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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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Product planners need to think about products and services on three levels. The second level is where the company turns the core
quester [9]

Answer:

Actual product

Explanation:

The first stage is core customer value which the company considers because this is what the customer is desiring. The second level is conversion of that core customer values into an actual product. And the last level but not least is augmented product. At this level, the company adds additional features and benefits in the product to make it attractive to its customers

4 0
4 years ago
On December 31, 2020, Bonita Industries has $5960000 of short-term notes payable due on February 14, 2021. On January 10, 2019,
mina [271]

Answer:

$2,420,000

Explanation:

The computation of the current liabilities reported is shown below:

= Short term note payable due - liquidate value of short term note payable + additional cash used

= $5,960,000 - $5,080,000 + $1,540,000

= $2,420,000

First we take the difference of the short term note payable and then we added the additional cash used so that the amount of current liabilities could come

7 0
3 years ago
Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. For his wife's birthday, he
forsale [732]

Answer:

The answer is B

Explanation:

GDP is no affected by Scott's production of the jewelry box.

7 0
4 years ago
Which of these is an example of a natural monopoly? electricity service grocery delivery retail store security driveway concrete
alina1380 [7]

An example of a natural monopoly found across the globe is power delivery.

Is electricity a natural monopoly?

  • Electricity service grocery delivery retail store security driveway concrete repair Natural Monopolies.
  • A natural monopoly exists when average costs continuously fall as the firm gets larger.
  • An electric company is a classic example of a natural monopoly.

What are some examples of monopolies?

Natural gas, electricity companies, and other utility companies are examples of natural monopolies.

They exist as monopolies because the cost to enter the industry is high and new entrants are unable to provide the same services at lower prices and in quantities comparable to the existing firm.

Learn more about this here:

brainly.com/question/5372062

#SPJ4

6 0
2 years ago
Staley Co. manufactures computer monitors. The following is a summary of its basic cost and revenue data: Per Unit Percent Sales
Ivenika [448]

Answer:

20.5%

Explanation:

Calculation for what Staley Co.'s margin of safety ratio (MOS%) if 600 units are sold would be

First step is to calculate Break-even amount

Break-even = $80,000/($480-$312)

Break-even= 476.19

Break-even= 477 approximately

Second step is to calculate the Margin of Safety

Margin of Safety = 600-477

Margin of Safety= 123

Now let calculate the margin of safety ratio

Margin of safety ratio=123/600

Margin of safety ratio=20.5%

Therefore Staley Co.'s margin of safety ratio (MOS%) if 600 units are sold would be 20.5%

7 0
3 years ago
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