The production function of Andrew's business is Q = L + 1.5K where Q is the variable capturing the quantity of output produced, L is the variable measuring the units of labour hired and K is the variable measuring units of capital hired. Suppose also that the wage rate per unit of labour is $20 and the rental rate per unit of capital is $24. Given this information, answer the following questions.
(i) In the long run, what is the input bundle that Andrew should choose to produce 200 units of output? Show your working and explain your answer. What will be the associated minimum total cost of production?
(ii) Diagrammatically represent Andrew's chosen input combination carefully using an isoquant and an isocost line while keeping labour (L) on the horizontal axis.
Answers
In the long run, Andrew should choose an input bundle where L = 0 and K = 200 to produce 200 units of output. The associated minimum total cost of production is $3200. A diagram with an isoquant and an isocost line can be used to visually represent Andrew's chosen input combination.
(i) To determine the input bundle that Andrew should choose to produce 200 units of output, we need to find the combination of labor (L) and capital (K) that satisfies the production function Q = L + 1.5K when Q = 200.
Substituting Q = 200 into the production function:
200 = L + 1.5K
To find the optimal input bundle, we need to minimize the total cost of production. The total cost of production is given by:
Total Cost = Wage * Labor + Rental Rate * Capital
Given that the wage rate per unit of labor is $20 and the rental rate per unit of capital is $24, the total cost equation becomes:
Total Cost = 20L + 24K
To minimize the total cost, we need to find the combination of L and K that satisfies the production function while minimizing the total cost equation.
Using the production function equation, we can solve for K in terms of L:
K = (200 - L) / 1.5
Substituting this value of K into the total cost equation, we get:
Total Cost = 20L + 24[(200 - L) / 1.5]
Simplifying the equation, we have:
Total Cost = 20L + 16(200 - L)
Expanding further:
Total Cost = 20L + 3200 - 16L
Combining like terms:
Total Cost = 4L + 3200
To minimize the total cost, we need to minimize the value of L. Since L cannot be negative, the minimum value for L is 0.
When L = 0, the total cost is:
Total Cost = 4(0) + 3200 = $3200
Therefore, in the long run, Andrew should choose an input bundle where L = 0 and K = 200 to produce 200 units of output. The associated minimum total cost of production is $3200.
(ii) To diagrammatically represent Andrew's chosen input combination, we will use an isoquant and an isocost line.
An isoquant represents all the combinations of labor and capital that produce the same level of output. In this case, the isoquant would represent the combination of L and K that produces 200 units of output.
An isocost line represents all the combinations of labor and capital that yield the same total cost. The slope of the isocost line is equal to the wage rate divided by the rental rate (20/24 in this case).
By plotting the isoquant and the isocost line on a graph with labor (L) on the horizontal axis, we can identify the point where the isoquant and isocost line intersect. This point represents Andrew's chosen input combination.
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Related Questions
pls help with the question attached i'm desperate and pls explain it well as a 12 mark
Answers
Yes, The Cake Spa should use segmentation to gain a competitive advantage.
Three basic steps in marketing helps the marketer to identify the right customers, and their target market and to know the right information to reach their potential customers. These are S-segmentation, T- targeting, P- positioning.
Segmentation allows businesses to target specific groups of customers with tailored marketing messages, which can be much more effective than a blanket approach.
By segmenting its customer base into different demographic basis variables such as on the bases of age, gender, geography, income, and other factors, The Cake Spa can tailor their messaging to each group and have a better chance and opportunities of converting them into customers. It will help them to gain more share in the market and also in profit maximization.
Additionally, segmentation can help The Cake Spa identify opportunities for product and service innovation and even identify new target markets. By using segmentation, The Cake Spa can gain a competitive advantage by targeting its messages to specific audiences, optimizing its marketing efforts, and staying ahead of the competition.
It will also help them in analyzing their competitors and in the formation and implementation of marketing strategies.
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"assume that mexico's economy has expanded significantly, causing a high demand for loanable funds there by local firms. how might these conditions affect the forward discount of the mexican peso?"
Answers
If Mexico's economy has expanded significantly, it is likely that local firms would want to borrow more funds to finance their growth and investment projects. This increased demand for loanable funds would likely lead to higher interest rates in Mexico.
Higher interest rates would make Mexican assets more attractive to foreign investors, which would increase the demand for the Mexican peso in foreign exchange markets. This increased demand for the peso would cause its exchange rate to appreciate relative to other currencies, including the currency of the country where the foreign investor is located.
