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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:

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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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That is it called when you give up something to have<br> something else

KengaRu [80]

When you have to give up one thing in order to get another this is called a <u>Tradeoff</u>.

<h3>Why do we have tradeoffs?</h3>

As a result of scarcity, the resources available to us are not enough for all our needs and wants.
We are forced to choose between needs and wants that will be satisfied.

Tradeoffs therefore lead to opportunity costs because we would be giving up the benefits of the alternative to the option we chose.

Find out more on tradeoffs at brainly.com/question/7072776.

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2 years ago

Why can a price discriminating monopolist be both more profitable and more efficient (i.e., produce greater net benefits for soc

STatiana [176]

Answer:

The Correct answer is "Because it supplies a higher quantity of output than a single price monopolist"

Explanation:

A cost segregating monopolist charges distinctive cost to various gathering of shoppers based on their capacity to pay, which empower it to create higher amount than a non-separating monopolist. Since it supplies a higher amount of yield than a solitary value monopolist.

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3 years ago

Read 2 more answers

What does sustainability refer to?a. the ability of a company to maintain high profits despite cutting pricesb. the ability of a

Veseljchak [2.6K]

Answer: Sustainability refers <u><em>to ability of a company to maintain high profits despite cutting prices</em></u>

It is defined as the procedure of individuals maintaining alteration in a harmonious surroundings, here the exploitation of commodities and resources, investments, technological development and organizational changes are in concord and heightens actual and forthcoming potential to meet needs and aspirations.

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3 years ago

Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the N

Virty [35]

Answer:

1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,400 helmets?

3,400 helmets x 064 kgs per helmet = 2,176 kgs

2. What is the standard materials cost allowed (SQ × SP) to make 3,400 helmets?

2,176 kgs x $7 per kg = $15,232

3. What is the materials spending variance?

$15,484 - $15,232 = $252 unfavorable (because total expenditures on materials were higher than budgeted)

4. What is the materials price variance and the materials quantity variance?

materials price variance = [($15,484/2,346) - $7] x 2,346 = -$938 favorable (the purchase price per kg was lower than budgeted)

materials quantity variance = (2,346 - 2,176) x $7 = $1,190 unfavorable

4 0

3 years ago

How are old telephone logs, payroll records, minutes of practice management meetings, and canceled checks categorized?

Y_Kistochka [10]

They are categorized by confidential documents. Confidential documents is where documents are being classified or the data is access classified in which the data is sensitive or private and can’t be accessed easily because of the sensitive content that it contains.

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3 years ago