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3 years ago

Profit maximization occurs when:

Business

1 answer:

lianna [129]3 years ago

3 0

Answer:

The correct answer is option B.

Explanation:

Profit maximization refers to the situation when a firm is able to maximize the total profit that it could earn through the production of goods and services.

The total profit is maximized when the marginal profit is zero or when the marginal revenue is equal to marginal cost. The marginal profit is the difference between marginal revenue and marginal cost.

If the marginal revenue is greater than the marginal cost the firm should increase production till both are equal.

In case, marginal revenue is less than the marginal cost the firm should stop producing more and reduce production till both are equal.

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3 years ago

Read 2 more answers

Patricia is a team leader. When looking at an e-mail from one of her team members, Patricia noticed that the e-mail was sent at

zalisa [80]

The options in this question are missing; here are the options:

Which aspect of creating a positive organizational culture is Patricia utilizing?

A. Rewarding more than punishing

B. Building on organization strengths

C. Emphasizing individual growth

D. Building on employee strengths

E. Providing extrinsic rewards

The answer to this question is A. Rewarding more than punishing

Explanation:

One important factor in creating a positive organizational culture is to make employees feel appreciated and recognizing their efforts. This can be achieved through the rewarding more than punishing strategy, which implies focusing on positive actions and aspects rather than on negative aspects. Besides this, as part of the recognition of positive aspects employees or members of a team are rewarded, which includes verbal praise.

This strategy is used by Patricia because she has decided to focus on the effort the employee made by sending the e-mail at 9:30 p.m. because this showed the effort he was making and how much time he is dedicating to the job. Also, as part of recognizing the employee's effort, Patricia uses verbal praise, which a reward.

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3 years ago

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. She might want to open a

olga_2 [115]

She might want to open a Motel.

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3 years ago

An organic farmer has identified three distinct groups that might be interested in his products: vegetarians, health-conscious i

Firlakuza [10]

Answer:

The correct answer is b) market segments.

Explanation:

A market segment is a group of consumers, it is mostly homogeneous either by certain characteristics or by their needs, which are identified as a market that presents similar desires or buying habits and that would potentially respond similar to the strategy developed by the marketing mix.

Through market segmentation you will be able to identify the segment to be served and establish the strategy to achieve it. At the time of segmenting the market you can do so by responding to the strategy you wish to apply:

Differentiated: taking into account that the segment to be attended is heterogeneous and the product or service to be offered is built to meet the particular needs of each client.
Undifferentiated: based on the needs that the group commonly responds. Here the product or service satisfies each client corresponding to the indicated segment in the same way.
Concentrated: it is the most specialized strategy of the three. The idea here is to concentrate efforts in the segment where a strong comparative advantage is achieved.

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3 years ago

Michelle Duncan wants to know her affordable home purchase price. Her annual gross income is $49,800. She has $820 per month of

Alex Ar [27]

Answer:

d) $84,439

Explanation:

We can use the rule of 28/36 to calculate Michelle's affordable home purchase. She should only spend up to 28% of her monthly income on housing expenses and up to 36% of her monthly income paying for debt service.

monthly salary = $49,800 / 12 = $4,150

her total monthly amount to pay for debt service = $4,150 x 36% = $1,494

she is already paying $820 per month for other debts, so her monthly payment should be less than: $1,494 - $820 = $674

her total monthly amount to pay for housing expense = $4,150 x 28% = $1,162

she is planning on paying $270 in related house expenses, so her monthly payment should be less than: $1,162 - $270 = $892

out of the five options, Michelle cannot afford to buy the $253,316 house, but she can afford to buy the $84,439 house.

[($21,110 x 0.75) / $1,000] x 7.69 = $121.75 monthly payment

[($253,316 x 0.75) / $1,000] x 7.69 = $1,461 monthly payment

[($63,329 x 0.75) / $1,000] x 7.69 = $365.25 monthly payment

<u>[($84,439 x 0.75) / $1,000] x 7.69 = $487 monthly payment</u>

[($48,710 x 0.75) / $1,000] x 7.69 = $280.93 monthly payment

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3 years ago