Answer:
D, Take actions that are appropriate to reach goals given available information.
Explanation:
Rational in economics can be said to be a situation where an individual or company takes the best decisions to reach his/her or its goals.
This could also mean that the ability to make a decision that maximizes the accomplishment or benefits for an individual.
cheers.
Answer:
Degree of operating leverage= 1.4
Explanation:
Giving the following information:
Sales $6,160,000
Variable costs (4,620,000)
Contribution margin $1,540,000
Fixed costs (440,000)
Operating income $1,100,000
<u>To calculate the degree of operating leverage, we need to use the following formula:</u>
degree of operating leverage= Total contribution margin / operating income
degree of operating leverage= 1,540,000 / 1,100,000
degree of operating leverage= 1.4
Answer:
5
Explanation:
Calculation for What is the marginal cost of the last bucking bronco produced
using this formula
Marginal cost of the last bucking bronco produced=Daily wage rate/Marginal product
Let plug in the formula
Marginal cost of the last bucking bronco produced=$60 each/12 bucking broncos per day
Marginal cost of the last bucking bronco produced=5
Therefore the Marginal cost of the last bucking bronco produced will be 5
B. Ordinal is the Equal Employment Opportunity Act which requires employers to classify their employees by gender and national origin