Answer:
so they can have more attention to the logo and more people will under stand what itd be
Explanation:
Answer:
Fixed cost per units= $2.14
Explanation:
Giving the following information:
Rent= $5,000
Direct labor= $2,500
Usually, direct labor is a variable cost that varies with production.<u> In this case, I will consider it a fixed cost.</u>
F<u>irst, we need to calculate the total fixed costs:</u>
Total fixed cost= 5,000 + 2,5000= 7,500
<u>Now, the fixed cost per unit:</u>
Fixed cost per units= 7,500/3,500
Fixed cost per units= $2.14
Answer: B. In the short run, the typical firm increases its output and makes an above normal profit.
Explanation:
I have attached a graph to explain.
Originally the Perfectly Competitive Market is in a long run Equilibrium.
This means that at 5000 units the $20 selling price was as a result of Marginal Revenue being equal to Marginal Cost.
Now a sudden change in Demand has taken the price up which then forces the Marginal Revenue Curve upwards.
This will culminate with the Marginal Revenue Curve now intersecting the Marginal Cost curve at a higher point being point F so that profit can be maximised.
This higher level will thus lead to a higher output than 5000 units at point Q as the firm will increase output.
Notice that at that point the Marginal Revenue is higher than Average Total Cost meaning that an Above normal profit is being made.
Do react or comment if you need any clarification.
Answer: True
Explanation: The funding goal is the least amount you need to start on a project and pay for rewards if you've offered any and the very concept of funding goal should come from the campaign objective. You are expected to decide on whether your campaign should come from a financial standpoint or marketing standpoint. It is true that the fact that Megan Grassell exceeded her funding goals is a good indication that her product will be popular.