Suppose a profit-maximizing firm has experienced a $100 decrease in its fixed costs. This change, everything else held constant, has caused a decrease in the firm's marginal cost.
Marginal cost is the cost of producing one more unit of output and it includes variable costs such as labor, materials, and energy. However, fixed costs are not included in marginal cost because they do not change as output changes. Therefore, a decrease in fixed costs leads to a decrease in the firm's overall costs, which in turn reduces the marginal cost.
This means that the firm can produce each additional unit of output at a lower cost after the decrease in fixed costs. As a result, the firm can lower its prices and/or increase its output, which can lead to an increase in revenue and profits. Alternatively, the firm can maintain its prices and enjoy higher profits due to the lower marginal cost.
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how to write a table of content
The table of contents should include all of the front matter, primary material, and back matter, as well as the chapter titles, page numbers, and bibliography. A decent table of contents should be simple to read, correctly formatted, and finalized to ensure complete accuracy.
a matrix or grid of information with columns and rows. a table including a number of mathematical calculations.
After the title page, begin a new page.
List the document's headings in alphabetical order.
Include subheadings if necessary.
Give each heading a page number.
Place the information in a table.
the Table of Contents' title.
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When using the high-low method, if the high or low levels of cost do not match the high or low levels of activity, ______.
Answer:
Choose the periods with the highest and lowest level of activity and their associated costs.
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Why are the incoming mails registered in the office? Give reasons,
Answer:
because they send the mail to you as it enter the mail or mailbox is a delivery
The pre-approved amount of money that a bank is willing to lend a credit card holder is the credit __________. A. Balance B. Rating C. History D. Limit
Answer:
Limit
Explanation:
Answer:
D. Limit
Explanation:
What is a trade off.
Answer:
the exchange of something valuable
Explanation:
Answer:
A trade-off is exchange something of value, especially as part of a compromise.
Explanation:
factors that can shift the production possibility curve inward
Answer:
See below
Explanation:
An inward shift of the production possibility curve represents a decline in a country's productive capacity. In other words, the production possibility curve will shifts inwards due to a reduction in a nation's production capacity.
factors that may cause the production capacity to reduce and the production possibility curve to shift inwards include
Natural disasters, including droughts, floods, and earthquakes, can have destructive effects on a country. They reduce the production potential by destroying infrastructure, factories, land quality, and decreasing labor.Violent protests, Wars, terrorism, and political disturbances can hamper economic activities and shift the curve inwards.A recession causes capital investment to drop. It means that workers are using older, less efficient machinery, which causes output per worker to decline.all of the following are reasons that explain how specialization can increase production, except
The reason that explains specialization can increase production except it allows people to do the jobs they love the most.
Option B is correct.
Specialization :A person's focus on very specific tasks that are best suited to them based on their skills and knowledge is known as specialization. Companies and nations can use this idea because they focus on producing a small number of products that they excel at because they have the raw materials, knowledge, or technology to do so.
What ways can specialization boost output?Workers are able to concentrate on a few or even one task because their work is divided among them. They become more efficient at a single task when they concentrate on it more, requiring less time and less money to produce.
Is there a link between specialization and growth?People who specialize in a particular area occasionally develop novel methods or technologies that significantly boost productivity. All parties involved in economic transactions benefit from higher living standards as a result of increased specialization.
Incomplete question :
All of the following are reasons that explain how specialization can increase production, except Select the correct answer below:
A. it can generate economies of scale
B. it allows people to do the jobs they love the most
C.it can allow workers to focus and produce more quickly and with higher quality
D.it allows workers to focus on the parts of the production process where they have an advantage
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Part A:
Use the exchange equation below to answer the following questions.
There has been a 3% change in the money supply and a 1% change in velocity. In order to balance the exchange equation, what percentage of change needs to occur on the right side of the equation?
Part B:
If the annual percent change in velocity is 2% and the percent in quantity is 5%. what would the percent change in money supply need to be to have a 0% change in price? Show work.
the percent change in the money supply needed to have a 0% change in price would be a 3% increase.
a. The percentage change needed to balance the exchange equation would be 3%.
b. The percent change in the money supply needed to have a 0% change in price would be a 3% increase.
What percentage of change needs to occur?According to the exchange equation MV = PQ, where M is the money supply, V is the velocity, P is the price level, and Q is the quantity of goods and services exchanged. To balance the exchange equation, the percentage change in M multiplied by the percentage change in V must equal the percentage change in P plus the percentage change in Q.
