Answer:
The correct answer is option c.
Explanation:
In the production process, inputs such as raw materials, labor, machine, tolls, etc, are used to produce outputs. Among these factors, some are variable or can be changed in the short run while others are fixed or cannot be changed.
The cost incurred on the variable factors is called variable cost. It changes with the change in output level.
Among all the costs given above, the monthly wage payments to labor is a variable cost. It can be changed in the short run by changing the quantity of labor employed.
The rest of the costs such as property tax payments, insurance and, rent payments are fixed an do not change with the output level.
Answer:
jury of executive opinion.
Explanation:
The forecasting technique that pools the opinions of a group of experts or managers is known as jury of executive opinion.
For example, when XYZ manufacturing company decides to conduct a series of strategic meetings for its forecasting by involving its key employees such as directors, analysts, managers etc to discuss (gathering opinions, ideas, perspectives and views) before reaching a forecasting consensus. This is simply a jury of executive opinion.
Answer:
The correct answer is <em>International Trade</em>.
Explanation:
Specialization in economics is not limited to individuals and firms, the soul of microeconomics. It also has applications in macroeconomics, which studies the economic actions of nations, regions and entire economies. In a macroeconomic context, specialization means that nations concentrate on the production of goods in which they have the greatest advantage while making trade contracts with other countries to obtain other goods.
David Ricardo, another classic economist of the 18th century and the beginning of the 19th century, discussed the specialization based on comparative advantages that help determine if it is of greater benefit to manufacture a product in the country or import it. It assumes, for example, that the United States produces clothes and computers cheaper than India. While the United States apparently would have an absolute advantage, it would not have a comparative advantage, which measures the ability to produce in terms of opportunity cost. Because production resources are limited, opportunity costs to produce computers mean that less clothing is manufactured. Compared to what has been sacrificed, the country should specialize in producing goods over which it has a comparative advantage while importing the other product
When you buy a car or a house and you need money you can get a loan.
Answer:
present value = $9320.06
Explanation:
given data
cash flow 1 year C1 = $500
cash flow 2 year C2 = $1000
pay 3 year C3 = $800
interest rates r = 10 percent per year = 0.10
solution
we get here present value that is
present value = ....................1
put here value and we will get
present value =
present value = $9320.06