Shipping costs on merchandise sold s an example of a variable cost
<h3>What is
variable cost?</h3>
Variable costs are costs that change as the quantity of a good or service produced by a business changes. Variable costs are the total of marginal costs across all units manufactured. They can also be considered standard expenses. The two components of total cost are fixed costs and variable costs.
Variable costs are costs that change with volume. Raw materials, piece-rate labour, production supplies, commissions, delivery costs, packaging supplies, and credit card fees are examples of variable costs.
Formula for Variable Cost. To calculate variable costs, multiply the cost of producing one unit of your product by the total number of products produced. This formula is as follows: Total Variable Costs = Cost Per Unit x Unit Count
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Answer:
d) The inventor should produce all the units for which marginal revenue equals or exceeds marginal cost.
Explanation:
The inventor has a new and innovative product that can change the color of a person's eyes with no negative side effects.
She now has a monopoly in the market. To maximise her profits she needs to set price of the product so marginal revenue is equal to or greater than the marginal cost.
Marginal revenue is the additional income earned per unit produced, while marginal cost is the additional cost incurred with extra unit produced.
When MR is equal to MC the business breaks even, and when MR is greater than MC the business is making profit.
It can give the baby fetal alcohol syndrome
Answer:
correct option is b.0.50
Explanation:
given data
computer shop = 100 customers
purchased computer = 25
solution
we know that past data does not affect the probability of next outcome
so when they buying computer or net
so here
probability of customer buy computer is =
= 0.5
and
probability of customer not buy computer is =
= 0.5
so here chance of buying as they buying or not buying is 50 %
so correct option is b.0.50
Answer:
on the job training
Explanation:
On the job training focuses on a more practical training, i.e. training new employees through real life situations. While off the job training is theoretical training that can be carried out somewhere else. The advantage of on the job training is that new employees encounter the same type of situations that they will face on their jobs.