Answer:
$86.67 is the profit maximizing price for the monopolist
Explanation:
In order to find the profit maximizing price for the monopolist using its price elasticity and marginal cost we have to use the formula
Price= Marginal cost* (elasticity/elasticity+1)
Marginal cost = $65.0065
Elasticity = -4
Price = 65.0065 *(-4/-4+1) = 65.0065*(-4/-3)= 86.67
Liabilities and owner's equity
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Answer: on-the-job training
Explanation:
On-the-job training is a method in which employees are trained by observation and imitation of their superiors.
It is an efficient method of learning because it involves 'doing' that is practical.
The employees learn the skills required to carry out their functions in the workplace and also get familiar with the working environment.
On-the-job training also helps to reduce the organization's cost of training new staff. They don't need to pay to training instructor or send new employees to take courses concerning their functions.
On-the-job training methods includes the following:
1) Coaching
2) Job rotation
3) Job instructional training
4) Mentoring
5) Apprenticeship
6) Understudy
Answer:
21.71%
Explanation:
We know that
Degree of operating leverage = Change in operating cash flow ÷ Change in the output level
3.3 = Change in operating cash flow ÷ 0.065789
So, the percentage change in OCF = 3.3 × 0.065789
= 21.71%
The Change in the output level is computed below
= (Increased output - normal output level) ÷ normal output level
= (81,000 units - 76,000 units) ÷ 76,000 units
= 5,000 units ÷ 76,000 units
= 0.065789
