Answer:
was it a passage u had to read?
Explanation:
Answer:
B. $6000
Explanation:
Given that
Price = $9
Average total cost (ATC) = $7
Output (Q) = 3000
Two methods can be used in calculating profit in this case.
The first method is
Profit = (price - ATC) × Q
= (9 - 7) × 3000
= 2 × 3000
= $ 6000
The second method is
Profit = Total revenue (TR) - Total Cost (TC)
Where TR = Price × Q = 9 × 3000 = $27000
TC = ATC × Q = 7 × 3000 = $ 21000
Therefore,
Profit = 27000 - 21000
= $6000
Any method used will result to the same answer.
NOTE THAT,
ATC = Total cost / Q.
So change of formula was used to obtain Total cost from this formula.
At the beginning of each workday in the medical office, the receptionist is generally responsible for disengaging the alarm system.
What is receptionist?
An individual who works in an office or administrative support role is a receptionist. The task is typically done in a waiting room, like a lobby or front desk of a company or institution. A person who works for an organisation who is responsible for greeting clients, patients, and visitors as well as taking phone calls is known as a receptionist. A receptionist's tasks may also include room reservations and assignment, visitor registration, cashier work, credit checks, key control, and mail and message service. This administrative department is referred to as the front desk in many hotels. Front desk clerks are another name for these receptionists. To help the businesses they work for, receptionists perform a variety of activities, such as scheduling appointments, filing, keeping records, and other office duties.
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Cross-elasticity of demand is a) the willingness to substitute other products.
If the goods are alternative products, the cross elasticity of demand is tremendous which means that demand for one product will increase when the charge of the alternative product will increase and vice versa
If the products are complementary, go elasticity of demand is terrible which means that once the fee of 1 product will increase, demand for the opposite product decreases and vice versa.
The go-rate elasticity formulation is an equation for calculating the pass-price elasticity of call for (XED) of separate services or products: go rate elasticity (XED) = (% change in call for of product A) / (% alternate of fee of product B), wherein merchandise A and B are exceptional services.
In economics, the pass elasticity of call for or go-price elasticity of demand measures the percentage change of the quantity demanded an awesome to the percentage change in the fee of another proper, ceteris paribus.
The cross elasticity of call for is an economic concept that measures the responsiveness in the amount demanded of one good while the fee for some other correct modifications.
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The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management.
<h3>
What is Risk management?</h3>
The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management. These dangers can be caused by a number of things, such as monetary unpredictability, legal responsibilities, technological problems, strategic management blunders, accidents, and natural calamities.
In order to reduce, monitor, and control the likelihood or impact of unpleasant events or to optimize the realization of possibilities, risk management involves the identification, evaluation, and prioritizing of risks. This is followed by the coordinated and efficient use of resources.
By early risk identification, staff members can lessen the possibility and severity of prospective project risks. There will be a plan of action in place in case something does go wrong. Employees can do this to prepare for the unexpected and improve project results.
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