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Alexxx [7]
3 years ago
10

Chang Industries has 1,300 defective units of product that already cost $48 each to produce. A salvage company will purchase the

defective units as is for $22 each. Chang's production manager reports that the defects can be corrected for $40 per unit, enabling them to be sold at their regular market price of $38. The $48 per unit is a:
Business
1 answer:
dolphi86 [110]3 years ago
7 0

Answer: Sunk Cost

Explanation:

A sunk cost is an expense which a company or entity has already incurred and which cannot be recovered and so should not be considered when making decisions regarding incremental benefits or costs to an investment.

The $48 had already been incurred to produce the defective units and cannot be recovered so it is a sunk cost that should not be considered moving forward.

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Which of the following statements is (are) TRUE?
tatiyna

Answer:

I. If labor and capital are perfect substitutes in production, the isoquant is a straight, downward-sloping line.  

II. If a company needs to use inputs in fixed proportion such that the capital to labor ratio is always 2, the firm's isoquants are L-shaped.

Explanation:

Perfectly substittuable goods have straight downward sloping ICs, and have corner solutions .

Complementary goods (used in fixed proportions) are L shaped always , In case of min(x,y) function, the answer is the value of x or y which ever is minimum and not their sum.

Therefore, Only statements I and II are true.

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3 years ago
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At the annual stockholders meeting, investors heard a presentation on the numerous challenges facing the company, including amon
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Answer:

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Simplified Meaning is: Several issues were heard by investors at the annual SHM.

Two problems were among those: a threat from the MDPI of a competitor and a decline in the sales of the strong microprocessor chip of the company.

Verbing modifier should amend the preceding clause and make much sense in relation to the preceding clause.

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3 years ago
For this assignment, respond to each of the questions presented in that lecture. You do not need to submit a completed outcomes
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In the above case, a skill acquisition will be the aim of the program.

<h3>What organizational goal is driving this skill acquisition training?</h3>

The purpose of skill acquisition is so that student can be able to learn one or more trade so that they can earn a living after school

<h3> What will the benefit be?</h3>

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What competencies will skill acquisition need?

It just need your presence, one's talents and expertise that has been obtained via education or or life experience.

<h3>What is the skill gap? </h3>
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<h3> What evaluation will be used to measure the level of goal achievement? </h3>

Output based on work done, practical work and result.

Who will be trained - student.

The estimated class size- 50 - 100

How many classes will there be and how long will this training last - 20 class and it will last 2 month.

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What will happen if we do not deliver the training - giving of certificates and graduation.

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Suppose labor's share of output is 60% and capital's share of output is 40%. If labor grows at a rate of 5%, then this will caus
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If capital grows at a rate of 5%, then this will cause output to grow at a rate of 1%.

Given,

Labor's share of output = 60%

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Labor grows on a rate of = 5%

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Thus, output will grow at a rate of = ?

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Implied rate of growth in technology is also given,

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= 1%

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