Answer:
Option d is the right one.
Explanation:
- Marginal research or analysis to optimize future gains as a decision-making method. In comparison to the expenses incurred by this same behavior, it calculates added benefits. The illustration described demonstrates that the marginal gain is smaller than that of the marginal cost.
- This involves purchasing goods until the marginal gain is equal to the marginal cost.
The other options aren't sufficient for the scenario provided. But that will be the best alternative for option d.
Answer:
The economic principle is "people usually exploit opportunities to make themselves better off".
Explanation:
Here, the health club is offering a free one-year membership for the person who attends the most yoga classes in March.
So, there is an opportunity for every individual to get a free one year membership. <em>So, more and more people will try to attend more yoga classes in order to obtain free membership for one complete year. </em>This choice will be made by most of the individuals because they want to get rid of paying fee every month. Hence, <em><u>this will tend every individual to grab and exploit that opportunity to make themselves better off.</u></em>
Thus, the increase in people attending yoga classes is based on the economic principle "people usually exploit opportunities to make themselves better off".
the answer is true well it is on apex anyway i hope its right
Answer:
c. quotas
Explanation:
Quotas refer to minimum criteria to be fulfilled to meet the requirement.
Accordingly in the given instance Rita is given certain quotas to fulfill to meet the job. For this she has to sell at least 5 television sets, which shall be flat screen.
Also she must identify at least 10 potential customers who shall buy flat screen sets in near future.
These are basic conditions which are called quotas.
Answer:
a. 8,000 + 1,000 + 3.2Q
b. 27,000 + 3.2Q
c. 15,000 Units
Explanation:
a. The accounting cost function is shown below:-
Accounting cost function = Fixed Leasing and insurance cost + material cost and supplied cost
= 8,000 + 1,000 + 3.2Q
b. The economic cost function is shown below:-
Economic cost function = Accounting cost + Opportunity cost
= 9,000 + 3.2Q + 3*6,000
=27,000 + 3.2Q
c. The computation of break even point is shown below:-
Break even Point = Total Fixed Cost ÷ Price - Average Variable cost
= 27,000 ÷ 5 - 3.2
= 15,000 Units