Answer: B. The firm hires 45 workers and earns a $1200.00 Economic Profit
Explanation:
According to the table, when the Market Equilibrium Wage Rate is $105, the number of workers to hire would be 45 and the revenue would be $7,425.
If 45 workers are hired, they would cost:
= 45 * 105 per worker
= $4,725
Added to the fixed cost, the total cost would be:
= 4,725 + 1,500
= $6,225
The profit would be:
= Revenue - cost
= 7,425 - 6,225
= $1,200
Answer:
<em>Surveys and questionnaires allow you to collect data efficiently and economically from groups of people.</em>
Explanation:
<em>Surveys are research often used to assess opinions, thoughts, and feelings of people towards a subject area or environment. it can either be limited or specific or they also can have more widespread goal which can be global.</em>
<em>Questionnaires is a set of questions written or printed with answer choices , devised for the purposes of a statistical study or survey.</em>
Answer:
different time horizon
Explanation:
The time horizon is a certain time when a planned event/process expected to be finished. A different department can have different considerations/priorities when making the ideal time horizon. In this case, the marketing team wants the product released faster(in the first quarter) to capture market share as the main consideration. But the production team who responsible for the product quality wants more time to develop the product.
Answer:
7.69%
Explanation:
The official unemployment rate includes people who do not have a job but are able to take a job and are currently seeking one.
People with part time jobs are considered employed.
Littleville has 1,000 residents, 600 are employed = 400 do not work but how many are considered unemployed:
400 - 240 (under age 16) - 10 (institutionalized) - 100 (are not looking for work, including students and homemakers) = 50 unemployed
Littleville's unemployment rate = number of unemployed / total labor force = 50 / (600 + 50) = 50 / 650 = 7.69%
Operations management are multiple activities that create value for consumers by way of a good or service. The create the good or service and put them out in the market.
When planning a managing a large product you need to make sure that the phases are follow throughly and accurately.
Phase 1) Planning
Phase 2) Scheduling
Phase 3) Controlling
