Answer:
Kate will continue to operate in the short-run but plan on she will exit the business in the long-term
Explanation:
Kate's decision should be guided by her business's performance in terms of profitability. Kate is selling her meal at $5, but her total cost of serving the meal is $5.20. It means the business is operating at a loss.
Kate must start plantation on how she will leave that business. She may continue operating but only for a short while. Soon, she will find it hard to stay open because the business is loss-making. Kate will, therefore, continue operations in the short run. In the long term. Kate must plan on exiting the business.
Answer:
A) total cost = (200 labor hours x $20) + (500 units of raw materials x $8) + $4,000 cost of capital = $12,000
average total cost per unit = $12,000 / 2,000 units = $6 per unit
B) new total cost = (100 labor hours x $20) + (500 units of raw materials x $8) + $4,000 cost of capital = $2,000 + $4,000 + $4,000 = $10,000
average total cost per unit = $10,000 / 3,000 units = $3.33 per unit
C) When process innovation occurs, total productivity and efficiency increase, decreasing the average cost per unit. In this case the total cos decrease, but even if total costs do not decrease, higher efficiency and productivity can be achieved by production more units at the same total costs. Process innovations, usually related to new technologies, are responsible for the greatest increases in productivity and efficiency which result in higher economic output and growth.
People will buy at places that are cheap and sell at more expensive prices because:
- The transactions costs would be too high.
- There's little resale market for used Big Macs.
- They would be expensive to transport.
- They're perishable.
<h3>What is transactions cost?</h3>
Transactions cost simply mean the expenses that are incurred when one buys or sells a particular product.
In this case, the above options are the reasons why people are unlikely to buy Big Macs in the places where they are relatively cheap according to purchasing power parity.
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If ten executives have salaries of $80,000, six have salaries of $75,000, and three have salaries of $70,000, The median salary is $80,000
Total number of observation = 10+6+3= 19
Median = 
=20/2 = 10 th value
Reason:
The median is the middle score when they are arranged in ascending or descending order.
Since there are a total of 19 observed values, the tenth value is the median $80,000
What is the median ?
The median is the middle number arranged in , ascending or descending order of numbers and can be more detailed of that data set than the average.
Why is median important?
The median is important because it gives us an information about the the center value of data and its location. The median tends to be more helpful to calculate than the mean when a distribution is skewed and/or has outliers.
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brainly.com/question/14532771
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