Answer:
Variable inputs;Fixed inputs
Explanation:
Based on the information given In the short run, these workers are VARIABLES inputs, and the ovens are FIXED inputs reason been that we were told that her decision as regards to how many workers to use often vary from week to week due to the fact that her workers are students which means that her workers can often be changed which was why it was regarded as VARIABLE INPUTS while ovens on the other hand are considered to be FIXED INPUTS reason been that we were told that she cannot change the number of ovens which she uses in her production of pizzas due to the fact that her kitchen cannot contain more than four ovens which means that the number of oven cannot be my changed which was why they are regarded as FIXED INPUTS.
Answer:
2) quantitative techniques
Explanation:
Quantitative techniques (or quantitative methods) focus on objective data (number) and they analyze those numbers to obtain conclusions relative to the research study being carried out. Quantitative techniques include polls, surveys, online questionnaires, etc., since they can all be measured in numbers. Later those numbers are processed into relevant statistics.
Answer:
$1.40
Explanation:
Per cent change in price = ($2.02– $1.85)/$1.85 = +9%
Per cent change in demand = (1000 – 850)/1000 = –15%
The elasticity is = ln(1 + per cent change in quantity sold)/ln(1 + per cent change in price)
= ln(1 – 0.15)/ln(1 + 0.09)
= –0.16252/0.08618
= –1.886
Variable cost = $660/1000
Profit-maximising price = [–1.886/(–1.886+1)]*$0.66 = $1.40
Answer:
The income before taxes for Discounted Supplies Inc is calculated as follows:
Sales - $100,000
less Variable cost - $24,500
less Fixed cost: Controllable & Uncontrollable & Unallocated - $25,500
less Operating cost - $16,400
Net Income = $33,600
Explanation:
The net income is the income before taxes. It is arrived at after deducting variable and fixed costs of sales, including operating cost.
It is based on this figure that income taxes will be levied.
The net income or income before taxes is regarded as the bottomline profit or returns or earnings that is distributable to stakeholders, including the government for taxation and the shareholders in form of dividends.
It shows the result of the efforts in running a business. A positive income before taxes shows that costs are being efficiently managed. It leaves a compensation for investors and the economy as a whole.
