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Serjik [45]
3 years ago
15

Suppose the minimum possible price of constructing homes is $50 per square foot. As a result of a sharp drop in the demand for h

ome construction, the equilibrium price of home construction falls to $40 per square foot. Assuming the home construction industry is perfectly competitive and there are no specialized inputs, firms will:
Business
1 answer:
Alex_Xolod [135]3 years ago
7 0

Answer:

some firms will exit the industry

Explanation:

if the minimum possible price of constructing homes = $50 per square foot, it means that the marginal cost of building a square foot is $50. If the selling price is less than the marginal cost, then some firms will inevitably have to exit the industry. No firm can remain at an industry when its marginal costs are higher than its marginal revenue.

As supply lowers, the equilibrium price should increase, and some firms might return to the industry.  

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Is it better to color code, or leave things just how they are??
sweet-ann [11.9K]

color coding makes thing easier to spot and find but too much color can make it even harder than they first were.

6 0
3 years ago
Read 2 more answers
Ryan has written some kpis to help his fitness centres achieve the business goal of "improving overall client satisfaction". Rev
scoundrel [369]

The requirements that can be met are as follows :-

"A score of 85% or above on the question in the yearly survey Would you refer a friend to this gym"?

"Ensure that 90% of new gym members schedule an introductory session during the first two weeks of their membership".

Thus option third and fourth are correct.

<h3>What is KPIs?</h3>

A performance indicator, often known as a key performance indicator, is a sort of performance metric. KPIs assess the success of a business or a specific activity in which it participates.

Specific, quantifiable, realistic, relevant, and time-bound requirements can be fulfilled by "A score of 85% or higher on the yearly survey question Would you recommend this gym to a friend? "? "Make sure that 90% of new workout members book an initial session within the first 2 weeks of joining."

Therefore, it can be concluded that  option third and fourth are correct.

Learn more about KPIs here:

brainly.com/question/8326923

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Your question is incomplete, but most probably the full question was….

List of options:-

  1. Ensure 80% of clients use the gym’s online system to book personal training appointments
  2. Increase how much money customers spend in the gym’s juice bar
  3. A score of 85% or more in the annual survey for the question ‘Would you recommend this gym to a friend?’
  4. Ensure 90% of new gym members book an induction session within the first two weeks of joining
3 0
2 years ago
1, xyz company cost function for the next four month is cost =500000+5Q A, find the BE dollar volume of sale is the selling pric
Temka [501]

Answer:

<u>Break Even point </u>Q = 500000

<u>Shut Down Point </u> P < 5

Explanation:

<u>Break Even point</u> is where Total Revenue = Total Cost.

Total cost = 500000 + 5Q, price = 6 (Given) , Total revenue = Price x quantity  

So, TR = TC implies : 500000 + 5Q = 6Q → 500000 = 6Q - 5Q

Q = 500000

<u>Shut Down Point </u>is where firm's Price is < its Average Variable Cost .  

AVC is the variable cost on per unit output, is found out by average of variable component of cost function. C = 500000 + 5Q implies variable cost = 5Q , so AVC = 5Q / Q = 5

So, the firm would shut down if its price would go below AVC , ie if P < 5

6 0
3 years ago
The primary benefit of taking into account a child's interests while selecting exercise activities is that the child will ______
iren [92.7K]

The primary benefit of taking into account a child's interests while selecting exercise activities is that the child will gain motivation to exercise.

     Exercise plays a significant role in the development of child's brain and body. It helps strengthen children's bones, lungs, heart and improve their coordination, posture, balance and flexibility. Participation in choosing the exercise gives the child a sense of growth and ownership. It gives a boost to their self esteem, mood and morale. The child gains an interest toward the physical activity and gives his best and is motivated to keep continuing it life long.

   Furthermore, research indicates that an active child becomes an active adults, in turn putting people away from the risk of developing life threatening conditions such as heart disease. This is why it's important to let children choose their exercise activities and train them to be fit from young age.

To learn more about benefits of exercise click here:

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5 0
2 years ago
Shipping the Good Apples​ Out?
ale4655 [162]

Yes. The marginal utility per dollar of each good is equal.

No. The marginal utility per dollar of of​ high-quality apples is greater than the marginal utility per dollar of​ low-quality apples.

more; fewer

Brainliest Please :)

5 0
3 years ago
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