Why might the number of products in a​ joint-cost situation differ from the number of​ outputs? Give an example.

Answers

Answer 1
Answer:

Options:

A.  The number of products can differ from the number of outputs when the joint production of one product produces multiple outputs. All of these outputs generate​ revenues, such as the offshore processing of hydrocarbons yields purified water that is bottled as well as yielding oil and gas.

B.  The number of products can differ from the number of output when the joint production process of two or more products become separately unidentifiable. Therefore a company can have multiple outputs with only one product having a positive sales value. If multiple kinds of timber​ (logs) are processed into standard lumber and wood​ chips, standard lumber is the one product that has positive sales and wood chips are the recycled back into the environment.

C.  A product is any output that has a positive sales value​ (or an output that enables a company to avoid incurring​ costs). In some​ joint-cost settings, outputs can occur that do not have a positive sales value. The offshore processing of hydrocarbons yields water that is recycled back into the ocean as well as yielding oil and gas.

D.  A product is any output that has a positive sales value​ (or an output that enables a company to avoid incurring​ costs). The products of a joint production process that have low total sales values compared with the total sales value of the main product or of joint products are called byproducts. The​ fine-grade lumber and standard lumber are joint products and the wood chips are byproducts.

Answer:

C

Explanation:

A joint-cost production process may result in different outputs, but not all of them are products, for example in oil and natural gas extraction processes, you also get water which is an output but not a product since it is returned to the environment. Many times depending on the location of the oil field,  even natural gas is not considered a product and it is simply burnt.  


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_____ is the federal branch responsible for creating guidelines and monitoring workplace safety.FCC
OSHA
WPS
USPS

Answers

OSHA is the federal branch responsible for creating guidelines and monitoring workplace safety.

It stands for OccupationalSafety and HealthAdministration.

What is OSHA?

The Occupational Protection and fitness management (OSHA /ˈoʊʃə/) is a huge regulatory company of the US branch of exertions that firstly had federal visitorial powers to look into and take a look at workplaces. Congress hooked up the organization below the Occupational protection and fitness Act OSH Act, which President Richard M. Nixon signed into law on December 29, 1970. OSHA's mission is to "assure safe and healthy operating situations for operating ladies and men through placing and imposing standards and by means of providing training, outreach, training, and assistance

OSHA has run training, compliance help, and fitness and protection popularity packages in the course of its history. The OSHA Training Institute, which trains government and personal region health and protection employees, began in 1972. In 1978, the enterprise began a grantmaking program, now referred to as the Susan Harwood schooling supply software, to train people and employers in decreasing place of business hazards. OSHA commenced the Voluntary protection programs in 1982, which allow employers to use as "version workplaces" to attain unique designation in the event that they meet positive requirements.

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OSHA! it stands for Occupational Safety and Health Administration

What are the differences between creditor insurance and personally owned term insurance?

Answers

Explanation:

Businesses may choose to offer creditor insurance as a way to protect their customers' debt obligations in the event of death or disability. This type of insurance is typically offered by financial institutions and covers the outstanding balance of a loan or credit card. It can provide peace of mind for both the borrower and the lender, ensuring that the debt is paid off even if the borrower is unable to make payments.

On the other hand, personally owned term insurance is a type of life insurance that is purchased by an individual and provides coverage for a specified period of time (the term). Unlike creditor insurance, personally owned term insurance can be used to cover a variety of expenses, including mortgage payments, education expenses, and living expenses for dependents. The policyholder has more control over the coverage amount and beneficiaries, and the policy can be renewed or converted to a permanent policy at the end of the term.

Overall, creditor insurance and personally owned term insurance serve different purposes and may be appropriate for different individuals depending on their needs and financial situation.

How might a firm respond to a higher demand for its goods? A. limit its production
B. raise prices
C. cut prices
D. increase advertising

Answers

The answer is the option B. raise prices. When the demand increase, while the firm is not able to increase the production, they raise the prices, because there will be buyers willing to pay more. That is the classical equilibrium of the market, offer - demand: increases in demand push the prices upward, increasing in offer pushes the prices downward.

Answer:

B. raise prices.

Explanation:

When the demand increase, while the firm is not able to increase the production, they raise the prices, because there will be buyers willing to pay more. That is the classical equilibrium of the market, offer - demand: increases in demand push the prices upward, increasing in offer pushes the prices downward.

Frictional unemployment occurs when:___________.1. there is friction between an employer and employee. 2. a worker decides to quit one job to seek a different job. 3. a large corporation transfers a worker to another city. 4. college students go back to school at the end of the summer.

Answers

Answer:

2. a worker decides to quit one job to seek a different job.

Explanation:

Frictional unemployment occurs when workers are moving from one job to another. It happens when the available jobs and the workers' skills do not match. For example, a graduate from the university cannot find a job that matches the skills straight away. The period of searching for that first job is called frictional unemployment.

Frictional unemployment is naturally occurring in the economy.  It is present when the economy is in full employment.  It is present as workers are always searching for better opportunities elsewhere, and students are graduating and searching for their first employment.

If you have a scientific research orientation, you are most likely _____.A. punctual
B. curious
C. athletic
D. generous

Answers

If you have a scientific research orientation, you are most likely D. generous.

Orientation is someone understanding who they're, the path they is facing or the manner someone tends to head. An instance of orientation is a person attending a training session for brand-new personnel. An instance of orientation is a person going through the west. An instance of orientation is a person preferring to date guys.

Orientation is the relative arrangement of points after a change or after traveling around a geometric discern. Orientation is taken care of clockwise and counterclockwise in phrases of how the factors align. Reverse orientation method that the factors are opposite of the unique shape.

Encourages employee confidence and allows the brand new employee to adapt quicker to the task; Contributes to an extra powerful, efficient staff; Improves employee retention; and. Promotes verbal exchange between the supervisor and the new employee.

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Answer:

b

Explanation:

curious

Starting from a trade balance, if the world interest rate falls, then, holding other factors constant, in a small open economy the amount of domestic investment will _____ and net exports will _____.

Answers

Answer:

domestic investment will increase and net exports will decrease .

Explanation:

Previously in trade balance, If world Interest falls : It becomes comparatively  lesser than relatively higher domestic interest rate. And makes domestic country a lucrative investment destination. This relatively higher domestic will lead to capital inflows & increase domestic investment.

When our currency is demanded more for capital inflows, its excess demand in foreign exchange market appreciates the currency & reduces exchange rate. At lower exchange rate & appreciated currency value, our exports become expensive & imports cheaper. This reduces exports & increases exports , hence reduces Net Exports.