If the fixed cost of producing seven video games is $14, and the variable cost of producing seven video games is $12, how much is the total cost of producing seven video games? $21 $7 $26 $2
The total cost of producing seven video games is $26.
Further Explanation:
Fixed cost: The fixed cost is the cost that remains same even if the level of production changes.
Example of fixed cost: rent, wages, interest payment, and depreciation.
Variable cost: The variable cost is the cost that varies with the level of production.
Example of variable cost: raw material cost, labor costs, and utility costs.
Total Cost: Total cost refers to the cost incurred in producing a certain amount of goods. The total cost comprises of fixed cost and variable cost. The Formula for calculating total cost is:
Total cost (TC) = Fixed cost (FC) + Variable cost (VC)
Calculate the total cost of producing seven video games:
Total cost = Fixed cost + Variable cost of producing seven video games
= $14 +$12
=$26
Therefore, the total cost of producing seven video games is $26.
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Answer details:
Grade: High School
Subject: Business Studies
Chapter: Cost of production
Keywords: Total cost, fixed cost, the variable cost, producing seven video games, seven video games, level of production, Production cost, video games, cost of production, of producing, variable cost of producing, total cost of producing, VC, TC, FC.
To be effective, business messages should __________.
a. never contain opinions
b. adopt an informal tone
c. not make arguments or recommendations
d. use abstract words that lend themselves to interpretation
e. show your readers how they will benefit by responding to your message
How has the internet affected the way interest groups do grass-roots lobbying?
Answer:
The Internet is a low-cost way to connect members
Explanation:
Grad-point - 7 - Interest groups at Work - quiz
An auto worker in ohio who loses her job because the company relocated the plant to another country represents an example of
a. structural unemployment.
The situation represents structural unemployment. This occurs when there is a mismatch between job-seeking workers' skills and the employers' needs, for example due to changes in industry location.
Explanation:The situation described where an auto worker in Ohio loses her job because the company relocated the plant to another country is referred to as structural unemployment. Structural unemployment is a type of unemployment that occurs when there is a mismatch between the skills of the job-seeking workers and the skills needed by the employers. For instance, this can happen due to technological advances, changes in consumer demand, or changes in location of industry as in this specific example of the company moving out to another country. The worker's skills may no longer be in demand in their geographical location and they may have to undergo training for a new job role or move to where those jobs are available.
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Compare the demand for sugarsugar with demand for gasolinegasoline. the demand for sugarsugar is likely
The evolutionary process that selects variations in inherited characteristics that best suit an individual for survival and reproduction in a particular environment is known as:
Daniel works hard this semester because he needs to pass all the courses to graduate in time. if he does not finish his degree this semester, his employer will probably lay him off and find someone else to do his job. this is one example of
Many innovative technology products are released as a(n) _____ test to allow usage and feedback from a small number of users who are willing to test the product under normal, everyday conditions of use.
When preparing to move from a curb you should always check your fuel gauge?
What is a business organized according to the regulations of the united states government?
A business organized according to U.S. government regulations operates within a framework of laws covering issues from banking to safety, ensuring fair and ethical operation.
A business organized according to the regulations of the United States government is defined as an entity that operates within the framework set forth by various laws and rules. These regulations govern aspects such as banking, emissions, food and product safety, and fair labor practices.
This structured approach towards business operations is designed to maintain order, ensure efficient functioning of society, and safeguard the public interest, even within the realms of a fundamentally capitalist economy.
From the late 19th century, the U.S. government began to exert more influence over businesses, aiming to regulate and limit the power of monopolies and trusts. As businesses grew and became more complex, so did the government's role in ensuring they operated ethically and met societal goals.
The government regulates businesses by enforcing laws through federal and state agencies, which affects how companies conduct their activities, from worker safety to environmental protection.
In the U.S., there are three main types of business organizations: sole proprietorships, partnerships, and corporations. Moreover, other entities like non-profits and cooperatives also play significant roles in the economy, all operating under the umbrella of government regulations to ensure competition, innovation, and public welfare.
What are the instruments used in quantitative research?
Which of the following are sources of income?
salary
deductions
part-time work
odd jobs
wishful thinking
Answer: Part time work and odd jobs
Part -time job is a source of income because it is a job done part time which brings a pay at the end of the working period.
Odd jobs no matter how odd they are are also sources of income as long as the worker gets paid.
If a country has a rising middle class what does this social change mean for business?
A: there will be more people with discretionary income creating business opportunities.
B: A company should be very cautious about entering the market in case the progress does not last.
C: products generated within that country will have a strong advantage over those produced in other nations
D: The middle class will not have as much spending power as the rural regions of the country
There will be more people with discretionary income, creating business opportunities.
-Gradpoint
A problem the group decision support system (gdss) intended to solve is:
Final answer:
The problem that the GDSS is intended to solve is coordination challenges in group decision-making.
