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3 years ago

What can the forecasting function of a spreadsheet help businesses do?

1 answer:

5 0

Microsoft Excel offers several great tools for sales forecasting. It includes forecasting and modeling add-ons that you use together with spreadsheets to create financial models and scenarios. Thus, Excel can help businesses predict what will happen in the future and help them plan adequately.

Hope this helps you! <3

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g Because of the downward sloping demand curve, a monopolist can increase its revenue is by ________. Group of answer choices on

guapka [62]

Answer:

only increasing price on its goods

Explanation:

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

A natural monopoly occurs due to the high start-up costs or a large economies of scale.

Natural monopolies are usually the only company providing a service in a particular region

Because the demand curve for a monopoly is downward sloping, marginal revenue is less than price. As prices fall, more units of the product are bought.

In a monopoly When the average cost is falling, the marginal cost lies below the average cost. If the government sets price to be equal to marginal cost, which lies below the average cost, the monopoly would incur losses

5 0

3 years ago

On June 10, 20X8, Tower Corporation acquired 100 percent of Brown Company's common stock. Summarized balance sheet data for the

Blababa [14]

Answer:

The answer is attached below

Explanation:

3 0

3 years ago

Assume a purely competitive firm is selling 200 units of output at $3 each. At this output, its total fixed cost is $100 and its

raketka [301]

The correct option is: maximizing its profit, but not necessarily the maximum profit.

<h3>What is Profit Maximization in a Perfectly Competitive Market ?</h3>

The perfectly competitive firm can choose to sell any quantity of output at exactly the same price. This implies that the firm faces a perfectly elastic demand curve for its product: buyers are willing to buy any number of units of output from the firm at the market price.

When the perfectly competitive firm chooses what quantity to produce, then this quantity—along with the prices prevailing in the market for output and inputs—will determine the firm’s total revenue, total costs, and ultimately, level of profits.

A perfectly competitive firm has only one major decision to make—namely, what quantity to produce. To understand why this is so, consider the basic definition of profit:

Profit=Total revenue−Total cost

(Price) (Quantity produced)−(Average cost) (Quantity produced)

According the question scenario,

Given:

Firm is selling = 200 units

output = $3 each

fixed cost = $100

variable cost = $350

solution:

Total average cost = variable cost + fixed cost .........(1)

Total average cost = 350 + 100

Total average cost = $450

Cost per unit = average cost ÷ no of unit ...................(2)

Cost per unit = 450 ÷ 200

Cost per unit = $2.25

So here firm is incurring per units is $2.25 but here earning per unit is $3.

So that here firm is earning economic profit as here market price is greater than earning maximum profit.

Therefore, we can conclude that the correct option is : maximizing its profit, but not necessarily the maximum profit.

Learn more about Profit Maximization on:

brainly.com/question/13464288

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8 0

2 years ago

If marginal product is 4 units and average product is 8 units, the next worker will cause(A) marginal product to increase.(B) av

Daniel [21]

Answer:

(D) marginal product to increase by 2 units and average product to decrease by 2 units.

Explanation:

When there will be an addition in number of workers then the marginal product that is additional units for each additional worker will increase.

But, at the same time as for calculating the average the units will decrease with the same proportion.

This is because with extra number of workers the denominator for average product will also increase and ultimately.

In the curve the marginal and average product are same level for equilibrium.

Thus, option D is correct.

3 0

3 years ago

The Postal Service is negotiating a new three-year agreement with two of its unions. One represents the clerks and one the mail

Bezzdna [24]

Answer: A. The actions of the clerk and carrier unions are not prohibited, and management does not have any recourse to recover damages nor to win an Unfair Labor Practice.

Explanation:

An unfair labor practice simply occurs when the National Labor Relations Act is being violated. Some if the unfair labor practice include when a worker is threatened when he or she files a ULP charge. Also, the refusal to negotiate with an agency in good faith etc.

In the scenario in the question, we should note that the actions of the clerk and the carrier unions are not prohibited, and then the management does not have any recourse to recover damages nor to win an Unfair Labor Practice.

Therefore, the correct option is A.

8 0

3 years ago

What can the forecasting function of a spreadsheet help businesses do?​

What can the forecasting function of a spreadsheet help businesses do?