The price of a firm is equal to its marginal cost in both the short and long run. In both the short and long run, price equals marginal revenue. Firms should increase output as long as marginal revenue exceeds marginal cost, and reduce output if marginal revenue is less than marginal cost.
Revenue is the gross income derived from the sale of goods and services related to the company's main activities. Commercial income is also called sales or earnings. Some companies derive their income from interest, royalties, or other fees.
Revenue is the gross income a business generates from its core business, such as sales of products and services, property rentals, regular payments and interest on loans. Sales are calculated before deducting costs such as discounts and returns.
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Answer:
Personal performance objective
Explanation:
Management by objectives (MBO) is a strategic management model that is targeted at increasing the efficiency of an organization by clearly stating the objectives that are agreed to by both management and employees. According to the theory, having a say in goal setting and action to be carried out encourages participation and devotion among employees.
Answer:
A. center-of-gravity method
Explanation:
The mathematical technique that is being described in the question is called the center-of-gravity method. Like mentioned in the question this is an business technique that is used by businesses in order to find the best possible geographic coordinates for a single distribution point. This location is calculated by considering the Market's surrounding it, Volume of goods shipped, and Shipping Costs.
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Answer:
A. The total cost of the equipment.
Explanation:
Even if Jambon has not used the equipment in 2005 because it can only be used for the product that is to be developed in five years, Jambon still had to pay for the full cost of the equipment.
Because the equipment is laying idle, it is not depreciating. Therefore, the expense that Jambon is not incurring, is the depreciation expense associated with this equipment. This depreciation expense will only be seen in five years, when the product it was bought for is finally completed.