Answer:
Retailer
Explanation:
When a producer directly sells the goods to customers, who directly consume the goods rather than further sale, then the producer or seller is termed as retailer.
Goods on retail simply means sales for direct consumption.
Here, Phoenix Farms produces fresh food products which are directly consumables and are sold directly rather than involving intermediaries thus, he is a <u>retailer</u>.
Answer:
C. $2
Explanation:
The marginal cost is the cost for producing an additional unit of the product. According to this and as the statement says that with the additional worker the output rises to 3,750, teh first thing is to find the number of additional units that were produced:
3,750-3500= 250
With the new worker, the firm produces an additional 250 units that cost $500 because this is the salary of the new worker and to calculate the cost of one additional unit you have to do the following:
250 units ⇒ $500
1 unit ⇒ x
x=( 1*500)/250= 2
The firm's short-run marginal cost is $2.
The statement, "service quality is unaffected by the interpersonal communications and experiences involved in a service" is false.
Interpersonal communication is the verbal or nonverbal exchange of information, ideas, and feelings between two or more people. Information is frequently exchanged face-to-face using voice, body language, facial expressions, and gestures. An informational exchange between two or more people is referred to as interpersonal communication. It is also a field of study that aims to comprehend how people use verbal and nonverbal cues to achieve various relational and personal objectives. By assisting you in clearly expressing your ideas and intentions, interpersonal communication skills can help your personal and professional relationships. Your listening abilities will also help you better understand and empathize with others.
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Answer:
$5.70
Explanation:
The calculation of conversion costs for the month is given below:-
Units started to completed during the period = Units completed during the month - Units started during the month
= $104,000 - $16,400
= $87,600
So, to complete the started work in progress :-
The Conversion = $16,400 × (100% - 20%)
= $13,120
Units started to completed during the period $87,600
And, the ending work in progress
For Conversion = $13,400 × 30%
= $4,020
Therefore, the Equivalent production of units is
= $87,600 + $13,120 + $4,020
= $104,740
So, The cost of per per equivalent unit is
= Cost added during the period ÷ Equivalent units of production
= $597,123 ÷ $104,740
= $5.70