A shoe factory produces 20 units of output. its average fixed cost (afc) = $25, average total cost (atc) = $35, and marginal cost (mc) = $15. the shoe factory’s total variable cost is ________.

Answers

Answer 1

fine Ill actually help you

Answer:

$10

Explanation:

Data provided in the question

Number of units produced = 20 units

Average fixed cost = $25

Average total cost = $35

Marginal cost = $15

As we know that

Average total cost = Average fixed cost + average variable cost

$35 = $25 + average variable cost

So, the average variable cost is

= $35 - $25

= $10

The average total cost is the sum of average fixed cost and the average variable cost

fine Ill actually help you

A Shoe Factory Produces 20 Units Of Output. Its Average Fixed Cost (afc) = $25, Average Total Cost (atc)

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What are 3 reasons that globalization has increased the scale of trade?

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The 3 reasons that globalization has increased the scale of trade are, improved transportation, making global travel easier, and improved technology which makes it easier to communicate.

The most important causes of the globalization tend to differ among the three major components of the international market integration, which are trade, international finance, technology, and multinational production. Thus, it can be seen that the globalization has allowed society to enjoy many benefits.

However, the globalization is seen to be clearly contributing to increased integration of the labor as well as the trading markets and also by closing the wage gap between the workers. So, globalization is the growing interdependence of the world's cultures, economies, and populations, brought by the cross-border trade.

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a In a short response of 3-5 sentences, identify a common time-management pitfall that
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Note that Procrastination is my pitfall. To overcome it, I set specific deadlines for tasks, break large projects into smaller ones and prioritize them, and use reminders to stay on track. I also try to minimize distractions while working.

What is Procrastination?

Procrastination is the deliberate and unnecessary delay or postponement of something while knowing that doing so would result in negative repercussions.

It  is caused by a variety of factors, including poor self-esteem, worry, a lack of organization, and, simply, an inability to inspire oneself to do unpleasant chores.

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Why is the federal funds rate so influential?

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The federal funds rate is a major benchmark for borrowing and lending in the US economy.

It affects the nation's economic activity, as changes in the rate will impact the amount of money people and businesses have available to spend and invest. This, in turn, affects overall economic growth and stability. As the most important reference rate used by financial institutions, it is one of the primary factors used to determine the rate of interest paid on consumer and business loans. In this way, the federal funds rate has great influence over the entire economy.

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Why is free trade bad for developing countries?

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Free trade may have drawbacks such as -

the use of low-cost labor (lower wages and little to no social taxes),increased pollution from laxer regulations, and covert government subsidies, such as low-cost financing.Define the impact of free trade on developing nations?

Barriers to international trade, like tariffs and quotas, are eliminated or reduced as a result of trade liberalization. Lessening trade restrictions lowers the price of goods sold in importing nations.

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Activities causing overhead include all of the following:

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Activities causing overhead includes unit-level activities, batch-level activities, product-level activities and facility-level activities.

What is overhead?

In the business world, overhead or overhead charge refers to a regular cost of operating a business. Overhead costs, in contrast to operating costs like raw materials and personnel, are costs that are difficult to connect to or associate with any one revenue unit. Overheads cannot result in profits because they are not directly connected to the products or services being offered. Overheads are an essential part of total costs, along with direct labor and material expenditures. Overheads are usually associated with accounting concepts like fixed costs and indirect charges. Overhead expenses are all charges on the income statement other than direct labor, direct supply, and direct spending. They also include of the costs for accounting, advertising, insurance, interest, and legal services.

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Complete Question:

Activities causing overhead include which of the following: unit level facility, level selling level, batch level measurement of activities and determination of factors.

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An annual percentage rate, or APR, is a figure that expresses the entire cost of borrowing money as a proportion of the loan's principle. An accurate picture of how much it costs to borrow money is intended to be provided by the APR on a loan or credit card.

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The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, home loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge. An annual percentage rate, or APR, is a figure that expresses the entire cost of borrowing money as a proportion of the loan's principle. An accurate picture of how much it costs to borrow money is intended to be provided by the APR on a loan or credit card.

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What are the 3 credit score types?

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The credit score is the based on credit history then, number of open accounts, total levels of debt, repayment history, and other factors. Lenders use credit scores to evaluate the probability that an individual will repay loans in a timely manner.

