Costs and supply

Question 1 of 10

Ghana's One District, One Factory programme aims mainly to

Question 2 of 10

Fixed costs are GH¢10,000 and the variable cost is GH¢5 per unit. What is the total cost of 2,000 units?

Question 3 of 10

Costs that do not change with output, such as factory rent, are

Question 4 of 10

A list of all the parts and raw materials needed to make a product is the

Question 5 of 10

Unit cost is

Question 6 of 10

Outsourcing means

Question 7 of 10

Fixed costs GH¢50,000; variable cost GH¢30/unit; price GH¢55/unit. Break-even output is

Question 8 of 10

Transport, storage and delivery of goods are part of

Question 9 of 10

Economic order quantity balances

Question 10 of 10

Raw materials bought but not yet used are part of