Therefore, (3%) x (1%) = (P%) + (Q%); P% + Q% = 0.03
What would the percent change in money supply need to be to have a 0% change in price?Using the same exchange equation MV = PQ, if the percent change in V is 2% and the percent change in Q is 5%, then we can write:
5% = (M%) + 2%
M% = 5% - 2%
M% = 3%
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Major sources of foreign direct investment in terms of frequency and dollar amount are Group of answer choices fair trade programs. startup organizations. venture capitalists. transnational corporations. microfinance.
Venture capitalists are the main sources of foreign direct investment in terms of frequency and dollar amount.
What are Venture Capitalists?Corresponds to the purchase of businesses through shareholding, whose purpose is to increase the value of shares for subsequent exit.
Therefore, the venture capitalists provides an equity fund for companies with high growth potential, supporting their development with the aim of achieving substantial return on investment (ROI).
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the magnitude of operating leverage for perkins corporation is 4.5 when sales are $100,000. if sales increase to $110,000, profits would be expected to increase by what percent? a. 4.5% b.14.5% c.45% d.10%
It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).
What is Operating Leverage?The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.
Magnitude of operating leverage= 4.5
Old sales= $100000
New sales= $110000
Percentage increase in sales:
(New-old)/old = (110,000-100,000)/100,000
= 10%
Consequently, a percentage rise in profit might be anticipated:
sales percentage growth times the degree of operational leverage
= 10% * 4.5
= 45%
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are credit unions safer than banks during recession
It is important to consider various factors, credit unions can be considered safer than banks during a recession due to their member-oriented structure, risk management practices, and government insurance coverage.
During a recession, credit unions can be considered safer than banks for a few reasons.
1. Structure and Ownership: Credit unions are member-owned, not-for-profit financial institutions. This means that the members have a say in the operations and policies of the credit union. In contrast, banks are usually owned by shareholders and aim to maximize profits. As a result, credit unions may prioritize the best interests of their members, potentially leading to more conservative lending practices.
2. Risk Management: Credit unions tend to have more conservative lending standards and focus on local communities. They often have stricter underwriting criteria and may have a lower exposure to risky investments compared to banks. This approach can help credit unions avoid excessive risk-taking and potentially reduce the impact of a recession.
3. Government Insurance: Credit unions are often insured by the National Credit Union Administration (NCUA) in the United States. Similar to the Federal Deposit Insurance Corporation (FDIC) for banks, the NCUA provides deposit insurance for credit union members. This insurance coverage helps protect depositors' funds in case of a credit union failure, offering an added layer of security during a recession.
Therefore, while it is important to consider various factors, credit unions can be considered safer than banks during a recession due to their member-oriented structure, risk management practices, and government insurance coverage.
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Sohar is a manufacturing company which provided the following particulars for a process: 6 OMR per hour Time Rate 10 hours per day, 100 units per day Standard time and quantity Mazin = 500 units, Khalid = 400 units, Maryam = 550 One working week manufacture in units: Standard payment per week 300 OMR per week Calculate the total earnings for each worker in week time, [considering they are working 5 days a week] under Gantt's Task System.
Gantt's Task System is a technique for scheduling production activities that assigns specific tasks to employees based on their individual abilities. It allows managers to set realistic goals for employees, monitor progress, and improve efficiency.
Sohar is a manufacturing firm that has provided the following information for a process.
6 OMR per hour Time Rate10 hours per day, 100 units per day
Standard time and quantity
Mazin = 500 units, Khalid = 400 units, Maryam = 550 units
One working week manufacture in units:
Standard payment per week 300 OMR per week.
Calculate the total earnings for each employee in a week under Gantt's Task System if they work 5 days a week. Gantt's Task System is an efficient technique for scheduling manufacturing activities and ensuring that each employee completes their duties as efficiently as possible. It divides tasks into smaller units that can be assigned to individual workers based on their skills and abilities.
In this scenario, the company's standard time is 10 hours a day, and the standard quantity is 100 units a day. So, each worker must produce 500/5 = 100 units per day for Mazin, 400/5 = 80 units per day for Khalid, and 550/5 = 110 units per day for Maryam.
Therefore, the total time required by Mazin, Khalid, and Maryam to produce their standard quantity of 100 units a day is as follows:
Mazin: 100 units/day x 6 hours/unit = 600 OMR/week
Khalid: 80 units/day x 6 hours/unit = 480 OMR/week
Maryam: 110 units/day x 6 hours/unit = 660 OMR/week
The standard payment per week is OMR 300.
