Answer:
Number of units to be sold = 150000
So option (b) is correct option
Explanation:
We have given net income = $400000
Unit sales price = $20
Unit variable cost= $12
Total fixed cost $800000
Units must be sold to earn net income of $400,000 =
So number of units to be sold = 150000
So option (b) is correct option
Answer:
Business is an organization where goods and services are exchanged for one another or for money to make a profit, every business needs some form of investment and enough customers to sell product to.
the major characteristics are:
1. Exchange of goods and services
2. Deals in numerous transactions
3. Profit is the main objective
4. Business skills for economic success
5. risks and uncertainties
6. marketing and Distribution of goods
7. Sale to satisfy human wants
Explanation:
Answer:
3 cases
Explanation:
Marginal product refers to change in the total output when an additional input is employed. For example, output is 5 units when 2 laborers are employed. When another unit of input i.e 3rd laborer is employed, the output rises to 9 units. In this case marginal product of the 3rd unit of labor would be 9 - 5 i.e 4 units.
In the given case, before Atul is hired, the production was 4 cases per week. After his being hired, it rose to 7 cases per week. Thus Atul's marginal product in the given case would be 7 - 4 i.e 3 cases.
