Answer:
$75
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
The price per unit = $300 / 60 = $5
The marginal revenue for one unit is $5
Production increased by 15 units, so marginal revenue increased by $5 × 15 = $75
I hope my answer helps you
Answer:
The first reason that makes indirect production superior to direct production is the refining of the end product.
The second reason that makes indirect production superior to direct production is the value the produced good acquires.
The third reason that makes indirect production superior to direct production is the durability of the product is longer.
The fourth reason that makes indirect production superior to direct production is the produced good can be employed in many different other products.
Explanation:
The reasons behind this answer are that in the first place the indirect production allows a producer to refine the raw product to a level in which it can be used to obtain more from it. For example, gasoline as a product can provide us more energy than the oil itself. Also, it obtains a bigger value and it can be used for a longer time. So, in other words, indirect production is the refining of raw materials to obtain more from them.
Answer:
if it can be readily exchanged for another asset or good
Explanation:
An asset is liquid if it can be easily be exchanged for another asset or good or converted to cash. cash ( currency) is the most liquid asset.
an house for example is less liquid when compared to cash. this is because before it can be converted to cash or exchanged for another asset, it must first be valued, then we have to find a buyer and this process can range from days to years. this makes a house less liquid when compared with a house.
Different segments of the project are delegated to respective functional units called as the Functional Organization.
<h3>
What is a Functional Organization?</h3>
The notion of specializations based on function or role is used by functional organizations as a sort of organizational structure. For businesses with one or a few product offerings as well as medium-sized and small organizations, an efficient organizational structure is ideal. For instance, the little company AB Company manufactures diapers and employs around one hundred people. A matrix organization is a sort of corporate structure that divides a corporation into various sections according to areas of specialization. Functional managers or heads of departments are responsible for managing these departments, which act as functional units.
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Answer:
$400 .Since inventory is valued at cost or market value(current replacement cost) whichever is lower .
Therefore value of inventory : $400*8=$3200
Explanation:
