A production worker is paid a salary of $650 per month, plus an extra 5 cents for each unit produced during the month. How is this type of labour cost best described?
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- A production worker is paid a salary of $650 per month, plus an extra 5 cents for each unit produced during the month. How is this type of labour cost best described? A: A variable cost B: A fixed cost C: A step cost D: A semi-variable cost
- A production worker is paid a salary of $650 per month, plus an extra 5 cents for each unit produced during the month. This labour cost is best described as ( ) A: A step cost B: A fixed cost C: A variable cost D: A semi-variable cost
- An accountant is paid $30,000 per annum and spends two weeks one month working on appraising project Alpha.Why should the accountant NOT charge half of his month’s salary to the project? A: Because his salary cannot be apportioned B: Because his salary is not incremental C: Because his salary is not a cash flow D: Because his salary is an opportunity cost
- In the above figure, if 4000 bicycles are produced per month, A: marginal benefit is greater than marginal cost. B: fewer bicycles should be produced to reach the allocatively efficient level of output. C: the marginal cost of production is 2 bottles of soda per bicycle. D: Both answers A and B are correct.
- A normal year has 12 lunar months with about _____ days in each month, and during the leap year an extra month is added.（ ）。 A: 29 B: 28 C: 31 D: 30