Answer:
The correct answer is option c.
Explanation:
The aggregate production function shows the relationship between the total economic output and the amount of inputs used.
Keeping other things constant, an increase in the stock of capital will cause the the production function to move upwards. This shows that the economy will be able to produce more output.
Answer:
The fixed costs per month are $50,000.
Explanation:
The problem can be presented as a system of 2 equations with 2 variables:
Where:
<em>y</em> are the fixed costs,
<em>x </em>are the variable costs per unit produced.
You can solve the system by the method you like. In this case im using the Gaussian Elimination method.
We start with the following AX = b matrix.
![\left[\begin{array}{ccc}1&16000\\1&8000\\\end{array}\right] * \left[\begin{array}{ccc}y\\x\\\end{array}\right] = \left[\begin{array}{ccc}80000\\65000\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D1%2616000%5C%5C1%268000%5C%5C%5Cend%7Barray%7D%5Cright%5D%20%2A%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7Dy%5C%5Cx%5C%5C%5Cend%7Barray%7D%5Cright%5D%20%3D%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D80000%5C%5C65000%5Cend%7Barray%7D%5Cright%5D)
We substract the second row by the first row.
![\left[\begin{array}{ccc}1&16000\\0&-8000\\\end{array}\right] = \left[\begin{array}{ccc}80000\\-15000\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D1%2616000%5C%5C0%26-8000%5C%5C%5Cend%7Barray%7D%5Cright%5D%20%3D%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D80000%5C%5C-15000%5Cend%7Barray%7D%5Cright%5D)
We divide the second row by (-8000):
![\left[\begin{array}{ccc}1&16000\\0&1\\\end{array}\right] = \left[\begin{array}{ccc}80000\\1.875\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D1%2616000%5C%5C0%261%5C%5C%5Cend%7Barray%7D%5Cright%5D%20%3D%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D80000%5C%5C1.875%5Cend%7Barray%7D%5Cright%5D)
We substract the first row by 16,000 times the second:
![\left[\begin{array}{ccc}1&0\\0&1\\\end{array}\right] = \left[\begin{array}{ccc}50000\\1.875\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D1%260%5C%5C0%261%5C%5C%5Cend%7Barray%7D%5Cright%5D%20%3D%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D50000%5C%5C1.875%5Cend%7Barray%7D%5Cright%5D)
Multiplying this reduced matrix by the X matrix to interpret the results:
![\left[\begin{array}{ccc}1&0\\0&1\\\end{array}\right] * \left[\begin{array}{ccc}y\\x\\\end{array}\right] = \left[\begin{array}{ccc}50000\\1.875\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D1%260%5C%5C0%261%5C%5C%5Cend%7Barray%7D%5Cright%5D%20%2A%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7Dy%5C%5Cx%5C%5C%5Cend%7Barray%7D%5Cright%5D%20%3D%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D50000%5C%5C1.875%5Cend%7Barray%7D%5Cright%5D)
We can say that Mendoza Company's has<em> y = $50,000</em> fixed costs and each unit costs <em>x = $1.875</em> to produce. Therefore the answer to the problem is $50,000.
Answer:
B) opportunity costs.
Explanation:
The $40,000 salary that Jamar gave up are part of his opportunity costs.
Opportunity costs are the costs (or benefits lost) from choosing one activity or investment over another alternative.
When you calculate the economic profit of a new project you must include all the implicit or opportunity costs that you incur or lose due to the new project:
economic profit = accounting profit - implicit costs
Answer:
Explanation:
Rordan Corporation
Direct Labor Budget
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Year
Required production in units:
1st Quarter = 8, 000
2nd Quarter = 6, 500
3rd Quarter = 7, 000
4th Quarter = 7, 500
Year = 29, 000
Direct labor time per unit (hours):
1st Quarter = 0.35
2nd Quarter = 0.35
3rd Quarter = 0.35
4th Quarter = 0.35
Total direct labor hours needed:
1st Quarter = 2, 800
2nd Quarter = 2, 275
3rd Quarter = 2, 450
4th Quarter = 2, 625
Year = 10, 150
Direct labor cost per unit:
1st Quarter = $12
2nd Quarter = $12
3rd Quarter = $12
4th Quarter = $12
Total direct labor cost:
1st Quarter = $12 x 2, 800 = $33, 600
2nd Quarter = $12 x 2, 275 = $27, 300
3rd Quarter = $12 x 2, 450 = $29, 400
4th Quarter = $12 x 2, 625 = $31, 500
Year = Q1 + Q2 + Q3 + Q4 = $121, 800
Answer:
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Explanation:
