Answer:
The correct answer to this question is A) with the addition of 11th worker , the marginal profit ( for 11th worker ) of Rosie's flower shop would be $500.
Explanation:
Marginal profit can be defined as the additional amount of profit that a company earns because of an additional unit that had been produced.
Here we can calculate what marginal profit would be for the 11th worker as-
Workers Selling price Cost price Profit
10 $7500 (500 x $15) $4000 (10 x $400) $3500
11 $8400 (560 x $15) $4400 (11 x $400) $4000
So from the given above information we can say that if we take out the marginal profit for 11th worker it would be $500 ( $4000 - $3500 ).
Answer:
The correct answer is c. A firm considers overhead or depreciation costs to make short-run decisions
Explanation:
As Professor Adam Grant suggests, sunk costs have an important effect on our decisions, but there are three factors that influence us even more: anticipated regret ("will I regret it if I don't give the project another chance?"), project completion ("if I continue to invest, I will finish the project successfully") and the threat of ego ("if I do not continue betting on the project, I will seem a failure"
A good option is to prevent these three factors from occurring and constantly ask for feedback from those around us (collaborators, partners, friends). If we ignore the opinions that go against what we think, we will be putting the project at risk without realizing it. On the contrary, those who do not mind "swallowing pride" in the short term will make better decisions in the long term. On the other hand, separating the project from the person, the entrepreneurial venture, will help us not to take the recommendations of our environment personally and to react much more quickly and quickly.
Answer: C. Manage materials/products, information, financials, and demand.
Explanation: Supply Chain is said to be a the network between a manufacturer and its suppliers.
It is a system of coordinating the movement of goods and services from its manufacturer to its suppliers.
It involves the use of people, activities, information and resources.
A good supply chain must manage its materials/products, information, financials, and demand efficiently to maximise its daily, weekly or monthly output.
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