The average cost curve and the variable revenue curve are two lines which intersect at level of output when the firm is supplying and that business is earning zero economic profits.
If the price which the firm is charging from customer is higher than its average cost of production for the quantity of the goods produced, then the firm will earn profits to a large extent.
Conversely, if the price which is charged by the firm is lower than its average cost of production, the firm will suffer losses.
Thus when the cost is equal to the revenue of the firm it means there is no profit at all. At this level the average cost curve will intersect the revenue curve.
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Answer: Open-ended
Explanation:
Here, in this particular we can state that the given question is an example of an <em>open-ended question</em>. Under this scenario, the question being asked is subjective i.e. what an individual likes least about the textbook shopping. The open-ended questions are referred to as questions that cannot be replied with either a yes or a no.
Answer:
Find the break point. (Round your answer to the nearest whole unit.)
122222 fastener
Explanation:
Cost 1= 1100+0,007x
Cost 2=1650+0,0025x
cost1=cost2
1100+0,007x=1650+0,0025x
0,0045x=650
x=122222 fastener
Cost 1=1100+0,007*122222
Cost 1=1955,55
Cost 2=1650*0,0025*122222
Cost 2=1955,55
Options:
A) Select distributors; don't let them select you.
B) Look for distributors capable of developing markets.
C) Give local distributors control over marketing strategy.
D) Treat local distributors as long-term partners.
E) From the start maintain control.
Answer:B) Look for distributors capable of developing markets.
Explanation: A Distributor is a person or an organization saddled with the responsibility of transferring products from one point to another. An independent Distributor is a person or an organization which is not owned by the person or Organisations that it serves.
One of the best guildlines for selecting independent distributors is to select a distributor that is capable of developing markets which may be a new market or an existing market.
Answer:
Explanation:
Opening units 0
Started 56000
56000
Transffered 30000
Closing 26000
Production Table
Using Weighted Average Method
Cost Element Complete Closing WIP Equivellant production units
Material 30,000 26,000 56,000
Labour Cost 30,000 19,500 49,500
