Average cost for a meal is $4.
<h3>
Formula:</h3>
Average cost = Total cost/ no. of goods produced
In this case:
Avg. cost = $600/150 = $4
<h3>What is Average Cost ?</h3>
- Calculating average cost, sometimes referred to as unit cost, requires multiplying the entire cost by the quantity of an item produced.
- The average cost has a significant impact on how much firms charge for their products. Average cost, sometimes referred to as average total cost or cost per output unit, is the price paid for an item (ATC).
<h3>How to find the Average cost ?</h3>
- We may calculate the average cost by multiplying the overall cost by the whole volume of output. By dividing the overall cost by the total output, one may get the average cost or production cost per unit.
- The long-term price and supply of a product are determined by the average cost. The typical cost includes normal profits.
- Therefore, if a commodity's price is higher than its average cost, the corporation will profit more. However, if the price is below the average cost, the business loses money.
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Answer: Radial Autos should pursue Backward Integration.
Explanation: Backward integration is the process in which a company purchases or internally produces segments of its own supply chain. Simply put, it is when a company acquires and controls certain inputs that could be utilized in the process of manufacturing its products or services.
This is a competitive strategy, because it lowers the cost of production and this will reflect in the price of the final product.
This is the strategy that Radial Autos should pursue in order to lower cost and reduce risk in interruption of the supply component, because in adopting this strategy, they will have total control over the inputs they use in production.
Hey friends
I believe the answer to this question would be A
Hope i helped
~Katie
Based on the metrics given, we can say that shipping errors were <u>not very impactful </u>on customer questions.
<h3>Relationships between metrics</h3>
- Customer questions kept rising by 2% from the first month till the third month.
- Shipping errors (shipped incorrectly) rose by 2% from the first to the second month and then stayed constant.
What we then realize is that even though questions kept rising, shipping errors only rose once which means that shipping errors did not account for much of customer questions. If it did, the customer questions would have stayed constant as well.
In conclusion, shipping errors were not very impactful.
Find out more on performance metrics at brainly.com/question/4295533.
You will need a law degree
