span>
Answer:
A) What is the GDP price index for 1984, using 2005 as the base year?
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the GDP price index using 2005 as base year = [($15 / $20) x 100] = 75
B) By what percentage did the price level, as measured by this index, rise between 1984 and 2005? ...percent.
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the price level increased by: [(100 - 75) / 75] x 100 = 33.33%
C) What were the amounts of real GDP in 1984 and 2005?
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In 1984, real GDP = $20 x 7,000 buckets = $140,000 or we can also use another method = ($15 x 7,000) / 0.75 = $105,000 / 0.75 = $140,000. The answer using both methods should be the same.
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In 2005, real GDP = $20 x 22,000 buckets = $440,000
Answer:
D. $62.17
Explanation:
To get to this conclusion you just have to add 18.62 with 43.55 to get 62.17.
