Answer:
It's a free loan to the government.
Explanation:
you're essentially giving the government a free loan with no interest.
At 1.5 the average total cost is a minimum and the total cost will be 10.25 where the TC = total cost; x = output (in 1,000 units)
<h3>What are maxima and minima?</h3>
Maxima and minima of a function are the extremes within the range, in other words, the maximum value of a function at a certain point is called maxima and the minimum value of a function at a certain point is called minima.
We have a total cost function:
TC = x³/3 - x² + 11x
Average total cost:
Differentiating with respect to x and equating to x
d(F(x))/dx = 0
We will get:
x = 1.5
F'(1.5) > 0
At 1.5 the average total cost is a minimum.
Thus, at 1.5 the average total cost is a minimum and the total cost will be 10.25 where the TC = total cost; x = output (in 1,000 units)
Learn more about the maxima and minima here:
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Answer:
C) are independent of volume and product mix.
Explanation:
This is true because marketing, sales, distribution and administrative expenses are generally mixed costs. That means that they are part variable and part fixed.
For example, most salespeople's salary consists of a small fixed amount and a percent per total sales made.
Distribution costs also vary because generally when you purchase a truck, the largest cost is the truck itself, and the driver also gets paid on a monthly basis, insurance, etc., but other costs like fuel and maintenance costs vary depending on how much the trucks are driven, so they depend on the volume distributed.
Administrative expenses are also mostly fixed, but they might include bonuses for good performance which depend on total sales, and other expenses that might increase when total sales increase.
Finally marketing expenses are generally determined as a percentage of the expected sales revenue generated by the products. There are several ways to determine marketing expenses, but they all are based on a fixed amount (e.g. cost of producing an advertisement) and variable factors like market share or sales growth. E.g. you will advertise more intensively in the areas where your product sells better.
Answer:
The correct answer is the last option: goes too far and not every situation can be approached relying on home-country standards.
Explanation:
To begin with, the <em>righteous moralist approach to ethics</em> refers to the belief, that the standards of ethics from a multinational's home-country are the appropiate ones to implement in companies from foreign countries, therefore that this model is very associated with managers from developed nations. Moreover, the biggest criticism to that model is that it goes too far and it does not consider that not every situation can be approached relying on home-country standards due to the fact that every nation is different and the companies in them can not imitate the standards used in the other ones.
