Answer:
option (b) 3
Explanation:
Data provided in the question:
AC = 2Q + 3,
MC = 4Q + 3
Here,
Q represents the firm's output in units
and costs are measured in dollars
Market price = $15
Now,
At the condition of profit-maximizing
Market price = MC
or
⇒ $15 = 4Q + 3
or
⇒ $15 - $3 = 4Q
or
⇒ 4Q = $12
or
⇒ Q = 3 units
Hence,
The answer is option (b) 3
Answer:
outsourcing
Explanation:
outsourcing is what companies use to reduce production costs by contracting some business activities to other businesses.
hope this helps:)
Answer:
a. charged any ticket price above $0 for the four remaining seats
Explanation:
Marginal cost refers to the extra expense incurred by a business in producing as an additional unit. For a business to be profitable, its marginal cost should be equal or greater than the marginal revenue.
The Get-There-Safe Bus company has a marginal cost of zero or an additional passenger. It means the cost associated with selling one more passenger ticket is zero. For the bus company to be profitable, it must sell an extra ticket at a price greater than the marginal cost. Therefore, a price greater than zero will result in profit.
Answer:
Arbitration
Explanation:
Arbitration is a type of dispute resolution method. In arbitration, two or more conflicting parties engage an independent third party who listens and considers the evidence presented by all parties before making a decision. The arbitration process is conducted by a single arbitrator or a tribunal of three arbitrators.
An arbitrator is required to be experienced in the arbitration process. His or her role is similar to that of a judge. An arbitrator may have legal experience or be knowledgeable in the matters causing the dispute. The decisions of an arbitrator are enforceable in a court of law. The arbitration process is much faster and cheaper compared to the court process.
Answer:
The correct answer is letter "D": standing-room-only.
Explanation:
Standing-room-only is a sales closing technique by which the clerk creates scarcity of a product to hurry the buyer to purchase the good otherwise there might not be samples available if the buyer decides to wait to make a decision.
By making the product "<em>limited</em>", clerks make buyers place special attention on that product even if it does not deserve it since the seller might be manipulating the information at will. Buyers must try to confirm if what the seller is true or if the clerks are just trying to push the sale.
