The sum of the explicit and implicit costs incurred in the production process is called

Business

1 answer:

agasfer [191]2 years ago

6 0

The sum of the explicit and implicit costs incurred in the production process is called total cost

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U.S. real gross domestic product changed from $14.2 trillion in 2005 to $14.8 trillion in 2010. During that same time period, th

Oduvanchick [21]

Answer:

The dollar value of manufactured output is 2.8248%

Explanation:

change in % = final - initial/initial

= 1.82 - 1.77/1.77 * 100

= 2.8248%

Therefore, The dollar value of manufactured output is 2.8248%

7 0

3 years ago

For advertising strategies to be effective, they must work within the confines of the overall marketing strategy. T/F

dedylja [7]

Answer:

The correct answer is True.

Explanation:

A marketing strategy helps to create products and services with the best possibilities of obtaining benefits. This is because the marketing strategy begins with market research, taking into account the optimal target customer, what the competition is doing and what trends could be on the horizon.

Using this information, determine the benefit customers want, what they are willing to pay and how you can differentiate the product or service from the competition.

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3 years ago

At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for

Shkiper50 [21]

Answer:

335.43 million gallons

Explanation:

price elasticity of demand (PED) = % change in quantity demanded / % change in price

PED = -1.9% / 10% = -0.19, very inelastic

expected price increase $0.40

% change in price = ($3.45 - $3.05) / $3.05 = 13.11%

% change in quantity demanded:

-0.19 = D / 13.11%

D = 2.49%

quantity demanded will decrease by 2.49%, from 344 million gallons to 335.43 million gallons

8 0

2 years ago

Matthew decides to buy expensive designer jeans. Less expensive jeans are available, but the added cost of the designer brand is

kicyunya [14]

Matthew decides to buy expensive designer jeans. Less expensive jeans are available, but the added cost of the designer brand is worth it to Matthew most likely because His preference is for designer labels, since the assertions made by the other manufacturers, which claim that designer trousers are less expensive, are illogical. This is further explained below.

Generally, payment is required before it can be obtained or completed.

In conclusion, Affluent designer jeans are Matthew's choice. There are cheaper jeans out there, but Matthew most certainly prefers designer labels since the arguments of the other manufacturers, who say that designer pants are less costly, are irrational.