Total costs and total costs per unit equal:$1,750,000 and $35.
What is total cost?Total cost, as used in economics, is the least expensive way to produce a certain amount of output.
The variable cost is represented by the letters Lw, where L stands for labor usage and w for the per-unit cost, or wage rate. As a result, total cost (TC) is the sum of fixed cost (FC) and variable cost (VC), or Kr + Lw = TC = FC + VC.
The sum of the fixed and variable costs is the total cost. For instance, if a company has a fixed cost per unit of $30 and a variable cost per unit of $5 that increases as output increases, the total cost will be $35.
Both total fixed costs and total variable costs are included in total costs. The total of a company's fixed costs is the sum of all recurring, non-variable costs. Consider a business that pays $10,000 a month to lease office space, $5,000 a month to rent equipment, and $1,000 a month for utilities.
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explain why accounting is important to business stakeholders
Answer:
the purpose of accounting is to help stakeholders make better business decisions by providing them with financial information.
The economic principle which states that the quantity of a good or service that consumers will buy varies inversely with the price of the good or service is known as the.
It is known as The law of Demand.
Demand law states that the quantity purchased varies inversely with price. In other words, when the price rises, the amount demanded drops. This occurs as a result of falling marginal utility.
Customers will desire fewer units of an item at a greater price, in accordance with the law of demand, which is a cornerstone of economics.
Demand is determined by the concept of decreasing marginal utility, which holds that consumers use economic goods to initially satisfy their most urgent needs.
These limitless needs are the focus of the law of demand. In their economic behavior, individuals naturally prioritize more urgent demands and requirements over less urgent ones, and this pattern extends to how they pick among the limited resources at their disposal.
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True or false: All employees make an impact on a business.
5 points
True; all employees make a positive impact on a business
True; all employees make either a positive or negative impact on a business
False; only managers and supervisors make an impact on a business
False; only executives and board members make an impact on a business
Answer:
true; all employees make either a positive or negative impact on a business
Explanation:
When fire alarm sounds. Why should you evacuate children immediately even if you do not see flames?
Answer: because even if there is no fire there could be an explosion, fire and gasoline WILL make an explosion. So Basically it can start with fire but soon turn into an explosion. If it's a fire DRILL then it's for practice if that actually does happen.
Assume the materials cost to produce 1,000 units was $390,000. what would the materials cost be per unit and in total to produce 2,000 units?
The cost per unit is $390.
The total cost of producing 2,000 units is $780,000.
What is the total cost?The cost per unit is known as the average cost of production. In order to determine average cost, divide the total cost by the total unit produced.
Average cost = total cost / total unit
$390,000 /1000 = $390
The total cost of producing 2000 units = average cost x number of units
$390 x 2000 = $780,000
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when an owner of an asset sells it and immediately rents it from the new owner, the transaction is called a
The transaction in which an owner of an asset sells it and immediately rents it back from the new owner is called a sale and leaseback transaction.
In this type of transaction, the seller of the asset (the original owner) sells it to a buyer and simultaneously leases it back from the buyer. The leaseback agreement typically includes terms such as the rental payment, duration of the lease, and any maintenance or repair responsibilities.
The seller benefits from the transaction by receiving cash from the sale of the asset, which can be used for other purposes, while still retaining the use of the asset through the leaseback agreement. The buyer benefits from the transaction by acquiring an asset that generates rental income, with the potential for capital gains upon the eventual sale of the asset.
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five years ago, cleanenergy corporation issued an 12% coupon per year (paid semi-annually), 25-year, aa-rated bond at its par value of $1000. currently, the annual yield to maturity (apr) on these bonds is 10%. what is the current price per bond?
The current price per bond is $12,732.95.
To calculate the current price of the bond, we need to calculate its present value, which is the value of all the future coupon payments and the return of the par value, discounted by the yield to maturity.
First, let's calculate the semi-annual coupon payment: \($1000 * 12% = $120\)
Next, we need to find the present value of each coupon payment and the return of the par value. To do this, we need to know the semi-annual discount factor, which is calculated as follows:
\(discount factor = 1 / (1 + yield to maturity / 2)^(number of periods)\)
where the number of periods is the number of semi-annual periods in the bond's life, which is 25 years * 2 = 50.
discount factor =\(1 / (1 + 10% / 2)^50 = 0.486\)
The present value of each coupon payment is the coupon payment divided by the discount factor: $120 / 0.486 = $246.41
And the present value of the return of the par value is the par value divided by the discount factor: $1000 / 0.486 = $2049.59
Finally, we add up the present value of all 50 semi-annual coupon payments and the present value of the return of the par value to get the current price of the bond: \($246.41 * 50 + $2049.59 = $12,732.95\)
So, the current price per bond is $12,732.95.