As a result, Maryam will earn the most money, followed by Mazin, and then Khalid. Each worker will be paid for five days of work, so their total earnings will be calculated by multiplying their daily earnings by five:
Mazin: 600 OMR/week x 5 days/week = 3000 OMR/week
Khalid: 480 OMR/week x 5 days/week = 2400 OMR/week
Maryam: 660 OMR/week x 5 days/week = 3300 OMR/week
In conclusion, based on Gantt's Task System, the weekly earnings of each worker are as follows:Mazin: 3000 OMR/week
Khalid: 2400 OMR/weekMaryam: 3300 OMR/week
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Managers are accountable to some stakeholders whose interests they represent. These
stakeholders are:
Customers
Employees
Owners
Shareholders
Society
Government
1. Conduct a research to explain how is management responsible to EACH of these stakeholders. [18 marks]
pls help me
Answer:
see explanation
Explanation:
Stakeholder is anyone interest in the operation of a company or affected by the decision of the company.
Each stakeholder has its own interest and this is listed below :
Customers
They expect to receive value for money out of the firm products or services.
Employees
They are looking up to management for better remuneration for their manpower.
Owners
They seeking a maximum return from their investment in the company. Management run the company on their behalf as stewards.
Shareholders
They also seek maximum return from their investment in the company.
Society
The community expects the company to be a good corporate citizen and improve the social factors of employment, sustainability and environmental issues
Government
The government expects the company to be tax compliant and to pay its dues on time.
Which of the following refers a reduction the production and availability of a good or service in due to a decrease in its market price? a. An increase in the supply for a product b. An increase in the quantity supplied for a product C. A decrease in the supply of a product d. A decrease in the quantity supplied for a product
Answer:
B. an increase in the quantity supplied for a product.
Michelle docker has selected a Sonic Electric toothbrush that is on sale for 25% off. She also has a store coupon that reads "Take 15% off any already reduced price." How much will she pay for the toothbrush if she was originally Priced 79.99? What is the rate of Reduction?
The rate of reduction on the Sonic Electric toothbrush is 36.25%.
What is the rate of reduction?A sale and a coupon would reduce the price of an item.
Price of the toothbrush after the sales discount = original price x (1 - reduction)
$79.99 x (1 - 0.25)
$79.99 x 0.75 = $59.99
Now, we would determine the price of the toothbrush after the coupon has been used.
Price after coupon = reduced price x ( 1 - 0.15)
$59.99 x 0.85
= $50.99
Rate of reduction = [( final reduced price / original price)] - 1 x 100
[(50.99 / 79.99)] - 1 x 100 = 36.25%
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What is an investment portfolio?
A. A selection of varied accounts
B. A selection of varied instruments
C. A selection of varied applications
D. A selection of varied stocks and bonds
Answer:
In finance, a portfolio is a collection of investments aka stocks and bonds!
Which type of economic system is based on individual choice and free enterprise?
Answer:
Market Economy
Explanation:
A market economy has freedom of choice and free enterprise. Private entrepreneurs are free to get and use resources and use them to produce goods and services. They are free to sell these goods and services in markets of their choice. Governments can't be involved in these types of economies and businesses are run by the people.
5. An example of nonstore retailing is the vending machine from which you purchased a soda.
Nonstore retailing refers to the sale of products or services through channels other than physical stores. This type of retailing has become increasingly popular with the rise of e-commerce and the availability of online platforms. Nonstore retailing can take many forms, including online stores, catalogs, direct mail, and vending machines.
Vending machines are a common example of nonstore retailing. They are automated machines that dispense products such as snacks, drinks, and other consumer goods. Vending machines can be found in various locations, including schools, airports, and office buildings.
One of the benefits of nonstore retailing is convenience. Vending machines allow customers to purchase products without the need for human interaction, which can be helpful in situations where there are no physical stores nearby or during off-hours. Additionally, vending machines can be used to sell niche products that may not be available in traditional retail stores.
In conclusion, the vending machine from which you purchased a soda is an excellent example of nonstore retailing. It is an automated machine that allows customers to purchase products conveniently without the need for human interaction. Nonstore retailing has become an essential part of the retail landscape, providing consumers with more options and convenience than ever before.
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Which job role involves designing user interfaces to carry out difficult tasks?
A.
technical support specialist
B.
network administrator
C.
network engineer
D.
software auditor
E.
software engineer
Answer:
E. software engineer
Explanation:
The job role that involves designing user interfaces to carry out difficult tasks would be software engineer.
A software engineer by definition refers to someone that applies engineering and computer science principle to develop workable software solutions for different problems.
User interfaces generally represents a medium through which users and computer interact via the use of input devices and software.
The correct option is E.
Which of the following skills are required to be an effective project manager?
