In a decision to either sell as is or process a product further, joint costs are considered irrelevant and process further costs are considered relevant.
The decision of whether to sell the product right away or wait to sell it in order to earn more money. Although we think that growing the business's income is great, we also need to make sure that the costs associated with the growth will be met. We must contrast the profit margin between selling now and selling later because additional processes will demand more resources and expenses.
Additionally, we need to make an effort to maximise the return on our investment. Additional processes might need more money spent on equipment. These factors require us to apply the sell or process further technique in order to choose the best course of action.
Typically, this scenario occurs in a joint product where one or more outputs can be generated and produce additional revenue. The joint products are produced at the same cost up until the point where they are divided and further sold or processed. Although the products can be sold at the split point, there are instances when continuing developing them is more profitable.
Learn more about joint cost here brainly.com/question/14988439
#SPJ4
Answer:
D
Explanation:
They're recruiting people who have the same ideas.
Answer:
<h2>In the case of a linear downward sloping demand curve,the price elasticity of demand is elastic in the upper portion and increasingly inelastic in the lower portion.Hence,the answer in this case would be option A.</h2>
Explanation:
- Based on the common consumer psychology,any rational consumer or buyer is relatively more responsive or reactive to any certain change in market price of any normal good or service during the initial stages of purchase or consumption.
- Hence,during the initial consumption phase,if the market price of any good or service changes by a certain proportion,then consumer demand for that product or service would also change in significant or considerable proportion.
- However,as the rational consumer or buyer increases its consumption level of any good or service as its market price decreases progressively,he or she becomes increasingly insensitive or unresponsive towards the change or further decrease in its market price.
- This phenomenon can be conceptually attributed to the law of diminishing marginal utility of any normal good or service which evidently advocates that as the individual consumer or buyer consumes more of any particular good or service,the additional or incremental consumer satisfaction or utility obtained from 1 more unit purchase of that particular good or services decreases progressively.In other words,the marginal utility of the consumer or buyers falls increasingly as the consumption level of any good or services increases.
- Hence,the market value of any product or service also declines as the consumption level of any good or services increases thereby making the consumers or buyers increasingly unresponsive or non reactive as its market price decreases especially towards the later or subsequent stages of consumption or purchase.
He needs to put it on the drying rack
Answer:
PART A
(1) Increase in demand for employment in Louisville than in Indiana.
(2) Migration of workers from Indiana to Louisville.
(3) A higher standard of living in Louisville than in Indiana.
(4) High cost of doing business in Louisville than in Indiana.
PART B
(1) increase in population of workers in Louisville.
(2) Increase in inflation in Louisville
(3) High standard of living in Louisville.
PART C
(1) Migration of the workforce from Indiana
(2) Reduced population of workers in Indiana.
Explanation: Minimum wage is an Economic term used to describe the lowest amount of money below which no worker who is employed within an economy should be paid.This term is usually concerned with those employed in the formal sectors of the economy in both the Private and public sectors, it is usually legally approved.
THE HIGHER THE MINIMUM WAGE IN AN ECONOMY THE HIGHER THE RATE OF MIGRATION FROM OTHER ECONOMIES INTO THE ECONOMY.
