the price of tea increases. at the same time, robots are developed which prove to lower the cost of production of coffee. in the market for coffee, we should expect price and quantity to react how?

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28-10-2022
Business

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the price of tea increases. at the same time, robots are developed which prove to lower the cost of production of coffee. in the market for coffee, we should expect price and quantity to react how?

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febyyyvaalentina febyyyvaalentina · Answer 1 · 2022-10-31T12:27:34-04:00

With such conditions, what we have to do is reduce the number of employees and start switching to using robots in order to compete.

Production costs are costs incurred by the company during the manufacturing or management process with the aim of producing products that are ready to be marketed. The calculation of this production cost will be carried out starting from the beginning of processing, to finished or semi-finished goods.

The accumulated expenses required by the company to be able to process raw materials into finished products are referred to as production costs. The scope of production costs includes 3 elements, including raw materials, direct labor, and factory overhead. Production costs will be charged to the company until the processing process produces goods that are ready to be sold in the market. Later, these costs will be calculated for per unit of product, making it easier to calculate and take profit figures.

You can learn more about Production costs here brainly.com/question/15173384

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