Answer:
The importance maxim just serves to make the business look good
.
Explanation:
- Throughout recent years, the once common image of ethics as individualistic, unchangeable and impervious to corporate pressures did not stand up to inspection.
- The stories of many Companies demonstrate the position that companies play in influencing the actions of people and that even sound moral fiber will crumble when too lean.
- Once presenting an enforcement program, administrators will speak of mutual trust, but staff often see a message from on high.
Answer:
sorry but I can't understand this question
Profit will be maximum for the firm where marginal revenue = marginal cost.
Since, the market price is fixed at $8 and therefore each additional unit of camera will be sold at $8.
Hence, marginal revenue = $8.
From the table, it is clear that cameras are manufactured in batches of 100.
Marginal cost is the cost incurred to produce one additional unit of camera. It will be calculated by taking the difference of successive variable costs (or total costs) divided by 100.
To produce 400th unit, marginal cost = (2760 - 1960)/100 = $8
Hence, profit maximising quantity isB. 400 (MR = MC)
Their income would decrease by $14,000 per month if the change was made.
First, let's see what the income is right now before changing the sales price.
8000 * 50 - 8000 * 32 - 108000
= 400000 - 256000 - 108000
= 36000
Now let's calculate a new sales price and sales quantity
10% less cost = (1.00 - 0.10)*50 = 0.90*50 = 45
25% more sales = (1.00 + 0.25) * 8000 = 1.25 * 8000 = 10000
Now let's see the projected profits.
10000 * 45 - 10000 * 32 - 108000
= 450000 - 320000 - 108000
= 22000
And the difference in net income...
22000 - 36000 = -14000
Ouch. Not a good idea. They would make $14,000 less after changing their price.
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