Answer:
Difference= $1,000 increase
Explanation:
Giving the following information:
Selling price per unit: $30
Variable expenses per unit: $21
New selling price= 30 - 2= $28
New units sales= 13,000
<u>First, we need to calculate the current contribution margin:</u>
Total contribution margin= units sold*unitary contribution margin
Total contribution margin= 10,000*(30 - 21)
Total contribution margin= $90,000
<u>Now, the new contribution margin:</u>
Total contribution margin= 13,000*(28 - 21)
Total contribution margin= $91,000
Brenda sees a television advertised around $500. when she finally buys one for $450, she feels she got a good deal. in this case, the $500 price acted as an anchor.
A cognitive bias known as the anchoring effect describes a common human tendency to excessively rely on the initial piece of information proposed when making a decision.
Anchoring occurs when people base subsequent judgments on an earlier piece of information during decision-making. Once an anchor is established, subsequent decisions are made by moving away from it, and there is a bias toward framing subsequent data in relation to the anchor.
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The allocation of money for the additional expense that equates to the cost of renovating the leased space to meet the tenant's business needs is referred to as a tenant improvement allowance.
<h3 /><h3>What is the Tenant Improvement Allowance?</h3>
It corresponds to a previously negotiated amount of money, which will be provided by the owner to the tenant with the aim of covering all or part of the construction costs.
Therefore, a tenant improvement allowance is a resource that can be applied to all construction-related expenses related to physical improvements to the site.
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Answer:
D. they may no longer be able to specialize, and total output will decrease.
Explanation:
When successive workers are added to a production process the law of diminishing returns sets in. The law of diminishing returns states that as more input is added in the production process there is a point at which the marginal output will begin to decease. When law of diminishing returns sets in, effectiveness of added input decreases.
So in this scenario when additional labour is added at a point the output will begin to decrease.