Assuming that the forward exchange rate is based on the expected future exchange rate, the forward discount of the Mexican peso would likely decrease as a result of the increased demand for the peso. In other words, the forward exchange rate for the Mexican peso would be higher than the spot exchange rate, indicating that the market expects the peso to appreciate in the future.
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When Koki’s team gives a face-to-face presentation, he notices that the team members seem confused about where to sit. This situation most likely happened because Koki’s team failed to: a. rehearse physical staging. b. coordinate their delivery styles. c. determine the sequence of the presentation. d. use a storyboard. e. plan the introduction.
Answers
The most likely reason for Koki's team members being confused about where to sit during a face-to-face presentation is that Koki's team failed to rehearse physical staging.
Rehearsing physical staging involves planning and practicing the arrangement of seating, podium placement, visual aids, and other physical elements of the presentation space. It ensures that everyone in the team knows their designated positions and understands the layout of the presentation area. By rehearsing physical staging, team members can avoid confusion and present a more organized and professional appearance to the audience.
While coordinating delivery styles, determining the presentation sequence, using a storyboard, and planning the introduction are all important aspects of a successful presentation, the specific situation described in the question suggests that the lack of rehearsal in physical staging is the most likely cause of the confusion regarding seating arrangements.
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Adrian owns an older used car that is valued at about $1,000.
He is considering whether to change his car insurance policy.
He has the option to purchase additional coverage for $200/month that will protect his vehicle if it is damaged in an accident. If there is an accident, the insurance company will pay Adrian the amount his vehicle is worth.
Purchasing insurance can help Adrian risk.
Adrian’s best decision in this case is to because the policy is
Answers
Answer:
Purchasing insurance can help Adrian minimize risk. Adrian’s best decision in this case is to not buy the insurance because the policy is too expensive in relation to the value of his vehicle
Adrian can reduce risk by buying insurance. The wisest course of action for Adrian in this situation is to refuse to purchase the insurance because the premiums are too high in comparison to the worth of his car.
What is insurance?A party promises to compensate another party in exchange for a fee in the case of a certain loss, damage, or injury as a way of financial loss protection. It is a method of risk management that is primarily employed to protect against the risk of a potential loss.
An insurer, insurance business, insurance carrier, or underwriter is a corporation that offers insurance. A person or company that purchases insurance is referred to as a policyholder, while someone or anything that is protected by the policy is referred to as an insured.
The insurance policy that the insured gets outlines the terms and circumstances under which the insurer will make payments to them, their chosen beneficiary, or assignee.
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At any given hotel, one of the largest departments is housekeeping.
True
False
Answers
Answer:
True
Explanation:
Blossom was reviewing his compary's activities at the end of the year (2022) and decided to prepare a retained earnings statement. At the beginning of the year his assets were $575,000, liabilities were $137,000, and common stock was $127,000. The net income for the year was $295,000. Dividends of $224,000 were paid during the year. Prepare a retained earnings statement in good form. (List items that increase retained earnings first)
Answers
Ending Balance of Retained Earnings: $382,000
To prepare the retained earnings statement, Blossom needs to start with the beginning balance of retained earnings, which is calculated by subtracting the total of liabilities and common stock from assets.
Beginning Balance of Retained Earnings: $575,000 - $137,000 - $127,000 = $311,000
Next, Blossom needs to add the net income for the year to the beginning balance of retained earnings:
Net Income: $295,000
Beginning Balance of Retained Earnings: $311,000
Total Retained Earnings: $606,000
Finally, Blossom needs to subtract the dividends paid during the year from the total retained earnings:
Dividends Paid: $224,000
Total Retained Earnings: $606,000 - $224,000 = $382,000
Therefore, the retained earnings statement in good form would look like this:
Beginning Balance of Retained Earnings: $311,000
Add: Net Income: $295,000
Total Retained Earnings: $606,000
Less: Dividends Paid: $224,000
Ending Balance of Retained Earnings: $382,000
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Why very few subsistence economies exist today
Answers
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
A teacher purchased a bedroom set for $1,752, after a $125 down payment, using a 12-month deferred payment plan with an APR of 17.50% compounded monthly. Determine the total amount paid if, after the deferment period, the teacher pays $103.56 per month, for 24 months, until the balance is paid off.
