Answer:
Firm should not shut down, as it is able to cover its Average Variable Cost
Explanation:
Perfect Competition firms in Short Run : The firms produce even if their average revenue (price) < their average total costs (AC). They continue production until Average variable cost (AVC) ≥ per unit price (P) i.e average revenue (AR). This is called Shut Down Point. P lower beyond AVC implies that firm won't continue even in short run.
Given : Variable Cost (VC) = 500 ; Revenue (R) = 510
Average Variable Costs & Average Revenue are variable costs & revenue, per unit quantity. AVC = VC / Q ; AR (P) = R / Q
R i.e 510 > VC i.e 500
So, R/ Q i.e AR is also > VC / Q i.e AVC
Since AVC > AR (P), firm should not shut down
Answer:
Explanation:
Social business tools like networking and shared workspaces are important for global companies because they allow far-flung coworkers to collaborate and do their work more effectively.
2. Benefits include greater productivity, quicker decision making, and improved customer service. Every types of employees gets different benefits.
3. Cemex is a world wide company with several thousands of employees in more than 49 countries. A company-wide social network allowed employees around the globe to share ideas and collaborate with each other. This will lead to a new product creation.
4. If employees do not get good training on how to use social media, they may harm the company or its brand. If employees does not see the essence in a collaborative workplace, social initiatives may not work.
Answer: A. 41 units
Explanation:
Safety Stock refers to inventory that a company holds in case certain factors cause them to run out of goods to sell.
It is calculated by the following formula;
Safety Stock = Lead time factor * Service factor * Standard Deviation
The desired service factor for a 95% service level as shown in the attached table is, 1.64.
Assume a 1 month lead time factor.
Safety Stock = 1 * 1.64 * 25
= 41 units
The major goal of the Aspire test is to find gaps in students' knowledge
early on and help them get ready for college by tracking their results
and analyzing them looking for things that the students should work on.