Answer:
Firm should not shut down, as it is able to cover its Average Variable Cost
Explanation:
Perfect Competition firms in Short Run : The firms produce even if their average revenue (price) < their average total costs (AC). They continue production until Average variable cost (AVC) ≥ per unit price (P) i.e average revenue (AR). This is called Shut Down Point. P lower beyond AVC implies that firm won't continue even in short run.
Given : Variable Cost (VC) = 500 ; Revenue (R) = 510
Average Variable Costs & Average Revenue are variable costs & revenue, per unit quantity. AVC = VC / Q ; AR (P) = R / Q
R i.e 510 > VC i.e 500
So, R/ Q i.e AR is also > VC / Q i.e AVC
Since AVC > AR (P), firm should not shut down
The correct option from the given options is "<span>a promotional push strategy".
In the above situation, Mars Inc. utilized a promotional push strategy. Projects intended to influence the exchange to stock, merchandise, and advance a maker's items are a piece of a limited time push procedure. The objective of this technique is to push the item through the channels of appropriation by forcefully offering and elevating the thing to the affiliates, or exchange.
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Answer:
Explanation:
Variance analysis studies the relationship between actual and budgeted cost for business activities. Variance analysis helps the management in two ways;
Favorable - if the actual cost incurred is less than the budgeted cost, the difference amount is a saving for the company.
Unfavorable - if the actual cost is more than the budgeted cost, the difference is an extra expenditure for the company.
Flexible budget;
- The flexible budget is prepared at different levels of volume that was initially projected by the master budget.
- It is highly styled and more useful than the master budget.
The report showing the Activity and Spending Variances for march is given in the file attached below, in other not to cause confusion. Thank you.
Answer:
C. the starvation of up to 35 million people.
Explanation:
Collectivization was first introduced in the USSR by Joseph Stalin between 1929-1933 and his purpose for starting this process was to limit the powers of the Kulaks, who were the rich peasants. The program was also aimed at improving agriculture. China adopted this same policy under the rule of Mao Zedong between 1949-1976. Also known as <em>The Great Leap Forward </em>era, this process sought to make China a socialist economy and also increase productivity in agriculture.
The resultant effect of this process was mass starvation of about 35 million people in 1959. Although the government referred to floods and droughts as the cause of this starvation, it was actually the result of collectivization. When Diang Xiaping came into power in 1978, he instituted reforms in the collectivization process that proved successful.
Answer: They include land (including natural resources), capital, and labor.
Explanation:
