The probability that he will call A is 1 out of 2 because A and B have the same percent of Hazard. The probability that he will call C is 0/3 because it is more hazardous than the rest.
Answer:
La Boulangerie Bakery,
Baton Rouge,
Louisiana, U.S.A
25th April, 2021
Dear esteemed customers,
I bring to you an unpalatable news about the changes that would be initiated in our business approach to our customers.
As you can bear witness to, there has been a drastic increase in the cost of doing business in our industry with the notable changes being in the wheat used in producing our confectioneries, the sugar as well as the rising cost of transportation to various customers' locations.
Taking this into account, our company decided to introduce a flat rate delivery cost of $20 irrespective of the location of our customers. This would help us to minimize our production cost. Inorder to also consider our customers, there is a free 20 pieces cake (box) offered to every customer who buys 50 box of each product. This means, 50 box of cupcakes earns you one box free, 100 box cupcake purchase earns you 2 free boxes.
I do hope you would understand our challenges as a company and bear with us regarding to this delivery charge introduction.
Sincerely,
Maris Albert (For the company)
Explanation:
Answer:
The correct answer is $15,500.
Explanation:
According to the scenario, the computation of the given data are as follows:
Revenue = $100,000
Insurance cost = $2,000
Design job leave = $70,000
Rent = $10,000
Annual depreciation = 10% × $25,000 = $2,500
So, we can calculate the economic profit by using following formula:
Economic Profit = Total Revenue - (Explicit cost + Implicit costs)
By putting the value, we get
= $100,000-($70,000 + $2,000 + $10,000 + $2,500)
= $15,500
Answer:
The answer is option A) The short run recommendation for a monopolistic firm is to remain at the current output level
Explanation:
In the short run, monopolistic firms could record losses but still continue to run in anticipation of a sustainable profit in the long run.
A self-employed profit-maximizing consultant specializing in monopolies understands that the short run losses experienced in a monopoly is also an advantage in that it reduces the participation of more players in the same industry/ market segment.
The best recommendation would be to remain at the current output level during the short run to cut losses, sustain patronage and then develop a long term strategy that will guarantee profitability in the long run.
The market supply curve represents the sum of the quantities supplied by all the sellers at each price of the good.
<h3>What is the market supply curve?</h3>
The market supply curve is the sum of the individual supply curves of firms. The individual supply curves are added horizontally. The supply curve sloped upward. This shows that there is a positive relationship between price and quantity supplied.
To learn more about supply curves, please check: brainly.com/question/26073189
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