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Ratling [72]
3 years ago
9

The degree to which complete information is available best describes:

Business
1 answer:
Delvig [45]3 years ago
7 0
<span>Price transparency. This best describes the amount of truth or transparency about something. Complete information doesn't necessary represent somebody's understanding of something, but rather describes if all parts of said information were present to seen, heard, felt..etc.</span>
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Trout farming is a perfectly competitive industry and all trout farms have the same cost curves.
Diano4ka-milaya [45]

Answer:

(i) The farm can cover its revenue using its total variable cost, therefore the farm will continue producing 200 units

(ii)  The farm cannot cover its revenue using its total variable cost, therefore the farm will shut down

(iii)  The two relevant points on supply curve will be: (Price = $12 & Quantity = 0) and (Price = $25 & Quantity = 200)

Explanation:

(i)According to given data,  When output is 200 but price is $20, this price is equal to ATC, so the farm breaks even. But since this price is higher than AVC of $15, the farm can cover its revenue using its total variable cost, therefore the farm will continue producing 200 units.

(ii) When output is 200 but price is $12, this price is equal to ATC, so the farm makes economic loss. Also, this price is lower than AVC of $15, so the farm cannot cover its revenue using its total variable cost, therefore the farm will shut down.

(iii) The farm's supply curve is the portion of its Marginal cost (MC) curve above the minimum point of AVC. Since price equals MC, the two relevant points on supply curve will be: (Price = $12 & Quantity = 0) and (Price = $25 & Quantity = 200).

4 0
3 years ago
Moates Corporation has provided the following data concerning an investment project that it is considering:
Vlad1618 [11]

Answer:

$144,128

Explanation:

The net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

Cash flow in year 0 = $-250,000

Cash flow each year from year 1 to 4 = $119,000

I = 8%

NPV = $144,143

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

5 0
3 years ago
Which of the following is a true statement about a marketing plan?
4vir4ik [10]
The right answer for the question that is being asked and shown above is that: " Changes to the marketing plan are acceptable, but only in the earliest stage." Marketing plans <span>are business activities involved in accomplishing specific </span>marketing<span> objectives within a set time frame.</span>
8 0
3 years ago
Flesch Corporation produces and sells two products. In the most recent month, Product C90B had sales of $37,000 and variable exp
andre [41]

Answer:

The BEP will decrease, which is good.

The reason is that C90B has a better profit margin than Y45E so if the sales shift toward C90B the Contribution mix margin ratio will be higher and it will be easy to pay fixed cost and make a gain

Explanation:

C90B

sales  37,000

variable expenses 9,250

contribution margin 27,750

CM 0.75

Y45E

sales 29,700

variable expenses 16,335

contribution 13,365

CM 0.45

7 0
3 years ago
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.6, and a typical gasoli
kodGreya [7K]

Answer:

-1.5

Explanation:

Given the following :

Rothschild index = 0.6

Elasticity of demand for total market = - 0.9

Annual sale = $1,450,000

Elasticity of demand for a representative retailer's product :

Using the Rothschild demand Elasticity relation:

Rothschild index = (Elasticity of demand for total market / Elasticity of demand for a representative retailer's product

0.6 = - 0.9 / Elasticity of demand for a representative retailer's product

Elasticity of demand for a representative retailer's product = - 0.9 / 0.6

= - 1.5

4 0
3 years ago
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