Answer:
the operating margin is 5.4%
Explanation:
The computation of the operating margin is shown below:
As we know that
Operating Margin = Operating Income ÷ Sales
= $31.3 ÷ $578.3
= 5.4%
Hence, the operating margin is 5.4%
It could be determined by dividing the operating income from the sales
Answer:
A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.
Explanation:
Short run decision affects variable factor only. Adding a new facility is a long run decision. Hence a firm's decision to decrease the amount of electricity used in day-to-day operations by encouraging employees to adopt conservation strategies is a short run decision.
Hence, the correct answer would be:
A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.
If price changes by a larger percentage than quantity demanded (i.e., if demand is price inelastic), total revenue will move in the direction of the price change. ... Demand is unit price elastic, and total revenue remains unchanged. Quantity demanded falls by the same percentage by which price increases.
