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zhuklara [117]
4 years ago
5

Suppose a hat manufacturer currently sells 2,000 hats per week and makes a profit of $5,000 per week. The plant owner observes,

"Although the last 300 hats we produced and sold increased our revenue by $1,000 and our costs by $1,100, we are still making an overall profit of $5,000 per week so I think we're on the right track. We are producing the optimal number of hats."Using marginal analysis terminology, another economic term for the incremental revenue received from the sale of the last 300 hats isQuestion options:A. gross profit.B. gross earnings.C. marginal revenue.D. sales revenue.
Business
1 answer:
elena-14-01-66 [18.8K]4 years ago
7 0

Answer:

The correct option is (C)

Explanation:

Marginal revenue refers to the revenue generated as a result of selling an additional unit of product. It is another term for incremental revenue. Marginal analysis is analyzing and comparing additional benefit (revenue) earned against cost incurred on the same.

Here, company is analyzing revenue as compared to the cost incurred in producing 300 hats. So, incremental revenue earned from selling 300 hats is called marginal revenue.

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Moments of truth may be direct contacts with customer representatives or service personnel, or when customers read letters, invo
VARVARA [1.3K]

Answer:

It is true that moments of truth may be direct contacts with customer representatives or service personnel, or when customers read letters, invoices, or other company correspondence.

Explanation:

There are a number of reasons why customers could be dissatisfied with the goods or services they pay for. Most times, they do not know where to channel their complaint to.

When they are opportune to have one on one contact with the customer service, they ask all their questions and get answers.

Documentation is very key in customer/client relationship

The letters, invoices an other correspondences spell out the details of the transaction in questions and is usually a reference point when customers complaint are being treated.

3 0
4 years ago
All American National Company earned $240,000 last year. The board of directors decided to pay out one-half of the firm's earnin
NNADVOKAT [17]

Answer:

d) the value of the firms retained earnings is now $860,000

Explanation:

If All American National Company earned $240,000 last year, and the board of directors decided to pay out one-half of the firm's earnings to the stockholders.

That implies that dividends of $120,000 will be paid out (50% x $240,000) while the balance $120,000 will be retained in the company

Hence, if before the board's decision, the firm's retained earnings were $740,000. Then thereafter, the figure will include the $120,000 that will be retained from profits after dividend payout.

$740,000 + $120,000 = $860,000

6 0
4 years ago
Which of the following changes can take place in the long run? A.labor force b.machinery c. Technology. D. All of these can be c
ehidna [41]
D. All of these can be changed in the long run
4 0
3 years ago
Government can reallocate resources of an economy through taxes, ________ payments, and by providing direct services..
malfutka [58]

Answer:

B. transfer 

Explanation:

Transfer payment is when income is received and neither goods or services are exchanged.

Transfer payment is a form of reallocation of resources.

I hope my answer helps you

5 0
3 years ago
During later project stages, as pressures to meet project schedule goals increase, the culture of the project is more conducive
Vikki [24]
The statement above is FALSE.
During later project stages, .........................., the culture of the project is LESS conducive to making changes in work progress.
When a project is drawing to a close, it becomes relatively difficult to make important changes to the project plan. At this stage, any change in plan that is effected will be much costly compare to if the change has been made in the earlier stages.
7 0
3 years ago
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