$1,958.07
$2,485.44
$2,610.44
$2,089.06
Answers
The total amount paid by the teacher for the loan is $2,610.44. The correct answer is option C.
What is loan?A loan is a financial transaction in which a lender gives money to a borrower, who is then obligated to repay the money with interest over a set period of time. Loans can be secured or unsecured, with secured loans requiring collateral such as a house or car to be put up as security, while unsecured loans do not require collateral but often come with higher interest rates. Loans can be used for a variety of purposes, such as buying a home, financing a business, or paying for education. The terms of a loan, including the interest rate, repayment schedule, and any fees, are outlined in a loan agreement, which both the borrower and lender must sign. Defaulting on a loan can have serious consequences, such as damage to credit scores and legal action by the lender.
Balance after 12 months = $1,752 - $125 = $1,627
Monthly interest rate = APR / 12 = 17.50% / 12 = 0.01458
Total amount paid = \(103.56 x [(1 - (1 + 0.01458)^-^2^4) / 0.01458] + ($1,627 * (1 + 0.01458)^1^2)\)
Total amount paid = $2,610.44 (rounded to the nearest cent)
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help me to answer thi Q! Thanks!
Answers
9. Social responsibility is a voluntary obligation.
Answers
The idea of social responsibility suggests that individuals and organizations have an obligation to act in ways that benefit society as a whole.
While social responsibility is often voluntary, it can also be a legal requirement or an expectation from stakeholders.
In some cases, social responsibility is mandated by law. For example, companies may be required to follow environmental regulations, labor laws, or anti-discrimination laws.
Failure to do so can result in legal penalties or fines.
However, social responsibility can also be a voluntary action taken by individuals or organizations who want to make a positive impact on society.
For example, a company might choose to donate a portion of its profits to charitable organizations or implement sustainable business practices to reduce its environmental impact.
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Why do we need to carefully plan the operations of the business?
Answers
Answer:
hi nhi pata bhai soery. long
Value Added Inc. buys $1 million of sow's ears at the beginning of January but doesn't pay immediately. Instead, it agrees to pay the bill in March. It processes the ears into silk purses, which it sells for $2 million in February. However, it will not collect payment on the sales until April. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Enter your answers in thousands of dollars not in millions.)
(a) What is the firm’s net income in February?
(b) What is its net income in March?
Answers
Answer and Explanation:
The computation is shown below:
Firm net income in Feb is
= Sales - cost of goods sold
= $2,000,000 - $1,000,000
= $1,000,000
Now the net income is
= $1,000,000 ÷ 1,000
= 1,000 thousands
b. For the month of march, the net income is zero
By using the above formula the correct amount could come and the same is to be considered
What type of forces is acting on an object that prevents the object from moving? (2 points) a Balanced forces b Friction forces c Gravity forces d Unbalanced forces
Answers
Answer:
Friction
Explanation:
Friction is a force that resists relative motions of solid surfaces, etc
What are self-service BI tools?
Business intelligence tools that do not require any particular BLANK
expertise are called self-service tools.
Answers
Answer:
Technical
Explanation:
100% on test
Two reasons why collateral is important to a borrower
Answers
The reasons why collateral is important to a borrower are:
It serves as borrower's credit worthiness .Collateral minimizes the risk for lenders.What is Collateral?Collateral can be regarded as item of value that is been used to secure a loan.
In a case whereby a borrower defaults on the loan,it is possible for lender to seize the collateral and sell it to recoup its losses. Banks require collateral on certain types of loans.
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MOTIVATION TIME
Success doesn’t just find you. You have to go out and get it.
Answers
Answer:
thnak u that made my day
Explanation:
One of the forces that drive competition is the threat of new entrants in a market, based on how difficult it is for outsiders to enter that market. All of the following are barriers to entry in the insurance market, EXCEPT: 1) Economies of scale O2) Customized products 3) Advent of new distribution channels 4) State statute and regulatory policy
Answers
In a competitive market, the threat of new entrants is a driving force that impacts existing businesses. Barriers to entry can limit the potential of new competitors, thereby influencing the market dynamics.
In the insurance industry, several factors can create barriers to entry, but one of them does not have the same limiting effect.
Economies of scale serve as a significant barrier, as larger, established insurance companies benefit from cost advantages due to their size and can provide services at lower prices. Customized products also act as a barrier, as the development and maintenance of tailored insurance plans require extensive resources, expertise, and customer insights that new entrants might struggle to achieve.
