1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natalija [7]
3 years ago
6

Assume you are in the business of producing and selling milkshakes. If you could produce more milkshakes with the same input, wh

at would happen to your productivity and profits assuming the price of your milkshakes remains the same?
Business
1 answer:
poizon [28]3 years ago
6 0

Answer:

Both increases

Explanation:

Suppose a person initially produces and sell some amount of milkshakes with the available resources.

But, if he will be able to produce and sell more quantity of milkshakes with the same level of resources then this will indicates that there is a rise in the productivity of this person and if the number of milkshakes sold increases then as a result profits increases at a same price level.

For Example:

Case 1:

Initially,

Person producing and selling = 20 units of milkshakes at a selling price of $10 each and cost of inputs used in the production = $50

Therefore, Profits = Total revenue - Total cost

                              = (20 units × $10 each) - $50

                              = $200 - $50

                              = $150

Case 2:

Now, we assumed that there is an increase in the productivity of this person. Cost of production and selling price of each milkshake remains the same.

Person producing and selling = 40 units of milkshakes at a selling price of $10 each and cost of inputs used in the production = $50

Therefore, Profits = Total revenue - Total cost

                              = (40 units × $10 each) - $50

                              = $400 - $50

                              = $350

Hence, there is an increase in the profits from $150 to $350.

You might be interested in
Many of​ smashburger's competitors combine a​ burger, fries, and a drink offered at a reduced​ "combo" price. this practice is k
kaheart [24]
<span>Many of​ smashburger's competitors combine a​ burger, fries, and a drink offered at a reduced​ "combo" price. This practice is known as​ product bundle pricing.

Product bundle pricing is when a store will combine items together and do a value price on them as a bundle. Each item has a price they can pay to purchase an item separately but there is a special price and it's usually a better deal when you purchase it in a bundle. 
</span>
7 0
3 years ago
__________ are electronic markets in which banks and institutional traders buy and sell various currencies on behalf of business
Yakvenalex [24]

<u>Foreign Exchange Market</u> are electronic markets in which banks and institutional traders buy and sell various currencies on behalf of businesses and other clients

<h3>What is Foreign Exchange Market?</h3>

A decentralized, open market where currencies are traded on a worldwide scale is known as the foreign exchange market. For every currency, this market establishes exchange rates. It covers every facet of acquiring, disposing of, and exchanging currencies at the going rate or set rate.

<h3>Why foreign exchange is important?</h3>

Foreign exchange refers to the exchange of various national currencies or units of account. It is crucial because a country's economic health and, consequently, the happiness of all its citizens, are determined by the exchange rate, or the cost of one currency in relation to another.

To know more about Foreign Exchange visit:

brainly.com/question/11135015

#SPJ4

3 0
2 years ago
You are 22 years old, unmarried, have no children, and a take-home pay of $2,500 per month. You depended on your parents while a
Oksi-84 [34.3K]
My guess for this answer is D , Hope this helps
7 0
3 years ago
World trade has grown substantially in the last 60 years. for example, while world output grew at an annual rate of 3.8% per yea
kenny6666 [7]

Answer:

it will grow 20.16

Explanation:

6 0
3 years ago
The _____ stage of the response process refers to a receiver's feelings for a particular brand and includes stronger levels of d
kari74 [83]

Answer:

Affective Stage

Explanation:

Affective stage is the most important stage for the market that helps in understanding the customer feeling that how much customer has been attached for a particular brand and from this the market always check that the customer requirement with some strong levels i.e. price, quantity, and quality, etc. for a particular product from which the customer has been attached since long.

4 0
3 years ago
Other questions:
  • 6. What does "qualified" mean in the context of a workshop comment?
    15·1 answer
  • Cartels are corporations that control almost all of the production and sale of a single product.
    10·1 answer
  • The crusades sped up and significantly increased the breakdown of the:
    13·1 answer
  • Shelly offers to sell Jane goods that Shelly, but not Jane, knows are stolen. Jane accepts the offer, and agrees to pay for the
    6·1 answer
  • Monetary policy is considered easy when the money supply is increasing rapidly, but considered ________ when the money supply is
    11·1 answer
  • Nicolette raised her quantity demanded of hockey pucks from 100 to 150 when the price fell from $5 to $3 per puck. using the mid
    11·1 answer
  • if you are planning to become an entrepreneur out of the four types of entrepreneur which one would you like to take up and why?
    7·1 answer
  • Suppose that Chillmax Company now sells both pairs of shoes and fabric carryalls. The pairs of shoes are priced at $60 and have
    6·1 answer
  • Which punctuation mark best matches the image?
    7·1 answer
  • With reference to the communication process, the ________ is the medium through which the message travels
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!