The best way to encourage employees to think creatively is to be able to have a writing board that could be always or readily available for employees in which could be of used in sketching ideas. This will make them to open up and think of ideas that would be of help to the company, in the same time, it does not involve pressuring the employees, by this, it will help them to think more freely and express their ideas more creatively.
Answer:
(a) 3,250 units
(b) 5,750 units
Explanation:
(a) BEP(units):
= fixed cost ÷ contribution margin per unit
= $52,000 ÷ ($18 - $2)
= 3,250 units
Therefore, the 3,250 units must Warner sell per month to break even.
(b) BEP(units):
= (fixed cost + target profit) ÷ contribution margin per unit
= ($52,000 + $40,000) ÷ $16
= 5,750 units
Therefore, the units must Warner sell per month to make an operating profit of $40,000 is 5,750 units.
Answer:
B. amount of time the producer has to adjust inputs in response to a price change.
Explanation:
- When talking about elasticity of supply, we are refering to the sensibility of quantity produced when price changes.
- If <u>price increases, producers have an incentive to increase the quantity they offer</u>. This will be <u>conditioned by the productive process they face</u>.
- If it is relatively easy to increase output when facing an increase in prices elasticity of supply would be relatevely high.
- If it is relatively difficult or slow to increase output (think about real assets for example, their production takes more time than produceing candies), facing an increase in prices would not inmediately increase offered quantities. In this case elasticity of supply would be relatively low.
- Then, the amount of time represents a crucial aspect when thinking about how supply can change when prices changes, conditioning the value of elasticity of supply.
Answer:
A. Gross Domestic Product
Explanation:
The gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.
Gross domestic product can be calculated in 3 ways:
1. Expenditure approach
2. National output
3. National income
Expenditure approach = Consumption spending by households + Investment spending + Government Spending + Net Export
I hope my answer helps you