The average total cost per slab of Mr. D’s Barbeque is $7.Explanation:Mr. D’s Barbeque produces 10,000 dry-rubbed rib slabs per year. Its fixed costs are $50,000. The average variable cost per slab is a constant $2. Answer (c) is correct.
Let's calculate the average total cost of producing one slab of dry-rubbed rib using the given information: Average Total Cost (ATC) = Total Cost / Quantity Total Cost = Fixed Cost + Variable Cost Variable cost per slab = $2Fixed Cost = $50,000Quantity = 10,000 rib slabs ATC = (Fixed Cost + Variable Cost) / Quantity ATC = ($50,000 + $2) / 10,000 rib slabs ATC = $50,002 / 10,000 rib slabs ATC = $5.00Hence, the average total cost per slab of Mr. D’s Barbeque is $5. Answer (c) is correct. The other options are incorrect because:$7 (option a) - Average total cost is not equal to the sum of fixed and variable costs.
Also, the given fixed and variable costs do not support this answer. $2 (option b) - This is the given variable cost per slab, not the average total cost per slab. impossible to determine (option d) - The average total cost can be determined as shown above.
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A property management agreement typically includes a:
A property management agreement typically includes the following terms:
1. Duration of the agreement: This specifies the length of time the agreement is valid, such as one year or month-to-month.
2. Responsibilities of the property manager: This outlines the duties and obligations of the property manager, such as finding tenants, collecting rent, and handling maintenance requests.
3. Compensation and fees: This section details how the property manager will be paid, including any management fees or commission on rent collected.
4. Termination clause: This states the conditions under which either party can terminate the agreement, such as breach of contract or non-payment of fees.
5. Maintenance and repairs: This section clarifies who is responsible for maintaining and repairing the property, including routine upkeep and emergency repairs.
6. Tenant-related matters: This covers topics such as tenant screening, lease agreements, and eviction procedures.
7. Insurance requirements: This specifies the types and amounts of insurance coverage that the property manager must maintain.
8. Dispute resolution: This outlines the process for resolving any disputes that may arise between the property manager and the property owner.
It's important to note that the specific terms included in a property management agreement may vary depending on the agreement's scope and the needs of the property owner.
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Which of the following is the feature of monopolistic competition? a. High barriers to entry/exit b. Price taker c. Product differentiation d. A small number of firms
The following is the feature of monopolistic competition Option c. Product differentiation.
Monopolistic competition is a market structure characterized by a large number of firms that produce differentiated products. Each firm has some control over the price of its product due to product differentiation, but it faces competition from other firms producing similar but not identical products. In this market structure, firms have limited market power and face downward-sloping demand curves.
Product differentiation is a key feature of monopolistic competition. It refers to the process of distinguishing a firm's product from those of its competitors through various means such as branding, packaging, design, quality, and marketing. By creating a perceived difference in their products, firms aim to attract customers and develop a loyal customer base.
Product differentiation allows firms in monopolistic competition to have some control over the price of their products. Unlike perfect competition where firms are price takers, in monopolistic competition, firms can charge slightly higher prices based on the unique features and perceived value of their products. However, firms still face competition from other firms offering similar products, which limits their ability to set prices significantly above their competitors.
The other options are a. High barriers to entry/exit, b. Price taker, and d. A small number of firms are features associated with other market structures. Monopolistic competition is characterized by low barriers to entry and exit, meaning new firms can enter the market relatively easily. It also involves a large number of firms operating in the market rather than a small number of dominant firms.
In summary, product differentiation is a distinguishing feature of monopolistic competition, allowing firms to differentiate their products and have some degree of control over pricing while facing competition from similar products offered by other firms. Therefore, the correct option is C.
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Ralph is a purchase manager in a manufacturing business. He is about to buy raw materials to manufacture a new product. To begin, he thinks he must first consider the target market. What can Ralph do to carry out this task?
A. Visit trade shows and network with other producers
B. Refer to trade magazines and begin meeting up with top notch suppliers
C. Produce a small quantity, sell it, and assess the reactions of customers
D. Explore the demographics, such as age and locations, of his potential customers.
Answer:
d
Explanation:
took it
Answer:
D
Explanation:
correct on plato
Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. What is Keisha’s net worth?
$88,700
$91,700
$292,700
$496,700
Answer:
$88,700
Explanation:
Given:
Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.
