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What are the negative impact of decreasing the interest rate?
1) Decrease in the value of savings causes redistribution of assets. This redistribution has associated costs.2) Increased consumption due to the increased cost of savings causes inflation.
Which of these is not a cost of recession?
low unemployment
What are facts about gas prices?
The main fact about gas prices is that if they rise, so does the cost of everything else. All producers of goods must transport raw materials to the place they're turned into products; all installations (even if it's a home business) use energy to produce products; all products must be transported for distribution. Every step along the way, the increased price of gas is added to the cost of the goods.
How can costs be reduced in purchasing and supply?
Cost can be reduced in purchasing and supply by purchasing in bulk. When businesses purchase in bulk they are able to get discounts from suppliers.
Is Marginal cost the same as opportunity cost?
No. Marginal cost is the added cost of producing one more of something. This type of cost is real and concrete; it actually has monetary value. Opportunity cost is more theoretical. It measures the amount of money / products that could have been made in places other than the job you are currently in. This is very similar to implicit costs.
Did The Erie Canal shortened time but increased the cost of sending products from the West to the East?
Yes, the Erie Canal reduced travel time. You could go up the Hudson River, north, and join the Erie Canal at Albany, New York. From there, you would have taken the Erie Canal to Buffalo, New York. In the 1800s, that would have reduced travel time by at least a week.
Do silversmith products cost the same as it did in colonial times?
No, the cost of labor has increased significantly. In Colonial times the cost of an article silver was largely that of the silver.
Where can one purchase wholesale products at a reduced cost?
There are many stores around where you can buy wholesale products at a reduced cost. Some stores include Costco, and BJ's, Some places on the internet include Dollar Days, CKB Products, and Wholesale Mart.
What are generally defined as high value products?
High value products are products that have a high user satisfaction to cost ratio. When a product is not overly expensive but really delivers on quality it can be considered a high value product.
What are the advantages of globalization for developed countries?
Fall in the cost of products, increased choices of goods and availabilty of goods.
What best describes hyperinflation?
The massive inflation of the cost of products. For example, in Germany, the price of eggs drastically increased due to the printing of money by the government.
State the final impact of cost-push inflation on the price-level and real output?
Cost pushes the price of products up. Demand will decrease. Output will be reduced.
Difference between inrimental cost and variable Cost?
Variable cost is that cost which changes with level of production while incremental cost is that extra cost which increased due to change in alternative products or from selecting one product to another product.
What connection exsited between the high cost of machinery and specialization in agriculture?
The reasons for the decrease in sales were saturation of the farm equipment market, a reduction in the number of farms and the increased use of specialization, changes in technology and the way farm machinery was utilized, an increase in the cost of production versus the value of the agricultural products
Can ifrogz be purchased online?
Yes, ifrogz products can be purchased quickly, safely and easily on line. Online shopping for ifrogz protective products for electronic devices provides flexibility and reduced cost for customers.
Benefits of interorganizational system?
Comparative efficiency1. Internal Efficiency2. Interorganizational EfficiencyBargaining Power1. unique product features2. reduced search related source3. increased switching cost
What is value chain analysis in management accounting?
Value chain analysis is the process to determine which process of production is increasing the value of product and which is not so that the product manufacturing cost can be reduced by eliminating that process from the production chain.
