Answer:
The firm should shut down the production.
Explanation:
The given marginal costs = $25
Fixed cost of the production = $5000
The price of producing the 50 units of meals = $10
The new price of the meal when demand goes up = $20
Since it can be seen that the price of the meal is lower than the average cost or even it is less than the marginal cost. So, when the prices are lower than average cost then a firm should shut down the production because after shutting down the production the loss will be equal to the fixed cost only.
So, the firm should shut down the production.
Answer:
False
Explanation:
Most interest rates in the economy are not set by federal reserve. For example, banks decide what interests to pay different kind of deposits and charge loans of different risks on their own (with consideration for competition and profitability).
What the Fed does is set important rates (discount rate and funds rate) that influence other interest rates in the economy.
The amount of dollars that it would cost to buy an edinburgh sweaters if the exchange rate is 1.50 dollars per one british pound is: $75.
<h3>Dollar amount to buy an buy an edinburgh woolen mill </h3>
Using this formula
Dollar amount=Cost of woolen mill sweater×Exchange rate
Where:
Cost of woolen mill sweater=50 pounds
Exchange rate=1.50 dollars
Let plug in the formula
Dollar amount=50×$1.50
Dollar amount=$75
Inconclusion the amount of dollars that it would cost to buy an edinburgh woolen mill sweater is $75.
Learn more about dollar amount here:brainly.com/question/961857
Answer:
TRUE
Explanation:
Strategic planning is an essential tool for any company, regardless of its size or area of activity, through it the company identifies what its objectives and goals are for a period of time and develops action plans to achieve them. Through strategic planning, the company also seeks to identify its mission, vision, values, policies and procedures that will assist it in reaching its goals.
To be effective, it must be aligned with the organizational identity, be properly implemented and monitored.