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finance managers spend the majority of their time managing multiple choice equity financing. long-term financial needs. cash flow. short-term financial needs.
Finance managers spend the majority of their time handling long-term financial needs.
Financial management is the business function dealing with profitability, expenses, cash, and credit in order for the "organization to have the resources to carry out its aim as satisfactorily as feasible," with the latter commonly described as maximizing the firm's value for stockholders.
Financial managers (FM) are specialist experts who report directly to senior management, typically the financial director (FD); the function is viewed as 'Staff' rather than 'Line.' Financial management is primarily focused with short-term working capital management, with an emphasis on current assets and current obligations, as well as managing variations in foreign currency and product cycles, which is often accomplished through hedging. The function also includes the efficient and effective handling of funds on a daily basis.
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Write a statement that performs the desired action. assume the list house_prices = ['$140,000', '$550,000', '$480,000'] exists.
To perform the desired action, which is to remove the dollar sign ($) and the comma (,) from each element in the list "house_prices", you can use a combination of string methods and list comprehension.
```python # Initialize the list of house prices house_prices = ['$140,000', '$550,000', '$480,000'] # Use list comprehension to remove the dollar sign and comma from each element clean_prices = [price.replace('$', '').replace(',', '') for price in house_prices] # Print the clean prices print(clean_prices)```
1. First, we initialize the list of house prices with the given values: `house_prices = ['$140,000', '$550,000', '$480,000']`.
2. Then, we use list comprehension to iterate over each element in the `house_prices` list.3. For each element, we use the `replace()` method to remove the dollar sign (`$`) and comma (`,`) by replacing them with an empty string (`''`).
4. The resulting clean prices are stored in a new list called `clean_prices`.5. Finally, we print the clean prices using the `print()` function.
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The boston consulting group (bcg) business portfolio analysis requires an organization to locate the position of each of its sbus on a growth-share matrix. the horizontal axis is the:_______
The horizontal axis on the growth-share matrix in the Boston Consulting Group (BCG) business portfolio analysis represents the market growth rate.
The market growth rate is a measure of how fast the industry or market in which the strategic business unit (SBU) operates is growing. It indicates the potential for future market expansion and the opportunities available in the industry.
The market growth rate is typically measured as a percentage and reflects the annual growth rate of the total market size or market demand for the products or services offered by the SBU. It helps in evaluating the attractiveness and potential of different markets.
On the growth-share matrix, the horizontal axis ranges from low to high market growth rates. SBUs are positioned along this axis based on the market growth rate to determine their relative growth potential and future investment requirements.
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Devon was surprised that his pay check was less than he had expected. His
paycheck was reduced because
had been withheld by his employer.
OA. incentives
B. commissions
C. gross pay
OD. deductions
The answer is C. Gross pay. Devon's paycheck was reduced because it had been withheld by his employer as gross payment.
"Gross pay" mean?Before any taxes, benefits, or other payroll deductions are done , an employee's gross salary is what they are paid. Net pay, often known as take-home pay, is the amount that is given after all withholdings have been taken into consideration.
Calculate my gross pay?Start by determining the total amount need for each pay period in order to see an employee's gross compensation. Hourly workers multiply their total hours worked by their hourly rate, plus any overtime. Employees on a salary split their yearly earnings by the number of pay periods.
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moreover, dunn and bradstreet found that 20 to 25 percent of all outsourcing relationships fail within and nearly half fail within years. this implies that the likelihood of incurring these expenses again, or experiencing costs associated with reinternalizing an outsourced activity, is . another critical financial consideration with outsourcing is the impact on the .
According to research by Dunn & Bradstreet, 20 to 25 percent of all outsourcing relationships end in failure after two years, and almost half do so after five.
This suggests that there is a strong possibility that similar costs will be incurred again, as well as expenditures related to re-internalizing an outsourced operation. The effect on the internal workforce when outsourcing is a crucial financial factor.
This outsourcing model focuses on how the customer and their third-party supplier handle both ownership and accountability during the course of the collaboration.
Because another organization can complete these minor jobs more effectively than the company itself, outsourcing non-core operations can increase productivity and efficiency. Additionally, this approach may boost industry competition, shorten turnaround times, and reduce overall operating costs.
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Does the United States have a crime "problem" compared to other advanced and industrialized nations? Why or why not?