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Through licensing, regulation, education, and enforcement, the California Department of Real Estate (DRE) aims to protect and advance the public interest in real estate concerns.

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Mortgage-backed securities are an example of derivative securities. A derivative security is a financial instrument whose value is determined by another asset's value. Futures, forwards, options, and swaps are the four primary forms of derivatives.

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Which one is the factor that must be considered in identifying the goods or services to produce?

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Answer:

Factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

How are aquatic ecosystems affected by excess phosphorus?

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Dying and unsightly growth of algae and aquatic plants can also clog inlet pipes, impeding navigation and reducing the aesthetic and recreational value of aquatic ecosystems. , fish death may occur.

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The adjustment for the underapplied overhead increases net income.

What is underapplied overhead?

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Debt is compared to GDP because a country's ability to pay off its debt is based on its level of productivity.

How come the debt to GDP ratio is used?

By comparing what a country owes with what it produces, the debt-to-GDP ratio effectively predicts how well it will be able to pay off its debts. Alternatively, this ratio, which is commonly expressed as a percentage, can be regarded as the number of years needed to pay off debt if GDP were entirely dedicated to debt repayment.

The ability of a nation to repay its debt depends on its level of productivity, which is why debt and GDP are contrasted. If the government runs a budget deficit and uses the extra funds to purchase productive assets and the assets' return is high enough, the economy will gain from this strategy.

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Utopian visions frequently result from a dislike of the present quo and depict the general traits of an ideal society. The ideal state of society has been discussed by many great minds throughout the development of human civilization.

Sometimes described as "reality transcending," utopian visions (Kumar, 1987, 1991). They are crucial in fostering optimism and providing people with a sense of purpose. However, they run the risk of misleading when their designers overstate the likelihood of quick and beneficial society changes. The members of the society are united by a leader or idea, but they are not viewed as a single group. Individual thought is fully free for all citizens.

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Which best describes the role of a consumer?
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B) making products
C) providing products
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A) buying goods in case no one knows

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Answers

Trading with other countries can bring many benefits to a country. For example, it can help to diversify the sources of goods and services available within the country, increase competition and help to drive innovation and productivity, lead to lower prices and higher wages, as well as stimulate economic growth.

This can in turn lead to more jobs and a better standard of living for citizens.A detailed example of a country benefiting from trade is China. Due to its large population and export-driven economy, China has been able to build on its comparative advantage in the global trading system and become one of the world’s leading economies. Since the beginning of economic reforms in 1979, China’s total exports have grown exponentially, amounting.

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when do they stop selling lottery tickets in texas

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On the day of the drawing, the Texas Lottery stops selling all lottery tickets at 10:00 pm Central Time (11:00 p.m. Eastern Time). You are always free to cease purchasing lottery tickets.

There is no cost associated with playing the Texas Lottery, and participation is entirely voluntary.  For Scratch-off tickets, we can see differences in cutoff time according to the game.

Some scratch-off games, there can be an earlier cut-off of 8 pm. I can be clearer when u check the specific game you are trying to purchase.

The Powerball tickets will be sold before 10 pm central time which is one hour before the draw. Draws take place on Wednesday and Saturday of the week at 10.59 pm Central time.

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Step 1:Find a market news event. Scan the news for an article from within the last week about a good or service that interests you. Read thearticle and determine which is affected: supply or demand.Step 2:Create your graph

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Market news covers a wide range of topics, including economic trends, geopolitical events, financial developments, and sector-specific news. It also includes analysis of the current market and industry forecasts, as well as commentary from financial experts.

What is a Current Market?

A current market is a market in which goods, services, and financial assets are bought and sold at the current price. It is usually a real-time market in which prices are constantly changing and traders can buy and sell quickly to take advantage of price movements.In the financial markets, current market prices are determined by the forces of supply and demand. When supply exceeds demand, prices tend to fall. Conversely, when demand exceeds supply, prices tend to rise.

What are the steps to create an news event related to related to goods and service using graph?

The market news event I chose is the recent rise in the price of gold. According to a recent article in Reuters, the price of gold has risen due to an increase in demand, particularly in Asia. This has caused a decrease in the supply of gold, resulting in an increase in the price of gold.

