A factory currently manufactures and sells 800 boats per year. Each boat costs $5,000 to produce. $4,000 of the per-boat costs are for materials and other variable costs, while the per-boat fixed costs (incurred on yearly rent, administrative, and other fixed costs) are $1,000. If boat orders increase to 1000 boats per year, how do per-unit costs change?(A) Variable costs fall to $3,200 per boat and fixed costs fall to $800 per boat(B) Variable costs are unchanged at $4,000 per boat and fixed costs fall to $800 per boat(C) Variable costs are unchanged at $4,000 per boat and fixed costs are unchanged at $1,000 per boat(D) Variable costs rise to $5,000 per boat and fixed costs are unchanged at $1,000 per boat

Answers

Answer 1

Answer:

Answer:

Explanation:

Variable costs are incurred only when a boat is manufactured such as material and direct labor. Thus variable costs will remain unchanged since it will costs the exact same amount to manufacture another identical boat. If it costs $4,000 in material and direct labor to manufacture boat A it will cost $4,000 to manufacture boat B. Fixed costs are sunk costs that will be incurred whether they manufacture 800 or 1,000 boats per year. The rent and admin costs will remain unchanged no matter how many boats are manufactured. But the fixed cost per boat will change. The total fixed costs are $80,000 (800 boats x $1,000 per boat fixed cost). If the manufacturing rate is increased to 1,000 boats per year, the per boat fixed cost will decrease to $800. Fixed costs remain at $80,000/1,000 boats = $800.

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An organization founded by businesses in a specific industry for the purpose of collaborating within the industry and advocating for their workers is called a(n):
A visual of a map color-coded to indicate states' rates of consumer debt is an example ofa. a flowchart. b. a bar graph. c. a pie chart. d. a cosmograph.
1. Which of the following types of relationships exists when a person hires another person to perform some form of physical service but does not authorize that person to enter into contracts on his or her behalf? A) employer-employee relationship B) employer-agent relationship C) principal-third party relationship D) principal-agent relationship
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How did the great society lead to greater protection for consumers

Answers

The Great society lead to greater protection for consumers through the passage of national traffic and motor vehicle safety act
Both of those things increased customer's protection regarding automobiles product, and creating a higher quality of products by the manufacturers at the same time

Through the laws of national traffic

What are common characteristics or provisions of bonds?

Answers

Answer:

Bonds refer to debt instruments wherein the issuer raises long term finance and agrees to pay the lenders a fixed coupon rate of payments periodically and principal repayment upon redemption.

Bonds are characterized by following :

Face value : This refers to the par value at which bonds are issued and coupon payments are fixed as a percentage of face value.
Fixed rate of coupon payments: Bonds are characterized by a fixed rate of coupon payments i.e interest payments to the lenders periodically and obligatory. It may be paid semi annually or annually.
Maturity : Bonds are to be redeemed by the issuer after a certain period ranging from, say 5 years to 20 years. This means the lenders will be paid back their principal upon such redemption.
Credit Ratings: Bonds are issued with credit ratings such as AAA or AA or BB. AAA is considered to be the best rating. The higher the credit rating, the more attractive such bonds are to the investors as it indicates better credit worthiness of the issuer company.
Issuer: The issuer refers to the agency or the company that issues bonds to the investors. Bonds may be issued by municipality, government or corporate firms. The terms differ accordingly.

A machine that is used to sew shirts is called a _____ . capital good, natural resource, nonrenewable resource

Answers

the answer is capital good.

capital good is the answer

Which of these would be considered an entrepreneur?O A. A nurse in a hospital
O B. The owner of a local coffee shop
O C. A school teacher
O D. A public transportation bus driver

Answers

The owner of a local coffee shop would be considered an entrepreneur. Hence, option B is correct.

What is meant by entrepreneur?

Entrepreneurs are people who launch new businesses, bearing the bulk of the risks and getting the majority of the rewards. Starting a business is a practice of entrepreneurship.

The entrepreneur is generally regarded as an inventor who develops novel ideas for goods, services, companies, and operating procedures. Several well-known businesspeople include Bill Gates, Steve Jobs, Mark Zuckerberg, Pierre Omidyar, Arianna Huffington, and Caterina Fake.

Some kinds of entrepreneur are -

Small Businesses Entrepreneurship.

Scalable Start-up Entrepreneurship.

Social Entrepreneurship.

Large Company Entrepreneurship.

Thus, option B is correct.

For more details about entrepreneur, click here:

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Answer:

I think its B

Explanation:

Because you own your own place

The idea that "the invisible hand" of competition sets prices and determines quantities produced in a market economy was the principle idea of?

Answers

Adam Smith in his book 'Wealth of Nations'

Joan grows pumpkins. If Joan plants no seeds on her farm, she gets no harvest. If she plants 1 bag of seeds, she gets 500 pumpkins. If she plants 2 bags, she gets 800 pumpkins. If she plants 3 bags, she gets 900 pumpkins. A bag of seeds costs $100, and seeds are her only cost. Joan's production function exhibitsA. Increasing marginal product. B. Decreasing marginal product. C. Constant marginal product. D. Any of the above could be correct.