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Alborosie
3 years ago
10

Which level indicates the point of maximum economic efficiency?

Business
1 answer:
Bezzdna [24]3 years ago
6 0
The level which indicates the point of maximum economic efficiency IS THE LOWEST POINT ON AVERAGE COST CURVE. 
The average cost curve is the curve that graphically represents the relationship between average cost by a company and the product produced. The point of maximum efficiency on the curve is the lowest point on the curve.
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Alice earned $12 per hour. What equation shows the relationship between her
LenaWriter [7]

<em><u>The equation shows the relationship between her  weekly salary (w), hours per week (h), and rate per hour (r) is:</u></em>

w = h \times r

<em><u>Solution:</u></em>

Given that,

Alice earned $12 per hour

1 hour = $ 12

<em><u>Find the number of hours in 1 week</u></em>

1 day = 24 hours

1 week = 7 days

Therefore,

1 week = 7 x 24 = 168 hours

Let "h" be the hours per week

let "r" be the rate per hour

Let "w" be the rate per hour

From given,

r = $ 12

h = 168 hours

weekly salary = hours per week x rate per hour

w = h \times r

w = 168 \times 12\\\\w = 2016

Thus, she earns $ 2016 for 1 week

5 0
3 years ago
Read 2 more answers
Sometimes entrepreneurs spend so much time and energy building the business that relationships are destroyed. What phrase best d
tekilochka [14]

Answer to this Question is

D) It's possible to score points in the wrong game.

Explanation:

Yes, its very much true that entrepreneurs build businesses from scratch, they build big empires by providing customers the most innovative products. They keep on finding the new solutions for the people's problems. Yes, while putting this handwork and changing the business and wold's landscape they put so much time, effort and energy that they get very less time for themselves that's why they cant give much time to their relationships and they have to loss them. That's why it is said that its just like scoring points in the wrong game.

5 0
3 years ago
the difference between the actual quanity and the standard quanity, multiplied by the standard price is the
dalvyx [7]

Answer: Direct materials quantity variance.

Explanation:

Direct Material quantity variance is the difference between the actual quantity of materials used in production and the standard quantity that was supposed to be used, multiplied by the standard price of the material.

It is a method that checks the company's efficiency is being able to use raw materials to produce goods. If the Actual quantity needed is greater than the Standard quantity, this will be considered an Unfavorable Variance and mean that the company was not efficient in using the materials.

Causes of this can be low quality of materials and inadequate employee training.

6 0
3 years ago
The LIFO inventory method assumes that the cost of the latest units purchased are:
Scilla [17]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The LIFO inventory method assumes that the cost of the latest units purchased are:

<u>Under the Last-in, First-out method the first units on inventory are the ones left to ending inventory. On the contrary, the last units are the first ones to go to the cost of goods sold. </u>

a. the last to be allocated to the cost of goods sold. False, this is under the FIFO method.

b. the first to be allocated to ending inventory. False, this is under the FIFO method.

c. the first to be allocated to the cost of goods sold. True.

d. not allocated to cost of goods sold or ending inventory. False, they are allocated to cost of goods sold.

4 0
3 years ago
Given the following information about the economy of Pakistan, calculate Pakistan's GDP. Note that the currency of Pakistan is t
oksano4ka [1.4K]

Answer:

  • <u><em>Pakistan's GDP = 13.53 trillions of rupees.</em></u>

Explanation:

<em>GDP</em> is the gross domestic product. It is the value of all the goods and services produced by an economy (a country), in a period, which is normally one year.

The <em>GDP</em> can be calculated with the equation:

GDP = Consumption + Investment + Goverment spending + Net Exports

Where, Net Exports is the value of the exports less the value of the imports.

Thus, the values that you need to sue to calculate the GDP are:

  • Consumptiion
  • Investment
  • Goverment spending
  • Exports
  • Import

<u>Identify</u> the values that you need to incorporate in your formula. Here is the selection (all the amounts are in trillions of rupees):

  • Consumption = individuals consume: 10.40
  • Investment = businesses invest = 1.35
  • Government spending = goverment purchases = 2.80
  • Exports = Pakistan exports = 1.29
  • Imports: Pakistan imports: 2.31

Those are all. Other items, i.e. foreigners spend (0.60 trillions of rupees) and individuals save (5.00 trillions of rupees), do not count for the GDP.

<u>Compute</u> (in trillions of rupees):

  • GDP = 10.40 + 1.35 + 2.80 + (1.29 - 2.31) = 13.53

<u>Answer</u>: Pakistan's GDP = 13.53 trillions of rupees.

4 0
3 years ago
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