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3 years ago

In perfect competition, each additional unit of output that a firm sells will yield a marginal revenue that is:

Business

1 answer:

il63 [147K]3 years ago

4 0

Answer:

The correct answer is equal to price.

Explanation:

A perfectly competitive firm is a price taker. This is because of the large number of firms, no single firm is able to influence the price. So each firm faces a horizontal demand curve. This horizontal line shows demand, marginal revenue, and average revenue.

The price level is determined at the point where the marginal cost is equal to price. The marginal revenue is always equal to price because the price is fixed at a point, each output level is supplied at the same price.

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The merchandising team, which includes lead buyers, buyers, assistant buyers, and merchandising assistants, scours the earth for

Aleksandr-060686 [28]

Answer: (C) Category management

Explanation:

The category management is one of the strategic approach process that manage all the retailing and the purchasing business in an organization.

In the category management the various types of products and the services are purchased by the specific organization.

The main advantage of the category management is that it provide greater satisfaction to the client and also provide the efficient supplier relationship and the performance.

Therefore, Option (C) is correct.

3 0

3 years ago

In which paradigm, should special emphasis be placed on the selection of the items to be included in the last increment?

Ratling [72]

The three main types/models of paradigm are:
1- waterfall paradigm
2- Incremental paradigm
3- spiral model

In the incremental paradigm, special emphasis should be placed on the selection of the items to be included in the last increment.
The incremental paradigm is based on the idea of developing separate pieces of software, then integrating these pieces together.

5 0

3 years ago

In Macroland there is $12,000,000 in currency. The public holds half of the currency and banks hold the rest as reserves. If ban

Rashid [163]

Answer:

C.$48,000,000; $54,000,000

Explanation:

First we lay out the data

Currency (C) = $6,000,000

Reserves (R) = $6,000,000

Reserve-Deposit Ratio (rr) = 12.5%

To find deposits we simply solve a rule of three. Reserves are 12.5% of what deposits are:

X 100%

6,000,000 12.5%

6,000,000 x 100/12.5 = 48,000,000

So Deposits (D) are $ 48,000,000

Now, to find the money supply, we must solve this equation

M = m x B

Where M = Money supply, m = money multiplier and B = monetary base

Monetary base is equal to currency in hands of the public + reserves, so:

B = C + R

B = $6,000,000 + $6,000,000

B = $12,000,000

The money multiplier equals to

m = (cr + 1)/(cr + rr)

cr is currency - deposit ratio

In this case currency is $6,000,000 and deposits are $48,000,000, so the currency-deposit ratio (cr) is the same as the reserve-deposit ratio (rr) = 12.5%

Now we plug the amounts into the formula, remember that we must convert percentages into decimals when solving an equation:

m = (0.125 + 1) / (0.125 + 0.125)

m = 4.5

Finally, we can solve for the money supply. Money supply is equal to the monetary multiplier times the monetary base:

M = m x B

M = 4.5 x $12,000,000

M = $54,000,000

8 0

3 years ago

Lock Division of Morgantown Corp. sells 80,000 units of part Z-25 to the outside market. Part Z-25 sells for $40, has a variable

Kisachek [45]

Answer:

The effect on Morgantown's overall profit is $140,000 decrease in Morgantown's profits

Explanation:

In order to calculate the effect on Morgantown's overall profit we would have to make the following calculations:

Contribution margin per unit for Lock Division = Selling price – Variable costs = $40 - $22 = $18

Contribution lost by lock division if Cabinet division buys from outside = $18 * 10,000 = $180,000

Cost per unit saved by Cabinet division = $40 - $36 = $4

Total cost saved by cabinet division = $4 * 10,000 = $40,000

Net decrease in profit = Contribution lost – Cost saved = $180,000 - $40,000 = $140,000

Therefore, the effect on Morgantown's overall profit is $140,000 decrease in Morgantown's profits.

3 0

3 years ago

ichael McNamee is the proprietor of a property management company, Apartment Exchange, near the campus of Penscola State Colle

sertanlavr [38]

Answer:

Option "A" is the correct answer to the following statement.

Explanation:

Business Entity Assumption state that businessman and business are a different entity.

Under the Business Entity Assumption, Personal assets and Company assets are always different, Personal assets will never show in the Company's balance sheet.

In the case of Michel McNamee his bank account and personal home in not recorded in the company's book.

5 0

3 years ago