She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.
Hence, The net worth of Keisha is $88,700
Answer:
Answer:
$88,700
Explanation:
Given:
Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.
She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.
Hence, The net worth of Keisha is $88,700
Explanation:
with the aid of industry and individual producer graphs explain how the long run equilibrium in perfect market will be achieved when an economic loss was made in the short run
In a perfectly competitive market, the long-run equilibrium is achieved through the process of entry and exit of firms. When an economic loss is incurred by individual producers in the short run, it signals an imbalance between the market price and the average total cost of production.
When individual producers experience economic losses, some firms will choose to exit the market in the long run. This exit occurs because firms are unable to cover their costs and generate profits. As a result, the supply in the market decreases, shifting the supply curve to the left. The reduction in supply leads to a decrease in the quantity of goods or services available in the market, which in turn puts upward pressure on prices.
As prices rise, the remaining producers who were able to operate at a lower cost may start to earn economic profits. This attracts new firms to enter the market, anticipating the opportunity to make profits. The entry of new firms increases the supply in the market, shifting the supply curve to the right.
The increased supply eventually leads to a decrease in prices, as competition intensifies among producers. This process continues until a long-run equilibrium is reached, where the market price equals the average total cost of production for each firm.
Graphically, this adjustment is represented by the shifting of the supply curve to the left in the short run due to firm exits, followed by a subsequent shift to the right in the long run due to new firm entries. The new long-run equilibrium occurs at the intersection of the demand and supply curves, where price equals average total cost, ensuring that firms earn zero economic profit.
Overall, the long-run equilibrium in a perfect market is achieved through the exit and entry of firms in response to economic losses or profits, respectively, leading to price adjustments and the restoration of equilibrium.
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__ denotes the dollar amount a consumer would attach to a good or service. a. economic contribution b. utility c. consumer surplus d. value
The term that denotes the dollar amount a consumer would attach to a good or service is called "value". The Option d. Value denotes the dollar amount a consumer would attach to a good or service.
Value refers to the importance, worth, or usefulness of a good or service. When customers exchange money for a product or service, the money represents the value of the product to the buyer, but it also represents the value of the money to the seller. The value is assigned by the consumer or the buyer of a product or service, it differs from person to person as the value of the product is subjective. The price, on the other hand, refers to the number of monetary units (dollars, euros, pesos, etc.) that the producer receives for each unit of the product sold.
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Fast fine foods markets some of its products to consumers looking for simple quick meals. Fast find foots also offer another line of products targeted to to people interested in low-fat, high nutrition foods. The companies strategy of dividing the market into groups that want similar things from the products they buy is an example of
Answer: Market segmentation
Explanation:
Market segmentation is when a market is being divided based on the customers needs. Customers with similar characteristics or needs are grouped together.
Market segmentation helps a business in reaching customers with similarbjeeds quicker and this leads to improvement in satisfaction and customer relationships. This is the method used by Fast fine foods.
stories in organizations that convey the values, style, and history of an organization are called
Stories in organizations that convey the values, style, and history of an organization are called organizational stories.
Organizational stories are narratives that are passed down through generations of employees and stakeholders to convey the identity and culture of the organization. These stories often contain symbols, myths, and legends that represent the values, beliefs, and practices of the organization. By sharing these stories, organizations are able to preserve their heritage and shape the attitudes and behaviors of their members. Organizational stories can also be used to inspire and motivate employees, build relationships with customers, and create a sense of community within the organization.
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which fire department-related facility stores items needed on a daily basis by the fire stations and offices, houses nonmotorized equipment, and repairs hose?
Warehouse/central stores. An institution that offers services for fire prevention and suppression is known as a fire department or fire brigade, often referred to as a fire authority, fire and rescue, or fire service in some places.
Fire departments are a component of the community. In the United States, there are over 31,000 municipal fire departments and over a million firemen, of whom about 750,000 work as volunteers. Small, rural villages with less than 5,000 persons are protected by more than half of firemen, and many places depend on volunteer departments with limited funding. The development of mutual aid agreements to share resources is one of the greatest approaches for these places, which are outside of big urban centres. This strategy enhances readiness for and reaction to fires and other catastrophes.
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The personal needs, the culture, and the family of an individual influence his or her ethical choices.
