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Sophie [7]
3 years ago
8

The accounting hired by Forever Fitness have determined total fixed cost to be $75,000, total variable cost to be $130,000, and

total revenue to be $125,000.
Because of this information, in the short run, Forever Fitness should:


a) lower their prices to increase their profits.

b) stay open because the firm is making an economic profit.

c) stay open because shutting down would be more expensive.

d) shut down because staying open would be more expensive.
Business
1 answer:
yan [13]3 years ago
5 0

Answer:

Option D. Shut down because staying open would be more expensive.

Explanation:

The reason is that the total variable cost is lower than the total revenue which means the company can not reduce its variable cost so it is meaningless to produce the product. So the best option left is not to generate loss by simply shutting down the business.

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Inflation is best described as _____.(1 point)
Kryger [21]

Inflation is the situation money is losses some of its value due to general process levels rises in the economy.

  • Hence it can be best be defined as the increase in the amount of money and credit in the economy related to the supply of services and goods.
  • Thus its an upward, general trend of prices in the economy. Hence the option D is correct.

Learn more about the best described as.

brainly.com/question/15588968.

5 0
2 years ago
Read 2 more answers
Your new team is working hard, but they are all less experienced than you and don't complete their tasks as quickly
hammer [34]

Answer:

I would personally try to teach them myself since I have more experience and help them get better at their work environment.

Explanation:

8 0
3 years ago
sharice just accepted a job offer from an intriguing company. It encourages video game play on breaks to build camaraderie among
vampirchik [111]

Question: Sharice just accepted a job offer from an intriguing company. It encourages video game play on breaks to build camaraderie among co-workers, happy hours to get to know team members, and emphasizes "giving back" through community service once a month in their neighborhood. Based on this information, and what you know from this chapter, you would conclude that Sharice is employed ___________.

a. at a great workplace

b. at a positive institution

c. in her career

d. at a job

Answer: At a positive institution.

8 0
3 years ago
The income effect, the substitution effect, and diminishing marginal utility together explain:______.
lorasvet [3.4K]

The income effect, the substitution effect, and diminishing marginal utility together explain the Downsloping Demand Curve.

The Downsloping Demand Curve is explained by each of them. Because marginal utility decreases as more of a thing are consumed, a consumer's demand curve for that product slopes downward.

Income Effect: The change in demand for a good or service brought on by a shift in a consumer's purchasing power as a result of a change in real income is known as the income effect.

Substitution Effect: The substitution impact is the decline in sales of a product brought on by customers switching to less expensive substitutes when the price of the product increases.

Diminishing Marginal Utility: The phenomenon known as diminishing marginal utility describes how each extra unit of gain results in an ever-smaller rise in subjective value.

The income effect, the substitution effect, and diminishing marginal utility together explain the Downsloping Demand Curve.

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3 0
2 years ago
An analysis of a proposal by the net present value method indicated that the present value of future cash inflows exceeded the a
konstantin123 [22]

Answer:

b. The proposal is desirable and the rate of return expected from the proposal is less than the minimum rate used for the analysis.

Explanation:

Under the Net Present Value method we compute the present value of all cash flows, inflow or outflow

And these values are discounted at the minimum rate of return required if the resulting value is positive that means that the rate of return expected is less than minimum rate of return used to discount the value. In that case we are sure that the result of this project will be positive and favorable.

As the discount rate used is in, fact is higher than the actual rate of expected return, therefore this assures to return a profit.

Final Answer

b. The proposal is desirable and the rate of return expected from the proposal is less than the minimum rate used for the analysis.

7 0
3 years ago
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