The management is first assumed to desire to produce as much output as possible in order to maximize profit. Another supposition is that the company may improve output by employing more input and that higher output equates to more profits.
<h3>
What are the production possibilities, frontier model?</h3>
The graph known as the Production Possibilities Frontier (PPF) illustrates all the possible output combinations of two items that can be created with the resources and technologies currently in use. The PPF effectively expresses the ideas of choice, tradeoffs, and scarcity.
Frontier of Assumptions for Production PPF's first presumption is that the current technology setup or infrastructure will not change. The second presumption is that it only compares two goods or services that make use of the same resources.
Learn more about The Production Possibilities Frontier Model here:
brainly.com/question/13609959
#SPJ1
Burn it! (Lol IDK if this question was serious)
Answer:
57.07 months.
Joseph must decide whether the 57th payment was $1,327, or he can pay a 58th payment of just $92.
Explanation:
The easiest way to calculate a monthly payment is using a payment calculator:
- principal = 59,000
- n = 60
- APR = 7.6%
Monthly payments = $1,185.04
Since Joseph will pay an extra $50 each month, his payment = $1,235.04
By paying that extra amount Joseph will reduce his payments by almost 3 months to 57.07 months
After the 57th payment, Joseph' balance = $91.43, so he can decide to pay a little on the 57th payment or just pay $92 next month.
<span>Yes these contractually-stipulated programs between the both parties are actually a realistic and workable concept. It is important for both union and employer because when there is a situation of disagreement this contract will provide a resolution to both of them saving time and resources.</span>
Answer:
Fixed costs are those costs that do not vary with the level of production. While, variable cost are those costs that change with the level of production or per unit consumption.
(a) Repairs to a leaking roof- Fixed cost as it has nothing to do with the level of production.
(b) Cotton- Variable cost as it depends on the number of units produced.
(c) Food for the miller's cafeteria- Variable as it depends on production. The more you produce the more workers you need and thus more is the food requirement.
(d) Night security guard- Fixed cost as it does not change with the number of units produced by the textile mill.
(e) Electricity- Variable cost as it depends on the units of electricity consumed. The more you produce the more electricity will be consumed.
