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2 years ago

7

"When ClubCorp had an attrition problem, they hired a market research company to get to the bottom of things. What two things di

d they discover were most important to members if they were to remain members?"

1 answer:

lara [203]2 years ago

5 0

Cost of Membership
benefits of membership

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Which statement best summarizes the role of businesses in the flow of

Tems11 [23]

Answer: D

Explanation:

apex

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2 years ago

Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As a consultant,

Naddika [18.5K]

Answer:

$380

Explanation:

Ziva's total cost of farming is composed of two different costs: explicit and implicit costs.

Explicit cost is an out-of-pocket cost that a person incurs to carry out a particular business activity. It is sort of, a business-related expense for which the business pays. In Ziva's case, it is $130, the cost of the seeds

Implicit costs are opportunity costs. An opportunity cost refers the benefits an individual, investor or business misses out on when opting for one alternative in preference of another. In our case, it amounts to $250($25*10 hours)

Thus, Ziva's cost of farming

= $130 +( $25*10) = $130 +$250 = $380

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2 years ago

Use the cost and revenue data to answer the questions. Quantity Price Total revenue Total cost 10 90 900 675 15 80 1200 825 20 7

azamat

Answer:

Check the explanation

Explanation:

Marginal revenue is the revenue earned by selling an additional unit of output. Marginal Revenue for fifteenth unit of output is calculated as below.

Marginal Revenue= $\frac{ATR}{AQ}$ = $\frac{1200 - 900}{15 -10} = 60$

Marginal Cost is the additional cost incurred on producing additional unit of output. Marginal Cost for fifteenth unit is calculated as below.

Marginal Cost= $\frac{ATC}{ AQ} =\frac{825-675}{15-10} =30$

The marginal revenue when the quantity is 25 is

The marginal Cost when the quantity is 15 is

The marginal profit of a monopoly is 0 when the marginal profit is equal to the marginal cost. The monopoly produces at an output where the marginal profit is equal to zero.

Thus, the output produced by the monopoly is

The corresponding price set is at $70.

120 units

A perfectly competitive market produces an output where the marginal cost is equal to

the average revenue. Thus a competitive firm produces

The corresponding price is set at $50.

130 units)

The monopoly price $70 is higher than the competitive firm's price $50.

Hence, the correct option is

7 0

2 years ago

Diehl Cleaners has the following balance sheet items. Classify each item as an asset, liability, or owner’s equity. Accounts pay

Strike441 [17]

Answer:

Assets : Cash, Accounts receivable, Equipment

Liabilities : Salaries and wages payable, Accounts payable, Notes payable

Owners Equity : Owner’s capital

Explanation:

Assets are valuable things owned by a business, to which firm's present or future monetary economic benefit can be entitled.

Cash , Account receivables (from debtors who owe money to us) , Equipments are all beneficial ownerships and hence are Assets.

Liabilities are financial burden of the business, the amount business owes to others.

Salaries and wages payable, Accounts payable (from creditors to whom we owe money), Notes payable are all financial obligations to be fulfilled by business - so are liabilities of business.

Owners Equity are the assets of business which have been bought in by the Entrepreneur as 'Capital' in the firm.

4 0

3 years ago

This is section 3.7 problem 60: a clothing manufacturer has the cost function c(x)=1200+30x+0.5x2 , (in dollars), 0≤ x≤ 250 , wh

viktelen [127]

Answer:

90 suits per week must be produced and sold to achieve the maximum profit of $2,850.

Explanation:

The profit function is given by the revenue function minus the cost function:

$P(x) = R(x) - C(x)\\P(x)=120x -1200-30x-0.5x^2$

The number of suits, x, for which the derivate of the profit funtion is zero, is the production volume that maximizes profit:

$P'(x)=0=120-30-x\\x=90\ suits$

The profit generated by producing 90 suits is:

$P(90)=120*90 -1200-30*90-0.5*90^2\\P(90) = \$2,850$

Therefore, 90 suits per week must be produced and sold to achieve the maximum profit of $2,850.

5 0

2 years ago