Costs of production that affect people who have no control over how much of a good is produced

1 answer:

5 0

SPILLOVER COSTS are costs of production that affect people who have no control over how much of a good is produced.

Spillover cost is also known as "negative externalities". This happens when costs of production are not fully reflected on market demand or supply schedules that may result to a loss or damage on a third party involved in a market transaction.

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The benefit of a flexible manufacturing system is that: a. the necessary skill levels of workers are reduced, allowing the firm

galben [10]

Answer:

<h2>The answer in this case would be the option b. or it captures the cost savings of economies of scale.</h2>

Explanation:

Flexible manufacturing system basically implies the ability of the production or manufacturing system to respond to any predictable or unforeseen changes.Hence,it measures the flexibility level of firms or companies to adjust the production or manufacturing mechanism or procedures to any current or potential changes.
In this regard,the firms or companies can alter the productive efficiency of the entire manufacturing or production system by employing innovative and productive technological inputs which can influence the productive capacity or efficiency level of the factors/inputs of production.This might be essential as various requirements of production or manufacturing can change periodically.
Flexible manufacturing system can essentially reduce the per unit production cost or the average cost of production of any firm or company by enhancing the productive efficiency of the factors/inputs of production thereby,increasing the overall production or output volume.This can lead to higher long term profitability of any firm or company.This phenomenon is known as Economies of Scale in Economics which refers to gradual reduction or decrease in the per unit production cost with a simultaneous increase in the production or output level.

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3 years ago

Susmel Inc. is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 Cash flo

Rashid [163]

Answer:

c. 2.42 years

Explanation:

The computation of the payback period is shown below:

<u>Year Cash flow Cumulative cash flow</u>

0 -$475 -$475

1 $150 -$325

2 $200 -$125

3 $300 $175

Now the payback period is

= 2 years + $125 ÷ $300

= 2.42 years

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3 years ago

Teams have better communication than other workers because they get to ______

Sloan [31]

Answer:

Know each other better.

Explanation:

A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective. This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.

Hence, teams have better communication than other workers because they get to know each other better in the course of brainstorming, interaction and sharing of ideas.

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When entrepreneurs develop new products,other companies also experience growth because they

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Attempt to improve their own product. Companies "fight" in this way. by improving their products so that they are better

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The Peach State Onion Company's onion-bagging machine was found to operate at mean = 25.05 pounds with a standard deviation of

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Answer: The process of capability index is 1.03

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