Answer: The correct answer is <u>$150.</u>
Explanation:
We know that the marginal cost of hiring a third worker is $ 40. And that the average total cost when 3 workers are hired is $ 50. The average total cost formula is:
Average total cost = (total cost) ÷ (number of workers)
Then we solve the equation in 3 steps:
1) $ 50 = X ÷ 3
2) $ 50 × 3 = X
3) $ 150 = X
We can diagram the workers cost chart
Number of workers - Marginal cost - Total cost
1 - $60 - $60
2 - $50 - $110
3 - $40 - $150
Answer:
The answer is B: At the midpoint of the project, members realize that their behavior pattern must change in order to complete the project on time.
Explanation:
Punctuated equilibrium is a concept in both biology and business where long periods of relative stability are often followed by growth spurts.
The punctuated-equilibrium model argues that groups usually move forward during bursts of change after going for long periods without change.
In the answer B, this concept is captured as group members of a project realise somewhere at the midpoint, that their behavior pattern must change in order to complete the project on time.
This shows that a period of relative stability was observed and then a short period of growth will be observed during the project lifecycle. This agrees with the development pattern known as punctuated equilibrium.
Answer:
The correct answer is A. It uses separate predetermined overhead allocation rates for each activity.
Explanation:
he ABC cost model allocates and distributes indirect costs according to the activities carried out in the process of manufacturing the product or service, identifying the origin of the cost with the necessary activity, not only for production but also for distribution and sale; The activity is understood as the set of actions that aims to incorporate added value to the product through the manufacturing process. Complementing the definition of activity, it should be mentioned that the ABC Model is based on the fact that products and services consume activities, and these in turn are the ones that generate costs.
Answer:
E. property damage auto 5. pays if insured is at fault and someone else's-
property is damaged
Answer: Cost-push inflation is caused by an increase in the prices of the underlying inputs of production.
