Answer:
profit maximizing output is 4; $28
Explanation:
Noel’s firm charges the market price for window washing jobs = $30/job
Marginal cost for the 5th unit of output:
= Total cost from 5th unit - Total cost from 4th unit
= $129 - $92
= $37
At 5th level of output, the marginal cost is greater than the market price for window washing jobs.
Therefore, the profit maximizing output is 4.
Profit = (market price × output) - Total cost
= ($30 × 4) - 92
= $120 - $92
= $28
Answer:
The correct answer is b. It implies that prices reflect all available information.
Explanation:
The efficient market hypothesis is a theory initially enunciated by Eugene Fama (1970). It states that the current price of an asset in the market reflects all available information that exists (historical, public and private).
This theory considers that any news or future event that may affect the price of an asset will make the price adjust so quickly that it is impossible to obtain an economic benefit from it. Given this, it is considered a waste of time and money to try to analyze the values, since there will be no undervalued or overvalued assets in the market.
Always agreeing with anyone above you
Not accepting ideas
Lack of communication, up and down and across
Keeping information inaccessible
Not understanding your customers
Staff don't participate in any decisions
No team work, everyone out for themselves
Little chance of advancement
No reward system
Not following their own policies
Inconsistency in products or service
Maybe that's enough, huh?
Explanation:
(1) designing systems that are competitive and efficient; (2) understanding the system requirements of a global business environment; (3) creating an information architecture that supports the organization's goals; (4) determining the ...
Answer:
contribution margin ratio= 0.37
Explanation:
Giving the following information:
Sales= $4,700
Total variable cost= $2,961
To calculate the contribution margin ratio, we need to use the following formula:
contribution margin ratio= (sales - total variable cost) / sales
contribution margin ratio= (4,700 - 2,961) / 4,700
contribution margin ratio= 0.37