Answer:
B. False
Explanation:
Opportunity cost of producing a good for the supplier are the profits that they could make from other goods that they are not producing, for example if a supplier is producing cars the opportunity cost are the profits that the supplier can make by producing other products instead of cars. This statement is wrong because when the price of a good increases the opportunity cost of producing the good does not change because the opportunity cost of producing the good depends on the price and profits of other goods. In this case when the price increases the suppliers will supply more of this good because the opportunity cost of not producing the good increases because they can make higher profits now.
Answer:
$18 per unit
Explanation:
Average cost per unit is the cot of the product to product on average basis. Any product uses different costs to produce like material, Labor and overheads.
In this question there is only material cost of Copper and Zinc material to make Alloy.
Total Cost = 4,000 units [($3x3)+($3x3)] = $72,000
Average cost per unit = Total Cost / Total numbers of unit
Average cost per unit = $72,000 / 4,000 = $18 per unit
Torque toz's unique tire design is a registered trademark
Answer:
Sarine is most likely making the decision to continue with these dolls due to Self-justification and self-enhancement.
Explanation:
Generally, the law of prospects theory is applied here. According to this law people are attracted towards attaining maximum utility rather than to look for absolute outcome. The self-justification is a significant problem here which arises when people who are responsible for making the decision are strongly tied with a project. Similarly, to avoid the problem off self-justification and self-enhancement, the best practice is to appoint different people to make the decision and to evaluate them, which ensures transparency and long-term stability which is lacking in this case.