d. strategic plan
A strategic plan is an evolving set of goals around how a company will meet customer needs and deal with competition and external factors.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
The variable costs are $4.50 per unit. London Plastics sell 15,000 units.
To calculate the total variable costs we need to use the following formula:
Total variable cost= unitary variable cost* total amount of units
Total variable cost= 4.5*15,000= $67,500
ANSWER
C. DIMINISHING Returns to property/ scale
EXPLANATION
Returns to Scale is a production concept used in Long Run (when all factors are variable i.e changeable)
It denotes relative change in output when all inputs change in same proportion .
Increasing Returns to Scale : Proportionate Increase in Output > Proportionate Increase in all inputs .
Constant Returns to Scale : Proportionate Increase in Output = Proportionate Increase in all Inputs .
Negative Returns to Scale : Proportionate Increase in Output < Proportionate Increase in all Inputs .
So : If all inputs are doubled (X2) - If output increases equal i.e double (X2) , Constant Returns to Scale . If output increases more i.e triple (X3) , Increasing Returns to scale . If output increases less i.e (1.5X) , Decreasing Returns to Scale.
Answer:
represents the sum of the quantities demanded by all the buyers at each price of the good.
Explanation:
The market demand curve is the total of all the individual demand curves in the market as mentioned. It depicts the quantity demanded with respect to the different prices
And in this the quantity demanded and the price of a product has an inverse relationship between each other
Therefore the last option is correct
B. false because if its destroyed or lost and you have no proof of owning it then your ownership is not part of that company
