When you observe information, it's important to make sure you aren't cluttering your mind with unimportant information. Unimportant information refers to anything that you are observing while learning that won't matter overtime or, doesn't directly pertain to your situation. Observation can only be a useful skill if what you are observing you remember and can do after watching on your own.
Hypermarket is form of scrambled merchandising, popular in Europe, features large stores that provide variety, quality, and low price for groceries and general merchandise.
<h3>What does the term "hypermarket" mean?</h3>
a very large retailer that stocks both items typically found in department stores and supermarkets.
<h3>What is an example of a hypermarket?</h3>
Shoppers can find everything they need in a hypermarket. The purpose of this big box retailer is to offer customers all the products they need under one roof. The Walmart Super center, Fred Meyer, Meijer, and Super Kmart are a few of the best-known hypermarkets.
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Answer: $36,000 increase.
Explanation:
Cost of keeping Current Truck.
The cost of keeping the current truck will be the Opportunity Cost of not purchasing the New truck.
The New truck is capable of reducing Manufacturing costs by $25,000 a year for 5 years so,
Cost of Keeping Current Truck = 25,000 * 5
= $125,000
Cost of buying new truck
It is given that if the company trades in the old truck they get a $31,000 reduction.
The Cost Price of the new truck is therefore,
= 120,000 - 31,000
= $89,000
The difference between the costs will be,
= 125,000 - 89,000
= $36,000
If buying a new truck will reduce expenses by $36,000 then that means it will increase income by $36,000.
Answer:
60 pizzas
40 pizzas
Explanation:
Marginal product measures the change in output as a result of a change in input by one unit
Marginal product = change in output / change in input
Marginal product for the 4th worker
Change in output = 360 - 300 = 60 pizzas
Change in input = 4 - 3 = 1 worker
Marginal product = 60 / 1 = 60
Marginal product for the 5th worker
Change in output = 400 - 360 = 40 pizzas
Change in input = 5 - 4 = 1
Marginal product = 40 / 1 = 40
It can be seen that marginal product decreased from 60 to 40 when the 5th worker was added. This illustrates diminishing marginal returns.
The law of diminishing returns says as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.
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