Answer:
d) price per unit times quantity sold
Explanation:
Total revenue refers to the total receipts generated by a firm at a given level of output sold. It is represented by:
TR = P × Q
wherein, TR = Total Revenue
P= Price per unit
Q= Units or Quantity sold
Marginal revenue refers to the addition to total revenue when an additional unit is sold.
It is expressed as;
Answer:
1. C. To increase total invested capital
2. B. 98%
Explanation:
(1). An organization monitors its inventory to ensure it has enough quantity of raw materials, so the production process is not disrupted.
Also when an organization purchases inventory in bulk, it gets a discount on the purchase price.
An organization also manages its inventory to ensure it has a range of goods available in anticipation of customers' demands.
<u>Inventory does NOT increase the total amount of capital invested.</u>
(2). Probability (risk) of stockout = 2% = 0.02
Service level = 1 - stockout risk
Service level = 1 - 0.02 = 0.98 = 98%
Answer:
$36 billion
Explanation:
The formula to compute the GDP under the income approach is shown below:
GDP = Interest payments + profits + rent + wages
$65 billion = $15 billion + $7 billion + $7 billion + wages
$65 billion = $29 billion + wages
So, the wages equal to
= $65 billion - $29 billion
= $36 billion
The net exports or exports less imports values are ignored under the income approach as this are used under the expenditure approach
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
The thing that happens when a bank is required to hold more money in reserve is It has less money for loans.
<h3>What happens when reserve requirements are increased?</h3>
Banks are known to often hold a lot of reserves if reserve requirements are increased.
This is because it is one that they can be able to use if they want to loan out less of each dollar that is said to be deposited. By raising the the reserve ratio, and also lowers the money multiplier, and lowering the money supply.
Therefore, The thing that happens when a bank is required to hold more money in reserve is It has less money for loans.
Learn more about reserve from
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