Answer:
(A) When the marginal cost of producing an additional unit equals the marginal revenue from that unit.
q = 4 maximize the profit
Explanation:
The profit-maximizing level is the one at which marginal revenue equals marginal cost, so we will set the eqaution and solve for Q
MR = MC
10 - q = 2 + q
10 - 2 = q + q
8 = 2q = 4
the profit is maximize at q = 4
Answer:
$2,122,900
Explanation:
Calculation to determine what The Gross margin for September was
First step is to determine the variable costs
Variable costs= (317 * 7,100) + (44*7,100) + (22*7,100)
Variable costs= 2,250,700 + 312,400 + 156,200
Variable costs= $2,719,300
Now let determine the Gross margin
Using this formula
GM=Sales-VC
Let plug in the formula
Gross margin = (682 * 7,100) - 2,719,300
Gross margin = $2,122,900
Therefore The gross margin for September was:$2,122,900
Answer:
State ownership
Explanation:
State ownership, or government ownership, or public ownership, is a form of ownership were the government owns or partly owns as well has control over a business with the revenue from the business or establishment being added as benefits accruable to the welfare of the public
The characteristics of a state ownership are;
1) State ownership means that the government is the owner, or part owner of the establishment, where part ownership belongs to the public
2) The main purpose of a state owned business is not to make profit, but rather to provide public welfare, that benefits the residents of the country
3) The profits from the business are entered into the treasury of the state and are used to carry out public welfare projects
4) The employees of the government are the managers of the establishment which is subject to bureaucracy, and the business is operated with a state selected board of directors
5) The government determines the manner of stability present in the business, as well as the winding up of state owned businesses that have no function
6) The state owned business is operated by the laws and policy if the business and it is therefore recognized as an autonomous body
Answer:
125 pounds
Explanation:
Firstly, we need to know the total product of labor of the five full time workers.
This is equal to 120 * 5 = 600 pounds
The last worker is 150 pounds
The total now is 600 + 150 = 750 pounds
The average product of the six workers will now be 750/6 = 125 pounds
The mission statement should guide the actions of an organization, spell out it's overall goal, provide a path, and guide decision-making. It provides "the framework or context within which the company's strategies are formulated". It is like a goal for what a company wants to do for the world.