The answer business. This is made up of association of
people where they share a common purpose or interest in having to focus the
talents that they have and to be able to organize these skills and offer this
for their own benefit.
Answer:
c. 750 units
Explanation:
The computation of the inventory position is shown below:
Inventory position (IP) = Number on‐hand inventory + Number of scheduled receipts - number of backorders
= 700 units + 150 units - 100 units
= 750 units
We simply added on hand inventory units, scheduled receipts units and deducted the back orders units so those correct units could find out
In economics, short run is time frame in which the quantities of quantities of some factors of production are fixed; and long run is period of time in which quantities of all the factors of production that can be varied.
<h3>
What is production?</h3>
Production is the process of mixing several inputs, both material (like metal, wood, glass, or polymers) and immaterial (like plans, or information) in order to produce output. A valuable good or service that enhances people's utility will be this output's ideal form. Production theory is the branch of economics that focuses on production; it is closely tied to the consumption theory of the economy. Utilizing the first inputs productively leads directly to the manufacturing process and results. Land, labor, and capital are regarded as the three major production components and are known as primary producer commodities or services. These essential ingredients do not substantially change during the output process or turn into a complete part of the final product.
To learn more about production, visit:
brainly.com/question/16848613
#SPJ4
Answer:
$40
Explanation:
Profit made is the difference between revenue earned and cost incurred by an entity.
Marginal profit is thus a difference between the additional sales during the added time and the additional cost incurred.
As such, for the local restaurant;
Profit earned during the last hour given that for each additional hour is $404 and the additional revenue (the marginal revenue) during the last hour is $444
= $444 - $404
= $40
The purpose of this assignment is the creation of a research analysis. Every day, consumers make millions of decisions that impact the marketplace and influence firms' decisions. Firms use economic concepts, models, and other "tools" of economics to help determine pricing, output, and profit maximization. As an MBA student of economics, you can apply the "tools" of economics to microeconomic and macroeconomic data to create recommendations for how firms can maximize revenue, profit and market share.