Answer:
The correct answer is option i.
Explanation:
A firm is operating in a perfectly competitive market.
The firm is selling 200 units of output.
The price of each unit of output is $3.
In a perfectly competitive market, a single firm faces a horizontal line demand curve. This horizontal line represents demand, price line, average revenue, and marginal revenue.
So if the price is $3, it implies that the marginal revenue and average revenue is also equal to $3.
The total revenue is $600.
Answer:
D. The breakeven point decreases.
Explanation:
Breakeven point of a business is defined as the point where it's total cost and total revenues are equal, at this point there is no gain or loss. Hen revenue is above this point profit is made, and when revenue is below this point there is loss.
The formula for break-even is
Breakeven point= Total fixed cost/(Sales price per unit- Variable cost per unit)
Since sales price and variable cost is constant, let's say
(Sales price per unit- Variable cost per unit)= constant (k)
So when we cross-multiply in the formula
Breakeven* k= Total fixed cost
It shows that Breakeven point is directly proportional to Total fixed cost.
So a reduction in Total fixed cost will result in a reduction in Breakeven point.
Answer:
E
Explanation:
When following corporate ethics, you are proving that you are following your company's ethics and expectations of appropriate behavior.
Answer:
<u>enlargement</u>, <u>rotation</u>, <u>enrichment</u>
Explanation:
Job enlargement raises the scope of a job position by addition of extra tasks and responsibilities within the same level and department. Such an activity makes a job position more challenging.
Job rotation refers to shifting of employees from one task to another in the same department. Job rotation is aimed at breaking the monotony associated w.r,t performing the same task on routine basis.
Job enrichment is aimed at providing better satisfaction to an employee related to his work. It usually includes assignment of those responsibilities which are reserved for superior levels.
It’s a bank that offers services to the general public and to companies.
