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2 years ago

Producing output at the lowest possible total cost per unit of production is: Multiple choice question.

1 answer:

5 0

Efficiency is defined as the production of output at the lowest possible total cost per unit of production.

Efficiency involves maximizing all the benefits and importance of the 4

labors of production such as Land, Capital and Labor. When this occurs

efficiency is achieved and the cost of production decreases.

The decrease in the cost of production thereby gives rise to a corresponding increase in profit.

Read more on brainly.com/question/25487093

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Ian loaned his friend $30,000 to start a new business. He considers this loan to be an investment, and therefore requires his fr

xenn [34]

Answer:

Payment = Pmt(8%, 4, -30000) = $9,057.62

Interest Paid = Beginning amount * 8%

Principal paid = Payment - Interest Paid

End Balance = Beg Amount - Payment

Payment Beg Amount Payment Interest paid Principal paid End Balance

1 30,000 $9,057.62 2,400 6,657.64 23,342.38

2 23,342.38 $9,057.62 1,867.39 7,190.23 16,152.14

3 16,152.14 $9,057.62 1,292.12 7,765.45 8,386.69

4 8,366.39 $9,057.62 670.94 8,386.69 -

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3 years ago

The responsibility for evaluating new technologies, new ideas, and new capabilities and identifying those that are most relevant

Rasek [7]

The responsibility for evaluating new technologies, new ideas, and new capabilities and identifying those that are most relevant to the organization is typically assigned to the Chief technology officer (CTO)

The chief technology officer (CTO) is the highest technical leadership position within a company, leading the technical or engineering department. Create policies and procedures and use technology to improve our external customer-focused products and services.

The Chief Technology Officer (CTO) is the executive responsible for overseeing the entire IT department and integrating business needs and requirements into IT planning and operations. It's important to distinguish their role from that of the Chief Information Officer (CIO). The Chief Information Officer (CIO) role focuses on technology that internally guides an organization through the management of its infrastructure. The Chief Technology Officer has a job description focused on developing technologies for customer sales and the external growth of the company. The CTO and her CIO often combine their technical and engineering knowledge to work together for the benefit of the entire organization.

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5 0

2 years ago

____________ is best defined as a statistical procedure, which involves quantitatively pooling the data from a group of independ

Ludmilka [50]

The meta-analysis is the best represent as a statistical action, that which involves quantitatively pooling the data from a group of independent studies that have studied the same or similar clinical problems, by using the same or similar research methods.

3 0

3 years ago

Suppose that Italy and Sweden both produce rye and cheese. Italy's opportunity cost of producing a pound of cheese is 5 bushels

mars1129 [50]

Answer:

Italy has a comparative advantage in the production of cheese

Explanation:

Suppose that Italy and Sweden both produce rye and cheese.

Italy's opportunity cost of producing a pound of cheese is 5 bushels of rye while Sweden's opportunity cost of producing a pound of cheese is 10 bushels of rye.

By comparing the opportunity cost of producing cheese in the two countries, you can tell that Italy has a comparative advantage in the production of cheese because it has a lower opportunity cost (as a matter of fact half the cost) in comparison with Sweden.

Comparative advantage is an economic term that refers to an economy's ability to produce goods and services at a lower opportunity cost than that of trade partners

6 0

3 years ago

ohansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The

Elodia [21]

Answer:

The right solution is "$ 2.50 per DLH".

Explanation:

The given values are:

Rent,

= $ 15,000

Factor equipment's depreciation,

= $ 8,000