Answer:
(D) are more heterogeneous and less standardized and uniform
Explanation:
Since services have greater heterogeneity, there is some variability of inputs and output in services, so they tend to be less standardized and uniform than goods.
The crossover point is that production quantity where total costs for one process equal total costs for another process. Hence, option D is correct.
<h3>What is crossover point?</h3>
Financial independence is secured when investment income exceeds regular income. In financial jargon, this is known as the "cross over point."
When the production expenses for one product are the same as those for another product, there is an added benefit to selling any product because the cost is the same and the income will be higher from each unit, independent of the number of units sold.
Thus, option D is correct.
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All options are missing firm the question-
a. variable costs of one process equal the variable costs of another process.
b. fixed costs of a process are equal to its variable costs.
c. total costs equal total revenues for a process.
d. total costs for one process equal total costs for another process.
e. the process no longer loses money.
Answer:
Company's assets at the end of Year 2 were provided by creditors = 20%
Explanation:
<u>Calculation of Cash at the end of Year 2
</u>
Cash balance at the end of Year 1 $600
Less: Paid off to notes payable ($500)
Add: Earned cash revenue $700
Less: Paid cash expenses ($400)
Less: Paid cash dividend <u>($100)</u>
Cash balance at the end of Year 2 <u>$300</u>
Notes payable at the end of Year 2 = Beginning balance - Paid off
= $1,000 - $500
= $500
<u>Calculation of Notes Payable at the end of Year 2
</u>
Notes Payable at the end of Year 1 $1000
Less: Paid off to notes payable <u>($500)</u>
Notes Payable at the end of Year 2 <u>$500</u>
Total assets at the end of Year 2 = Cash + Land
= $300+2200
= $2500
Creditors at the end of the Year 2 (Notes payable) = $500
Company's assets at the end of Year 2 were provided by creditors = Creditors * 100 / Total assets
= $500 * 100 / $2500
= 20%
Answer:
Positive Statements: 1st & 2nd ; Normative Statements: 3rd & 4th
Explanation:
Positive Economics is <u>objective</u> & <u>facts</u> based <u>actual</u> economic issue description , explaining verifiable phenomenas (causal relationships).
Normative Economics is <u>subjective</u> & opinion based conclusive <u>solutions</u> to economic issues, including '<u>ought to be</u>' unverifiable suggestions.
1. Lung cancer kills millions of people each year: reflects actual objective verifiable fact about an economic (health) issue.
2. Too many people smoke: denotes another actual objective variable fact connected to (potential cause of) the above economic (health) issue.
So , these two are Positive Statements.
3. If the government were to increase taxes on cigarettes, fewer people would smoke : Is subjective opinion based probable solution to the above economic (health) issue.
4. The government should increase taxes on cigarettes : Is an 'ought to' suggestion for an economic participant (govt) to solve the above economic (health) issue.
So , these two are Normative Statements
