Marginal cost equals marginal revenue. The additional money that results from raising the quantity is known as the marginal revenue.
Therefore, profit is maximised when marginal cost equals marginal revenue, which is the same as saying when marginal profit equals zero. This additional revenue is also referred to as being "at the margin. In general, marginal revenue tends to decline as production rises for any given level of customer demand. There is no economic gain in equilibrium since marginal revenue and costs
Marginal cost
The additional expense brought on by increasing the quantity is known as the marginal cost. The additional expense at the margin.
Marginal revenue
The additional money that results from raising the quantity is known as the marginal revenue. The additional revenue at the margin.
The XYZ Company is a profit-maximizing firm with a monopoly in the production of pennants. The firm sells its pennants for $10 each. We can conclude that the XYZ Company is producing a level of output at which:
Select one: a. average total cost equals $10. b. average total cost is greater than $10. c. marginal revenue equals $10. d. marginal cost equals marginal revenue.
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Answer:
The advantages of using license strategy are given below.
- Well suited to acheive scale of economies.
- Its helps in charging lower price than rivals.
- Helps to achieve first-mover advantages quickly and easily.
- Less risky strategy as you do not need to invest heavily in capital in the form of machinery, land , building and e.t.c
- Easy do terminate operations as dis-investment is easy in this case.
Answer: Ethical leadership
Explanation: This refers to the leadership style which focuses on honesty, fairness and dignity etc. in the operations of the business. The managers following this style of leadership takes stakeholders satisfaction as their top priority.
In the given case, theo chocolates starts holding same standards for performance within which they hold for their suppliers, thus maintaining their dignity.
Hence from the above we can conclude that this case illustrates ethical leadership style.
Answer: C. Top level managers may pursue their own interests over that of the company.
Explanation:
The scenario given in the question explains that top level managers may pursue their own interests over that of the company.
In the case of sole proprietorship or partnership business, the revenue generated by the firm or the profit made belongs to the owners. In the case of of a Corporation, this isn't the case as the revenue should be used for Shareholders benefits. Sometimes, there may be a conflict of interest which may then bring about a situation whereby the top level managers pursue their own interests over that of the company.
Hence, the correct option is C.
your current salary is $61,950.00. if you received a 5% raise last year then your salary last year before raise was 58,853.
Five percent of 61,950 is 3097 and after subtracting 3097 with the current salary we get 58, 853. Hence 58,853 was the salary before the raise.
The formula to calculate the pay raise in the salary is:
new salary = old salary + old salary * raise %
If you know the raise percentage and want to determine the new salary amount:
Convert the percentage into decimal form.
Multiply the old salary by this value.
Add this new value to the old salary.
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