<span>Effective leaders set a direction and develop an organization so that it is committed to excellence and reinforcement of behavior. Effective leaders talk and understand their affiliates. They lead in a democratic and open-to-ideas-manner that it also encourages his affiliates to voice out their concerns as well.</span>
An enterprise's profit-maximizing amount is discovered where the marginal revenue curve intersects with the marginal fee curve.
In economics, profit maximization is the quick run or long run technique by way of which a firm can also decide the fee, input, and output stages that cause the best profit. Neoclassical economics, presently the mainstream approach to microeconomics, usually fashions the company as maximizing profit. The income-maximizing quantity is the only at which the marginal sales of the final unit turned into exactly the same as the marginal value. any other way of placing that is that the amount at which the marginal cost curve intersects the marginal sales curve. generating any more or less might lower earnings.
Marginal sales (MR) is the growth in sales that effects by the sale of one additional unit of output. while marginal revenue can stay consistent over a positive stage of output, it follows the law of diminishing returns and could finally gradually down as the output level will increase. To calculate marginal sales, you take the total alternate in revenue and then divide that through the alternate within the number of devices sold. The marginal sales method is marginal sales = alternate in total sales/alternate in output.
The marginal price curve usually intersects the average total value curve at its lowest factor due to the fact the marginal price of making the subsequent unit of output will continually have an effect on the average general price. As a result, as long as the marginal fee is less than the common overall price, the common overall fee will fall.
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Answer: $350,000
Explanation:
Commit to the amount with the highest expected value:
Expected value at $300,000:
= (0.4 * 300,000) + (0.6 * 250,000)
= $270,000
Expected value at $350,000:
= (0.25 * 350,000) + (0.75 * 250,000)
= $275,000
Expected value at $400,000
= (0.1 * 400,000) + (0.9 * 250,000)
= $265,000
Expected value if no sales:
= (0.25 * 0) + (0.75 * 250,000)
= $187,500
<em>Price that maximises profits is $350,000 as it has the highest expected value. </em>
Answer:
d. Excessive aggregate spending
People can make poor investments, fail to add to their savings, and decide to spend their money rather than saving or investing.
