All categories

2 years ago

HELPPPPPPP

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.

Learn more about marginal revenue on:

brainly.com/question/25623677

#SPJ1

You might be interested in

Chu kỳ đời sống của cocacola việt nam

Ahat [919]

Djjdkdjdjdjjfjfjrjfjrjf

4 0

3 years ago

Columbia Products produced and sold 900 units of the company's only product in March. You have collected the following informati

blsea [12.9K]

Answer:

Results are below.

Explanation:

Giving the following information:

Units produced and sold= 900

Sales price (per unit) $448

Manufacturing costs:

Fixed overhead 50,400

Direct labor (per unit) 35

Direct materials (per unit) 112

Variable overhead (per unit) 70 (for the month)

Marketing and administrative costs:

Fixed costs (for the month) 67,500

Variable costs (per unit) 14

a. Variable manufacturing cost= 35 + 112 + 70= $217

b. Total cost:

Total variable cost= (217 + 14)*900= 207,900

Total fixed cost= 50,400 + 67,500= 117,900

Total cost= $325,800

Total cost per unit= 325,800/900= $362

c. Total variable cost= 217 + 14= $231

d. The absorption costing method includes all costs related to production, both fixed and variable.

Absorption cost= 217 + (50,400/900)= $273

e. Prime cost= direct material + direct labor

Prime cost= 112 + 35= $147

f. Conversion cost= direct labor + unitary variable overhead

Conversion cost= 35 + 70= $105

g. Profit margin= selling price - total unitary cost

Profit margin= 448 - 362= $86

h. Contribution margin per unit= selling price - total unitary variable cost

Contribution margin per unit= 448 - 231= $217

j. Gross margin per unit= Selling price - absorption cost per unit

Gross margin per unit= 448 - 273= $175

4 0

3 years ago

which one of Porter's generic strategies is achieved by constructing efficient, large-scale facilities

11Alexandr11 [23.1K]

Answer: Overall Cost Leadership

Explanation:

Porter posited that one way a company can attain a competitive advantage in an industry is by overall cost leadership.

This means that the company needs to be able to produce goods and services in a cheaper and more efficient way than its competitors because then it can sell its products for cheaper prices and capture more market share.

One way of achieving cost leadership is by constructing efficient, large-scale facilities that will enable the company to take advantage of economies of scale and achieve less costs per unit.

6 0

3 years ago

Rearden Metals is considering opening a strip mining operation to provide some of the raw materials needed in producing Rearden

melomori [17]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The initial purchase of the land and the associated costs of opening up mining operations will cost $100 million today. The mine is expected to generate $16 million worth of ore per year for the next 12 years. At the end of the 12th year Rearden will need to spend $20 million to restore the land to its original pristine nature appearance.

We need to sum each cash flow until the total initial investment is paid:

Number of years= 100,000,000/16,000,000= 6.25 years

To be exact:

0.25*365= 95 days

It will take 6 years and 95 days to recover the initial investment.

5 0

4 years ago

Which of the following is NOT a function of inventory? O A. To minimize disruptions in the production process OB. To provide sel

yarga [219]

Answer:

1. C. To increase total invested capital

2. B. 98%

Explanation:

(1). An organization monitors its inventory to ensure it has enough quantity of raw materials, so the production process is not disrupted.

Also when an organization purchases inventory in bulk, it gets a discount on the purchase price.

An organization also manages its inventory to ensure it has a range of goods available in anticipation of customers' demands.

Inventory does NOT increase the total amount of capital invested.

(2). Probability (risk) of stockout = 2% = 0.02

Service level = 1 - stockout risk

Service level = 1 - 0.02 = 0.98 = 98%

3 0

4 years ago