State statutes and regulatory policies pose additional hurdles, as newcomers must navigate a complex web of legal requirements and obtain the necessary licenses and approvals to operate in the insurance market. These regulations often involve significant investments in terms of time, resources, and capital. However, the advent of new distribution channels does not serve as a barrier to entry.
On the contrary, it can facilitate market entry by providing innovative ways for newcomers to reach potential customers and offer services.
These new channels, such as online platforms and mobile apps, can help reduce operational costs and increase accessibility, leveling the playing field for new entrants.
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what planning tool can be used during the planning part of the management process to answer the question, what is the situation now?
Answers
The planning tool that can be used during the planning part of the management process to answer the question, the situation now is: SWOT Analysis
What is SWOT Analysis?SWOT Analysis can be defined as the tools used by companies to identify their strength as well as weaknesses. SWOT Analysis can enables a company to plan effectively and to as well know how to combat their challenges when faced with one.
SWOT stand for :
S = strengths
W= Weaknesses
O= Opportunities
T= Threats
Therefore the planning tools is SWOT Analysis.
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According to the reading, the main body of a business plan does NOT normally include which of the following:
Answers
According to the reading, the main body of a business plan does not normally include a full roster with names, of all planned hires for at least six months.
A business plan refers to a written document that helps in describing the activities of a business, its objectives, and how it intends to achieve its goals.,It should be noted that a good business plan should include the executive summary, the products and services that the company offers, their analysis, and the marketing strategies. A business plan is required in order to attract investors. It's also useful so that the company can have an effective strategy in place that will be used for the company's growth.Read related link on:
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Answer:
D-A full roster, with names, of all planned hires for at least six months.
Explanation:
took the quiz
processes that bring about changes in economic prosperity and the quality of life are known as:
Answers
The processes that bring about changes in economic prosperity and the quality of life are known as economic development.
Economic development is the process of improving the economic and social well-being of a community through the creation of jobs, increased productivity, and the provision of essential services such as healthcare, education, and infrastructure. Economic development can be driven by a range of factors, including government policies, private investment, innovation, and globalization.
Economic development can bring about significant improvements in the standard of living for individuals and communities. By creating new jobs and increasing wages, economic development can help to reduce poverty and inequality. It can also improve access to essential services and amenities such as healthcare, education, and transportation, which can enhance quality of life.
However, economic development can also have negative impacts, such as environmental degradation, social displacement, and income inequality. Therefore, it is important to ensure that economic development is sustainable and inclusive, taking into account the needs of all members of society and the long-term impacts on the environment.
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Suppose you spend time clipping coupons for cereal before going to the grocery store. However, once you arrive at the store you realize that the coupons have already expired. The time spent clipping coupons are an example of a ...
Answers
The time taken on clipping the coupons prior to going to the grocery store would be an opportunity cost.
What does the opportunity cost mean?
The opportunity cost is the amount that an individual has to forget on choosing another alternative.
When arriving at the grocery store, the individual got to know that the coupons he/she has have already been outdated. This shows that the time of clipping the coupons would result in the forgone benefits of availing of the coupon on time.
Therefore, the opportunity cost is represented by the time taken to clip the coupons.
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Scenario: NewTel, Inc.
NewTel is a telephone company with a policy of filling positions internally, through promotions, rather than hiring from outside. Until recently, the company had a strong engineering focus and tended to promote people into senior executive positions from the engineering areas. Consequently, almost all of the company’s 14 senior executives joined the company over 20 years ago in junior engineering positions. There is increasing pressure on NewTel to become more marketing and service-oriented. As a result, four people were hired last year from consumer products and retail firms to fill new senior executive positions in marketing and service management. The external hires were necessary because current employees were not sufficiently qualified. Now there are signs of tension among senior executives, particularly during budget deliberations where there is limited discretionary spending on new corporate activities. The four new hires have been frustrated in their attempts to have the company put more money into marketing and customer services instead of technology investment. The conflict episodes are viewed by both sides as personal attacks rather than attempts to resolve the problem.
The four new hires’ attempt to have the company put more money into marketing and customer services instead of technology investment. This is mainly an example of conflict due to:
A. role ambiguity.
B. lack of communication.
C. sequential task interdependence.
D. overt behaviors.
E. goal incompatibility.
Answers
Answer:
E. goal incompatibility.
Explanation:
Analyzing the scenario above, it is possible to see that the cause of the conflict is due to incompatibility of goals, that is, there are different objectives and goals between the teams and organizational departments, which causes a lack of consensus that culminates in the conflict.