Why are the definitions of crime and criminal behavior critically important to political entities? Explain.
Assessing whether the United States has a crime "problem" compared to other advanced and industrialized nations is a complex matter that requires careful analysis and consideration of various factors. It is essential to recognize that crime rates and their comparison can be influenced by numerous socio-economic, cultural, and demographic factors.
Here are some points to consider:
Crime Rates: When evaluating crime levels, it is crucial to examine various crime indicators, such as violent crime rates, property crime rates, or specific types of offenses. Comparative analysis should consider the specific types of crimes and the frequency at which they occur.
Data and Reporting: Comparing crime rates across nations can be challenging due to differences in reporting practices, data collection methodologies, and legal definitions. Variations in crime reporting and recording practices can affect the accuracy and comparability of crime statistics.
Socio-economic Factors: Crime rates are influenced by socio-economic factors such as poverty, income inequality, unemployment rates, educational attainment, and social welfare systems. These factors can vary among countries and have an impact on crime levels.
Cultural and Demographic Differences: Cultural and demographic factors, including population density, diversity, social norms, and attitudes towards crime, can also affect crime rates. These factors can differ significantly among nations, leading to variations in crime levels.
Regarding the definitions of crime and criminal behavior, they are critically important to political entities for several reasons:
Legal Framework: Definitions of crime form the foundation of a country's legal system. They define what actions are considered unlawful and provide guidelines for law enforcement, the judiciary, and the criminal justice system to identify, prosecute, and punish offenders.
Consistency and Fairness: Clear and precise definitions of crime ensure consistency and fairness in the application of laws. It helps prevent arbitrary or discriminatory enforcement and ensures equal treatment under the law.
Public Safety and Order: Defining criminal behavior helps protect public safety and maintain social order. By identifying and categorizing certain behaviors as crimes, governments can establish rules and regulations that help deter individuals from engaging in harmful actions and protect citizens from harm.
Resource Allocation: Accurate definitions of crime assist in resource allocation for law enforcement, judicial processes, and correctional systems. It enables governments to focus their efforts and resources on combating specific types of criminal behavior based on their severity and impact on society.
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Payroll deductions are the same for all employees.
Answer:
no it depends the age and how good u are at your job.
Explanation:
TRUE OR FALSE? Please help
Compound interest includes interest only on the principle balance
What policy should the government adopt for the promotion of large scale industries?
Answer:
britain
Explanation:
if u had a choice would you help have dying family member of be a multi-millionaire
Answer:
Yes i would help them... its the better thing to do...
Explanation:
Answer and Explanation:
Yes. I'd help them.
The following paragraph explains the roles of the board with regard to the Shareholders. Carefully read the paragraph and then answer the questions that follows: "Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The responsibilities of the board include: • setting the company’s strategic aims, • providing the leadership to put them into effect, • supervising the management of the business and • reporting to shareholders on their stewardship The shareholders’ role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place. 1.1 Do you think the statement that the "board of directors is responsible for the governance of their companies" is correct? Motivate your answer. (5) 1.2 One of the key roles of the board is to report to shareholders on their stewardship. What does this mean and how can the board ensure that it performs this function effectively? (5) 1.3 List at least five issues on which the board should report to shareholders. (5) 1.4 Why is it important for the shareholders to be responsible for the appointment of auditors and directors? ` (5)
CORPORATE GOVERNANCE
1.1 Yes, the statement that the "board of directors is responsible for the governance of their companies" is correct
1.2 By reporting to shareholders, the board can demonstrate transparency, accountability, and ensure that shareholders are well-informed about the board's stewardship of the company.
1.3 Some of the issues that the board should report to shareholders are financial performance, corporate strategy, executive compensation, risk management and succession planning.
1.4 By being responsible for the appointment of auditors and directors, shareholders can ensure the integrity of the company's financial reporting, hold management accountable, and protect their own interests.
1.1 Yes, the statement that the "board of directors is responsible for the governance of their companies" is correct. The board of directors is tasked with making important decisions and overseeing the overall direction and performance of the company. They have the responsibility to ensure that the company is managed effectively and in the best interests of the shareholders and other stakeholders.
To motivate this answer, we can consider the following points:
- The board of directors is legally and ethically responsible for the company's actions and decisions.
- They are accountable to the shareholders and must act in their best interests.
- The board sets the strategic goals and direction of the company.
- They hire and oversee the performance of the executive management team.
- They establish and enforce corporate policies and procedures.
