<span>If
a competitive firm can sell a ton of steel for $500 a ton and it has an average
variable cost of $400 a ton, and the marginal cost is $600 a ton, the firm
should reduce its output. The reason for the reduction of output is the
marginal cost it will have. The marginal cost exceeds the selling price of the
product which is a bad sign for the company.</span>
Answer: Option B
Explanation: Differentiation strategy refers to the strategy in which a firm tries to differentiate itself from the market by developing a unique product that has never been introduced before. It is done with the objective of gaining competitive advantage by starting one's own market base.
However, this has a major pitfall as the product that the consumers might not find that product valuable as much or the production cost would be too high that it lead to premium pricing.
Hence from the above we can conclude that the correct option is B.
Answer: Group dynamics
Explanation: In simple words, group dynamics is the system of behavior that occurs within a group. The group dynamics is studied by the top management of an organisation.
The group dynamics is helpful in decision making process, as all the members behavior will be taken into consideration under this study. It is the way that different members in the group behave and interact with each other.
Hence, from the above we can conclude that the right answer is group dynamics.
Answer:
$60000
Explanation:
Their are 1000 products to produce per week for 30 weeks.
Total of product = 30* 1000
= 30000
For every 100 products, the filter needs to be changed, and it cost $50.
The number of filter used is
= 30000/100
= 300.
So the product cost $1.5
Total cost =
($1.5*30000)+($50*300)
= $45000+$15000
= $60000
Answer:
D. The change in real GDP cannot be determined without more information.
Explanation:
GDP is the total value (P X Q) of final goods & services produced in an economy during a period of time.
Real GDP is measured at constant base year price level, such that it reflects change only due to quantity & not price rise (inflation).
Nominal GDP is measured at current year price level, it reflects change due to both quantity & price rise (inflation).
Nominal GDP / Real GDP = GDP Deflator. It measures the average price level change in current period relative to base period, helps eliminating price change effect & converting Nominal GDP into Real GDP .
Cannedada: 2018 Nominal GDP = $4 Billion, 2019 Nominal GDP = $5 Billion
Nominal GDP has increased between 2008 & 2009. Production rise between 2008, 2009 cant be found without 2009 Real GDP. Average price level rise between 2008 & 2009 cant be found without 2009 Real GDP (through GDP deflator).
