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padilas [110]
3 years ago
10

In geoffrey chaucer’s time, the makers of the fine objects we can see today in the world’s great art museums learned their trade

in associations called ______.
Business
1 answer:
Juli2301 [7.4K]3 years ago
5 0
Guilds were the associations for skilled craftsmen
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____ is called the "first" management function because all other management functions depend on it.
Papessa [141]

Answer:

D

Explanation:

A statement of the basic purpose that makes the organization different from others.

8 0
4 years ago
Read 2 more answers
A firm's profit function is pi (q) = R(q) = C(q) = 40q - (110 + 20q + 10q^2). What is the positive output level that maximizes t
Lena [83]

Answer:

<em>Therefore the output level at which the firm's profit is maximized is = -100.it indicates a loss</em>

Explanation:

<em> Given that,</em>

<em> the firm's profit function, </em>

<em>  (q) = 40q - (110 +20q +10q^2) </em>

<em> The Profit is maximised by taking the first formula of the profit function with respect to. q and putting it equal to 0, (first order condition). This gives us, </em>

<em> dπ (q)/dq = 40 - 20 - 20q = 0 </em>

<em> The  variable cos of the firm's average is , AVC= 20 +10q. At q=1, AVC= 30. </em>

<em> Since AVC is less the price, then the firm will function in the short run. </em>

<em> (since TR= 40q and q=1, therefore p=40). </em>

<em> It gives q=1 </em>

<em> At q=1, revenue = 40, total cost= 140, therefore maximum profit = -</em>

7 0
3 years ago
A merchant has coffee worth $30 a pound that she wishes to mix with 80 pounds of coffee worth $90 a pound to get a mixture that
Naddika [18.5K]

Answer:

You need 40 pounds of the $30 coffee.

Explanation:

You need to calculate a weighted average for the $30/pound coffee and $90/pound coffee and equalize it to $70:

\frac{x*30 + 80 pounds * 90}{x+80} = 70

30x + 7200 = 70(x +80) = 70x + 5600

40x = 1600

x = 40

3 0
3 years ago
_____ is the strategy of preserving market share so that an organization can take advantage of very positive cash flow.
stira [4]
<span>This would be holding. By taking this tactic, the company is trying to stay where it is at and reap the benefits that they have earned thus far, without trying to take any unnecessary chances that might put their cash flow and profitability at risk.</span>
8 0
4 years ago
Frank keating has a life insurance policy that can be exchanged for a whole life policy without a medical examination. once it h
Alenkasestr [34]

The answer to this question is Convertible Term Insurance. Convertible Term Insurance is a type of insurance where in the policy holder can change a term policy for a whole policy without doing the medical examination that is required to new application of plans. Term insurances is an insurance that has a limited coverage period but it can be renewed and can be convertible to permanent life insurance when the plan is already matured.

8 0
3 years ago
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