1.2 Reporting to shareholders on their stewardship means that the board of directors provides regular updates and information to the shareholders regarding their management and oversight of the company. It includes communicating how the board has fulfilled its responsibilities and acted in the best interests of the shareholders.
To ensure effective performance of this function, the board can:
- Prepare clear and transparent reports that provide a comprehensive summary of their activities, decisions, and outcomes.
- Use financial statements, annual reports, and other communication channels to inform shareholders about the company's performance, risks, and future plans.
- Establish regular communication channels with shareholders, such as investor meetings or online platforms, to address any concerns or questions.
- Seek feedback and input from shareholders to improve governance practices and meet their expectations.
- Ensure that the reports are easily understandable and accessible to shareholders of diverse backgrounds and knowledge levels.
1.3 The board should report to shareholders on various issues, including:
- Financial performance and results, such as revenues, profits, and expenses.
- Corporate strategy and long-term goals.
- Executive compensation and incentive plans.
- Risk management and mitigation strategies.
- Compliance with legal and regulatory requirements.
- Board composition and governance structure.
- Major business initiatives and investments.
- Shareholder engagement activities.
- Corporate social responsibility initiatives.
- Succession planning for key executive positions.
1.4 It is important for shareholders to be responsible for the appointment of auditors and directors for several reasons:
- Independence and objectivity: Shareholders have a vested interest in ensuring that auditors and directors are independent and objective in their assessments and decisions. By appointing them, shareholders can have confidence that their interests are protected and that the company's financial statements are reliable.
- Accountability: Shareholders have the power to hold auditors and directors accountable for their actions and decisions. By appointing them, shareholders can ensure that the individuals chosen have the necessary skills, qualifications, and integrity to fulfill their roles effectively.
- Alignment of interests: Shareholders appoint auditors and directors who they believe will act in their best interests and work towards maximizing shareholder value. This helps align the incentives and goals of the company's management with those of the shareholders.
- Oversight: Shareholders have the authority to change auditors or directors if they believe their performance is unsatisfactory. This oversight ensures that the company's governance is effective and that the interests of the shareholders are protected.
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I NEED EXAMPLE PLEASE -Select a product or service for which you will create a marketing plan. You will use the same product for all 4 phases of the marketing plan. PRODUCT BACKGROUND (5 points)
Provide background information on the product such as its purpose, uses and the needs that it fulfills – functional and psychological and its position in the market place vs. its competitors.
PRODUCT HISTORY (5 points)
Provide historical information on the company and product.
CURRENT MARKETING STRATEGY (65 points)
Target market
5 points
Describe the primary consumer of your product.
Product
15 points
Compare your product’s features with those of the top 2 competitors. Discuss unique elements that help to distinguish your product from its competitors.
Evaluate and compare the different brands, sizes, packaging, quantities, and features.
Compare the packages for your product and its top 2 competitors. Discuss the unique visuals and messages found on your product that help to distinguish it from the competitors and represent the quality of the product.
Price
15 points
Compare pricing for the products in this category. Determine a price per unit comparison (create a table or spreadsheet to illustrate, if helpful)
Place
15 points
Evaluate the retail channels and retailers that the product is sold through. Discuss how the product placement within the store affects sales and customer perception.
Promotion
15 points
Identify the different types of media used to advertise your product. Evaluate the messages used in the advertisements and discuss their effectiveness is making consumers buy the product. Evaluate messaging specific to your product.
For this marketing plan, let's select a product: a smartphone. A smartphone is a versatile product that fulfills functional and psychological needs. Understanding the target market, product features, pricing, place of sale, and promotional strategies are essential for creating an effective marketing plan.
Product Background:
A smartphone is a mobile device that fulfills both functional and psychological needs. Its primary purpose is to provide communication, but it also serves as a tool for entertainment, productivity, and accessing the internet. It meets the needs of staying connected, being efficient, and staying entertained.
Product History:
Smartphones have evolved over time, starting from basic mobile phones. With advancements in technology, companies entered the market and revolutionized smartphones. These companies have a strong presence and brand recognition in the market.
Current Marketing Strategy:
1. Target Market:
The primary consumers of smartphones are tech-savvy individuals, professionals, and students who value connectivity, productivity, and entertainment on the go.
2. Product:
Comparing features with competitors, it's important to evaluate brands, sizes, packaging, quantities, and features. Unique elements of each brand help distinguish them. Ap-ple's iOS and ecosystem, and Sa-msung's display technology and customization options differentiate them.
