Answer:
A. Constant returns to scale.
Explanation:
In the given output function the labor and capital both have function of 0.5 which means if more labor is required then more capital needs to be injected. In the current output there is constant return to scale as labor and capital both are equally employed.
Answer:
Product sales force structure
Explanation:
Product sales force structure: This is a process by which an organization producing different product have sales forces for every products produced such that each salesperson specializes in the selling of a particular product.
GE adopted product sales force structure. They have salespersons for the different products produced in the company such as aviation, energy, transportation, water processing product and technologies.
Product sales force structure promotes specialization of skills in an organization. The salesperson in charge of selling a particular product will have to familiarize with the details of the product so as to give appropriate and accurate information to the consumers regarding the product. The continuity of the act leads to specialization in the sales of that product.
Product sales force structure tend to increase the profits of an organization because salespersons are now professionals in marketing the products.
Answer:
Variable cost = $340,200
Fixed cost = $220,000
Explanation:
Given that,
At Predicted production = 24,200 units,
Fixed costs = $220,000
Variable costs = $435,600
Per unit variable cost:
= Variable costs ÷ No. of units produced
= $435,600 ÷ 24,200
= $18 per unit
Total cost at 24,200 units,
= Variable costs + Fixed cost
= $435,600 + $220,000
= $655,600
Total cost at 18,900 units,
= Variable costs + Fixed cost
= ($18 × 18,900) + $220,000
= $340,200 + $220,000
= $560,200
Note: Fixed cost does not changes with the change in the output level.
Answer:
<em>Create a powerful image of the company</em>
Explanation:
In the modern wireless and competitive business world, <em>communicating the values and distinctive capacities of your business correctly and efficiently is essential to achievement.</em>
A strong business image is critical to the networking and advertising positioning approach of a company.
Answer:
131,250= number of units
Explanation:
Giving the following information:
<u>We need to calculate the number of units to be sold to maintain a profit of $175,000.</u>
Unitary variable cost= $3
Fixed expenses= $350,000
Selling price= $7
Net income= total contribution margin - fixed cost
175,000= number of units*(7 - 3) - 350,000
525,000 = number of units*4
525,000 / 4= number of units
131,250= number of units