Based on the information given, the loss for the perfectly competitive market will be $210.
From the information given, the average total cost of 70 units is $8. Therefore, the total cost will be:
= 70 × $8 = $560.
The revenue will be:
= Price × Quantity
= $5 × $70
= $350
Therefore, the loss will be;
= Total revenue - Total cost
= $350 - $560
= -$210
Therefore, the loss is $210.
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The segment that Cisco seek to compete is the relatively stable economy with strong growth potential
Explanation:
The direction in which the company may compete or the nature in which the company may compete or not is called as the economic segment the interest rates the trade deficits the surplus the individuals involved in the business are all included
There are many segmentation analysis and the research is done to analyse the performance of the company and it will include all the factors of the competing environment
The answer is letter c, when this is according to the new
growth theory in which knowledge about producing goods and services is
considered to be important as it is a source of economic growth because new
growth theory is having to focus or ague with the GDP of an individual in which
will increase because of their desire to attain or achieve profits.
Answer:
B- They will decrease as production decreases within the relevant range
Explanation:
variable cost are those cost which are link to the production, there is positive correlation between variable cost and production, increase in production will increase the variable cost and vice visa.
Example of variable cost
1.Labor
2.material
Answer:
100%
Explanation:
Mark-up is the difference between selling price and cost price
Selling price =$99.00
Cost price = $49.50
Mark up = $99- 49.50
=$49.50
As a percentage
= $49.50/$49.50 x 100
= 1 x 100
= 100%