Answer:
C. Shut down the presses printing my book
Explanation:
Since the average variable cost of producing the book is above the demand curve, the best course of action is to shut down the printing (production) of more books. The author would lose less money by shutting down operations rather than continuing production at a variable cost higher than the demand he's receiving for the books.
In economics, when profit is less than the average variable cost, firms are advised to stop production in the short run and incur economic loss on fixed inputs. This is because with continued operations, total revenue would not only be lower than total cost, but rather, would also be less than total variable cost.
The answer is formal group. A formal group is a cluster or
group of individuals, who decided to work together to achieve and reach a specific
goals. Formal groups are made of individuals committed to fulfill tasks.
According to the given example, this group is created to produce and develop a
new series of skincare products specifically for the individuals over the old
age of sixty (60), the example states that the group is created to develop a
new-line of skincare products, so it is to be considered that the group being
referred to is the formal group, it has indicated that there is a specific goal
that is set for different individuals to come together and fulfill a specific
goal.
Padco averages $15 million worth of inventory in all of its worldwide locations. they operate 51 weeks a year and each week averages $3 million in sales (at cost). their inventory turnover is 10.2 turns.
Inventory turnover is a financial ratio that demonstrates how frequently a company sells and replaces inventory over a specific time frame. The days it takes to sell the company's inventory on hand can then be determined by multiplying the number of days in the period by the inventory turnover formula.
Businesses can improve their decisions about pricing, production, marketing, and the acquisition of new inventory by calculating inventory turnover.
Inventory turnover quantifies how frequently a business can replenish the stocks it has sold during a specific time period. A slower ratio suggests either strong sales or insufficient inventory, while a quicker ratio suggests either weak sales or high sales.
The industries with the largest inventory turnover rates tend to be those with low margins and high volumes, like supermarkets and merchants.
Learn more about inventory turnover here:
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Answer:
The correct answer is A. Brazilian tomato producers are worse off.
Explanation:
A country has a comparative advantage in producing a good and service if its opportunity cost of producing that good and service is lower than that of its trading partner. So it is better off for a country that has a lower opportunity cost in production a good or service to specialise in that good or service.
Brazil has a comparative advantage in coffee production, meaning, it is better off in specialising in the production of coffee and will be worse off if Brazil specialises in Tomato
Mexico has a comparative advantage is Tomato, meaning, she is better off in specialising in Tomato and worse off if she specialises in Coffee
