Answer:
The firm will need additional revenue of $90,000 to earn normal profit(zero economic profit)
Explanation:
Normal profit equals zero economic profit or when total revenue equals
the addition of explicit cost and Implicit cost. Implicit cost is the opportunity cost.
Explicit cost = $200,000 + $75,000 + $30,000 + $20,000 + $35,000
=$360,000
Implicit cost is $90,000
Total revenue is $360,000
Normal profit = $360,000 - ($360,000 + $90,000)
$360,000 - $450,000
-$90,000.
This means the firm will need additional revenue of $90,000 to earn normal profit(zero economic profit)
Answer:
"B"
Explanation:
Monolithic organization is an organization that forcefully incorporate all employees into a particular culture being practiced. It can be a very large organization but lack flexibility and its rate of reaction to changes can be very slow.
Its operational system are complicated as resources can be scarce. It believes it can influence employees' motivation, customers, the market and any other complex system.
This description fits into the situation at Teddy's place of work
Answer:
The answer is: A) Autocratic
Explanation:
Autocratic leadership style, also known as authoritarian leadership, is characterized by heavy control by the group's leader. The leader makes all the decisions and doesn't value the subordinates' contributions. Autocratic leaders make decisions based on their ideas and personal judgement, not the others'.