Explanation:
The problem that the Group Decision Support System (GDSS) is intended to solve is coordination challenges in group decision-making. These challenges occur when group members generally agree on the goals but disagree about the specifics. GDSS provides a platform for everyone to participate in making decisions through voting or deliberative methods, reducing conformity costs but potentially increasing transaction costs.
What is the first step in financial planning?
A.)maintaining a log of all your expenses
B.)understanding what you want
C.)preparing a balance sheet
D.)attaching a goal cost to every goal
E.)attaching a time frame to every goal
The first step in financial planning is to understand what you want. On the basis of this, you need to analyze your financial condition and make a decision in financial planning. Hence, Option B is the correct statement.
What do you mean by financial planning?Financial planning is a step-by-step way to meet personal goals. The financial plan serves as a guide as you travel through life. In fact, it helps you to manage your income, expenses, and investments so that you can manage your finances and achieve your goals
Thus, Option B is the correct statement.
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Answer:
B
Explanation:
Understanding what you want. This is correct because you can then go and work everything you need around it and figure out how to organize your life.
30 POINTS - Professional networking is important for strengthening your professional development. Discuss how reading, writing, and speaking abilities are vital to your professional networking skills.
Final answer:
Reading, writing, and speaking abilities are vital to professional networking skills as they enable you to stay informed, communicate effectively, and engage with others. These abilities enhance your professional development and help build meaningful connections within your industry.
Explanation:
Professional Networking and Reading, Writing, and Speaking Abilities:
Professional networking involves building relationships and making connections within your industry. It is essential for strengthening your professional development. Reading, writing, and speaking abilities play a vital role in effective professional networking:
Reading: Being able to read and comprehend industry-related articles, news, and resources helps you stay informed and engage in meaningful conversations. It helps you to understand the current trends, new ideas, and potential opportunities in your field of interest.
Writing: Strong writing skills allow you to communicate clearly and professionally through emails, social media, and other written correspondence. Writing well-crafted messages and professional emails helps you establish credibility and convey your thoughts effectively.
Speaking: Good speaking abilities enable you to confidently present yourself, share your ideas, and engage in conversations during networking events or professional gatherings. Effective verbal communication helps you connect with others, build relationships, and leave a lasting impression.
By honing your reading, writing, and speaking abilities, you can effectively network with professionals in your industry, share your expertise, and learn from others' experiences. These skills enhance your professional development, open doors for opportunities, and contribute to your overall success.
The standard for sending security assertions is ________.
a. ldap
b. xml
c. saml
d. none of the above
SAML, an XML-based framework, is the standard for sending security assertions. This standard allows entities to make statements about identity, attributes, and entitlements, which is crucial for access control to web-based systems.
Explanation:
The standard for sending security assertions is SAML (Security Assertion Markup Language). SAML is an XML-based framework for communicating user authentication, entitlement, and attribute information. As its name suggests, SAML allows business entities to make assertions regarding the identity, attributes, and entitlements of a subject to other entities, such as a network-connected application. This standard is widely used for controlling access to web-based applications and services, beyond the firewall.
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What is the opportunity cost of saving money to purchase a car?
A) the cost of working hard to save money
B) the money you could have earned at a job
C) the money could be used to go on vacation
D) the cost of insurance, gas, and maintenance
The answer is the money could be used to go on vacation
The correct option is C) the money could be used to go on vacation.
What is the opportunity cost of saving money?
The opportunity cost of saving is that saving leaves you with less money to use for buying goods and services today.
What is opportunity cost simple definition?
Opportunity cost is the profit lost when one alternative is selected over another. The concept is useful simply as a reminder to examine all reasonable alternatives before making a decision.
.
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What are some ways to protect intellectual property
Fiscal policy is defined as changes in federal ________ and ________ to achieve macroeconomic objectives such as price stability, high rates of economic growth, and high employment.
Suppose you filed your taxes and received a small refund from the IRS. What would have been the impact on the refund amount if you had decreased the W-4 allowances for that tax year?
What should be the primary goal of a financial manager?
The manager is a key figure in all the companies. The main goal of a financial manager is to maximize the shareholder's wealth by effectively managing the company's financial resources. They are responsible for planning, budgeting, forecasting and controlling the firm's financial resources.
Explanation:The primary goal of a financial manager should be to maximize the shareholder's wealth and ensure the financial health of the organization. This can be achieved by successfully managing the company's financial resources, including investments, budgeting, and forecasting. The financial manager is responsible for planning, organizing, controlling, and monitoring the firm's financial resources to achieve the company's goal of wealth maximization and sustainability.
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A financial manager's primary goal is to enhance shareholder value by managing finances, planning for growth, assessing risk, and making investment decisions, whilst also considering macroeconomic goals like economic growth, low unemployment, and low inflation.
