Answer:
increase
Explanation:
Break-even point is used to determine the minimum number of units a business needs to sell in order to fully cover the fixed costs. The break-even formula is below;
Break-even = Fixed cost / (Sale price - Variable cost)
If sales price (SP) decreases while keeping other factors; variable cost(VC) and fixed cost(FC) constant, the denominator amount will be smaller, making the break- even point to increase.
I will use one the technology to boast my work output so that i can be more efficient in my business dealings and boast productivity.
<h3>What is the role of technology?</h3>
The use of technology is one that has helped a lot of business professionals to be more and more efficient in their work output.
Therefore, I will use one the technology to boast my work output so that i can be more efficient in my business dealings and boast productivity as it also helps to keep employee information safe.
Learn more about technology from
brainly.com/question/11265745
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Answer: 0.48
Explanation:
P(A/B) = P(AnB)/P(B) where:
P(A/B) = The probability of event A occurring given that B has occurred.
P(AnB) = The probability of both events A and B occurring.
P(B) = the probability that event B occurs.
So let
P(A) = Probability that the residents of a household own 2 cars.
P(B) = Probability that the annual household income is greater than $25,000.
The question tells us that
P(A/B) = 0.8
Note that: P(A) = 0.7, P(B) = 0.6.
Since we want to work out P(AnB), because it gives the probability that residents have an annual household income over $25,000 and own 2 cars.
We would Rearrange our initial equation to make P(AnB) the subject formula becoming;
P(A/B) = P(AnB)/P(B)
P(B)*P(A/B) = P(AnB)
So, inserting our probabilities into this equation gives:
0.6*0.8 = 0.48
Answer:
Purchases= $1,091,000
Explanation:
Giving the following information:
Beginning Raw materials inventory = $549,000
Ending Raw materials inventory= $612,000
The raw materials used in production= $1,028,000.
<u>To calculate the raw material purchased, we need to use the following formula:</u>
Purchases= production + ending inventory - beginning inventory
Purchases= 1,028,000 + 612,000 - 549,000
Purchases= $1,091,000
Answer:
Portion of its marginal cost curve that lies above its average variable cost curve.
Explanation:
This is explained to be the portion of its marginal cost curve because marginal gross benefits exceeds marginal cost, the firm can earn greater profits by increasing its output.
These profits are been maximized by choosing to supply the level of output where its marginal revenue equals its marginal cost. When this revenue is below the said marginal cost, money is lost, and consequently, it must reduce its output. Profits are however utilized when the firm chooses the level of output where its marginal revenue equals its marginal cost.
