Answer:
Economic profit will be $40
So option (d) will be correct option
Explanation:
We have given number of units produced = 20 units
Price of per unit = $10 per unit
So revenue = 20×$10 = $200
Revenue :20 units * $10 = 200
Fixed cost is given $100
Variable cost: 20 units ×$3 = 60
So total cost= Fixed cost + Variable cost = 100 + 60 =$160
So economic profit = Revenue - Total cost = 200 - 160 = $40
So option (d) will be correct answer
Answer: Company should not expand to either.
Explanation:
Find the expected values of expanding to either country and pick the country with the highest expected value:
China:
= ∑(Probability of outcome * Outcome)
= (20% * 2,000,000) + (30% * 1,000,000) + (50% * -2,000,000)
= -$300,000
Vietnam:
= (70% * 1,000,000) + (30% * -2,500,000)
= -$50,000
<em>Both countries result in an expected loss so company should not expand to either of them. </em>
Answer: d. No, a contract has not been formed, since Harry has not signed a contract for the goods.
Explanation:
The Uniform Commercial Code (UCC) utilizes the Statute of Frauds which states that contracts for goods worth over $500 in value are to be signed for them to be valid.
The goods here are worth:
= 1,200 * 2
= $2,400
This contract is well worth over the $500 required for the contract to be signed which means that as Harry did not sign the contract, there is no contract.
Answer:I got transaction processing system
Explanation:
Apex
Answer:
The correct answer is letter "B": This is an ethical dilemma because both the customer and the company have legitimate concerns.
Explanation:
An ethical dilemma is situation that entails an apparent mental conflict between moral legitimate concerns, in which one would transgress another. These concerns can be refuted in different ways, for instance by showing that the alleged ethical dilemma is only apparent and does not actually exist, or that the solution to the ethical dilemma involves choosing the greater good and the lesser evil.
