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pantera1 [17]
3 years ago
10

A firm has three different production​ facilities, all of which produce the same product. While reviewing the​ firm's cost​ data

, Jasmin, a​ manager, discovers that one of the plants has a higher average cost than the other plants and suggests closing that plant. Another​ manager, Joshua, notes that the​ high-cost plant has high fixed costs but that the marginal cost for that plant is lower than in the other plants. He says that the​ high-cost plant should not be shut down but should expand its operations. Who is​ right? Just considering the short run time​ frame, the manager who is correct is
Business
1 answer:
kakasveta [241]3 years ago
3 0

Answer:

Joshua statement is correct.

Explanation:

Marginal cost:

Is the cost of producing a new unit.

Average Cost:

\frac{Fixed Cost + Variable Cost}{UnitsProduced} = $Average Cost

\frac{Fixed Cost}{UnitsProduced} + $Variable Cost Per Unit= Average Cost

If the marginal cost of this plant is lower than their other plants, it can decrease his average cost by increasing the amount produced.

This increase in production decrease the impact of the fixed cost in the unit price. At more production the average cost will decrease. Because the variable cost keeps at the same value but the fixed cost per unit decrease.

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What courses should high school students take if they are interested in radiology?
belka [17]

A radiologist is a physician who specializes in using medical imaging techniques, such as X-ray and magnetic resonance imaging (MRI), to diagnose and treat diseases or injuries. Education is extensive and includes completion of a bachelor's degree program, medical school, and a residency. Medical licensure is required. A fellowship in a specialized field as well as certification is optional.

A radiologist is a doctor who specializes in diagnosing and treating disease and injury through the use of imaging techniques such as:

X-rays

computed tomography (CT)

magnetic resonance imaging (MRI)

nuclear medicine

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ultrasound

Adequate training, understanding of radiation safety and protection and a Bachelor’s degree is required. If high schools students are interested in radiology. A<span> number of undergraduate students volunteer in medical settings to gain experience. If high school students are interested in radiology, they must take <span>medical school prerequisite courses like biology, chemistry and physics. </span></span>

6 0
3 years ago
You've been taking notes for your boss during his meetings with the Senior Executive for the organization. You notice that every
mr_godi [17]

Answer:

A- Group think

Explanation:

In group think, bad decisions are often made because, rather than consider other alternatives, a group of people agree to a decision suggested by, in most cases, the most superior party in the room.

This form of thinking hides true opinions of other members of the group and though the decision is agreed upon, they could truly not want to be a part of the process.

In this scenario, there is an agreement with the Senior Executive on the plan of action however, nobody is interested in taking up the responsibility to follow through with the plan. This indicates a level of disagreement of other members with the plan regardless of the initially stated agreement with the plan.  

6 0
2 years ago
Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in
Effectus [21]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Apr. 1: Beginning inventory of 490 units for $2.16

Apr. 20: Purchase 420 units for $2.63

Dunbar sold 570 units of inventory during the month.

Under LIFO (last-in, first-out) method, the ending inventory is integrated by the first units incorporated into inventory.

First, we need to calculate the number of units in inventory:

Ending inventory in units= total units for sale - units sold

Ending inventory in units= (490 + 420) - 570= 340 units

Ending inventory ($)= 340*2.16= $734.4

7 0
3 years ago
When firms are said to be price takers, it implies that if a firm raises its price: a. buyers will go elsewhere. b. buyers will
MatroZZZ [7]

Answer:

The correct answer is a. buyers will go elsewhere.

Explanation:

This situation occurs when there is competition, that is, other businesses that offer the same or similar products as those of a particular company. In this scenario, the potential buyer will notice the difference according to their previous experiences and will find a way to acquire products from another brand that offer the same satisfaction as the product that rose in price. You must be very cautious with this practice, since it can end up damaging the operation, and in the worst case, leading to bankruptcy.

3 0
3 years ago
If a company reports profit margin of 33.1% and investment turnover of 1.20 for one of its investment centers, the return on inv
PolarNik [594]

If the investment turnover is  1.20 for one of its investment centers, the return on investment must be: 39.72%.

Using this formula

Return on investment = Profit margin ×Investment turnover

Where:

Profit margin=33.1% or 0.331

Investment turnover=1.20

Let plug in the formula

Return on investment = 0.331×1.20

Return on investment = 0.3972×100

Return on investment = 39.72%

Inconclusion If the investment turnover is  1.20 for one of its investment centers, the return on investment must be: 39.72%

Learn more about return on investment here: brainly.com/question/23823344

7 0
2 years ago
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