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charle [14.2K]
3 years ago
15

After graduating with his MBA and returning from his trip to find no shoes from

Business
1 answer:
lukranit [14]3 years ago
4 0

Answer:

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Greater resource prices _______ the costs of production, thereby, ______ the incentive for firms to produce the good at each pri
RoseWind [281]

Greater resource prices increases the costs of production, thereby,  reducing  the incentive for firms to produce the good at each price.
The total cost incurred by a business to produce a product or provide services is referred to as the cost of production. Supplies and raw materials consumed during production, as well as labour costs, are often included in production costs.

Costs of Production

All of the direct and indirect expenses firms incur when producing a good or rendering a service are referred to as production costs. Various expenditures, including labour, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs. When a company produces a good or offers a service, it incurs production expenses, which are sometimes referred to as product costs. Numerous expenses are included in these costs. For instance, manufacturing expenses for manufacturers include the cost of the labour and raw materials required to make the product. Production expenses in the service sector are related to the labour needed to implement the service and any material costs associated with providing the service.

To learn more about Costs of Production

brainly.com/question/13738783

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3 0
2 years ago
Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $66,000 of its accounts
saul85 [17]

Answer:

The journal entry for recovery is shown below:

Explanation:

When the company, determine that it could not collect the amount, then the entry which should be recorded is:

Accounts receivable A/c..........Dr  $66,000

            Bad debts expenseA/c........Cr  $66,000

But on October 30, the company received the full amount from the customer, then entry for recovery of the bad debt is as:

Cash A/c.................................Dr    $66,000

      Accounts Receivable A/c.......Cr   $66,000

4 0
3 years ago
What is the difference between business strategies and business models?
Sunny_sXe [5.5K]

Answer:

B. Business models focus on specific aspects of a business, while business strategies focus on how different aspects affect the whole business.

8 0
3 years ago
What type of spending depends primarily on these three factors: the interest rate, the expected future level of real GDP, and th
Montano1993 [528]

Answer:

The correct answer is : Planned Investment Spending

Explanation:

This is the spending which business plans to commit to during a special period of time. It is related to the interest rate. It is done in order to gain capital goods or stock and they are used to speed up the movement of cash in a company. This investment is intended by firms

7 0
4 years ago
Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal:
AlladinOne [14]

Answer:

c. the larger is the deadweight loss of the tax.

Explanation:

Supply is elastic if a small change in price has a greater effect on quantity supplied.

If a tax is imposed, and supply in elastic, the quantity supplied would fall.

Deadweight loss is when quantity supplied reduces as a result of tax.

If supply is elastic, the larger is the deadweight loss of the tax.

I hope my answer helps you

3 0
3 years ago
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