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3 years ago

How do producers decide whether to diversify and production or specialize and trade?

1 answer:

3 0

If they have experience in the sector and have all the needs machines, employees, money,..... then they would prefer to go to specialize and trade

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Consumers may be equally happy consuming different goods, though they may need to substitute more of one product in place of eac

lawyer [7]

Answer:

diminishing marginal rates of substitution.

Explanation:

Based on the information provided within the question it can be said that the principle that captures this is known as diminishing marginal rates of substitution. Like mentioned in the question this refers to the fact that a consumer chooses to replace a product instead of actually buying more. This decreases as you move down the indifference curve as shown below.

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4 years ago

Your email marketing service shuts you down if your spam reports exceed 3%. You are doing a mailing to 900 people. What is the m

Likurg_2 [28]

Answer:27

Explanation:900 times 3%=27

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3 years ago

If a fixed asset, such as a computer, were purchased on January 1st for $3,750 with an estimated life of 3 years and a salvage o

damaskus [11]

Answer:

2. EOM Depreciation Expense 100 Accumulated Depreciation 100

Explanation:

The journal entry to record the monthly expense under straight-line depreciation is shown below:

EOM Depreciation Expense A/c Dr $100

To Accumulated Depreciation A/c $100

(Being depreciation expense is recorded)

The computation is shown below:

= (Purchase value of a fixed assets - estimated residual value) ÷ (useful life × total number of months in a year)

= ($3,750 - $150) ÷ (3 years × 12 months)

= ($3,600) ÷ (36 years)

= $100

4 0

3 years ago

First Class, Inc., expects to sell 29,000 pool cues for $13 each. Direct materials costs are $3, direct manufacturing labor is $

eduard

Answer:

Direct material= $91,800

Direct labor= $153,000

Manufacturing overhead= $25,398

Explanation:

Giving the following information:

Sales= 29,000 pool cues

Direct materials costs are $3

direct manufacturing labor is $5

manufacturing overhead is $0.83 per pool cue

Beginning inventory Direct materials= 24,000 units

Ending inventory Direct materials= 24,000 units

Finished goods inventory Beginning= 1,200 units

Finished goods inventory Ending= 2,800 units

First, we need to determine the number of units to be produced:

Production= sales + desired ending inventory - beginning inventory

Production= 29,000 + 2,800 - 1,200

Production= 30,600 units

Direct material= 30,600*3= $91,800

Direct labor= 30,600*5=$153,000

Manufacturing overhead= 30,600*0.83= $25,398

4 0

4 years ago

To ensure quality service and accurate return preparation, every site is required to have a process for assigning taxpayers to I

sergey [27]

Answer:

True

Explanation:

The IRS has an extensive list of basic quality site requirements that every site must comply with in order to ensure quality service and accurate return preparation. A listing of those 10 basic quality site requirements is:

Certification
Intake/Interview & quality review process
Confirming photo identification and taxpayer identification number (TIN)
Reference materials
Volunteer agreement
Timely filing of tax returns
Civil rights
Correct site identification number (SIDN)
Correct electronic filing identification number (EFIN)
Security

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3 years ago