1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
s344n2d4d5 [400]
3 years ago
14

A firm incurs $400 to manufacture a television. In the market, customers are willing to pay a maximum of $600 for the television

priced at $500. The difference of $200 ($600 minus $400) is the A) consumer surplus. B) total return to shareholders. C) customer lifetime value. D) economic value created.
Business
1 answer:
kotykmax [81]3 years ago
5 0

Answer:

D. Economic value created.    

Explanation:

The reason is that the economic value created is the difference between the price the customer is willing to pay and the cost that the product actually costs to the firm.

Following is the formula for calculation of economic value created:

Economic Value Created = Value customer willing to pay   -  Cost of product

Here the television costs $400 to the firm and the customer is willing to pay $600 for the television. So by putting the values we have:

Economic Value Created = $600 - $400 = $200

So the correct option is option D.

You might be interested in
"how does an investor earn money by buying bonds at a discount"
vredina [299]
Your answer is from interest
8 0
3 years ago
A job specification is: a. a group of related activities and duties. b. a statement of the knowledge, skills, and abilities requ
PSYCHO15rus [73]

Answer:

a statement of the knowledge, skills, and abilities required of a person to perform a job.

Explanation:

A job specification is a written statement that describes btge educational qualifications, experience, technical skills, and communication skills required to perform a job. Also responsibilities that are required on a job are stated.

A job specification is different from a job description which is a set of different duties and responsibilities performed by one employee.

7 0
3 years ago
Shangrilah Sandals is a manufacturing firm in a developing country, where it routinely uses grease payments to local officials t
julia-pushkina [17]

Answer:

b. cultural relativism

Explanation:

Cultural relativism refers to the ideology that what applies to current situation do not necessarily apply to another situation also.

As in the given instance the Shangrilah Sandals make grease payments in their own country as it is a developing country, but do not practice the same in another country called US as it is a developed country.

As the income of people in that country is high they do not believe in taking or accepting grease payments.

Thus, the correct option is:

b. cultural relativism

4 0
3 years ago
The difference between the observed points and the regression line points is equal to the?
earnstyle [38]

The difference between the observed points and the regression line points is equal to the correlation.

Correlation is a statistical measure of how linearly two variables are related (that is, do they change at a constant rate). This is a general tool for describing simple relationships without stating cause and effect.

Correlation and regression analysis are used in business to predict potential outcomes so that companies can make informed, data-driven decisions based on predictions of event outcomes. increase.

Correlation analysis in market research is a statistical technique that determines the strength of the relationship between two or more variables.

Learn more about correlation here:brainly.com/question/28091015

#SPJ4

5 0
1 year ago
Rexford Corporation produces three products, with costs and selling prices as follows: Product A Product B Product C Machine hou
Alex787 [66]

Answer:

$9,400

Explanation:

For computing the maximum contribution margin we need to do following calculations

Contribution Margin

Product A = ($12 ÷3) = 4

Product B = ($5 ÷ 1) = 5

Product C = ($9 ÷ 2) = 4.50

So, the ranking order would be product B > product C > product A

Now

Total machine hours available = 2,100 hours

And,

Time for making 500 units of B

= 500 × 1

= 500 hours

For making 500 units of C, the time taken is  

= 500 × 2

= 1000 hours

So the remaining hours left is

= 2,100 hours - 1,000 hours - 500 hours

= 600 hours  

So, for A the manufactured is

= 600 ÷ 3

= 200

And, finally the Maximum contribution margin  is

= (200 × $12) + (500 × 5) + (500 × 9)

= $2,400 + $2,500 + $4,500

= $9,400

7 0
3 years ago
Other questions:
  • Many people keep working long after retirement age because work:
    11·1 answer
  • On Aug. 6, D submitted an application for a $50,000 Life insurance policy and did not pay the initial premium. On Aug. 18, D wen
    10·1 answer
  • Explain and give an example of any three of the following: good, service, free good, nuisance good, economic good, economic serv
    13·1 answer
  • In the country of Mashwen, the state owns key industries such as energy andtransportation. The rest of the industries are privat
    9·1 answer
  • An individual owns a bicycle repair business as a sole proprietorship. He does not make a lot of money, but he does have $5,000
    14·1 answer
  • When increasing production from 12,000 computers to 15,000 ​computers, the​ company's average cost of production will A. inc
    14·1 answer
  • Over the next few years, employers may face a severe labor shortage because ________. Group of answer choices there are fewer pe
    8·1 answer
  • What is a skill ?
    6·2 answers
  • Granger Corporation had $208,000 in sales on account last year. The beginning accounts receivable balance was $25,000 and the en
    10·1 answer
  • When setting a budget, you should consider...
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!