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3 years ago

LO 3.3When fixed costs decrease and all other variables remain unchanged, the break-even point will ________.

Business

1 answer:

Alexxx [7]3 years ago

6 0

Answer:

decrease

Explanation:

Break-even point is use to determine the minimum number of units a company needs to sell in order to fully cover the fixed costs. The formula for break-even point is ;

Break- even point = Fixed cost/ (Selling price - Variable cost)

When fixed cost(FC) is decreased while variable cost (VC) and selling price is kept at the same level, the numerator will be smaller making the break- even point to decrease.

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Under the ________ framework, producer surplus is important in the quest for competitive advantage because this is the profit th

Blizzard [7]

The scenario that explains when producer surplus is important in the quest for competitive advantage is the economic value creation framework.

<h3>What is economic value creation framework?</h3>

The economic value creation framework is a strategy about the creation of economic value.

Under the economic framework, producer surplus is important in the quest for competitive advantage because this is the profit that a firm captures when producing and selling a good or service.

Learn more about surplus on:

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2 years ago

Many health care companies are making adaptations to meet the needs of an aging population as the demand for medical services an

Georgia [21]

Answer:

demographics

Explanation:

Demographics relates to the population study figured on such variables as maturity, ethnicity, and gender. Census data refers to systematically articulated social and economic information, which includes jobs, schooling, wages, marriage rates, levels of birth and death, and much more.

Governments, businesses, and nongovernmental organizations use surveys to know more of the dynamics of a community for many reasons, namely decision technology development into the economic structure.

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3 years ago

A clear understanding of ethical expectations is essential to an industry like lobbying, where illicit behavior can sometimes oc

Pachacha [2.7K]

It is true that a clear understanding of ethical expectations is essential for a sector such as lobbying, where there can be illicit behavior in favor of individual benefits.

<h3 /><h3>Lobbying</h3>

It corresponds to the influence of a group in the decisions of public power to favor its objectives.

To avoid unethical lobbying, there needs to be greater dissemination of information about this practice and greater control over the acceptance of contributions from interests, preventing the power of lobbyists over legislators.

The correct answer is:

True

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3 years ago

Problem solving is defined as

Oduvanchick [21]

Answer:

Problem solving is the act of defining a problem; determining the cause of the problem; identifying, prioritizing, and selecting alternatives for a solution; and implementing a solution

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2 years ago

Victoria has $4000 to put toward consumption this month. She believes there is a 30% chance she will have a bike accident this m

aliina [53]

Answer:

If Victoria purchases insurance, she will have (4000-1200) = $2800 for consumption. Now even if she has an accident, she will not have to incur any medical costs.

So the expected value of Victoria’s consumption should she purchase the insurance cover is $2800.

Expected utility should Victoria purchase insurance will be equal to the total utility as Victoria will surely have 3100 for consumption.

E(U )= $3100^{0.8}$

E(U) = 621 (rounded off to nearest integer)

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4 years ago