The breakeven point is that when the total revenue is equal to the total cost of production. If we let x be the average selling price, the total revenue would be,
6000x
Given the conditions above, the total cost would be,
(6000)(6) + 24000
At breakeven,
TR = TC
Substituting,
6000x = (6000)(6) + 24000
The value of x from the equation is 10
Answer: $10
Answer: To increase sale by 10%, the seller must lower the price of the good by 12.5%.
Explanation: Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price. Since, demand and price for a normal good are negatively related to each other, price elasticity is also negative. It can be calculated using,
Therefore, to increase sale by 10%, the seller must lower the price of the good by 12.5%.
Answer:
The correct answer is Scientific Management
Explanation:
The Principles of Scientific Administration is a monograph published by Frederick Winslow Taylor in 1911. This influential monograph, which ordered the principles of scientific administration, is a transcendental text of modern organization and decision theory that has motivated students and administrators about administrative technique. Taylor was an American manufacturing manager, mechanical engineer, and subsequently an administrative consultant in later years. This character is commonly known as "The Father of the Scientific Administration." His approach is also referred to as Taylor Principles or Taylorism.
Answer:
$1.56, $1.56
Explanation:
Break-even point on a Put option is the Net of premium cost. Your exercise price is $1.60, it includes the premium price paid to the seller. The break-even point for the will be $1.56 ( $1.60 - $0.04 ) and for the seller it will also be $1.56 because there is no transaction cost is involved and the premium received is an income for him.
Answer:
The value, if any, of the results of the $50 million spent so far, plus the $20 million
Explanation:
The value, if any, of the results of the $50 million spent so far, plus the $20 million