Business, 12.03.2020 01:59 madleneinejessup
Which of the following is true of the cost of production under the rule of "ceteris paribus?" I. a firm produces goods by combining land, labor, natural resources and entrepreneurship. II. In the short run at least one factor of production is fixed. III. When one factor of production is fixed, the firm will experience marginal diminishing returns. IV. With good management, all costs of production can be controlled and the firm will always experience long run profits. IV only I only II and III II and IV I, II and IV I, II and III
Answers: 2
Business, 22.06.2019 18:50
)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs
Answers: 1
Business, 22.06.2019 20:20
Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.
Answers: 2
Business, 23.06.2019 01:30
Young owners of a sole proprietorship will likely not find financial support available from?
Answers: 2
Business, 23.06.2019 02:00
You are considering the purchase of one of two machines used in your manufacturing plant. machine 1 has a life of two years, costs $20,000 initially, and then $4,000 per year in maintenance costs. machine 2 costs $25,000 initially, has a life of three years, and requires $3,500 in annual maintenance costs. either machine must be replaced at the end of its life with an equivalent machine. using eac which is the better machine for the firm
Answers: 1
Which of the following is true of the cost of production under the rule of "ceteris paribus?" I. a f...
Social Studies, 10.12.2020 20:20
Law, 10.12.2020 20:20
Mathematics, 10.12.2020 20:20
Mathematics, 10.12.2020 20:20
Arts, 10.12.2020 20:20
Health, 10.12.2020 20:20
English, 10.12.2020 20:20
History, 10.12.2020 20:20
Mathematics, 10.12.2020 20:20