Guarantees your money is available when you need it
Answer:
A. An increase of $4,500
Explanation:
For computing the total cost change, first we have to determine the total cost which is shown below
= Direct Materials cost + Direct Labor costs + variable overhead costs
= $21,000 + $5,500 + $19,000
= $45,500
And, the outside purchase is $50,000
So, the total cost change would be
= $50,000 - $45,500
= $4,500 increase
Answer:
Correct option is A
“The flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing” is the correct option
Explanation
It is a curve which shows various combination for the amount of two goods among which they can be produced with in the given available resources. Thus, it shows that the maximum amount of output is produced with the help of given resource.
Answer:
c
Explanation:
Resources are means or factors used to produce goods and services that satisfy human wants.
Human wants and that of the society is unlimited but the resources available to satisfy these wants are limited. As a result, economic agents must make decisions based on the availability of resources.
Resources include :
Land are natural resources used to produce goods and services e.g. gold mine
Labor is the effort used by people in the production of goods and services.
Capital includes machinery and man made resources used in production e.g. hammer
An entrepreneur is a person who combines the other factors of production together
Management by objective.
This is a technique that uses a defined process to establish goals and measure results in the workplace.