Explanation:The primary goal of a financial manager is to maximize shareholder value and aid the company in achieving its overall objectives. This involves managing current finances, strategizing for future growth, analyzing risks, and making sound investment decisions. The financial manager should also focus on achieving long-term economic growth, ensuring low unemployment, and maintaining low inflation.
As a company matures, becoming more established and profitable, the financial manager's role can shift. Beyond just knowing the company's business plans, the financial manager must understand the larger economic picture, including elements such as bondholders and shareholders who invest in the company. Therefore, strong financial management can enable the company to secure the necessary financial capital.
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A negative cost variance combined with a negative schedule variance is an indicator of
Negative cost variance and negative schedule variance indicate that a project is over budget and behind schedule. These variances can exhibit patterns such as a consistent negative value, a gradually increasing negative value, or an increasing rate of negative values which signify if the project's issues are static, worsening consistently, or accelerating.
Explanation:Negative Cost and Schedule VariancesA negative cost variance combined with a negative schedule variance is indicative of a project that is over budget and behind schedule. Specifically, a negative cost variance means that the actual costs are exceeding the budgeted costs, while a negative schedule variance indicates that the project is taking longer than planned. If both variances are negative, the project is facing challenges in terms of cost control and time management.
Interpreting VariancesThere are three possible patterns for the variances:
A negative value that does not change with time suggests a consistent over-budget situation.A gradually increasing negative value (straight line) indicates that the cost overrun or schedule delay is worsening consistently over time.An increasing rate of negative values over time means that the project is spiraling further out of control, with the overruns accelerating.The specific pattern of the variances provides insights into whether the project issues are static, worsening at a steady pace, or accelerating, which requires different approaches for mitigation and control.
If the typical balance on Lucy's credit card is $750 and the interest rate (APR) on her credit card is 16%, how much in interest would you expect Lucy to be charged in a typical month?
Lucy would be charged $10 interest in a typical month.
Further Explanation:
Annual Percentage Rate (APR): The annual percentage rate is the rate of the fee charged on the credit card. It remains the same even in the case of the failure in the credit card payment. The credit card that has the lowest APR should be preferred.
Calculate the interest for a typical month:
APR rate is calculated for an annual basis. The current APR rate is 16% annually. So, it should be divided by 12 months to calculate the interest for a typical month. The calculation of the interest is as follows:
[tex]\begin{gathered} {\text{Monthly Interest = }}\frac{{{\text{Total Annual Interest}}}}{{12}} \\ = {\text{ }}\frac{{\$ 120}}{{12}} \\ = {\text{ \$ 10 per month}} \\ \end{gathered}[/tex]
Thus, Lucy would be charged $10 interest in a typical month.
Working note:
Calculate the annual interest:
[tex]\begin{gathered} {\text{Total Annual Interest = Credit card balance }} \times {\text{ APR}} \\ {\text{ = \$ 750 }} \times {\text{ 16\% }} \\ {\text{ = \$ 120}} \\ \end{gathered}[/tex]
Thus, the annual interest is $120.
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Answer details:
Grade: Senior School
Subject: Business Studies
Chapter: Money & Banking
Keywords: Credit card balance, credit card, $750, interest rate, interest, APR, Annual percentage rate, expect, Lucy, charged, typical month, credit score, would, you, typical balance, expenses.
When a law is passed that requires businesses to obtain permission from government officials in order to enter a market, this is an example of?
Chet, a minor, signs a contract with porsha, an adult. the contract is
which does the following illustrate?
Claire's office has lots of windows good air circulation unfriendly coworkers
A.job outlook
B.job environment
C.lifestyle
D.values
The description about Claire’s office given in the question seems to refer to her (B) job environment. Job environment refers not just to the physical form of the workplace, such as the good amount of windows and good air circulation, but also to her social environment, which includes her co-workers.
Job outlook refers to how sought after her occupation will be in the future, while values and lifestyle are incorrect because it does not relate directly to work conditions.
In an agile project, teams are given several requirements but only deal with one at a time, with each iteration being referred to as a __________.
The iteration that are each being referred is a sprint. A sprint is being defined as a time that is being set in which are done in order to meet the tasks that is needed to be made for it to be accepted or to complete them.
People who bring resources together to make a good or service ____
a(n) __________ shows the number of units the market will buy in a given time period at different prices.
Final answer:
A market demand schedule shows the quantity of a good consumers will buy at various prices, displaying an inverse relationship between price and quantity demanded.
Explanation:
A market demand schedule shows the number of units the market will buy in a given period at different prices. It is a table that presents a range of prices for a certain good or service and the quantity demanded at each price. This schedule indicates that there is typically an inverse relationship between price and quantity demanded, meaning that as the price of an item goes up, the quantity demanded tends to go down, and vice versa.
The graphical representation of a market demand schedule is known as the market demand curve. This curve is essential for businesses and economists as it helps them understand consumer behavior and price sensitivity. By analyzing the demand schedule and curve, producers can make informed decisions about pricing and production levels.