Answer:
b. his marginal benefit of the additional serving is at least $3.
Explanation:
In economic thinking, a firm or an individual will make profits as long as marginal revenue exceeds marginal costs. Losses occur when marginal cost is more than the marginal revenue.
For Jim to breakeven at the restaurant, he has to consume meals worth at least $12. If Jim is consuming servings that are of equal value, four servings of $3, each will add up to $12. For Jim to consider a fourth serving, then it must be worth at least $ 3. Should be meal exceed $ 3 and assuming the first three meals were of equal value, Jim will have benefited from the offer.
Answer:
$745.45
Explanation:
The expression that describes the future value of an investment (P) at an annual rate (r) for a period of n years, compounded annually is:
If the future value of an investment is $1,500 after 12 years at a rate of 6%, the present value (P) is:
The investment is worth $745.45 today.
A long distribution channel
Bonnie should incorporate for her company
Option B
<u>Explanation:
</u>
A distribution channel is an organization or intermediary network that moves a product or a service until it meets the last customer. Wholesalers, dealers, suppliers and even Web can be part of the distribution channels.
In long channels, product flows from producers to final customers are carried out via multiple levels of distribution in which each level is generally made up of more than one location.
In general distribution channels are divided into two systems which are: direct customer shipping and indirect shipping, which involves an intermediary level or two, including distributor/retailer warehouses in which goods from those intermediaries can be delivered to consumers differently.
Answer: High involvement organization
Explanation:
A high involvement organization is an organization that is centered on the involvement of employees. It gives employees opportunities to make decisions about their jobs and to take part in the organization as a whole.
A high-involvement organization seeks input from their team from the top managers to lower levels with regards to the issue. This kind of management boosts productivity.
Answer:
25 chairs per employee.
Explanation:
In this case labour productivity is the number of dining chairs per day over number of employees.
An average of 600 standard dining chairs were assembled per 6-day work week.
This means that, the number of dining chairs assembled per day is
The number if employees is 4.
Therefore the labour productivity of this operation is:
per employee.