Answer:
The most important skills of a project manager include communication, teamwork, time management, budgeting
Explanation:
Following are the characteristics of effective project manager
The communication skills of project manager should be effective in nature.
The project manager should have central leadership expertise.
The Project managers should have decision-making skills because the best decision makes the company in profit.
In a good project manager, his team members can express their goal really well.
The project manager tends to keep his peace of mind the whole time and is continuously focused so not to stop losing himself and potentially impact his team culture..
The project manager also takes care of time and submit the project in time.
The effective project manager also keeps in mind the budget before starting the project.
All the other options are not related to skills of effective project manager that's why they are incorrect option.
Need help with graph please
18 points
Answer:
D point is the right answer according to the graph.
what is federal income tax of someone who makes 52,000 a year in 2020
Nonmanufacturing costs include ______.
insurance on plant equipment
assembly-line worker wages
company president's salary
sales commissions
Nonmanufacturing costs, also known as non-production costs, are expenses that are not directly associated with the production of goods or services. These costs are typically divided into two categories: selling expenses and general & administrative (G&A) expenses.
In the given options, "insurance on plant equipment" and "assembly-line worker wages" are not considered nonmanufacturing costs, as they are directly related to the production process. Insurance on plant equipment is a production cost associated with the maintenance and protection of the equipment, while assembly-line worker wages are a part of direct labor costs in the manufacturing process.
On the other hand, the "company president's salary" and "sales commissions" are examples of nonmanufacturing costs. The company president's salary falls under the G&A expenses category, as it is an indirect cost associated with the overall management and administration of the organization. Sales commissions are part of selling expenses, as they are costs incurred in promoting and selling products or services to customers.
In conclusion, nonmanufacturing costs include the company president's salary and sales commissions, while insurance on plant equipment and assembly-line worker wages are considered manufacturing or production costs. These distinctions are crucial for understanding and managing an organization's financial performance and cost structure.
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What is true about contemporary Indian Economy
Answer:
There is a great scope for its growth in the future.
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by what date must taxes be filed in the united states?
Answer:
april 15
Explanation:
its a direct question the isnt an explanation
QuestionWhen economists say that the demand for a product has increased, they mean that the _________________.Ademand curve for the product has shifted to the rightBprice of the product has fallen, and consequently consumers are buying more of the product.Ccost of producing the product has increasedDamount of the product that consumers are willing to purchase at various prices has increased.Medium
When economists say that the demand for a product has increased, they mean that the consumers are willing and able to purchase more at any given price.
When an economist says that the demand for a specific commodity has increased, he or she wants to explain that the consumers or buyers are willing to consume further affair at the same price position, which is farther represented by a rightward shift in the demand wind.
In economics, demand depicts the nature and geste of a consumer when he makes buying opinions in the request. The law of demand is applicable for normal goods as it describes the downcast leaning wind for a product whose volume demanded increases with the drop in the price position and vice-versa.
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Using productivity software ensures that the end product will look professional.
Answer: false
Explanation:
on edge 2021
Answer: The answer is false
Explanation:
props to the other dude, give them brainliest
The additional income from
selling one more unit of a good
O increasing marginal returns
O diminishing marginal returns
O marginal revenue
O marginal product of labor
O marginal cost
C, marginal revenue
Explanation: Marginal revenue is the additional income from selling one more unit of a good. It is usually equal to the price.
Happy to help, have a great day! :)
1. Daisy’s Donuts needs your help in calculating their break-even point. They pay $3000 in rent and $2000 in other fixed costs per month. The cost to make each donut is $0.10. Daisy sells her donuts for $0.50 each.
a. How many donuts must Daisy sell to break even each month?
b. What is Daisy’s profit margin?
Andy’s car wash washed 2000 cars in June. The cost of water, soap, and hydro to wash each car are $2.00. Andy charges $5.00 for each car wash. His total fixed costs are $9000.
c. Did Andy break even in June? How do you know?
Bep = fixe9000/5-2
= 9000/3
= 3000 cars
d. How much profit or loss did he have for the month?
2. May purchases scarves for $30 and sell them for $100.
a. What is her profit margin?
b. What is her markup?
c. If she discounted the scarves by 10%, what would the new price be?
Stylogel wants to price a new style of the pen for the retail market. Its fixed costs will be $500 000 per year. It is examining three price points to the retailer: $1, $2.50, and $5, with a manufacturer’s suggested retail price of $2, $5, and $10 respectively. The variable costs of the pens depend on the price point. The $1 pen has variable costs of $.25 because it has little packaging and is made of basic materials. The $2.50 pen has little packaging as well, but the materials are of better quality, so its variable costs are $.50. The $5 pen is made of metal and comes in a gift box; therefore, its variable costs are $2 per pen. Advise Stylogel as to the price it should select.
