Use Scenario 2.6 to solve this riddle. For what range of output is the General-Purpose Equipment the low-cost option?
A) 0-30,000 units per year
B) 30,000 or more units per year
C) 40,000 or more units per year
D) 0-40,000 units per year
A
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Answer the following statements true (T) or false (F)
1.When transportation costs are added to our trade model, the degree of specialization in production between two countries increases, as do the gains from trade. 2.In the absence of transportation costs, free trade results in the equalization of the prices of traded goods, as well as resource prices, in the trading nations. 3.In industries where the final product is much less weighty or bulky than the materials from which it is made, firms tend to locate production near resource supplies. 4.Industrial processes that add weight or bulk to a commodity are likely to be located near the resource market to minimize transportation costs. 5.A product will be traded only if the cost of transporting it between nations is less than the pretrade difference between their relative product prices.
The direct materials standards for the main product of Duchess Company are 8 grams of direct materials per product at a cost of $3 per gram. During April, 974 grams of direct materials were used to produce 120 products at a direct materials cost of $2,900 . The direct materials quantity variance for April was
a. $72 (U). b. $92 (U). c. $42 (U). d. $112 (F).
___________laws require that each driver involved in an automobile accident, regardless of fault, provide proof of financial accountability
Fill in the blank(s) with correct word
Public relations materials include which of the following?
A. Logos B. Business cards C. Stationery D. Newsletters E. Signs