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1 year ago

a. The equality of MR and MC is essential for profit maximization in all market structures because if

1 answer:

ozzi1 year ago

3 0

The equality of MR and MC is essential for profit maximization in all market structures because if MR and MC are equal, any other output level will result in reduced profits.

<h3>What is profit maximization?</h3>

This is when a firm or an organization is able to make profit from its produced. Profit maximization is the traditional approach and the primary objective of financial management.

When profit is maximized there is a high revenue which can be used for business expansion. Profit maximization is the core goal of every business that can be cons. It implies that every decision relating to business is evaluated in the light of profit.

Learn more about profit maximization here: brainly.com/question/13464288

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A lawnmower manufacturer estimates that the probability of a fatal accident caused by the design of its product is 1/10,000 and

Wewaii [24]

Answer:

790,000, i.e. $79 x 10,000= 790,000 . Yes, the manufacturer should change the design. 666,667 (when it goes from 1/10,000 to 1/15,000). It is 500,000 (when it goes from 1/10,000 but 1/20,000) . No, the benevolent social planner would not agree with the manufacturer's decision.

Explanation:

In the estimates provided by the manufacturer, the total cost of the design is equivalent to $79 x 10,000= 790,000. There should be an alteration in the design to remove the necessary precautions. If the probability is different from the estimate provided by the manufacturer, the planner will disagree with the decision made by the manufacturer. For example, a change to 1/15000 will make the total cost to be approximately $666,667.

3 0

2 years ago

Event sponsorship is not an effective public relations tool. The most common publicity-based tool is the press conference. Marke

Mariana [72]

Public relations (PR) is the process of maintaining a favorable image and building associated with events, sponsorships and other PR-related activities.

<h3>What is Public relations?</h3>

The practice of managing and disseminating information from an individual or organization to the public in order to influence their public perception is known as public relations. The distinction between public relations and publicity is that PR is controlled internally, whereas publicity is not controlled and is contributed by third parties.

Public relations professionals create and maintain a positive public image for a business or organization. They generate media, ranging from press releases to social media messages, that shape public opinion of the company or organization and raise brand awareness.

To know more about Public relations follow the link:

brainly.com/question/20313749

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7 0

9 months ago

______ is a structured program in which a high-potential trainee is groomed for a management position through a carefully design

vitfil [10]

Answer:

Management training program.

Explanation:

Management training program is a structured program in which a high-potential trainee is groomed for a management position through a carefully designed sequence of short-term job transfers and rotations, gaining experience with various parts of the business, often with increasing levels of challenge and responsibility.

Basically, it is a structured program which is typically designed and focused on improving a high-potential trainee's skills such as communication, listening, empathy, oratory abilities, etc, in order to make them to be more productive, valuable, an effective leader, and leverage on new opportunities that would help the organization achieve success in their set goals and objectives, as well as enhance their competitive advantage over rivals in the industry.

7 0

3 years ago

Aztec industries produces bread which goes through two operations, mixing and baking, before it is ready to be packaged. next ye

solniwko [45]

Given the table showing <span>next year's expected costs and activities below:

$\begin{tabular}
{|C||C|C|}
 & Mixing & Baking\\[1ex]
Direct labor hours&411,000 DLH&91,000 DLH\\
Maching hours&811,000 MH&811,000 MH\\[1ex]
Overhead costs&\$534,300&\$411,000
\end{tabular}$

Pard A:

</span><span>Aztec's departmental overhead rate for the mixing department based on direct labor hours is given by the mixing department's overhead cost divided by the mixing department's direct labor hours.

Thus, </span><span>departmental overhead rate for the mixing department based on direct labor hours is given by:

$\frac{\$534,300}{411,000\ DLH} =\bold{\$1.30\ per\ DLH}$

Part B:

</span>Aztec's departmental overhead rate for the baking department based on direct labor hours <span>is given by the baking department's overhead cost divided by the baking department's direct labor hours.

</span><span>Thus, <span>departmental overhead rate for the baking department based on direct labor hours is given by:

$\frac{\$411,000}{91,000\ DLH} =\bold{\$4.52\ per\ DLH}$

Part 3:

</span></span>Aztec's departmental overhead rate for the baking department based on machine hours <span>is given by the baking department's overhead cost divided by the baking department's machine hours.

</span><span>Thus, <span>departmental overhead rate for the baking department based on machine hours is given by:

$\frac{\$411,000}{811,000\ MH} =\bold{\$0.51\ per\ MH}$ </span></span>

7 0

3 years ago

What is the one area in the list below in which manufacturers do not have to use due care?

Sonja [21]

The one are in which manufacturers do not have to use due care is :
using adequate test marketing
They only need to use it in an area where they may unintentionally cause harms to other people

6 0

2 years ago