Safety products currently outsources an electrical switch that is a component in its sprinkler systems. the switches are purchased for $23 each. the company is considering making the switches internally and has conducted a study to determine the costs involved. the costs below are projected annual production costs: unit-level material cost $ 4 unit-level labor cost $ 3 unit-level overhead $ 2 batch-level cost (9,000 units per batch) $ 26,000 product-level supervisory salaries $ 48,000 allocated facility-level costs $ 41,000 assume that the company needs 18,000 of the switches, which would be produced in two batches. assume also that the company will still be operating within the relevant range. if safety decides to make the parts under these conditions, the total relevant costs will be:

Theodore is researching computer programming he thinks that this career has a great employment outlook so he’d like to learn if it’s a career in which he would excel what to skills are important for him to have and becoming a successful computer programmer

Which of the following best explains why large companies have an advantage over smaller companies? a. economies of scale make it possible to offer lower prices. b. the production possibilities frontier is wider for a larger company. c. decreasing marginal utility enables more efficient production. d. increasing the scale of production leads to a reduction in inputs.2b2t

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level