Answer:
Unit product cost is $130
Explanation:
The computation of the unit product cost for product X is given below;
Direct material per unit (5,000 ÷ 100) $50
Direct labor per unit (3,000 ÷ 100) $30
Manufacturing overhead ($200,000 ÷ 2,000) × 50 ÷ 100 $50
Unit product cost is $130
This is the correct answer but the same is not provided in the given options
Answer:
false
His purchase left GDP unchanged
Consumption of non durables would increase.
Also, net export would decrease.
these effects would cancel out
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
Answer:
B. increase in output obtained from a one unit increase in labor
Explanation:
Marginal product is the change in output as a result of a change in factor input such as labor (L) or capital (K).
Marginal product of capital is the change in output resulting from a change in capital.
It can be calculated by :
Marginal product of capital (MPK)= change in output/change in capital
That is,
MPK=∆Q/∆K
Marginal product of labor is the change in output when additional labor is added. Only labor changes in marginal product of labor. It can be calculated by
Marginal product of labor (MPL)= change in output/change in labor
That is,
MPL=∆Q/∆L
Answer:
D.what the government decides is important for society