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Mars2501 [29]
3 years ago
7

Write 3 to 5 sentences explaining which levels of production provide Alonzo’s cycling with the maximum profit

Business
2 answers:
Delvig [45]3 years ago
8 0

The relationship between cost, revenue and profit can be presented using the formula:

Profit = Revenue - Cost

However, in the table given, the number of bikes produces varies. We cannot properly compare the profits per day. To be consistent, let us determine the profit per unit of bike produced. Simply divide the profit with the number of bikes produced (1st column). After you see the results, we can see that the highest profit is $17.5 per unit of bike produced. Therefore, the maximum profit can be attained when 4 bikes are produced each day.

worty [1.4K]3 years ago
6 0

Answer:

Profit is maximized when marginal revenue equals marginal cost.  Profit is maximized when five or six bikes are made each day.  Profit declines when more than six bikes are produced each day.

<h2>                               <u>OR</u></h2>

<u />

Based on the data in the graphs, Alonzo's Cycling should produce five or six bikes if it wants to maximize its profits. This is because the sixth bike is the point at which the marginal revenue matches the marginal cost. The company will make $90 in profit with the sale of its fifth or sixth bike each day. After that, the profit begins to fall with each sale.

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For each example, determine how the market for the good in the bolded text will respond to the described change.
Slav-nsk [51]

Answer:

a. Due to increases in hay prices, an input for raising cattle, the price of a gallon of 2% milk increases from $2.98 to $3.25.  QUANTITY DEMANDED DECREASES, as the price of a good or service increases, the quantity demanded decreases.

b. Groupon has a Groupon for $6 off the price of laser tag.  QUANTITY DEMANDED INCREASES, as the price of a good or service decreases, the quantity demanded increases.

c. Sharp increase in the price of wood causes increases in prices for dressers and desks.  QUANTITY DEMANDED DECREASES, if the price of a key input increases, the production costs will increase, resulting in a higher selling price ⇒ lower quantity demanded.

d. Week long special at the grocery store, where pork shoulder is on sale at $1.99 a pound, down from $3.99 a pound.  QUANTITY DEMANDED INCREASES, as the price of a good or service decreases, the quantity demanded increases.

e. Buy one get one free special for MP3 albums on Amazon. QUANTITY DEMANDED INCREASES, the buy one get one free promotion lowers the price of a good or service, resulting in higher quantity demanded.

7 0
3 years ago
On January 1, Year 1, the Accounts Receivable balance was $30,600 and the balance in the Allowance for Doubtful Accounts was $3,
Radda [10]

Answer:

The net realizable value of the accounts receivable immediately after the writing-off the uncollectible is $26,900

Explanation:

The formula to compute the net realizable value of accounts receivable is:

Net realizable value = Balance of accounts receivable - Balance in the Allowance for Doubtful Accounts

                                 = $30,600 - $3,700

                                 = $26,900

The amount of uncollectible which is written off will not be deducted from the balance of accounts receivable as this amount is already included in Allowance for doubtful account.

6 0
3 years ago
Which of the following is an effective strategy for personal saving?
trasher [3.6K]

The statement that is an effective strategy for personal saving is; Save a certain percentage of each paycheck and deposit it directly in a savings account

<h3>What is personal saving?</h3>

Personal saving can be defined as the ability of a person to save their money. Saving this money will enables them to have something to fall back to incase of unforeseen or unexpected circumstance.

The effective strategy for personal saving a person is expected to follow is for the person  to save a  percentage of each of their salary or  paycheck and deposit the money directly into their savings account.

Therefore the statement that is an effective strategy for personal saving is; Save a certain percentage of each paycheck and deposit it directly in a savings account

Learn more about personal saving here:brainly.com/question/15279000

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6 0
2 years ago
When a team member shows strong ego needs in Maslow’s hierarchy, the team leader should find ways to link this person’s work on
Scrat [10]

Answer:

Option B Individual praise and recognition

Explanation:

The reaon is that the person with an ego always require attention and praisers all around because he thinks its one of its basic needs. So to head the team towards the objective achievement the team leader will have to take the whole of the team altogether to achieve the set objectives because the assignment of one team member is dependent on the each others tasks. So to keep an egoist motivated you have to praise him for his well done job.

7 0
3 years ago
Careers with adverse working conditions often demand higher wages. Adverse working conditions might include
Zepler [3.9K]

Answer:

uncomfortable environment

Explanation:

Adverse working conditions create challenges for employees as they execute their mandate. These conditions may result from extreme weather, either very hot such, extremely cold, floods, snow, or windy. Adverse conditions could also refer to security concerns in place of work.

Political unrest, high crime rate, and civil wars create adverse conditions. The nature of work can also make working a challenge.  Miners working many feet underground or soldiers on a battlefield are examples of challenges due to work.

4 0
3 years ago
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