Answer: Option (B) is correct.
Explanation:
Correct option: Decreasing marginal product.
Marginal product is the change in the level of output, when there will be an extra input employed in the production of a certain commodity.
So, Marginal Product = 
Where,
Q = Output
I = Input
Marginal product of 1st bag = 500
Marginal product of 2nd bag =
= 300
Marginal product of 3rd bag =
= 100
∴ From the above calculations, we can seen that as we employed one more bag of seeds as a result marginal product goes on diminishing.
Hence, Joan's production function exhibits decreasing marginal product.
Answer:
Voluntary Turnover
Explanation:
The kind of turnover that is represented in this scenario is <u>voluntary turnover</u>. Voluntary turnover is a kind of turnover that transpires when employees freely want to leave their jobs. Employees might want to depart their works for an assortment of purposes. They may feel disappointed with their job or their payment either they may be exploring a profession change rather they may have acquired different offers.
Answer:
Products Selling price Unit variable cost
$ $
Junior 50 15
Adult 75 25
Expert <u>110 </u> <u> 60</u>
Total <u> 235 </u> <u> 100</u>
The sales price per composite unit = $235
The contribution margin per composite unit
= Composite selling price - Composite unit variable cost
= $235 - $100
= $135
Break-even point in units
= <u>Fixed cost</u>
Contribution per unit
= <u>$114,750</u>
$135
= 850 units
Break-even point in dollars
= Break-even point in units x Composite selling price
= 850 units x $235
= $199,750
Income Statement
$
Total contribution ($135 x 850 units) 114,750
Less: Fixed cost <u>114,750</u>
Net profit <u> 0</u>
Explanation:
Sales price per composite unit is the aggregate of all the selling prices.
Contribution margin per composite unit equals composite selling price minus composite unit variable cost.
Break-even point in units is fixed cost divided per composite contribution margin per unit.
Break-even point in dollars equal break-even point in units multiplied by selling price.
Income statement is prepared by deducting the total fixed cost from the total contribution.
Answer:
The price per ticket should be $37.5
Explanation:
First we need to determine the change in demand (attendance) as a result of every $1 increase in the price of ticket.
The ticket price increased by $4 (from 50 to 54) and the demand fell by 400 (from 2500 to 2100). The change per dollar is, 400 / 4 = 100.
So, for every $1 increase in price, demand falls by 100.
The revenue is calculated by multiplying price by quantity demanded. Revenue equation will be,
Let x be the change in price from $50.
Revenue = (50 + x) * (2500 - 100x)
Revenue = 125000 - 5000x + 2500x - 100x²
Revenue = 125000 - 2500x - 100x²
To calculate the price that maximizes the revenue, we need to take the derivative of this equation.
d/dx = 0 - 1 * 2500x° - 2 * 100x
0 = -2500 - 200x
2500 = -200x
2500 / -200 = x
-12.5 = x
Price should be 50 - 12.5 = 37.5
At price $37.5 the revenue of the Opera House is maximized.
The first advised will be to carry our a survey that will show peoples opinion.
<h3>What is the importance of consulting?</h3>
Consultancy involves asking important question and guidelines form an expert.
It is done in achieving success in a particular project or Job.
The first step will be to run a survey on the adoption of the new technology.
Therefore, The first advised will be to carry our a survey that will show peoples opinion.
Learn more on survey below
brainly.com/question/196770
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