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1 year ago

What is the most efficient level of output and correponding marketer-hours in the short-run?

1 answer:

7 0

The most efficient level of output and corresponding marketer hours in the short-run is capital for a time period of fewer than four-six months.

The short run is an idea that within a certain time period, at least one input is fixed while others remain variable. In the short run, firms face both variable and fixed costs, which means that wages, output, and prices do not have full freedom to reach a new equilibrium.

In the short run one factor of production, for instance capital is fixed. This is a time period of fewer than four-six months. In the short run, the firm should increase output as long as marginal revenue exceeds marginal cost, and reduce output if marginal revenue is less than marginal cost.

Hence, in the short run, a firm decides how much output to produce in the current facility.

To learn more about short-run here:

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You must pick one of two wagers, for an outcome based on flipping a fair coin. 1. You win $440 if it comes up heads and lose

UkoKoshka [18]

Answer:

See Below

Explanation:

Expected value is the sum of the products of the probability and payoff of each.

Wager 1:

probability of heads and tails, both is 0.5

Win = 440

Loose = 110

So,

Expected Value = 440(0.5) + (-110)(0.5) = 220 - 55 = $165

Wager 2:

Similar to wager 1

Win = 770

Loose = 220

So,

Expected value = 770(0.5) + (-220)(0.5) = 385 - 110 = $275

2nd wager is better, in this sense.

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3 years ago

Miguel is NOT very self-aware. How will this MOST likely affect his upcoming job search process?

Nikitich [7]

Answer:

D. He will have a tough time finding a job that fits his interests.

Explanation:

The other answers require a sense of self-awareness.

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3 years ago

Gail K. Company manufactures waterproof cell phone covers. During the current month, the purchasing manager purchased $26,700 of

Marianna [84]

Answer:

D : $88,800

Explanation:

Cost of goods manufactured :

Direct Material used in production $ 21,300

Indirect Material used in production $ 3,700

Direct Labour $ 34,100

Direct Labour $ 5,900

Manufacturing overhead $ 16,600

Total Manufacturing cost $ 75100

Add:Beginning Work in process inventory $7,200

Less: Ending Work in process inventory $ 0

Cost of Goods Manufactured $88,800

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3 years ago

Obama Company sells its product for $25 per unit. During 2012, it produced 20,000 units and sold 15,000 units (there was no begi

horrorfan [7]

Answer:

Unitary cost= $12

Explanation:

Giving the following information:

direct materials $5

direct labor $4

variable overhead $3

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead) to calculate the product unitary cost.

Unitary cost= 5 + 4 + 3= $12

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3 years ago

The focus of strategic management is ______. A. the integration of all the functional areas of the business to achieve its orga

IceJOKER [234]

Answer:

A. the integration of all the functional areas of the business to achieve its organizational objectives

Explanation:

Strategic management is the process of setting goals for an organisation, analyzing its competitive environment and internal environment, and evaluating strategies that will ensure that the organisation achieve its goals. It covers all the functional areas such as the micro and macro environment of the business.

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3 years ago