Answer:
a. charged any ticket price above $0 for the four remaining seats
Explanation:
Marginal cost refers to the extra expense incurred by a business in producing as an additional unit. For a business to be profitable, its marginal cost should be equal or greater than the marginal revenue.
The Get-There-Safe Bus company has a marginal cost of zero or an additional passenger. It means the cost associated with selling one more passenger ticket is zero. For the bus company to be profitable, it must sell an extra ticket at a price greater than the marginal cost. Therefore, a price greater than zero will result in profit.
Using the steps required to problem solving, once Sam as been able to recognize the problem, then the next thing he has to do is define the problem in detail.
- Before a solution to a problem can be achieved, it is imperative to be <em>aware what the problem</em> is and then find a way to approach and solve them.
- As a the manager, once he has been able to recognize the problem, that is employees calling in sick very late to their shift, <em>then Sam has to define the problem in detail. </em>
- Once, Sam is able to <em>define the problem in detail</em>, solving the problem will become easier.
Therefore, the next step to be taken by Sam is to <em>define the</em> <em>problem in detail</em>.
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Bks, incorporated has a research and development (r&d) facility in the arizona desert. only authorized persons are allowed in the facility and all employees and guests must sign a non-disclosure agreement. bks likely considers the ideas of the people in their r&d division to be: <u>trade secrets</u>
Answer:
The demand for nails will decline
Explanation:
Lumber and nails are considered to be complimentary goods as they are used together. As such, when lumber is purchased, nails are purchased also for use together with the lumber.
Accordingly, if the price of lumber increases significantly, the demand for lumber is expected to fall. Thus, the demand for nails is also expected to fall as users demand less of nails due to the decrease in the demand for lumber.