Answer:
C. Land
Explanation:
Input is any commodity used in the manufacturing of other products. Factors of production are the inputs or resources used in the production of other goods and services. They include land, capital, labor, and entrepreneurship.
From the list provided, the only the factor of production is land. In economics, land refers to the fertile fields used in agricultural production. It also refers to space where commercial buildings, factories, and businesses are set up. Land also includes natural occurring resources and minerals such as oil, natural gas, and precious stones.
Answer:
taxing those with higher incomes results in less work effort.
Explanation:
In normative ethics, utilitarian ethics (utilitarianism) can be defined as a theory of morality or ethical theory that typically involves engaging in actions that facilitate pleasure, joy or happiness while completely opposing any action capable of causing harm and unhappiness.
Basically, utilitarian ethics considers an action to be right or morally correct if it produces genuine happiness or joy in the mind of a large number of people in an organization, group or society.
The three (3) main principles (axioms) of utilitarian ethics (utilitarianism) include the following;
I. The only thing with an intrinsic value is pleasure or happiness.
II. If an action promotes happiness or pleasure, then it is right; it is wrong if it causes harm or unhappiness (sadness).
III. The happiness of everyone in a group or society should count equally.
One of the problems associated with the utilitarianism is that it does not recognize that taxing those with higher incomes results in less work effort.
The Contribution Margin per unit (CM) can be calculated
from the difference of Selling Price per unit (SP) and Total Expenses per unit
(TE).
First, let’s calculate the value of SP:
SP = Sales / Units sold
SP = $1,043,400 / 22,200 units sold
SP = $47
Second, calculate all expenses:
Direct materials per unit = $234,948 / 27,970 units
manufactured = $8.4
Direct labor per unit = $131,459 / 27,970 units
manufactured = $4.7
Variable manufacturing overhead per unit = $240,542 / 27,970
units manufactured = $8.6
Variable selling expenses per unit = $113,220 / 22,200
units sold = $5.1
TE = $26.8
Therefore the CM is:
CM = SP – TE
CM = $47 - $26.8
CM = $20.2 per unit
Answer:
the differential cost is $11.65 per pound
Explanation:
The computation of the differential cost of producing product D is shown below:
Here the differential cost of generating product B should be considered as the additional cost needed to produced i.e. $11.65 per pound
Therefore the differential cost is $11.65 per pound
So, the same should be relevant
