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What else can I help you with?
What is the use of resources and machinery to produce goods and services?
good
Advantages and disadvantages of the Factory system?
Some of the Advantages of the Factory System were...- It brought workers raw materials and machinery- It was located near transportation routes, which would be good for trade- Near water power- It was near natural resources
What happens to cost inflation when any item of cost increases independently of changes in demand?
Inflation still takes place, you are paying more for a good or service than what the previous cost was. This increase could be due to an increase in labor costs, production costs, materials cost, market saturation exponents or consumer utility.
How does the existence of externalities affect demand and supply in a market with externalities?
An externality (an action that has an uncompensated effect on someone else) causes the market equilibrium to fail to maximize the total benefit to a society. The government must then influence the behaviour of buyers and sellers through Pigovian taxes (a tax that equals the cost on the bystanders) and subsidies. A negative externality has a negative effect on bystanders causing the cost to society (social cost) to be greater than the private cost to the suppliers. The social cost curve lies above the private cost curve and the difference between the two is the cost of the good on the bystanders. The government uses a Pigovian tax to influence sellers to produce the good at the social cost, causing the price of the good to increase and therefore the quantity demanded to decrease. The intersection between the social cost curve and the demand curve becomes the optimum quantity. A positive externality has a positive effect on bystanders causing the value to society (social value) to be greater than the private demand of the buyers. The social value curve lies above the private value (demand) curve and the difference between the two is the value of the good on the bystanders. The government subsidizes sellers to influence sellers to produce more of the good at the quantity where the social value curve intersects the private cost (supply) curve. This becomes the optimum quantity.
How do you derive the total cost function from the average cost function?
Average cost = Total cost / number of units of a good produced. So Total cost = Average cost X No. of units of a good produced
What effect does a rise in the cost of machinery or raw materials of raw materials have on the cost of a good?
A rise in the cost of machinery or raw materials typically leads to an increase in the production cost of a good. This increase in production cost is often passed on to consumers, resulting in a higher price for the final product.
Who are good construction management trainers?
A good construction estimator is one who accurately forecast the cost of future projects and compiles and analyzes data of all the factors that can influence construction costs. These cost include construction materials, construction labor, construction location, and special machinery requirements.
How much should you charge for crochet items?
3 times the cost of materials is a good basis to start at
What are good programs to take for machinery training?
A good program to take for machinery training would be the PMMI certification. It's a great thing to have.
How much do rock crushers cost?
Rock crushers are a very expensive piece of machinery used in construction. They can cost in excess of over twenty thousand dollars and so it is wise to shop around to find a good deal.
What is Exodus Effect?
the effect is good
What is COG in suppply chain?
COG stands for cost of goods. Cost of goods are the direct costs attributable to the production of the goods sold by a company. This amount includes the cost of the materials used in creating the good along with the direct labor costs used to produce the good.
What is the use of resources and machinery to produce goods and services?
good
Who was modern farm machinery good for?
Bonanza farmers Apex :)
Is buying used machinery a good idea for my auto dealership?
It may well be, depending on the reputation of the seller and the condition of the machinery. Do your due dilligence.
What are the advantages of using recycled building materials?
There are many advantages to using recycled building materials. First, using recycled building materials is good for the environment and helps to save natural resources. Secondly, the cost of recycled building materials is usually less than buying them new.
Define value added?
Added value is the difference between the selling price of a good or service and the cost of brought in materials or the value of inputs