3. Price:
Pricing for smartphones varies depending on the brand, model, and features. A price-per-unit comparison can be created to analyze different price points and determine the value offered.
4. Place:
Smartphones are sold through various retail channels, including physical stores, online platforms, and carrier stores. Product placement within the store affects sales and customer perception. For example, having a prominent display or dedicated sections can attract more customers.
5. Promotion:
Different types of media, such as TV, online ads, and social media, are used to advertise smartphones. The messages used in advertisements highlight the features, capabilities, and benefits of the product. The effectiveness of these messages in driving consumer purchases can be evaluated.
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How can discussions,projects,campaigns and events support victims of xenophobia
Answer: They can raise awareness
Explanation:
Xenophobic victims have been through a lot of discrimination, hatred, physical abuse in most scenario. What most of them need in most cases are encouragement, opportunities to help them better.
Any project, campaign and event done would also raise awareness to those discriminating against them to understand that there is no need for that, most times some of this programs are for raising the awareness and when these awareness are raised they help the sanity of the environment where this xenophobic activities happen previously.
Which of the following is not part of the customer journey as a described in the textbook?
a. how a customer becomes aware of a brand
b. makes an initial purchase
c. migrates up the Loyalty Ladder
d.generates a web of equity
e.all of the options are part of the customer journey
"d. generates a web of equity" is not part of the customer journey as a described in the textbook.
The concept of "generates a web of equity" is not typically mentioned or discussed as part of the customer journey in the context of the textbook. The customer journey typically focuses on the stages or steps that a customer goes through from the initial awareness of a brand to making a purchase and potentially becoming a loyal customer.
It includes how a customer becomes aware of a brand, makes an initial purchase, and migrates up the Loyalty Ladder, which refers to the process of building stronger and more loyal relationships with the brand. "Generates a web of equity" is not a commonly used term or concept in the customer journey framework, and thus it is the option that is not part of the customer journey as described in the textbook.
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Sirius Cybernetics Corp. produces touch-enabled wearable devices. Its research and development team recently became aware of a new, open-source technology produced by a firm overseas that would improve the processing speed and battery life of all Sirius Cybernetics devices. In this scenario, Sirius Cybernetics would be best served to embrace
A. open innovation.
B. closed innovation.
C. disruptive innovation.
D. radical innovation.
In the given situation, Sirius Cybernetics should be best served as the open innovation.
The information related to open innovation should be as follows:
The motive of using the inflows and outflow of the knowledge in order to accelerate internal innovation.It is also be used for diversifying the market for innovation purposes.It is for promotion purposes with respect to innovation & the awareness of the new and open technology source.It cannot be a closed innovation, disruptive innovation, and radical innovation.
Therefore we can conclude that Sirius Cybernetics should be best served as open innovation.
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Sam and Christine both run their own lawn care businesses. Sam can mow a lawn in 30 minutes and trim a lawn in 20 minutes: Christine can mow a lawn in 20 minutes and trim a lawn in 20 minutes
Who has absolute and comparative advantage in trimming lawns?
А
Sam has comparative advantage in trimming lawns; no one has absolute advantage in trimming lawns.
B
Christine has comparative advantage in trimming lawns; no one has absolute advantage in trimming lawns.
С
Christine has absolute and comparative advantage in trimming lawns.
D
Sam has absolute and comparative advantage in trimming lawns.
Sam and Christine are both in the lawn care business, with their own lawns and customers.Christine has absolute and comparative advantage in trimming lawns.
Sam can mow a lawn in 30 minutes and trim a lawn in 20 minutes, while Christine can mow a lawn in 20 minutes and trim a lawn in 20 minutes. The key to this problem is to know how to convert minutes into hours. Once you have converted the time into hours, it's easy to figure out who has the faster work time. You may use these terms while writing the answer:Time, Minutes, Lawn care, Mowing, Trimming, Business, Speed.Conversion: Sam mows a lawn in 30 minutes, so in one hour, he can mow two lawns. To convert 30 minutes into hours, we divide 30 by 60, which is equal to 0.5 hours. Sam can mow 2 lawns per hour, which means he can mow 1 lawn in 0.5 hours and trim 1 lawn in 0.33 hours.Christine mows a lawn in 20 minutes, so in one hour, she can mow three lawns. To convert 20 minutes into hours, we divide 20 by 60, which is equal to 0.33 hours. Christine can mow 3 lawns per hour, which means she can mow 1 lawn in 0.33 hours and trim 1 lawn in 0.33 hours.Summary: Sam can mow and trim one lawn in 0.83 hours (0.5 + 0.33), while Christine can do it in 0.67 hours (0.33 + 0.33). Therefore, Christine is faster than Sam at lawn care. Christine can do the work in 0.67 hours, while Sam can do it in 0.83 hours.
