Answer and Explanation:
profit will increase to zero
.
Currently the firm is incurring loss as price is less than ATC. In the long run firms will exit.
Answer:
b) 5
Explanation:
W TP MP MRP
1 100
2 190 90 900
3 270 80 800
4 340 70 700
5 400 60 600
6 450 50 500
7 490 40 400
8 520 30 300
the marginal product of n labor = (total product of n labor - the total product of p labor)/(n-p)............(n>p)
Marginal revenue product = marginal product*price
the firm employ input up to marginal revenue product equal to the wage
MRP = wage or closest lower wage
where W = 5
the firm will higher 5 workers.
Answer:
D. Product and Promotion
Explanation:
Product strategies are strategies to outlines the direction of a product, how it will get there and how it will succeed. They are strategies used in improving products.
By changing the product packaging, the company modified its product strategy.
Promotion strategies are strategies used in promoting or stimulating demand for a company's goods and services. They are designed in a way to mostly inform and persuade the public about purchasing their products and services. By developing a contest geared towards 12 to 17 year olds, the company modified its promotion strategies.
Quick ratio = 1.30 (Option C)
<u>Explanation:</u>
Quick ratio or acid test ratio is calculated as follows:
(Cash plus marketable securities plus accounts receivable ) divide by total current liabilities
In our question, we have been given with the data:
Cash = 45 million
Marketable securities = 33 million, accounts receivable = 66 million, total current laibailities = 111 million
So, let us now put the given values in the above stated formula:
Quick ratio = ( 45 plus 33 plus 66) divide by 111
After calculating we get, 1.30
Therefore, the quick ratio is 1.30
Answer:
Employees,Governments,Local communities,customer
