Answer: output
Explanation: output is the same as productivity because output means the outcome of all the factor input during the production process which can be raw materials, capital and other cost incurred.
The level and quantity of output produced also determine the performance of the industry.
Answer:
off-peak pricing
Explanation:
Off-peak pricing is defined as the type of pricing where there is a lower charge for services when there is less flow of customers. It provides an incentive to keep customers that patronise a business when there is less demand.
When there is a rush or higher demand the price can now go higher.
In the given scenario where commuters in New York install radio frequency identification (RFID) devices on their cars that can be read automatically as they approach a toll booth. Also New York authorities the opportunity to manage traffic flow by charging different toll amounts for different times of day.
This is an off-peak pricing system
Answer:
Not involved In the production process
Eg. Selling expenses or advertising expenses
Answer:
Unitary prime cost= $170.24
Explanation:
Giving the following information:
Last month, direct materials (electronic components, etc.) costing $550,000 were put into production.
Direct labor= $880,000.
Manufacturing overhead equaled $495,000
The company manufactured 8,400 television sets during the month.
Unitary prime cost= (direct material + direct labor)/number of units
Unitary prime cost= (550000 + 880000)/8400= $170.24
