Answer:
Winston took a very good decision.
Explanation:
If Winston is making economic profit then the decision is good
Economic profit=Total revenue-implicit cost - explicit costs
where,
implicit cost= opportunity cost of best alternative and explicit cost is accounting costs
=150000-(60000+4000)-8000
=78.000
The economic profit is positive, a good indicator that Winston took a good decision.
Answer:
A. file a pegging application with one of the three international currency-management agencies.
Answer:
B) the firm's resource demand schedule.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.
Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.
Marginal revenue can be defined as the additional amount of money that is gained or generated by a business firm from the sales of an additional unit of a product or service.
Hence, the marginal revenue product schedule is equal to the firm's resource demand schedule i.e the quantity of goods demanded at different price level at a specific period of time.
Recently, Sanjay acquired a new client for Xeno Business Products. As his third new client this month, Sanjay would be regarded as an order generator for his business.
<h3>An order getter is what?</h3>
A sales team member tasked with generating leads and convincing consumers to buy is known as an order getter. To persuade potential customers to purchase products, these salespeople look for new clients, make contact with possible leads, and employ a variety of persuasive strategies.
A salesperson who raises the company's sales revenue by obtaining orders from both new and additional orders from current customers is known as an order getter or maker.
Order takers rely on the consumer to make their own purchasing decisions. order getter get to know their clients and have an impact on their purchasing decisions. Building trust with your potential buyer should take up the majority of your effort when you're trying to sell something.
Learn more about order getter: brainly.com/question/15707913
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