A firm would be experiencing a loss but still be producing if the price is Below $5 but above $4.
When does a firm decision not to produce any output its loss equals?
If the company decides to cease operations and stop generating any output, its revenue is, by definition, zero. By definition, its variable cost of production is also zero, making the overall cost of production for the company equal to its fixed cost.
Under which condition would the firm be incurring a loss?
When producing nothing offers better returns than creating some q units of output, a firm would be better off ceasing operations, for example. This states that if average variable expenses are higher than the price of the good, the company would be better off closing up shop since it cannot pay its variable costs as well.
Why would a firm that incurs losses choose to produce?
When sales fall short of total costs, losses happen. Even though the company is losing money, it is better to produce in the short term rather than closing down if revenues exceed variable expenses but not total costs.
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Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
A company's offers are shaped through the process of product service management, also known as product/service management, in response to customer demand brought on by changes in the marketplace. A product service manager (PSM) foresees consumer needs and then directs the creation of products to address them.
Discovering new product opportunities, maintaining current products, and getting rid of items that have turned into liabilities are all part of product service management. advantages
The following are some advantages of product service management:
- Provides customers with things they desire to buy, hence improving a business's earnings.
- With novel and cutting-edge items, it can increase the number of customers
- When products are properly managed, there is less risk of failure and more potential for success.
The market opportunity is unrealized market potential that enables companies to take advantage of untapped markets.
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Options:
a. Fall
b. Shift the long-run aggregate supply curve to the right
Answer:
b. Shift the long-run aggregate supply curve to the right
Explanation:
Indeed, in the long run the aggregate supply or the number of available unemployed workers in the economy would increase, due to an increase in the number of those looking for jobs, since they stand to get reduced unemployment benefits.
This change would be clearly visible if plotted on a labor supply graph. In a sense, the unemployed no longer want to remain unemployed because of reduced unemployment benefits.
Answer: Averaging
Explanation:
From the question, we are informed that the department heads of a plastics company sit down to discuss next year’s budget. We are informed that fabrication says that two of their extruders are outdated and need to be replaced; accounting explains that without at least two more staffers, they can’t keep up with the books; shipping wants additional funding to cover the rising cost of gasoline and that sales believes they could obtain more clients with a larger travel fund. It was realized that everyone wants a larger budget this year.
The strategy that'll be most effective in this situation is averaging. Averaging simply occurs when group members have to hassle, bargain and yhen negotiate before a compromise is reached. In this scenario, this will be the best option.
Answer:
Multiplier or k = 1.428571429 rounded off to 1.43
Explanation:
A change in consumer income leading to an increased consumer spending based on the Marginal propensity to consume or MPC can have a much larger effect in the economy due to the multiplier. A multiplier is the is the amount of new income that is generated form an addition of extra income.
The marginal propensity to consume or MPC is the percentage of the additional income that will be used for consumption spending. The formula to calculate the multiplier, also denoted as k, is:
k = 1 / (1 - MPC)
k = 1 / (1 - 0.3)
k = 1.428571429 rounded off to 1.43
