Answer:
a. $8.00
Explanation:
The approach we will use to calculate cost per equivalent unit for conversion using weighted average method consists of the following stages:
1st stage: Add beginning (i.e start of August) conversion cost with conversion costs incurred during August to get total conversion cost
2nd stage: Then divide total conversion cost upon equivalent units of production (units of production for conversion =5300).
Now, lets compute.
Total conversion cost = $15900+$26500
TCC=$42400
Cost per equivalent unit for conversion= $42400÷5300
CPEUC= $8
Answer:
The correct answer is option d.
Explanation:
The 100th unit of output that the firm produces has a marginal revenue of $11 and a marginal cost of $10.
The profit to a firm is maximized when the marginal revenue earned and marginal cost incurred are equal.
When the firm is producing the 100th unit of output the marginal revenue is $1 higher than the marginal cost. This implies that the production of the 100th unit increases the firm's profit by $1.
Field-level briefings
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The answer in this question is the foot-in-the-door phenomenon which is the first one in the choices. The results of this experiment that the researchers conducted support the foot-in-the-door phenomenon. The foot-in-the-door phenomenon is one that is supported by the result of this experiment.