Answer:
The correct answer is option a.
Explanation:
The supply curve of a firm is closely related to the cost of production of the firm in a competitive market. If the cost of production is lower the firm will be able to supply more. If the cost of production is higher, the firm will supply less.
The cost of production, on the other hand, depends upon the price of inputs used in the process of production.
Consumer preferences and income tax rates affect the demand for goods. The interest rate on government bonds affects its demand.
Answer:
The correct answer is False.
Explanation:
The identification of risks and their subsequent management is one of the most important aspects in order to maintain control of a project. This allows the project manager to anticipate those situations that may compromise (or favor) the objectives, and define action plans for them in advance.
The first step in identifying risks is to define what a risk is. A risk is a known situation, which may or may not occur, and that if it occurs, will affect our ability to meet the objectives of the project (if it is negative it will be a risk, and if it is positive, an opportunity). Here it is important to highlight known, if we cannot define the situation we cannot consider it, and also the fact of being able to occur, which implies that the management of a risk will be affected by its probability of occurrence.
The identification of risks is developed during the planning phase, once we have defined the scope, the people involved in the project, the tasks to be carried out, and the schedule. Having these well-defined aspects is important because the risks must be related to a particular task (or group of tasks), and may arise from aspects related to the team or time.
Answer: 1. No.
2. Yes.
Explanation:
Price Discrimination is a pricing strategy where suppliers/producers or sellers sell a good to different people at different prices depending largely on their preference and/or capacity to pay for the commodity i.e, if you want it more, you are charged more.
1. Johnny did not like to play Hopscotch, so offering Suzie one day of Hopscotch for two days of bug hunting is fair and no price discrimination occured as he did not offer these terms to someone else who's game he did not like.
2. Sam knew that Johnny really liked playing Slaps so he leveraged on that and offered him more expensive terms so to speak than he did to Bill even though he liked playing the both games equally. This means that he charged Johnny more than Bill simply because Johnny liked and preferred his game alot which is Price discrimination.
The purpose of this assignment is the creation of a research analysis. Every day, consumers make millions of decisions that impact the marketplace and influence firms' decisions. Firms use economic concepts, models, and other "tools" of economics to help determine pricing, output, and profit maximization. As an MBA student of economics, you can apply the "tools" of economics to microeconomic and macroeconomic data to create recommendations for how firms can maximize revenue, profit and market share.
Answer:
c. difference between total variable costs and total costs at a particular activity level
Explanation:
The high low method consists of calculating costs on the basis of highest & lowest activity & comparing their corresponding total costs.
Variable cost per unit is found by : change in cost divided by the change in activity level for two points
Variable Cost per unit = <u>Highest activity cost - Lowest activity cost </u>
Highest activity units - lowest activity units
Fixed Cost is thereafter calculated by subtracting Total Variable Costs from Total Cost
Fixed Cost = Highest Activity Total Cost - [ (Variable cost per unit) x (highest activity units)
Fixed Cost = Lowest Activity Cost - [ (Variable cost per unit) x (lowest activity units)]
