Answer:
Depending on how many stages you like to go by here are the phases
<u>6 Stages:</u>
1. Development
2. Introduction
3. Growth
4. Maturity
5. Saturation
6. Decline
<u>4 Stages:</u>
1. Development/Introduction
2. Growth
3. Maturity
4. Decline
Explanation:
Check the Attached Image!
Answer:
$3 per unit
Explanation:
In short run a monopolist and competitive firm try to maximize their profit and minimize costs until the the marginal revenue equals to the marginal cost.
In this question the average variable cost is lower than the marginal cost the difference between both is the profit for the short run.
Economic profit = Cost saving
Economic profit = Marginal Cost - Average variable cost
Economic profit = $8 - $5
Economic profit = $3
Answer:.The study of international business has more relevance to the individual than its accruing benefits to the company
Explanation: It must concisely be understood that, no worker is being paid just for working, but for the marginal productive he or she is adding to the company. Marginal productivity is therefore not a function of physical hard work but mental contribution to production processes which culminates in optimum productivity. It therefore stands to reason that, your knowledge and skills acquired through this study might be a catalyst to improve and boost your performance in the small firms or local industry you might be privileged to be engaged. Your knowledge of international dealings might also be a catalyst to branding the small firm with a competitive edge over its contemporaries.
Answer:
Average fixed cost= $1.43
Explanation:
Giving the following information:
Production costs:
Rent= $5,000
Direct labor= $2,500
Direct material= $5,000
Usually, the direct labor cost is variable. In some conditions, it is a fixed cost. <u>We will consider it as a variable cost.</u>
Total fixed cost= 5,000
Average fixed cost= 5,000/3,500
Average fixed cost= $1.43
Answer:
Date Account Titles and Explanation Debit Credit
Salaries Wages expense $22,000
Cash $16,307
Withholding taxes payable (2940+840) $3,780
FICA taxes payable $1,683
Insurance premiums payable $230
(To record Swifty’s payroll)
