A large amount of retail organisations use advertising in a monopolistic market. Starting a business is relatively easily, but staying in business is not and requires and convincing consumers that their product is different and better than that of competitors.
Answer:
Handpicking is more cost effective (at $12 per hour for 120 pounds).
Explanation:
Information given;
Handpicking yields 80 pounds per hour while
Mechanical pickers yield 120 pounds per hour
Wage rate of human pickers = $8 per hour
Mechanical picker rate = $15 per hour
For the human picker to pick 120 pounds,
Time required = 120/80
= 1.5 hours
If the human pickers are paid at $8 per hour
then wage to be paid in 1.5 hours = 1.5 × 8
= $12
From the above analysis, cost incurred on machine pickers for 120 pounds per hour is $15 while the cost incurred on human pickers is $12. Hence the human pickers are more cost effective.
The answer to this question is when private ownership rights are well defined <span>It can be held accountable for damage to others through misuse of their property.</span>
Answer:
The correct answer is: units-of-production.
Explanation:
In the depreciation method per production units, an annual production quantity is assigned according to the total calculation of potential units that can be produced in the useful life of the good. In order to calculate the total value, the units that were actually produced must be multiplied by the depreciation cost of each unit.
Answer:
A. One deals with the creation of an item; the other deals with the use of an item.
Explanation:
Production means "To make" and consumption is putting to use of something.