This would be represented on a graph as follows:

Demand (Y-Axis)

Increase

Supply (X-Axis)

Decrease

The graph would show an upward trend, indicating that as the demand for gold increases, the supply decreases and the price increases.

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What is an example of a secondary consumer?

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Examples of secondary consumers include fish, wolves, bears, and other creatures. In particular, omnivores and carnivores are heterotrophs that they are.

What are the secondary consumers?

The primarily consumed by herbivores (vegetarians). Animals known as carnivores are the secondary consumers since they eat the prime consumers (meat eaters). Usually more significant and few in number, secondary consumers. This is still the case all the way up the food chain. The heterotrophs that they are in particular include omnivores and carnivores. Animals are the only source of sustenance for carnivores. Omnivores eat both plant life and animal food. Small carnivores that primarily hunt on herbivores are known as "secondary consumers." Frogs come to mind. Tertiary consumers are huge carnivores that feed mostly on secondary consumers. an example would be birds.

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What is an opportunity cost Mcq with answers?

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Opportunity cost is defined as the cost of losing the next best alternative. It represents the sacrifices people have to make due to lack of resources.

Resources are limited, but desires are limitless, so choices must be made.

Opportunity cost refers to what you have to give up to buy what you want in other goods and services. When economists use the word cost, they usually mean opportunity cost. The word “expenses” is often used in everyday conversation and news.

Opportunity cost is the value of what you lose by choosing between two or more options. Every choice has trade-offs, and opportunity cost is the potential gain missed by choosing one direction over another.

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What factors affect loan interest rate?

Answers

Each form of loan has a different interest rate, which is determined by the factors like loan's credit risk, term, tax implications, and convertibility.

The availability of funds from lenders and the demand from borrowers are the main determinants of how interest rates change. As an example, let's look at the mortgage industry. Banks must have money on hand to lend during a time when many individuals are borrowing money to purchase homes.

When setting interest rates, lenders take your credit score, payment history, and the state of the economy into account. Generally speaking, the lower interest rates you might anticipate depend on your credit score. However, loan-specific considerations like the repayment schedule also come into play.

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What are the 4 factors you need to consider when financing a car?

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Before you sign on the dotted line, you should think about the four components of a car loan—loan charges, interest rate, down payment, and terms—as well as most financing in general.

When financing a car, what are the banks looking for?

Regardless of the kind of vehicle finance you select, the lender will consider a number of factors before making you an offer. On this, you may rely: In order to establish whether you qualify and the interest rate you will be charged, the lender will assess your credit history and examine your level of debt. Keep demands for your credit score needless. Cash flow management is one of the most crucial (and obvious) facets of personal finance. It all comes down to how much money is being invested and where it is being spent. Before you can accomplish anything else with your money, it's imperative to have your cash flow under control.

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Professional trade organizations, classes/seminars, trade shows, and trade publications are used by businesses to
answer choices
appeal to the general public.
determine quantities to buy.
obtain up-to-date information about the industry.
set up an operating budget

Answers

To Obtain up-to-date information about the industry, business can use Professional trade organizations. Business also can use  classes/seminars, trade shows, and trade publications, so the correct option is C.

In economy and business, Professional and trade associations generally can be defined as membership organizations, usually nonprofit, that serve the interests of members who share a common field of activity. Professional association also called as professional society, professional body, and also professional organization. Professional association has a function to seeks to  the interests of individuals and organizations engaged in that profession, further a particular profession, and the public interest.

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Are savings accounts best used for long term goals?

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Yes, Long-term savings accounts allow you to benefit from compound interest and are typically appropriate for objectives that are many months or years away.

The more time you have to put money aside and let interest accumulate, the more it will increase. Long-term goals are set at least five years in the future, whereas short-term goals are within a five-year time frame. For short-term objectives, CDs, money market accounts, and standard savings accounts are best. In order to be able to weather performance changes, investing is typically only done for long-term objectives.

A word here regarding account selection first: The overwhelming majority of long-term objectives concern retirement, therefore you ought to invest in a tax-advantaged account. That would be an IRA or Roth IRA, or a 401(k), if your employer provides one with matching funds.

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The IBC test will be your spring final exam yes or no

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Answer: yes it will be

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