Which of the following is true regarding production of services? A. Compared to manufacturing, it is easier for service organizations to identify and measure customers’ needs and performance standards as they do not involve human contact. B. The production of services typically requires a lower degree of customization than does manufacturing. C. Compared to manufacturing, production of services is typically less labor intensive. D. Services are produced and consumed simultaneously E. Services can be pre-built

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

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