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2 years ago

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Business

1 answer:

GenaCL600 [577]2 years ago

3 0

The information given regarding the marginal revenue is illustrated below.

<h3>How to illustrate the information?</h3>

Marginal revenue is the increase in revenue that results from the sale of one additional unit of output.

While marginal revenue can remain constant over a certain level of output, it follows from the law of diminishing returns and will slow down when the output level increases.

Here, the price effect dominates the quantity effect so he cannot increase the production from 7 units to 8 units.

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A(n) ________ industry is one that is characterized by a large number of firms of approximately equal size.

Elina [12.6K]

<span>An fragmented industry is one that is characterized by a large number of firms of approximately equal size. fragmented industry is the large of the share and market to be able to influence the industry direction. fragmented industry in individual owner and individual business are used.</span>

8 0

3 years ago

The focus of what a person or organization ought to do in when faced with a particular situation is referred to as: a. Substanti

galben [10]

Answer:

c. Normative ethics

Explanation:

Ethics involves the study of the moral principles and guidelines that determines how an individual behaves. Since people and organizations operate in a social environment, where they interact with other organizations and people, ethics has to be considered to improve how people and organizations act and behave.

1. Substantive ethics

Substantive ethics involves the formulation of guiding principles that can be used during cases of ethical dilemma.

2. Emotional ethics

It consists of the feeling and intuition that play a major role into how people behave in a given situation.

3. Normative ethics

It involves the study of ethics by looking at how an individual ought to act and the implications of that behavior. It involves asking questions about how one needs to behave in a given situation then considering the ethics of that action. It is a kind of predetermined cause of action that an individual is supposed to apply in order to arrive at specific ethical behavior.

4. Behavioral ethics

Behavioral ethics involves the study of ethical and unethical behavior and coming up with reasons as to why individuals choose to behave ethically or unethically.

6 0

3 years ago

Rica Company is a price−taker and uses a target−pricing approach. Refer to the following information:Production volume602,000un

loris [4]

Answer:

Desired profit for the year = $2,329,000

Explanation:

Using the given information, we have

Production volume = 602,000 units

Market price = $34

Operating income desired = 17% of total assets

Total Assets = $13,700,000

Operating income = $13,700,000 $\times$ 17% = $2,329,000

Therefore desired profit = $2,329,000

therefore with this information desired profit per unit = $2,329,000/602,000 = $3.869

Target cost per unit = $34 - $3.869 = $30.131

Desired profit for the year = $2,329,000

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3 years ago

The environment of business impacts all of the other environmental influences

bija089 [108]

Explanation:

The global environment affects all of the other environmental influences such as the economic, legal, and social environments because: the increase in free trade among nations and technological changes have created globalization and increased competition.

hope it will help you

7 0

2 years ago

Iggie took a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2003, she had been promoted to

tiny-mole [99]

Answer:

$36,000

Explanation:

The computation of the lggie's salary is shown below:

= (Iggie salary in 1974) × (2003 price index ÷ 1974 price index)

= ($10,000) × (180 ÷ 50)

= $10,000 × 3.6

= $36,000

Since we have to compute the 2003 salary based on 1974 salary so we consider the 1974 salary and took the 2003 price index as a numerator and 1974 price index as a denominator.

8 0

3 years ago