Answer:
False
Explanation:
A firm should end production and shut down only when its total revenue falls below variable costs, because at this point, production will bring about more losses, compared to if the company isn't producing at all.
<u>If total revenue exceeds and can cover its variable cost, a firm should remain in operation in the short run</u> (even if it is incurring losses), as this contributes to paying off the firm's fixed costs.
Answer:
A self-starter is a person who is motivated to set and achieve goals and takes initiative within the workplace. Self-starters are especially important in the workplace and highly sought after by employers because they can get their job done with supervision and work through issues and perform tasks on their own.
Explanation:
Suppose a monopolist produces output where total revenue is maximized. At that output, the price elasticity of demand for the monopolist's output is equal to one.
What is Monopoly?
A monopoly is a market structure where one producer or seller holds a significant amount of influence within a certain market. Monopolies are forbidden in free-market economies as they limit customer alternatives and discourage competition. A company that enjoys monopoly status lacks replacements for its goods and faces little internal competition. Monopolies have the power to set prices and create barriers to entry for competing companies. Monopolies frequently benefit from economies of scale, the capacity to produce large volumes at reduced unit prices.
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Answer:
Mass Customization
Explanation:
Mass Customization -
It is a manufacturing and marketing strategy ,
where huge range of services and products are altered or changed according to the likes and dislikes of the customers , is referred to as mass customization.
It is also known as built - to - order and made - to - order.
These type of method are used in order to increase the sale of the goods and service , by modifying the goods according to the customers satisfaction.
Hence , from the question,
The correct term is mass customization.
Answer:
$1,295.03
Explanation:
To find the answer, we will use the present value of an annuity formula:
PV = A ( 1 - (1 + i)^-n) / i
Where:
- PV = Present Value of the investment (in this case, the value of the loan)
- A = Value of the Annuity (which will be our incognita)
- i = interest rate
- n = number of compounding periods
Now, we convert the 7.9 APR to a monthly rate. The result is a 0.6% monthly rate.
Finally, we plug the amounts into the formula, and solve:
75,500 = A (1 - (1 + 0.006)^-72) / 0.006
75,500 = A (58.3)
75,500 / 58.3 = A
1,295.03 = A
Thus, the monthly payments of the car loan will be $1,295.03 each month.
