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Anon25 [30]
3 years ago
14

With a​ downward-sloping demand​ curve, average revenue is equal to price A. because the firm must lower its price to sell addit

ional units. B. because the downward slope is constant. C. since average revenue is the slope of the demand curve. D. ​actually, average revenue is always equal to​ price, whether demand is downward sloping or no
Business
1 answer:
tia_tia [17]3 years ago
3 0

Answer:

D. ​Actually, average revenue is always equal to​ price, whether demand is downward sloping or no

Explanation:

This is because Average revenue is the amount of revenue that is obtained by selling an addition unit of output. This additional revenue is always = Price as proven by the equation below,

Total Revenue = Price * Quantity

Thus, AR = Total Revenue / Quantity  

Input elements of the Total revenue we get,

AR = Price * Quantity / Quantity

AR = Price  

Hope that helps.

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Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are i
wariber [46]

Answer and Explanation:

The computation is shown below:

a.

1. Calculation of the equivalent units

<u>Particulars         Physical units   %     Material   %      Conversion cost</u>

Units transferred

out                          900             100%    900     100%     900

Ending

work in process     600            100%     600     40%       240

Equivalent

units                                                        1,500                  1,140

2. Cost per equivalent unit is

Particulars         Material      Conversion cost

Beginning

inventory           $750               $600

Cost during

period                $2,400            $2,820

Total cost          $3,150             $3,420

Divided by

Equivalent

units                   $1,500            $1,140

Cost per

equivalent unit    $2.1              $3

3. Transferred out cost is

= (3 + 2.1) × 900

= $4,590

And, the ending work in process cost is

= (600 ×$2.1) + (240 × $3)

= $1,960

2. Now the preparation of the production report is presented below:

Beginning work in process       $1,350

Cost during period                    $5,220

Total cost accounted for           $6,570

Transferred out cost                   $4,590

Ending work in process              $1,960

Total cost accounted as             $6,570

3 0
3 years ago
3. There a number of market entry strategies that businesses use in entering into markets outside their countries. a) Distinguis
sattari [20]

Answer:

a) Distinguish between the use of Franchising and Joint Venture as modes of entry into other countries by global businesses.

Franchising consists in the licensing of aspects of production and intellectual property to a another party: the franchise.

A Joint Venture is a business union between two or more parties, in which they split profit as well as costs and responsabilities.

b) What are the respective advantages and disadvantages of both strategies?

Franchising can be a quicker way to expand into foreign markets. The flexibility of the method, and the lower capital requirements are the reason why. This can be seen in the success that American fast-food brands have had using this method to expand in global markets.

A Joint-Venture can be more difficult to use for market expansion, however, it can be more profitable, because the profit will not be split among as many parties as in franchising, and more importantly, the firm maintains a higher control of the operation.

7 0
2 years ago
How volume and variety affects process design
Maurinko [17]

Answer:

rocesses often producea high variety of products/services and high-volume operations processes often produce a narrow variety of products/services. The design of any process should be governed by the volume and variety it is required to produce. Depending on those factors, processes will changeExplanation:

4 0
3 years ago
In the study conducted by thomas &amp; chess in 1980 categorizing attachment, what percentage of babies were roughly categorized
belka [17]

40%

An easy baby and a tough baby vary primarily in that the former has more periodic bodily processes and more positive responses to stimuli, whilst the latter has fewer normal body processes and more negative responses.

Every parent wishes their children were simple. Parents with challenging infants may harbour envy for those of peaceful infants. However, studies suggest that having kids with a challenging temperament is not always a bad thing. This article will define temperament, examine the three varieties of temperament, and instruct you on how to handle a challenging infant.

Each kid is unique from birth despite since they are reared in the same home, as parents of several children are already aware. New-borns display various ways of responding to their surroundings right away.

To know more about easy baby refer to brainly.com/question/15607034

#SPJ4

5 0
1 year ago
Last month your average daily rate was $76.99, and you had 2,932 rooms occupied. You want to know how this compares to the same
poizon [28]

Answer:

85 less rooms this year than last

Explanation:

The number of rooms (n) occupied for this month last year is given by the Room Revenue ($231,470) divided by the daily rate ($76.72):

n=\frac{\$231,470}{\$76.72}\\n=3,017\\

The number of rooms occupied last year is larger than the number of rooms occupied this year by:

\Delta n = 3,017-2,932\\\Delta n = 85\ rooms

The hotel occupied 85 less rooms this year than last.

7 0
3 years ago
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