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3 years ago

Give an example of a case where a cost and a revenue function do not have a break-even point.

Business

2 answers:

inessss [21]3 years ago

6 0

Answer:

When profit margin exceed losses

Explanation:

Firstly Break even point is a point where revenue equals cost.

A typical example of a scenario where cost and revenue function does not have a break even point includes, when the profit margin of any given company or individual is higher when compared to the losses of the company or individual. For there to exist a break even point, company or individuals sales have to fall considerably such that revenue equals cost( no profit,no loss).

oee [108]3 years ago

5 0

An example of a case where a cost and revenue function do not have a break even point includes, when the profit margin is larger than the losses of the business.

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If most cartel members keep their agreement to cut back production: a. it's not profitable in the short run for another member t

Stells [14]

Answer: b. it's profitable in the short run for another member to increase production.

Explanation:

This refers to an oligopolistic market where there are few producers of a good. These producers can come together to create a cartel that fixes prices for the goods and services they produce.

If they agree to cut back production, this will have the effect of increasing prices due to a reduction in supply. If a member decides to increase production, they would enjoy profits in the short term from the increased prices.

The other members would however respond by increasing production as well so those profits would stop towards the long run.

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2 years ago

Joe is currently selling 873 hamburgers per month at $5 per hamburger for total monthly sales of $4,365. The restaurant manager

sergejj [24]

Answer:

Yes

Explanation:

Yes, as long as Joe is able to recover the money that he has spent on advertising and still increase his profit, then he should advertise. In this scenario, he wants to spend a fixed $1000 monthly on ads. If these ads generate an increase monthly sales of $3,000 as expected, then this means that Joe's restaurant will increase their total profits by $2,000 after recovering what they spent on the ads. This is what ads are for.

6 0

2 years ago

When a country's exports are worth more than its imports, is has a:

liq [111]

Answer:

Explanation:

6 0

3 years ago

Suppose the cross-price elasticity of travelling by bus and travelling by train is 0.7. If the price of traveling by bus increas

galina1969 [7]

The quantity of traveling by train would change by 28%.

Cross-price elasticity measures how the quantity demanded of a good is affected by changes in the price of another good.

Cross price elasticity = percentage change in the quantity demanded of good A / percentage change in the price of good B.

0.7 = percentage change in the quantity of traveling by train / 40%

Percentage change in the quantity of traveling by train = 40 x 0.7 = 28%

To learn more about cross price elasticity, please check: brainly.com/question/26035503

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2 years ago

Broderick oversees the activities involved in creating the right goods and services in the right quantities and distributing the

Neko [114]

Answer: True

Explanation: In simple words, operations management refers to the process in which an individual or an entity oversee the activities that are performed with an organisation with the objective of attain highest level of efficiency.

In operational management, the manager makes sure that the raw material would be combined with the labor force in such way that production level could be maximized which further results in hither level of profits.

Hence from the above we can conclude that the given case depicts operational management.

7 0

2 years ago