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Fofino [41]
3 years ago
12

Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many buyers and many sellers in t

he dog-grooming service market. JL Groomers experiences normal cost curves, with the marginal cost (MC) curve crossing average variable cost (AVC) at $14 and average total cost (ATC) at $22. JL Groomers’ long-run supply curve would be the:
a. marginal revenue (MR) curve above $14.

b. marginal revenue (MR) curve above $22.

c. marginal cost (MC) curve above $14.

d. marginal cost (MC) curve above $22.

e. average variable cost (AVC) curve above $14.
Business
1 answer:
Elza [17]3 years ago
3 0

The answer is marginal revenue (MR) curve above $22.

Explanation:

Jim and Lisa Groomers will maximize its accounting profit when taking it to 0 its economic profits when marginal revenue = marginal costs.

Economic profits are not the same as accounting profits because they include the opportunity costs of investing the money somewhere else. That is whythe long run firm is not able to make economic profits since as they exist, new competitors will enter the market. But in the case of the shoert run, the firms are able to make economic profit, but by doing so, they cannot maximize their accounting profit.

Economic profit = account profit = Opportunity profit

Opportunity cost are extra costs or benefitslost from choosing one activity or investment over another one.

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Vaughn Manufacturing has two divisions; Sporting Goods and Sports Gear. The sales mix is 75% for Sporting Goods and 25% for Spor
Cerrena [4.2K]

Answer:

The correct answer is 35%.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the Weighted average contribution margin ratio by using following formula:

weighted-average contribution margin ratio =  (Contribution margin ratio × Sales of sporting goods) + (Contribution margin ratio × Sales of sporting gears)

= ( 30 × 75% ) + ( 50 × 25%)

= 22.5% + 12.5%

= 35%

3 0
3 years ago
Shelly, a sales manager at Best Computers, has recently moved from Dallas to Hong Kong for an expatriate assignment. Shelly is f
Alecsey [184]

Answer:

culture shock

Explanation:

It seems that Shelly is most likely experiencing culture shock. This is a set of feelings that occurs to most individuals when they move to a location that is very different than their home. Since Shelly moved from the US to China and the culture is completely different, it causes Shelly to not feel comfortable in this new location. Individuals experiencing culture shock experience many distinct feelings but ultimately adjust to the new environment and begin getting comfortable in this new location.

6 0
3 years ago
A company contributes money towards a profit-sharing fund for its employees. Every 2 years, employees are free to withdraw money
Georgia [21]

A company contributes money towards a profit-sharing fund for its employees. Every 2 years, employees are free to withdraw money from their account without penalty. This benefit indicates Fixed Interval Reinforcement schedule.

A response is rewarded based on whether it was carried out within a set amount of time under a partial reinforcement schedule known as fixed interval reinforcement. It's crucial to remember that only the first reaction is acknowledged and rewarded.

The individual can engage in a behavior as many as they like, but they will only get rewarded once for it.

The reaction isn't reinforced every time it is executed, as I indicated fixed interval reinforcement is a partial reinforcement schedule. You would put your child on a continuous reinforcement schedule if you wanted to reward them each time, they made their bed.

To know more about Reinforcement schedule visit:
brainly.com/question/12282349
#SPJ4

6 0
11 months ago
Sebastian plans to open a restaurant but he is unsure about how to attract customers. He hires a consumer researcher to analyze
Evgen [1.6K]

Answer:

The correct answer is c. ethnicity

Explanation:

Ethnicity is first and foremost a form of identification, an identification of one with what oneself and others understand to be their ethnic or ethnic group. Ethnicity denotes a relationship or feeling of belonging. Regarding the term of identification, ethnicity and ethnicity are classifying concepts. The classification is based on very different criteria or "ethnic markers": cultural, linguistic, religious ascriptions, racial traits, common origin, shared activities, etc.

5 0
3 years ago
Silver Screen Cinemas Inc. and Digi Now Inc. are two companies that own and run movie theaters in malls and other commercial are
Gennadij [26K]

Answer: Option B is correct.

Explanation:

The option A is incorrect because Silver screen cinemas are competing on prices which shows that it will charge lower prices than the supplier who is offering differentiated products and is in similar line of business.

Option B is correct because though both of these companies are in similar type of industry but their customer segments are different from each other. Digi Now Inc. is offering services to upper class whereas the Silver Screen Cinemas Inc. is offering to people who have lower purchasing power.

Option C is incorrect because Digi Now Inc. is offering services to upper class, which means it will charge higher prices for superior customer services. Silver Screen Cinemas Inc. will charge lower prices for lower level of customer services.

Option D is incorrect because one is competing on quality whereas the other is competing on cost. So it is impossible for the one who is competing on cost to offer everything to everyone.

8 0
3 years ago
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