The <u>law of increasing relative cost </u>states that the opportunity cost of producing a good always rises as one produces more of it.
According to the law of increasing costs, production eventually loses efficiency as it grows. The labor expenses for each additional item will increase, for instance, if increased production requires overtime work from your workforce.
Opportunity cost is the value of other commodities or services you must forgo in order to get your desired item. The term "cost" as used by economists often refers to opportunity cost. Cost is frequently mentioned in conversations or on the news.
According to the law of increasing opportunity cost, the cost of manufacturing the next unit rises as you keep up with the production of a given good.
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Answer:
2.3925
Explanation:
The computation of the Mexican pesos is shown below:
= (1 British pound × 1 U.S. dollar) ÷ 1 British pound for the Danish krone
= (1.65 × 10.875 ÷ 7.5)
= 2.3925 Mexican pesos
Simply we multiplied the 1 British pound with the 1 US dollar and then divide it by the 1 British pound for Danish krone so that the correct spot currency can come
Answer:
The weighted-average cost by unit is $28,338.
Explanation:
AVCO Perpetual chart is attached.
AVCO Perpetual chart shows purchases , sales and balance of each period. Highlighted you will find the balance at the end of every purchase or sale.
When you have a purchase: Use the following formula to get the weighted-average cost by unit:
(P₁*Q₁)+(P₂*Q₂)/(Q₁+Q₂)
P₁ and Q₁ are the balance from operation that you made before.
P₂ and Q₂ is the data of the new operation (new purchase)
When you have a sale: you only discount the Quantity and use the average cost by unit to get the final inventory.
The balance at the end of October is
Units Unit Cost Total
76 $28,338 $2.153,720
Answer:
correct answer is a. Find new users and new uses
Explanation:
As Product Life Cycle curve approach decline state
so company jump start by doing Find new users and new uses for the product help to attract the new target market and with the help of new style to product and usages so that it can increase sale and profits
and that company can do by change the element of its marketing mix as some excellent product last long in market that full fill to trends
so here correct option is a. Find new users and new uses
<span>E, there is not enough information without actually having the Return on Equity from which we can subtract the operating return. With only percentages, we cannot extract this answer.</span>
