Answer: The answer is A
Explanation: high unemployment and a low level of production
Answer:
Other things equal, the fall in the price of plastic would shift Pic's marginal cost curve to the right. To maximize profits, Pic should increase its output. Since other firms in the industry do not enjoy the reduction in marginal costs, the market supply curve would not change and the market price of toothpicks would remain unchanged. Pic Industries would enjoy higher profits in the short-run
<span>a country might have an absolute advantage in producing a good because it has a large population this doesn't mean that the country is more efficient than other countries If a country has a comparative advantage its opportunity cost is lower so by specializing and trading a good that a country has a comparative advantage with the country can get more out of what it produces.</span>
The apt size of a hammer that can be used a s a jigsaw would be
16oz.
Explanation:
To see the size of hammer that would be necessary we must understand the size of the outlet box and how it would require the jig to be.
The average height of an outlet box is usually 12 inches from the floor and it is then attached to a secondary box above it which is 16 inches
So, to lift this piece by the jig we can see that the standard sized hammer of 16 ounces would be apt and would do the job completely well.
So this is the one that must be used.
Answer:
The net benefit is -$26,000
Explanation:
Given the above information,
The total cost of manufacturing 12,000 circuit boards
= 12,000 × $34
= $408,000
Total purchase price
= 12,000 × $34
= $408,000
Fixed overhead cost applied
= 12,000 × $6
= $72,000
The rental income = $46,000
Outsourcing cost
= Total purchase price + Fixed overhead cost applied - Rental income
= $408,000 + $72,000 - $46,000
= $434,000
Therefore, Net benefit
= Total cost of manufacturing - Outsourcing cost
=$408,000 - $434,000
= -$26,000