This is a negative situation for the company, which is a set of systems that must operate in favor of the same objectives and goals. in order to listen to all the parties involved, and then start from a principle where everyone feels heard and integrated in the development of organizational goals, creating an environment of trust and positive relationship in the company.
Making sure a company follows laws and regulations describes the HR management activity of
a. staffing
b. compensation and benefits.
c. compliance
d. employee relations
Answers
Making sure a company follows laws and regulations describes the HR management activity of compliance. The correct answer is option c.
Human Resource (HR) management refers to the management of a company's employees. It is a critical aspect of management and has the responsibility of recruiting and developing the company's employees.
The HR department is responsible for managing human resources, including recruiting, hiring, training, managing, and directing employees in their work. It includes overseeing employee benefits, performance appraisals, and compensation management.
Making sure a company follows laws and regulations describes the HR management activity of compliance and to avoid legal risks and avoid violating labor laws, HR management should provide complete compliance support. HR management plays an essential role in maintaining compliance in the company. The HR department's primary responsibility is to provide compensation and benefits to employees.
In conclusion, the correct option is C - compliance.
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alpha inc. regularly uses material flav4 and currently has in stock 460 liters of the material for which it paid $2,622 several weeks ago. if this were to be sold as is on the open market as surplus material, it would fetch $5.25 per liter. new stocks of the material can be purchased on the open market for $5.85 per liter, but it must be purchased in lots of 1,000 liters. you have been asked to determine the relevant cost of 800 liters of the material to be used in a job for a customer. the relevant cost of the 800 liters of material flav4 is: (cima adapted)
Answers
The associated cost for 800 liters of flav4 material required for the job is $2,265.
The cost corresponding to 800 liters of material flav4 can be calculated as follows:
The cost of the 460 liters of material currently in stock is irrelevant as it has already been paid for and cannot be returned or used in the current job. Therefore, it does not affect the associated costs of the 800 liters required for the work.
The cost of purchasing 800 liters of flav4 material on the open market would be:
800 liters x $5.85 per liter = $4,680
if the company sells the surplus 460 liters of material at $5.25 per liter, the revenue would be:
460 liters x $5.25 per liter = $2,415
This means that the net cost to buy 800 liters of flav4 after selling surplus stock would be:
$4,680 - $2,415 = $2,265
Therefore, the associated cost for 800 liters of flav4 material required for the job is $2,265. The cost of acquiring new materials and the offsetting income from the sale of excess inventory is taken into account.
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When creating a résumé, other experiences should be included only if they are relevant to the job objective.truefalse
Answers
When creating a résumé, other experiences should be included only if they are relevant to the job objective. true
Why is it crucial to just include information that is relevant on your resume?
Recruiters want to be certain that you are serious about the position and are not simply flooding the internet with applications for every open position. This implies that if you have a lot of expertise in other, unrelated subjects, you might want to opt to concentrate exclusively on those that are specifically relevant to the career or field you seek.
Employers may learn more about you, see your qualifications, and request an interview by reviewing your resume.
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If a business is owned by many people, it is called a _____ . A. sole proprietorship. B. corporation. C. limited liability company. D. partnership
Answers
Answer:
bbb
Explanation:
When a business is owned by many people, then such a kind of business will be termed as corporation. Hence, Option B is correct.
What is a business?A business is a term which is used to denote the kind of activity that makes a person engaged and so that they can earn money to provide support to their family as well as themselves.
In terms of the monetary sector, with the help of this , they will continue in a smooth and efficient manner. With the help of business, one can earn that much money through which they can move towards master status.
When a person runs a kind of business there, apart from him, many other people will also become owners. It will be referred to as a corporation.
Therefore, Option B is correct.
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explain the process involve in forming a company.
include these points:
1. Often require more time and legal works.
2. Need to complete all required documents such as ARTICLE OF ASSOCIATION and MEMORANDUM OF ASSOCIATION.
3. Once all document is ready, the register of the company issues the Certification of incorporation.
4. Certification of incorporation certifies the legal status of the company and allows to start trading.
Answers
Forming a company involves a number of steps and can often require more time and legal work than other types of business structures. Here are the steps typically involved in forming a company:
How to fporm companyChoose a Business Name: The first step is to choose a business name that is not already in use by another company. It's important to conduct a search to ensure the name is not already taken.
