Money is any item that serves as a medium of exchange for goods and services.
Answer: There were many shortcomings in the organizational culture of Mattel setting.
Explanation:
Mattle would have been influenced in a more positive direction, if the following factors were implemented in the relation.:
1. If the company had reviewed its goal, it could redefine its product.
2. The managers not allowed the design of new products that would be meeting the changing needs of the customers.
3. Mattle should have adopted an organizational structure that could be useful in production and could be helpful in changing the market demands.
Answer:
D. total variable costs
Explanation:
A purely competitive firm should produce in the short run if its total revenue is sufficient to cover its <u>total variable costs</u>.
In short run, fixed cost had to be incurred even if it shuts down. So it should operate as long as price is greater than average variable cost.
Answer: $8750
Explanation:
The amount of gross margin that resulted from these business events will be calculated as:
Purchase = $10000
Less: Purchase discount = $10000 × 2% = $200
Add: Freight paid = $450
Total purchase = $10250
Gross margin = Sales - Total Purchases
= $19000 - $10250
= $8750
Answer:
consumer income rises; pizza dough decreases in price
⇒ output increases; price uncertain
- higher consumer income results in higher prices
- but decrease in the price of inputs results in lower prices
- both result in higher output
consumer income falls; pizza dough decreases in price
⇒ price decreases; output uncertain
- both result in lower prices
- falling consumer income result in lower output
- decrease in the price of inputs results in higher output
consumer income falls; cheese increases in price
⇒ output decreases; price uncertain
- both lower output
- falling consumer income decreases price
- increase in price of inputs increases price
consumer income rises; cheese increases in price
⇒ price increases; output uncertain
- both increase price
- rising consumer income increase output
- increase in price of inputs decreases output
