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grigory [225]
3 years ago
12

​Ronny's Pizza House operates in the perfectly competitive local pizza market. If the price of pizza cheese​ increases, ceteris

paribus​, what is the expected impact on​ Ronny's profit-maximizing output​ decision? A. Output decreases because the marginal cost curve shifts upward. B. Output increases to cover the higher input cost. C. Output increases because the marginal cost curve shifts upward. D. Output decreases because the price of pizza must also increase.
Business
1 answer:
larisa [96]3 years ago
8 0

Answer:

Option (A) is correct.

Explanation:

A particular profit maximizing firm is produces at a point where marginal cost is equal to the marginal revenue.

Pizza cheese is used as an input for producing pizza, so if there is an increase  in the price of pizza cheese then this will results in an increase in the cost of production for the Ronny's Pizza House and this change will shift the marginal cost curve upwards.

We know that marginal revenue curve is downward sloping and marginal cost curve is upward sloping, so if there is a upward shift in the MC curve then it cuts the marginal revenue curve at a lower level of output.

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A produce distributor uses 773 packing crates a month, which it purchases at a cost of $11 each. The manager has assigned an ann
alekssr [168]

\sqrt\frac{2*773*28}{33}Answer:

Explanation:

Using the EOQ Formula =  EOQ\sqrt\frac{2*D*O}{H}

D = Demand = 773

O = Ordering Cost =28

H = holding Cost = 11*33% =3.63

So we have :

EOQ=\sqrt\frac{2*D*O}{H}

EOQ= \sqrt\frac{2*773*28}{3.63}

EOQ=\sqrt\frac{43288\\}{3.63}

EOQ= \sqrt{11925.06887}

EOQ= 109.20196

   

Previous per unit order cost = 28/773 =0.03622

No of Orders = D/o  

No of Orders = 773/109.20196 =7.0786

Cost per order =109.20196*0.03622 =3.9555

Total order cost= 7.0786*3.9555=27.9998

At EOQ holding Cost is equal to Order Cost

New Order cost =27.9998

Holding Cost = 27.9998

New cost As per EOQ = 56

Previous (33+28)  =  61

Net Saving = 5

6 0
3 years ago
The continual process by which managers actively encourage, stimulate, and support employee commitment to the company, the compa
vekshin1

Answer:

Internet marketing

Explanation:

The internet marketing is the marketing technique where the company promotes its goods and services over the internet so that it become for consumers to check out the company products at their convenient time. Also it could be accessed via mobile phones, laptops and etc.

Here in the given situation, the continuous through which managers actively motivates and support the employees so this situation represent the internet marketing

5 0
3 years ago
Terrance has just signed a contract with a bank to get a loan to buy a new house. What is TRUE about this contract? A. Both the
borishaifa [10]

Answer: C. Both parties now have an obligation to their agreement.

Explanation:

When parties get into a contract, they have a legal obligation to each other to fulfill their part of the agreement or the other party will be able to seek redress in a court of law.

Terrance and the bank are now parties to an agreement to provide Terrence with a loan to buy a house. The bank will have to fulfill this obligation by giving Terrence the loan and Terrence will fulfill his side of the agreement by making payments as stipulated in the loan covenant.

5 0
3 years ago
Management is the attainment of organizational goals in an effective and efficient manner through ______, ______, ______, and __
Ainat [17]

Answer:

b. planning, organizing, leading, and controlling

Explanation:

The management is an achievement of organizational goals in an effective as well as an efficient way through <u>organizing, planning, controlling and leading</u> organizational sources. Basically organizational goals are strategically placed aims that plan expected outcomes furthermore supervise subordinates' efforts. There are three kinds of organizational goals they are as follows:

* Tactical

* Strategic

* Operational goals

Organizing, planning, controlling and leading are the qualities that are very effective.

3 0
3 years ago
A ___________ is a consumer problem, need, or desire that a business could provide a solution for. A. Change or trend B. Company
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Business opportunity........

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Read 2 more answers
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