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haileyhale5
03.03.2020 •
Business
Live Trap Corporation received the data below for its rodent cage production unit.
OUTPUT INPUT
50,500 cages Production time 630 labor hours Sales price: $3.40 per unit Wages $7.40 per hour
Raw materials (total cost) $31,000
Component parts (total cost) $15,450
Find the total productivity in Units Sold and Dollars of Sales per Dollar Input. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
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Ответ:
Explanation:
Total output = output cages* sales price = 50500 cages * $3.40 per unit = = $ 171,700
Total Input:
Wages = 630 labor hours * $7.40 = $4,662
Raw materials = $ 31,000
Components = $ 15,450
Total input $51,112 [Add up wages, components and raw materials]
1) Total productivity in units sold = Output in units / Input in dollars
=50500 cages/$51,112
=0.99 per dollar input
2) Total productivity in dollars= Output in dollars / Input
=$171,700/51,112 = $ 3.36 per unit input
Ответ:
C. a change in one of the determinants of supply
Explanation:
Some of the factors that can cause a shift in supply includes:
Change in the price of input
Government regulations
Changes in the number of suppliers
Technological advancement
Only changes in price leads to movement along the supply curve
I hope my answer helps you