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BD

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How does simultaneous consumption affect economies of scale?

On Jul 24, 2024


A product's ability to satisfy a large number of consumers at the same time is called simultaneous consumption. Lenovo needs to produce a laptop for each customer, but Microsoft needs to produce its Windows program only once. Then, at very low marginal cost, Microsoft delivers its program over the Internet to millions of consumers. Music producers and video game makers have similarly low marginal costs when delivering their products to additional customers. Because their marginal costs are so low, their average total cost of output declines as more customers are added and the fixed costs of product development are spread over more and more users, resulting in economies of scale.
BD

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The treasurer of a firm is most apt to report to the:

A) Controller.
B) President.
C) Chief operating officer.
D) Chief executive officer.
E) Vice president of finance.

On Jul 21, 2024


E
BD

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Core competencies and competitive advantages are the strengths possessed by a firm.

On Jun 23, 2024


True
BD

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Which of the following statements about agricultural cooperatives exemption under the Clayton Act and the Capper-Volstead Act is true?

A) Courts have broadly construed the agricultural cooperative exemption.
B) The agricultural cooperative exemption extends to all collective marketing activities.
C) The agricultural cooperative exemption does not legitimize coercive practices that are unnecessary to accomplish lawful cooperative goals.
D) Agricultural cooperatives that include members not engaged in the production of agricultural commodities have been granted exempt status.

On Jun 19, 2024


C
BD

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Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:   The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Round Cost per equivalent unit to 3 decimal places.)  A)  $65,192 B)  $54,573 C)  $90,043 D)  $58,979 The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Round "Cost per equivalent unit" to 3 decimal places.)

A) $65,192
B) $54,573
C) $90,043
D) $58,979

On May 24, 2024


B
BD

Answered

Luis Rodriguez wants to buy a car in 3 years. He will need $3000 for a down payment. The annual interest rate is 9%. How much money must Luis invest today for the purchase?

On May 20, 2024


Use Table 3
$3000 × .77218 = $2316.54.