Answer:
True
Explanation:
Ethical choices of an individua are an outcome of the social, cultural and regional exposure of the individual. Some part of the behavior and thoughts of an individual are sharped according of the ethnicity and culture. The values are enhanced and they are formed as a result of the choices made by the individual and the community. The result of the behavior, attitudes, choices and preferences of the individua are the outcome of the values formed by the person. Ethical choices are made upon the level of ethnic intensity.
Benson, incorporated manufactures a single product and uses the plantwide overhead rate method. the company's plantwide overhead rate is $25 per machine-hour (mh) used. their single product uses 10,000 mh, has direct material cost per unit of $10.96 and direct labor cost of $3.84 per unit. the total overhead cost is expected to be:
Benson Inc. employs the plantwide overhead rate technique and produces a single product. A total of $250,000 is anticipated for overhead expenses.
The sum of a company's indirect operating expenses is known as its total overhead costs. These expenses are required for the operation of the business even if they are not directly connected to the creation of a particular item or service. Rent, utilities, insurance, administrative salaries, and office supplies are a few examples of overhead expenses.
Total overhead cost = Predetermined overhead cost × Actual machine hours used
= $25 × 10,000
= $250,000
The direct materials and direct labor per unit will be used to compute the overall production cost per unit.
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How do the elements of the marketing mix work together to help create a
marketing strategy?
Answer:
The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.
Explanation:
True or false: Good intuition is just as important as good research. NEED ANSWERS FAST
Answer:
True
Explanation:
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Activity
Lydia is a senior in high school. She works 20 hours a week at a popular clothing store. She is trying to save as much
money as possible for her college tuition. However, she has to buy a dress for prom, pay her car insurance, and get a
birthday gift for her sister. This week she received a $400 paycheck. She wants to deposit the entire check in her
savings account for her college tuition, but she stops herself. She decides instead to put $100 in the bank, spend $200
for her prom dress, pay $80 for her car insurance, and buy her little sister a $20 birthday gift. While shopping, she
sees a doll worth $21, which she thinks her sister will absolutely love. As a result, she decided to buy the more
expensive doll and spend less on her dress.
Did Lydia make an all-or-nothing or a marginal decision while spending her money?
Answer:
marginal decision
Explanation:
Marginal decision involves spending a little more or a little less than what has already been planned for based on the benefit to be gotten. If the marginal benefit exceeds the marginal cost, then the choice is a good choice. Marginal decision are made by using marginal analysis, that is comparing the cost and benefits of spending a little more or a little less.
In this scenario, she spends $1 more to buy her sister a doll because she thinks her sister would love it. The marginal cost in this case is $1. As a result on spending more on the gift, she spends less on her dress.
For each lease below identify whether the short-term lease recognition exemption would be available. Fill in the columns by dragging and dropping the options from below, and then select Submit.
Here is the analysis of whether the short-term lease recognition exemption would be available for each lease:
How to explain the leaseLease 1: Lease term: 11 months
Option to purchase: No
The short-term lease recognition exemption would be available for this lease because the lease term is 12 months or less and there is no option to purchase the underlying asset.
Lease 2:Lease term: 10 months
Option to purchase: Yes, but the lessee is not reasonably certain to exercise the option.
The short-term lease recognition exemption would be available for this lease because the lease term is 12 months or less and the lessee is not reasonably certain to exercise the option to purchase the underlying asset.
Lease 3: Lease term: 11 months
Option to purchase: Yes, and the lessee is reasonably certain to exercise the option.
The short-term lease recognition exemption would not be available for this lease because the lease term is 12 months or less, but the lessee is reasonably certain to exercise the option to purchase the underlying asset.
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what is IAAS define?
with example.
Answer:
IAAS is a cloud computing service model by means of which computing resources are hosted in a public, private or hybrid cloud.
Explanation:
The full form of IAAS is Infrastructure As A Service.
Answer:
AAS is a cloud computing service model by means of which computing resources are hosted in a public, private or hybrid cloud.
Explanation:
chose 10 items to take to a deserted island remember you need shelter there is food on the island and you also may need a fire source........yw have fun
Answer:
a big tent. my friends. a hamic. wepons. a boat. my phone. portabal charger. and my parents
Explanation
Answer:
Box of Matches
Tent
Canteen
Knife
Blanket
Pot
Bug Spray
Cloths
Flashlight
Journal w/ pencil
Explanation:
These are neccasary for survival !
