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kumpel [21]
3 years ago
9

The Production Function shows how total output changes when the amount of a single variable input changes while all other inputs

are held constant. Which Economic Resource (Factor of Production) is usually the variable input?
Business
1 answer:
QveST [7]3 years ago
4 0

Answer:

labor

Explanation:

They are four factors of production. They are labor, capital, land, and entrepreneurship.

Labor is compensation for human skills, knowledge, time, and energy. It is indicated as salary, wages, commissions, or allowances in the books of account. A company's labor expense is influenced by the number of workers it requires. A planned high output will require many workers, while a low-volume production needs fewer workers. Therefore labor is considered a variable cost.

Capital includes the finances, equipment, and machinery required to start a business. Capital is a fixed cost as capital requirements do not vary will the volume of output. Land and entrepreneurship are fixed costs as they are not expected to change in the s

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Sandy's Sauces, which produces stir-fry sauces, is developing direct material standards. Each bottle of sauce requires 0.70 kilo
Masteriza [31]

Answer:

C) 0.84 kilograms

Explanation:

The standard material quantity = kilograms per bottle + allowance for waste + allowance for rejects = 0.70 kg + 0.05 kg + 0.09 kg = 0.84 kg

The standard material quantity is the budgeted (estimated) amount of direct materials needed to produce one unit of output. The total standard quantity = standard material quantity times total units produced.

6 0
4 years ago
3. At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70. What is the expected win
kykrilka [37]

Answer: $60

Explanation:

From the question, we are informed that At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70.

The expected winning bid if there are four bidders goes thus:

Since there are four bidders, the probability that the winning bid is $50 is 1/2 and for $70, it's 1/2 as well based on the question.

The expected winning bid will now be:

= ($50 × 1/2) + ($70 × 1/2)

= ($50 × 0.5) + ($70 × 0.5)

= $25 + $35

= $60

8 0
3 years ago
Select the correct answer.
levacccp [35]

the correct answer is c hope this helps

3 0
3 years ago
Read 2 more answers
Eglon Mills has a new Year 2020 project with an initial equipment cost of $368,000 and a project life of 10 years. The firm gene
marissa [1.9K]

Answer:

$77,280

Explanation:

Calculation for what is the depreciation tax shield amount for Year 2020 at a tax rate of 21 percent

Using this formula

Depreciation Tax Shield =Initial equipment cost*tax rate

Let plug in the formula

Depreciation Tax Shield = $368,000*21%

Depreciation Tax Shield = $77,280

Therefore the Depreciation Tax Shield will be $77,280

7 0
3 years ago
Pizzicletta Pizza Shop purchased a stone pizza oven on January 1, 2018. The oven cost $50,000 and has an estimated salvage value
AlexFokin [52]

Answer:

Accumulated depreciation= $24,000

Explanation:

Giving the following information:

Using the straight-line method of depreciation, annual depreciation expense is computed as $8,000.

Under the straight-line depreciation method, the annual depreciation remains the same during the useful life.

Accumulated depreciation= annual depreciation*number of years

Accumulated depreciation= 8,000*3= $24,000

8 0
4 years ago
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