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Supply is the quantity of a good or service that a producer is willing and able to supply onto the market at a given price in a given time period.Cost business aim to maximise profit and reduce cost.Therefore an increase in production cost will result in a shift along the supply curve because the firm might not be able to supply as much at the same price. Resulting in a decrease in quantity supplied
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How can globalization negatively affect the environment in the US?
by encouraging factory farms to increase production even when doing so pollutes water supplies
Costs of a production that affect people who have no control over how much of a good is produced?
spillover cost
How does price increases affect production decisions?
Assuming you mean price of supplies: Finding ways to optimize the processes and making production more efficient and less costly. Or the good old staff lay offs.
What is the affect of a per unit tax on marginal cost of production?
a per unit tax directly affects the marginal cost schedule by increasing the value of each marginal cost at each value by the amount of the tax
how does acid precipitation effect the economy?
acid rain helps companies lower their production cost, which then allows them to increase their profits and expand their production at the expense of others since it could poison their water supplies, which can ultimately lead local economies to collapse
Is factory supplies a direct cost?
Factory supplies are those items which used in production but not directly related to production of products that's why not part of direct cost rather indirect cost.
Is supplies a variable cost?
Yes, supplies are typically considered a variable cost because their total cost can fluctuate based on the level of production or business activity. As a company produces more goods or provides more services, the demand for supplies usually increases, leading to higher costs. Conversely, if production decreases, the costs for supplies will also decline. Thus, supplies directly correlate with the volume of operations.
How does subsidy affect supply?
It decreases cost of production and increases supply.
How can globalization negatively affect the environment in the US?
by encouraging factory farms to increase production even when doing so pollutes water supplies
What are examples of problems with the world's food supplies?
Global warming may affect globai food production, the overuse of pesticides which is said to be killing all the bees will affect plant pollination.
Costs of a production that affect people who have no control over how much of a good is produced?
spillover cost
How does price increases affect production decisions?
Assuming you mean price of supplies: Finding ways to optimize the processes and making production more efficient and less costly. Or the good old staff lay offs.
What does switch mode power supply mean in computer applications?
A switch mode power supply is chosen for an application when its weight, efficiency, size, or wide input range tolerance make it preferable to linear power supplies. Initially the cost of semiconductors made switch mode supplies a premium cost alternative, but current production switch mode supplies are nearly always lower in cost.
How does the addition of sodium carbonate affect the cost of producing glass?
The addition of sodium carbonate in glass production can affect the cost by increasing it, as sodium carbonate is an additional material that needs to be purchased. However, it can also improve the melting behavior and quality of the glass, which may reduce other production costs in terms of energy consumption and wastage. Overall, the impact on cost will depend on the specific production process and the desired quality of the glass.
How does the cost of production and the selling price affect the profit?
As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.
What is the journal entry for cost of supplies used?
debit supplies expensecredit supplies inventory
Production cost formula?
cost of production formula
