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Author Question: A business incurs the following costs per unit: Labor - 125/unit; Materials 45/unit and rent - ... (Read 168 times)

kwoodring

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on: Jul 1, 2018
A business incurs the following costs per unit: Labor - 125/unit; Materials 45/unit and rent - 25000/month. If the firm produces 1,000,00 . units a month, the total costs equal
 a. 125,250,000
  b. 170,250,000
  c. 125,050,000
  d. 170,050,000

Question 2

An expectation of a price increase in the future would cause consumers to______ and producers to_____
 a. Delay consumption; delay production
 b. Delay production; accelerate production
 c. Accelerate consumption; delay production
 d. Accelerate consumption; accelerate production


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tandmlomax84

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


kwoodring

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

yeungji

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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