Answer:
A
Explanation:
Contribution margin is used to determine the profitability of a product. it is price less variable cost
Contribution margin = price - variable costs
Price = revenue / quantity sold
$440,000 / 11,000 = 40
Variable cost = total variable cost /output
$110,000 / 11,000 = 10
contribution margin = 40 - 10 = 30
Answer: ▶False◀
Explanation:▶ realistically when prices fall, demand goes up. This is because everyone would buy something that cost less, than something that is expensive. Now when prices go up, demand usually goes down. This is because the consumer wouldn't want to buy something from ( ex:) retailer 1, who's products are too expensive. Than retailer 2, who's prices are very reasonable. People wouldn't want to demand something that has a price going up and up.
//Give thanks(and or Brainliest) if helpful (≧▽≦)//
Answer:
Any product that is standardized product has potential for learning curves. Scientific management talks a lot about developing efficiencies. Fredrick Taylor who was the founder of scientific management says that their is always one best way to do things. All we have to do is find that way and implement it. Furthermore the learning curves comes with continuously doing a single job over and over again. The person assigned such jobs will develop learning curves. Suppose you only teach a single topic which is opportunity cost then you will develop in depth knowledge of the topic and you can answer any question plus you are able now to deliver the concept in very less time. So repetition brings learning curves. Learning curves are more prominent if a single repetitive task is broken down into multiple small tasks and each labor is assigned one of these tasks which results in learning curve.
The best way to exploit learning curve is breaking down single repetitive task into multiple tasks and assigning them to each labour.
This is how we can create learning curves in our organization.
Answer:
A surplus (or excess demand) of about 8 units
Explanation:
The picture attached shows the diagram necessary for the question which is part of the question. Solution is given below;
At the above ceiling at price of 40$
Quantity supplied will be 16
Quantity demanded will be 24
So when demand is more than supply than there will be a shortage in quantity by (24-16) 8 units.
When there is demand more than supply than it is an excess demand.
So surplus or excess demand by 8 units.
