Afirm faces the following costs. its total cost of capital = $1,000; its price paid for labor = $12 per labor unit; and its price paid for raw materials = $4 per raw-material unit.

a. suppose the firm can produce 5,000 units of output this year by combining its fixed capital with 100 units of labor and 450 units of raw materials. what are the total cost and average total cost of producing the 5,000 units of output?

b. now assume the firm improves its production process so that it can produce 6,000 units of output this year by combining its fixed capital with 100 units of

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

In macroeconomics, to study the aggregate means to study blank