You have decided to start up your own business for the summer rather than getting a summer job. A business contact that you know can supply you with Nike “knock-off” hooded sweaters at $10 each. The sweaters look the same and are of similar quality to true Nile sweaters that retail in other stores for $60 each. The “knock-off” sweaters have the brand name “Nik” and a swoosh logo very similar to the Nike sweaters.
You go and visit your local shopping mall and find out that there are two possible Kiosk locations that you can rent for July and August. The Kiosk that rents for $500 per week is located at the far end of the mall behind the food court. You note that there is not much shopper traffic in this area as most shoppers just grab something to eat and return to the main mall. The other Kiosk rents for $1000 a week and is located right in the middle of the mall, in front of a store that sells Nike sweaters. Both locations have additional utility costs of $250 per week.
You are going to hire a sales associate to run the Kiosk since you rather be playing golf during the summer. You calculate that this helper will work 35 hours per week. The going rate for sales associates in the mall is $10 per hour and 10% commission of the sales they make. You notice that there are several stores in the mall with “sales help wanted” signs.
Answer the following questions:
Determine all the fixed costs. These are the costs (expenses that remain the same irrespective of how much you sell.
How much would you pay your employee? Give at least 2 reasons for your choice.
What is the relationship between the selling price and demand for the sweaters?
What else, other than price affects the demand for the sweaters? Indicate at least 2 different strategies that you can try to increase the demand for your sweater.
Establish a selling price. Give at least 2 reasons for your choice.
What are your variable costs (expenses that are directly related to how much you sell – the more you sell the higher they are)?
Based on your selling price, what is your profit per sweater sold (how much do you make for every sweater sold?
Determine how many sweaters you have to sell before you start making money (to cover all your fixed and variable costs).
Your golf membership and pay fees for the summer are $6,000. How many sweaters are you going to have to sell to make sure that you make enough profit so that you can play all summer?
Answer:
I think the first one is 6000. Im not sure about the others though
Explanation:
I hope this helped!
Gross Profit Method: Estimation of Fire LossOn September 28, 2016, a fire destroyed the entire merchandise inventory of Carroll Corporation. The following information is available:Sales, January 1–September 28, 2016 $560,000Inventory, January 1, 2016 $170,000Merchandise purchases, January 1–September 28, 2016 (including $60,000 of goods intransit on September 28, 2016, shipped FOB shipping point) $472,000Markup percentage on cost 25%Required:What is the estimated inventory on September 28, 2016, immediately prior to the fire?CARROLL CORPORATIONCalculation of estimated inventory onSeptember 28, 2016 (prior to the fire)Beginning inventory $Purchases on hand Cost of goods available for sale $Less: Cost of goods sold Inventory on hand September 28, 2016, and destroyed by the fire $
Beginning inventory on January 1, 2016 was $170,000. Merchandise purchases from January 1, 2016 to September 28, 2016, including goods intransit on September 28, 2016, were $472,000. The cost of goods available for sale is $642,000 ($170,000 + $472,000).
The markup percentage on cost is 25%, therefore the cost of goods sold is $420,000 ($560,000 x 75%). Subtracting the cost of goods sold from the cost of goods available for sale gives us the inventory on hand as of September 28, 2016, which is $222,000 ($642,000 - $420,000). However, the entire inventory was destroyed by the fire, so the estimated inventory on September 28, 2016, immediately prior to the fire is $0.
To estimate the inventory on September 28, 2016, immediately prior to the fire, we can use the Gross Profit Method. Here's the calculation for Carroll Corporation.
1. Beginning inventory (January 1, 2016): $170,000
2. Purchases on hand (including in-transit inventory): $472,000 (including $60,000 of goods in-transit, shipped FOB shipping point)
3. Cost of goods available for sale: $170,000 (beginning inventory) + $472,000 (purchases on hand) = $642,000
4. Markup percentage on cost: 25%
Next, we need to determine the cost of goods sold (COGS):
5. Sales, January 1 - September 28, 2016: $560,000
6. Gross profit: $560,000 * (1 - 25%) = $560,000 * 75% = $420,000
7. COGS: $560,000 (sales) - $420,000 (gross profit) = $140,000
Finally, we can estimate the inventory on September 28, 2016:
8. Inventory on hand September 28, 2016, and destroyed by the fire: $642,000 (cost of goods available for sale) - $140,000 (COGS) = $502,000
So, the estimated inventory on September 28, 2016, immediately prior to the fire, is $502,000.
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