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2 years ago

If a technological advance reduces the amount of variable resources needed to produce any level of output, then the

Business

1 answer:

julsineya [31]2 years ago

7 0

Answer: Marginal Cost curve will shift downward

Explanation:

In a situation whereby technological advance brings about a reduction in the amount of variable resources that are needed for the production of any level of output, then there will be a downward shift of the marginal cost curve.

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Aces, Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. At

SVETLANKA909090 [29]

Answer:

$165,500

Explanation:

Given that,

Sales (4,900 × $90) = $ 441,000

Cost of goods sold (4,900 × $38) = 186,200

Gross margin = $ 254,800

Selling and administrative expenses = $75,000

Net income = $ 179,800

Production costs per tennis racket total = $38

Variable production cost = $25

Fixed production cost = $13

Units produced = 6,000

Contribution margin:

= Sales - Variable production costs

= $441,000 - (4,900 × 25)

= $441,000 - $122,500

= $318,500

Fixed costs = Fixed production costs + Selling and administrative expenses

= ($13 × 6,000) + $75,000

= $78,000 + $75,000

= $153,000

Net income under variable costing:

= Contribution margin - Fixed costs

= $318,500 - $153,000

= $165,500

8 0

2 years ago

The government of Wrexington, a country which has adopted American GDP accounting conventions, reported that GDP in quarter 3 wa

yanalaym [24]

Answer:

C. $12 billion.

Explanation:

GDP refers to the Gross domestic product. It means that the market value of all final goods and services produced within the country.

Since in the question the GDP reported in quarter 3 was $12 billion and the same is to be considered as a GDP because it reflected the market value of all final goods and services

Therefore, the correct option is c.

3 0

2 years ago

An expectant mother has arranged for her massage therapist to provide gentle hand, arm, and neck massage for the client while sh

8090 [49]

Answer:

c) Increasing use of alternative treatment modalities

Explanation:

According to my research on studies conducted by various medical professionals, I can say that based on the information provided within the question this is an example of Increasing use of alternative treatment modalities. Many expecting mothers today are making certain arrangements like the one described as it puts them in a more relaxed state and relieves stress which in turn is good for the baby.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0

3 years ago

What is the result of strong, effective, market-supporting formal institutions?

PSYCHO15rus [73]

<span>The result of a strong, effective, market supporting formal institution is a developed economy. A developed economy can be found in a developed and industrialized country. It will be a sovereign state that is highly developed in technology and infrastructure.</span>

6 0

3 years ago

An economy is experiencing a high rate of inflation. The government wants to reduce consumption by $36 billion to reduce inflati

Alisiya [41]

Answer:

option c) $ 12 billion

Explanation:

Data provided :

Required reduction in consumption = $ 36 billion

MPC = 0.75

Now,

Total income = Required reduction in consumption / MPC

the Increase in tax = $ 36 billion / 0.75

= $ 48 billion

the government can raise the tax = $ 48 billion - $ 36 billion = $ 12 billion

Hence, the answer is option C

5 0

2 years ago