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rusak2 [61]
3 years ago
14

Suppose that a firm's long-run average total costs of producing hand-crafted chairs is $300 when it produces 10,000 chairs and $

325 when it produces 11,000 chairs. For this range of output, the firm is likely experiencing
Business
1 answer:
erastova [34]3 years ago
6 0

Answer:

Coordination Problem

Explanation:

Below is the given values:

Average total cost of producing 10000 chairs = $300

Average total cost of producing 11000 chairs = $325

The coordination problem arises when an increase in total output increases the average total cost due to the non-coordination of the inputs used in the production process. Therefore coordination is correct answer.

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If textbooks and study guides are complements, then an increase in the price of textbooks will result in a. more textbooks being
julia-pushkina [17]

Answer:

d. fewer study guides being sold

Explanation:

If there is an increase in the price of textbooks, it is fair to assume that demand for textbooks will fall and, thus, textbooks sales will also fall. When goods are complements, a decrease in demand for a certain good means that its complements will also experience a similar decrease in demand. Since textbooks and study guides are complements, the sales of study guides will also fall.

Therefore, the answer is d. fewer study guides being sold

7 0
3 years ago
(Numeric Entry) Suppose you put $1000 into a money market mutual fund that paid 10% a year, where interest was compounded annual
kkurt [141]

Answer:

$1100

Explanation:

Compound Interest is a multiplying effect interest , in which interest for each successive period  is calculated on (Principal + Interest) of each preceeding period .

Formula :  A = P(1+r/n) power 'nt  .

r = Interest rate , t = time , n = compound in time 't' , P = Principal

A = 1000 (1+10/1) power'(1X1) = 1000 X 11 power 1' = 1000 X 11 = 1100

5 0
3 years ago
Which of the following defines an organization? A group formed by people who are seeking friendship or common interests A group
Montano1993 [528]

Answer:

A group of people who work together to achieve some specific purpose

Explanation:

Organisations or companies are established by people to achieve a common goal. Here people from different aspects and from different back ground come together and work together to achieve a specific purpose.

All people collaborate and help each other to full fill the vision and the objective of the organisation. They share their ideas and talents for the success of the organisation and help to achieve the specific purpose of the organisation.

Thus the answer is  A group of people who work together to achieve some specific purpose.

6 0
3 years ago
Toyota manufactures in Japan most of the vehicles it sells in the United Kingdom. The base platform for the Toyota Tundra truck
Rufina [12.5K]

Answer and Explanation:

The computation of the change in price is shown below:

Original import price

= 1,650,000 ÷ 197

= 8375.63

The new import price is

=  1,650,000 ÷ 190

= 8,684.21

Now the percentage change in price is

= (8,684.21 - 8375.63) ÷ 8375.63

= 3.68%

This would be equal to the percentage change in the Japanese yen as the price of the truck remains unchanged

4 0
3 years ago
After suffering a loss in revenue, the accounting department of a large firm gains importance in determining critical financial
krok68 [10]

Answer:

A. Managing Critical problems

Explanation:

The effect of the loss in revenue suffered by the firm helped the accounting department of the organisation gain importance in determining critical  financial policies for the subsequent year.  This can be classified as power stemming from managing critical problems because the experience the organisation had and how it was able to manage it had allowed the accounting department gain more knowledge and plans on how to be proactive so that it will be possible to avoid such situations in the future.    

Hence the best option is A. power stemming from  Managing critical problem  

5 0
3 years ago
Read 2 more answers
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