Answer:
hi your question lacks the required options here is the complete question and options
You are a manager for a monopolistically competitive firm. From experience, the profit-maximizing level of output of your firm is 100 units. However, it is expected that prices of other close substitutes will fall in the near future. How should you adjust your level of production in response to this change
a. Produce less than 100 units
b. Insufficient information to decide
c. Produce 100 units
d. Produce more than 100 units
Answer : Produce less than 100 units
Explanation:
A monopolistic firm is a firm that has the sole responsibility or sole ownership of the right of production of certain goods and services. and such products are profit maximizing products because the demand for the products determines the price in the market and also the products are produced at marginal cost equaling its marginal revenue.
From experience when the prices of the close substitutes of the product fall the demand for the product will decrease hence its market price will fall therefore it is wise to produce less than the usual 100 units to still maximize profit.
Answer:
(a) 72
(b) 57.6
(c) 46.08
Explanation:
Given that,
Units produced = 1
Marginal Labor Time = 112.50
Units produced = 2
Marginal Labor Time = 90.00
First, we need to calculate the learning rate.
Learning Rate:
= (Marginal labor time for producing 2 units ÷ Marginal labor time for producing 1 units) × 100
= (90 ÷ 112.50) × 100
= 80%
At production level of 1 unit:
Marginal Labor time = 112.5
At production level of 2 units:
Marginal Labor time:
= Marginal Labor time at 1 unit × Learning rate
= 112.5 × 80%
= 90
(a) At production level of 4 units:
Marginal Labor time:
= Marginal Labor time at 2 units × Learning rate
= 90 × 80%
= 72
(b) At production level of 8 units:
Marginal Labor time:
= Marginal Labor time at 4 units × Learning rate
= 72 × 80%
= 57.6
(c) At production level of 16 units:
Marginal Labor time:
= Marginal Labor time at 8 units × Learning rate
= 57.6 × 80%
= 46.08
Answer:
B. gross income - (required deductions + optional deductions)
Explanation:
Take-home refers to the net pay of an individual. Salaried employees are subject to statutory deduction, such as taxes and pensions. An employee may also have voluntary deductions like loans or a mortgage. The net pay that an employee receives after all deductions is the take-home pay.
Take-home is subject to state laws and regulations. Employers are not allowed to deduct employees' pay beyond a certain percentage. The law requires an employee to have a take-home of around 36 percent if his or her net income.
Answer:
Flexible manufacturing
Explanation:
A flexible manufacturing system (FMS) refers to a manufacturing system that has a certain degree of flexibility to swiftly respond to unpredicted changes in the manufacturing orders and processes. FMS generally result in a increase in labor productivity and machine efficiency, as well as shorter lead times and increased production rate. If well executed, FMS should provide the same benefits as economies of scale but without the large scale production.
I think the answer is price, but I don't know
