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stiks02 [169]
4 years ago
10

The big problem with average-cost pricing is that:A. fixed costs are hard to estimate.

Business
1 answer:
zavuch27 [327]4 years ago
6 0

Answer:

B. it ignores the firm's demand curve.

Explanation:

A: With the help of average cost pricing, the fixed cost can quickly estimate. Therefore, it cannot be the answer.

C: The average cost must consider the effect of variable cost. Therefore, it is also the wrong statement.

D: It is easy to estimate profit if there is an average cost pricing.

B: average-cost pricing always ignores the demand curve because it is a "U" shaped curve. Because after a certain level of product selling, the average cost is increasing. On the other hand, demand curve is such that if the price decreases, the quantity demanded increases. Therefore, it is a downward slopping curve. Hence, it is understood that, average-cost pricing ignores demand curve.

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In the case of ________, it was determined that a test for promotion of firefighters to certify test scores was discarded becaus
Vladimir [108]

Answer:

Ricci vs. DeStefano

Explanation:

This case is a US labor law case that occurred in 2009, where twenty (20) firefighters at the New Haven Fire Department claimed to be discriminated against because they were refused promotion despite the fact that they passed the test.

More noticeably, no blacks and a very small number of Hispanics qualified for the promotion.

The result of the lawsuit was that $2 million was paid to the firefighter plaintiffs and New Haven reestablished the results and promoted 14 out of the 20 plaintiffs. For fees and costs, their attorney Karen Lee Torre was paid $3 million.

6 0
3 years ago
You have $1,500 today in your savings account. How long must you wait for your savings to be worth $4,000 if you are earning 1.1
marta [7]

Answer:

89.66 years

Explanation:

In this question, we use the NPER formula which is shown in the spreadsheet.

The NPER represents the time period.

Given that,

Present value = $1,500

Future value = $4,000

Rate of interest = 1.1%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the answer would be 89.66 years

5 0
3 years ago
Describe why cash flow management is important to a business and its financial health. Use a recent financial news story as an e
densk [106]

The cash flow statement plays a vital role for each type of company as it shows the cash positions with respect to the liquidity because the cash should be the most liquid asset and the same would be presented in the organization's hands.

Moreover, they always try to have a sufficient cash amount so that the risk attached to the unfavorable economic situation could be eliminated. So the business wants to store a high value of cash amount and have sufficient liquidity and the same would be presented in the cash flow statement.

Learn more about cash flow here:brainly.com/question/24179665

#SPJ4

6 0
2 years ago
An economy is employing 4 units of capital, 5 units of raw materials, and 4 units of labor to produce its total output of 360 un
polet [3.4K]

Answer:

$0.20

Explanation:

Calculation to determine what The per-unit cost of production in this economy is

First step is calculate the Capital, Raw materials and Labour

Capital=4*$10

Capital=$40

Raw materials=5*$4

Raw materials=$20

Labour=4*$3

Labour=$12

Second step is calculate the Total cost

Total cost=$40+$20+$12

Total cost=$72

Now let calculate the Cost per unit using this formula

Cost per unit= Total cost/Total units produced

Let plug in the formula

Cost per unit=$72/360

Cost per unit=$0.20

Therefore The per-unit cost of production in this economy is $0.20

7 0
3 years ago
Yoko is trying to explain to one of her ticket counter associates the differences in price associated with concert tickets. She
Rashid [163]

Answer:

The correct answer is letter "A": Product line pricing.

Explanation:

Product line pricing refers to the separation of prices of goods according to their benefits and quality. The differences between one and another make prices go up ar down. More often, the higher the price the greater the benefits the product gives to consumers.  

Therefore, <em>Yoko is talking about product line pricing by describing how the lowest-priced tickets of the concert are for least-desirable seats while the highest-priced tickets are for the most-desirable seats.</em>

3 0
4 years ago
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