Answer:
<u>Brainstorming.</u>
Explanation:
The situation exposed in the question above is an example of brainstorming, which can be defined as a group dynamics technique where there is the generation of ideas for a given project.
This activity is developed with the main objective of exploring the creative and innovative capacity of an individual or a group, stimulating the team's creativity, collecting ideas and the maximum amount of information, visions and possibilities in order to achieve a determined objective.
Answer:
Fixed Cost Function = Average Cost - Average Variable cost
Explanation:
A fixed cost is the one which does not changes with the level of production. These cost are irrelevant to number of units production. It is not affected by the units produced and sold. The change in fixed cost does not affect the marginal cost. The marginal cost is the variable cost that is incurred by producing one more unit. These costs are affected by the level of production.
The demand for cheap pizza will <span>decrease because demand for cheap pizza is negative related to income.
a relation could be considered as negative if the correlation between two events opposing one another. As students finds high paying job, they are now able to buy more expensive pizza, which means that a number of customers for cheap pizza will be decreased</span>
Answer:
price ceilings; shortage
Explanation:
Price control is defined as government imposed prices to regulate the way forms make profit in the market. Take for example if a product is in high demand and firms can raise prices very high to make profit. To protect the consumer the government will set a price ceiling to limit price increase.
In Venezuela when price ceilings were implemented the sellers will create artificial shortage which forces the consumer to buy at higher prices in a black market arrangement.
Answer:
The cost of goods sold for last year was $795,000
Explanation:
Last year, in Jasper Company, beginning and ending inventories of work in process and finished goods equaled zero. Therefore,
The cost of goods sold for last year = Total cost of units were produced = Direct materials + Direct labor + Manufacturing overhead
Jasper Company had Direct materials of $180,000, Direct labor of $505,000, Manufacturing overhead of $110,000
The cost of goods sold for last year = $180,000 + $505,000 + $110,000 = $795,000