Decide on Company Structure: The next step is to decide on the legal structure of the company, such as a corporation, LLC, or partnership.
Prepare the Required Documents: Once the structure has been chosen, the required documents such as ARTICLE OF ASSOCIATION and MEMORANDUM OF ASSOCIATION must be completed. These documents outline the purpose of the company, its ownership structure, and other important details.
File Documents with the Register of Companies: The completed documents must then be filed with the register of the company in the jurisdiction where the company is to be incorporated. This requires paying a fee and providing additional information about the company, such as the names and addresses of directors and shareholders.
Certification of Incorporation: Once all the required documents have been submitted and approved, the register of the company issues a Certification of Incorporation. This certificate certifies the legal status of the company and allows it to start trading.
Obtain Business Licenses and Permits: Depending on the type of business and the jurisdiction, the company may also need to obtain additional licenses and permits before it can begin operating legally.
Overall, forming a company involves a significant amount of legal work and documentation, but it provides the benefit of limited liability and can make it easier to raise capital and attract investors.
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Problems and Applications Q6 A firm in a competitive market receives $840 in total revenue and has marginal revenue of $20 The firm's average revenue is--, and L- units were sold. Grade it Now Save & Continue Continue without saving
Answers
The firm's average revenue is approximately $20, and 42 units were sold.
To determine the firm's average revenue and the quantity of units sold, we can utilize the relationship between total revenue (TR), marginal revenue (MR), and the quantity of units sold (Q).
Given:
Total revenue (TR) = $840
Marginal revenue (MR) = $20
Average revenue (AR) is calculated by dividing total revenue (TR) by the quantity of units sold (Q):
AR = TR / Q
To find the quantity of units sold, we need to understand the relationship between marginal revenue and average revenue. In a competitive market, the marginal revenue is equal to the average revenue.
Therefore, MR = AR
We can rewrite this equation as:
$20 = TR / Q
Since we know that TR = $840, we can substitute this value into the equation:
$20 = $840 / Q
To solve for Q, we isolate it by multiplying both sides of the equation by Q:
$20Q = $840
Next, we divide both sides by $20 to find the quantity of units sold:
Q = $840 / $20
Q = 42 units
Now that we know the quantity of units sold, we can calculate the average revenue (AR) by dividing the total revenue (TR) by Q:
AR = $840 / 42
AR ≈ $20
It's important to note that average revenue represents the revenue per unit sold and is equal to both marginal revenue and price in a competitive market. In this case, the firm's average revenue is $20, and 42 units were sold to generate a total revenue of $840.
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Which statement best explains the decrease in manufacturing jobs over the next few years?
1)There is not enough demand for manufactured goods.
2) These jobs are often outsourced to overseas factories.
3)There are not enough skilled workers to fill the positions.
4)The cost of technical training and on-the-job training is high.
Answers
Answer:
2) These jobs are often outsourced to overseas factories.
Explanation:
The correct option is B. These jobs are often outsourced to overseas factories which best explains the decrease in manufacturing jobs over the next few years.
What is the effect of outsourcing jobs?Outsourcing jobs enables American businesses to compete more effectively on a global scale. With abroad branches, they are able to sell to foreign markets. By employing in developing nations with lesser standards of living, they maintain low labor prices. As a result, the prices of the commodities they ship back to the US are reduced.
Production outsourcing has significant effects on labor and material costs, with a tendency to drive up material costs and drive down labor costs. This study also demonstrates that process techniques do not moderate the impact of high levels of supplier integration on total COGS.
The best choice is B. The loss in manufacturing jobs over the next years can be best explained by the fact that these positions are frequently outsourced to manufacturers in other countries.
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HELPPP
As technology continues to become a bigger part of our lives, it is also becoming a big part of the restaurant world with some fast food restaurants even using large touch screens where customers can place their orders, pay at the machine, and then wait for their order number to be called. What are these high-tech machines called?
A. technological food service
B. self-serve food ordering
C. non-restrictive food ordering
D. automated food ordering system
Answers
Answer: self-serve food ordering
Explanation:
Self-service kiosks or self-ordering kiosks are customer-facing devices that allow customers to place orders and make payments without the assistance of a cashier.