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Verdich [7]
3 years ago
15

Assume that marginal revenue equals rising marginal cost at 100 units of output.

Business
1 answer:
Digiron [165]3 years ago
5 0

Answer:

b) -$700.

Explanation:

The economic profit or loss will be:

economic result = revenue - total cost

<u>Where:</u>

fixed cost + variable cost = total cost

400 + 600 = 1,000

revenue = units x selling price per unit

100 units x $3 = $300

economic result = revenue - total cost = 300 - 1,000 = -700

The company is on the optimal level, marginal revenue = marginal cost at 100 units of output.

But, it is not selling at the correct price. It should sale at a higher price.

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nirvana33 [79]

Answer:

The right thing for Reginald to do Is to merge law and equity to resolve the situation.

Explanation:

It means Reginald should call the ten striking clerks to the table and hear out their grievances and do something about their grievances if the fault is from him(Reginald) so that they can get back to work, but if they fail to come to a compromise, the law can be apply.

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4 years ago
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Answer:

Organic structure.

Explanation:

Organic structure: It is defined as flat organizational structure as it does not follow normal hierarchical structure, it is more of a decentralized structure with a lesser layer of management at every level, where more information is shared among employee and each department co-operate with other departments, which helps the organization to adapt well with the changes. Employees have the opportunity to participate in the decision-making process of the organization.

In the given case, Steel manufacturing firm are following an environment that is simple and integrated but also dynamic and hostile, which is a perfect organic structure.

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4 years ago
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Void

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The contract could be void because of many reasons like the contract need one party to perform that act which is impossible or in that case, where one party is not mentally incompetent.

So, in this case, the contract is most likely to be void as the contract with the party who is mentally incompetent, though the party has not been adjudged through court.

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