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Masja [62]
3 years ago
6

Although you are really tired after a long run, you are considering meeting a friend at the local track to run a few more miles.

You will choose to keep running if Choose one: A the marginal benefit of meeting a friend at the local track to run a few more miles outweighs the marginal cost. B. the marginal benefit of meeting a friend at the local track to run a few more miles exactly equals the marginal cost. C. meeting a friend at the local track to run a few more miles is free, so the marginal cost is zero. D. meeting a friend at the local track to run a few more miles is guaranteed to be fun, so the marginal benefit is high.
Business
1 answer:
Stels [109]3 years ago
6 0

Answer:

The correct answer is (A)

Explanation:

Marginal benefit and marginal cost are two important factors to make a decision. If the marginal benefit of meeting a friend is higher than the marginal cost I will keep running to meet a friend. Because I am tired, I want the marginal benefit to exceed the marginal cost. In case I am not tired I will choose to meet the friend if MC=MR.

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Marinette Company makes several products, including canoes. The company has been experiencing losses from its canoe segment and
Vesna [10]

Answer:

decrease by 305,000 dollars

Explanation:

Sales            3,300,000

Variavle cost:

materials          710,000

labor                760,000

overhead        560,000  

S&A             <u>    330,000    </u>

total             (2,360,000)

contribution    940,000

<u>fixed cost:</u>

tracable          <u>     (635,000)</u>

operating income 305,000

allocated          <u>    (560,000)</u>

net                         (255,000

The canoes division absorbs 305,000 of the common fixed cost

If discountinued the company as a whole will see their net income decreases by this amount. In the short run, the company should only discontinued a project or division when it is not able to afford their own cost. That is not the case, canoes division afford their own cost is the allocated from other activities of the company that generates this loss.

4 0
3 years ago
Which of the following is a way developing nations are trying to raise living standards? A. Return to traditional ways of farmin
Morgarella [4.7K]
The answer would be: D. Attract investment
When developing nations attract investment from more developed nations, it will open up a lot of job opportunities for the people in the Developed nations. This will make an average citizen in that nation have a higher disposable income that they could spend to increase their standard of living.
4 0
3 years ago
Read 2 more answers
Financial statement analysis: Multiple Choice is primarily used to identify account values that meet the normal standards. is li
Vedmedyk [2.9K]

Answer:

The correct answer is the third option: Provides useful information that can serve as a basis for forecasting future performance.

Explanation:

To begin with, the name of "Financial Statement Analysis" refers to a process done by the managers of a company in the field of businesses that focus primarily in the observation of the financial accounts that the organizations has in order to be able to determine better decision so that they could earn better profits in the future avoiding mistakes previously done. Therefore that this type of analysis has the purpose of providing useful information for the managers so that they can establish better ways of acting and performing in the field.

5 0
3 years ago
Otion Inc. is a relatively new firm in the consumer electronics industry. The company's primary objective is to become the marke
muminat

Answer:

C) Internal production systems that could reduce costs by 30 percent below the current industry standards

Explanation:

VRIO can be defined as the tool used to analyze a firm’s <u>internal resources and capabilities</u> in relation to them being a source of sustained competitive advantage. It purports that organisations have to look inwards for development of competitive advantage.

VRIO is an acronym for a the four qualities that must be possessed if internal competencies must produce competitive advantage:  Value, Rarity, Imitability, and Organization.

Hence in the case of Otion Inc, the right resolve and direction is its <u>internal</u> production systems being able to reduce costs by 30% below industry standards.

The key word is internal.

7 0
3 years ago
Herb Kelleher, founder and long-time chief executive officer of Southwest Airlines, was known for inspiring and motivating his e
marin [14]

Answer:

Interpersonal Skills

Explanation:

Interpersonal skill is the skill that connects one person with other due to the employee's behavior which helps him to get along with others. In other words, when we talk about interpersonal skills we are actually talking about the excellent way of interacting with people that results in better relation, respect, better job environment, motivation of employees, etc.

In this case, Herb Kelleher, the CEO has better relations with his company employees as he interact with the people well which is interpersonal skills.

8 0
3 years ago
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