Charging a lower price per unit for purchases of more units is called

If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that does only one or the other,

grigory [225]

Complete Question:

If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that repairs only one or the other, this would be an example of __________.

Group of answer choices

A. economies of scope

B. economies of scale

C. monitoring

D. increasing transactions costs

Answer:

A. economies of scope

Explanation:

If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that does only one or the other, this would be an example of economies of scope.

Economies of scope can be defined as an economic factor which makes proportionate savings possible as well as reducing the cost of production when products are manufactured together instead of manufacturing them individually or separately.

4 0

3 years ago

7. Which situation indicates a mixed economy?

STatiana [176]

Answer:

C Services are provided by both private and public sectors.

Explanation:

In a mixed economy, the private sector has the freedom to participate in economic activities, although the government has a role to play. A mixed economy allows the private sector to own the factors of production hence are free to decide what business they wish to run. Consumers have the liberty to select their suppliers. There is competition in the market place as profits motivate entrepreneurs.

The government is involved in the provision of public goods such as roads, hospitals, and schools. It provides regulatory services to the private sector to ensure fairness in the economy.

5 0

2 years ago

Which of the following is NOT one of the main motivations and characteristics of an entrepreneur?

mojhsa [17]

Process of elimination:

Flexibility is a characteristic because entrepreneurs are designing their own path (path being vague for whatever their entrepreneurship is focused on), allowing for flexibility

Risk is a characteristic because being on your own and doing your own thing is much more unstable than simply working for a well-founded company

Innovation is a characteristic, because the flexibility that comes from being an entrepreneur allows for freedom of ones own ideas, making innovation more likely.

Profit is not a particular characteristic, due to the risk factor.

Profit is the right answer :D

6 0

3 years ago

The following information pertains to Crane Video Company:1. Cash balance per bank, July 31, $7,263.2. July bank service charge

My name is Ann [436]

Answer:

A. Prepare a bank reconciliation at July 31.

Crane Video Company

Bank Reconciliation

July 31

Cash balance per bank statement $7,263

Add: Deposits in transit 1300

8,563

Less: Outstanding checks 591

Adjusted cash balance per bank $7,972

Cash balance per books $7,284

Add: Collection of N/R ($700 plus

accrued interest $36 less collection

fee $20) 716

8,000

Less: Bank service charge 28

Adjusted cash balance per books $7,972

B. Journalize the adjusting entries at July 31 on the books of Crane Video Company.

The adjusting entry would be,

Date Account Title Debit Credit

Jul 31 Cash 716

Miscellaneous Expense 20

Notes Receivable 700

Interest Revenue 36

(to record Collection of N/R ($700 plus accrued interest $36 less collection fee $20)

31 Miscellaneous Expense 28

Cash 28

(to record bank service charge)

5 0

3 years ago

Difference between mature and fertilizer

Daniel [21]

Fertilizer and manure can be added to the soil in order to increase the yield of crops. Fertilizer, however, has more nutrients in it and is therefore more beneficial to growing plants. Manure can be prepared in fields (created by animal and plant wastes) while fertilizer is created in factories (using chemical compounds). Manure provides humus to the soil while fertilizer does not, but fertilizer is absorbed by plants more quickly than manure.

8 0

3 years ago