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Yancey Productions is a film studio that uses a job-order costing system. The company's direct materials consist of items such as costumes and props. Its direct labor includes each film's actors, directors, and extras. The company's overhead costs include items such as utilities, depreciation of equipment, senior management salaries, and wages of maintenance workers. Yancey applies its overhead cost to films based on direct labor-dollars. At the beginning of the year, Yancey made the following estimates: Required: 1. Compute the predetermined overhead rate. 2. During the year, Yancey produced a film titled You Can Say That Again that incurred the following costs: Compute the total job cost for this particular film.
Yancey Productions, a film studio, utilizes a job-order costing system for its operations. The company incurs direct materials costs for items like costumes and props, direct labor costs for actors, directors, and extras, and overhead costs for utilities, equipment depreciation, management salaries, and maintenance wages. Yancey applies its overhead costs to films based on direct labor-dollars.
To compute the predetermined overhead rate, Yancey Productions needs to estimate its total overhead costs and divide them by the estimated total direct labor-dollars. The predetermined overhead rate is used to allocate overhead costs to specific jobs. It allows Yancey to apply overhead costs to films based on the amount of direct labor-dollars incurred in each film.
To compute the total job cost for the film "You Can Say That Again," the direct materials, direct labor, and applied overhead costs need to be added together. The direct materials cost includes items such as costumes and props used in the film. The direct labor cost comprises the wages of actors, directors, and extras involved in the production. The applied overhead cost is calculated by multiplying the predetermined overhead rate by the actual direct labor-dollars incurred for the film.
By summing up these three components, Yancey can determine the total job cost for the film "You Can Say That Again." This cost figure provides valuable information for financial analysis, budgeting, and decision-making purposes within the film production process.
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how would Americans cover a $400 emergency? personal finance answers
Answer: Sixty-eight percent of all adults said they would have covered the expense exclusively using cash, savings or a credit card paid off at the next statement. One in 9 even reported they wouldn't be able to cover a $400 emergency expense whatsoever
Explanation:
What is his overall message to marketers?
Bellandro Brewery recently became certified as an ISO 14001 company. Which of the following criteria would decision makers evaluate for this award?
Answer:
environmental improvement plans at the brewery
Explanation:
what is the importance of market management
Answer:
it helps to stand competent in highly thriving competition in the market.
Explanation:
Please give me a 1 star if I'm wrong
Answer:
Marketing management is of importance as it helps to stand competent in highly thriving competition in the market. This also helps to develop strategies to improve profits and reduce the cost of products. Marketing management has become the major source of exchange and transfer of goods.
Explanation:
Hope it helps :)
Product ABC has a contribution margin per unit of $10.00. Each unit of ABC requires 5 minutes of machine time. Product XYZ has a contribution margin per unit of $15.00 and each unit requires 10 minutes of machine time. If the company's constraint is machine hours, to maximize profit, they should first fill the demand for____.
Answer:
Product ABC
Explanation:
Calculation to determine the maximize profit, they should first fill the demand for if the company's constraint is machine hours.
Product ABC's CM per unit= $10/5 minutes
Product ABC's CM per unit=$2 per minute of machine time
Product XYZ's CM per unit=$15/10 minutes
Product XYZ's CM per unit= $1.50 per minute of machine time
Therefore If the company's constraint is machine hours, to maximize profit, they should first fill the demand for PRODUCT ABC because it has the HIGHEST CM PER UNIT.
as the size of a tax rises, the deadweight loss a. rises, and tax revenue first rises, then falls. b. rises as does tax revenue. c. falls as does tax revenue. d. falls, and tax revenue first rises, then falls.
As taxes increase, the deadweight loss from the tax increases. In fact, as taxes increase, the deadweight loss rises greater rapidly than the dimension of the tax.
What motives deadweight loss to increase?Deadweight losses particularly occur from an inefficient allocation of resources, created by using a range of interventions, such as fee ceilings, charge floors, monopolies, and taxes. These factors lead to the charge of a product now not being precisely reflected, meaning items are both overestimated or undervalued.
What does deadweight loss of tax depends on?Deadweight loss of taxation measures the ordinary economic loss precipitated by means of a new tax on a product or service. It analyses the limit in production and the decline in demand brought on through the imposition of a tax. It is a lost possibility cost.
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