If firm in a perfectly competitive market triples the quantity of output sold, then total revenue will exactly triple.
<h3>What Is Perfect Competition? </h3>
Perfect competition do take place in a market as a result of a situation when all companies sell identical products and un this case, market share does not influence price.
Therefore, in this market, quantity of output sold and total revenue will be the same.
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Answer:
Expansion might involve adding employees and franchises, increasing your marketing efforts, forming an alliance, offering new products or services, merging with or acquiring another business, or expanding online.
Explanation:
Answer: $6.705 million
Explanation:
Ms. Neon can speed up collections by 2 days so collection is faster.
She can slow down payments by 1/2 days so payments are slower.
Freed up cash is;
= (Cash receipts * Days sped up) + (Cash payments * days slowed down)
= ( 3.05 * 2) + (1.21 * 1/2)
= $6.705 million
Answer:
$232,760
Explanation:
you must first determine the market value of your house = appraisal value - sales expenses = $253,000 - $20,240 = $232,760
the market value of the house is your opportunity cost of using the house as an office.
opportunity costs are the extra costs or benefits lost resulting from choosing one investment or activity over another alternative.
Cashiers at a department store are authorized to make price adjustments for customers of up to $25 without getting approval from their supervisors. This would suggest that the department store is a decentralized organization. In a company with decentralized organization the <span>decisions are not made centrally by the head of the company (in our case manager of the store and supervisors) , but decisions are made by mid-level or lower-level managers (cashiers in our case).</span>
