Answer:
total contribution margin equals total fixed expenses
Explanation:
The BEP which is the break even point is the point where the company's sales or revenue generated is equal to the cost incurred. As such, the BEP is the number of units that must be sold for the company to make neither a profit nor a loss.
Both sales and variable cost are dependent on the number of units sold.
The sales less the variable costs gives the contribution margin. The contribution margin less the fixed expense gives the net operating income (NOI). When the NOI is zero, the point or number of units is called the breakeven point.
if one input in the production of a commodity is increased
Answer:
cannot
Explanation:
Quantitative management can be regarded as approach to management that makes utilize tools such as computers as well as mathematical techniques inorder to sift through financial statistics in stocks selection and others. Managers do use Quantitative management in observing historical quantitative relationships as well as to incorporate all the relationships into what is known as “models,” so stocks can be picked.
Quantitative techniques helps managers to use variety of tools from
operational research, statistics as well as mathematics and economics. It should be noted that Several explanations account for the limited use of quantitative management. Many aspects of a management decision cannot expressed through mathematical symbols and formulas.
Answer:
Option B
Explanation:
In simple words, The absolute benefit is the ability of an person, business, region or country to generate more products or services with the similar quantities of resources per unit of time or to generate the same quantity of goods or services per unit of time using minimal errors than any other entity that manufactures the same goods or services.
A competitive advantage occurs when a nation can manufacture goods at smaller opportunity costs relative to other economies. A nation can, nevertheless, get an upper hand in all commodities. An inherent benefit occurs when a nation is actually the best (most effective) to manufacture a good or services.