What is the total annual dividend received from owning 100 shares of stock A, if Company A issues a $0.15 quarterly dividend to its shareholders?
Answer:
$60/year
Explanation:
If Company A issues a $0.15 quarterly dividend to its shareholders, then the annual dividend per share would be:
$0.15/quarter x 4 quarters/year = $0.60/year
To find the total annual dividend received from owning 100 shares of stock A, we can multiply the annual dividend per share by the number of shares:
$0.60/year x 100 shares = $60/year
Therefore, owning 100 shares of stock A would result in a total annual dividend of $60.
required: 1. what is the contribution margin per unit?
Therefore, the contribution margin per unit in this case would be $25.
To calculate the contribution margin per unit, you need to subtract the variable costs per unit from the selling price per unit.
The contribution margin per unit is the amount of revenue that is available to cover fixed costs and contribute to profits after accounting for all variable costs associated with producing and selling a unit of a product or service.
The formula for calculating contribution margin per unit is:
Contribution Margin per Unit = Selling Price per Unit - Variable Cost per Unit
For example, if a product sells for $50 per unit and has variable costs of $25 per unit, the contribution margin per unit would be:
Contribution Margin per Unit = $50 - $25 = $25
The contribution margin per unit in this case would be $25.
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Jack offers to sell Jill his automobile for $10,000. Jill says she must think about but that she is not rejecting his offer. Jill goes home that day and comes to the realization that $10,000 is a great deal. She sends Jack a letter of acceptance by mail at 4pm by placing it in the drop box at the post office. Jill did not know that Jack had sent her a revocation letter at 3:30 from a different post office. The letter of revocation is scheduled for delivery the next day at 10am. What result
Answer:
The sale of the car is canceled
Explanation:
For two reasons I think this. Jack had already sent out a letter to jill stating that the car is no longer for sale. As the current owner of the vechile he has the right at any point in time to draw out of the deal up till the actual signing over of the car.
the price elasticity of demand for a particular brand of raisin bran is, in absolute value,a. larger than the price elasticity of demand for all breakfast cereals.b. the same as the price elasticity of demand for all breakfast cereals.c. smaller than the price elasticity of demand for all types of breakfast cereals.d. neither larger nor smaller than the price elasticity of demand for any other type of cereal.
The price elasticity of demand for a particular brand of raisin bran is larger than the price elasticity of demand for all breakfast cereals.
Price elasticity of demand measures the responsiveness of the quantity demanded of a product to a change in its price. If the absolute value of the price elasticity of demand is greater than 1, it indicates that the demand for the product is elastic, i.e., a small change in price leads to a larger change in quantity demanded. On the other hand, if the absolute value is less than 1, it indicates that the demand for the product is inelastic, i.e., a change in price leads to a proportionally smaller change in quantity demanded.
Given that we are comparing the price elasticity of demand for a particular brand of raisin bran with that of all breakfast cereals, we need to consider the factors that affect the demand for this brand in particular. Factors such as taste, packaging, availability, and brand loyalty can influence the demand for a particular brand, which can differ from the demand for the entire category of breakfast cereals.
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lon 4 of 20
What is profit?
A. Money remaining when all expenses except salaries, rent, and
taxes have been paid.
B. Money lost after all other business expenses, including salaries,
rent, and taxes have been paid.
C. Money invested after all business expenses, including salaries,
rent and taxes have been paid.
D. Money remaining when all other business expenses, including
salaries, rent, and taxes, have been paid.
SU
Why are positive customer relations important?
Answer:
So the consumers knows they have a positive review on buying something from you and they will most likely come back to buy more
Most consumers view specialty goods as having a variety of acceptable substitutes.
a. True
b. False
The given statement "Most consumers view specialty goods as having a variety of acceptable substitutes." is false. Specialty goods are unique and differentiated products that are not easily found elsewhere.
They are often associated with high quality, exclusivity, and a premium price point. Consumers who seek out specialty goods are often looking for something specific and are willing to pay a premium for it. In this context, substitutes may not be considered acceptable as they do not meet the same level of quality or exclusivity. Consumers who are looking for substitutes are typically more price-sensitive and may not value the unique features of specialty goods. Therefore, it is important for businesses that offer specialty goods to understand their target audience and position their products accordingly to meet the specific needs and wants of their customers.
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What do you think are the most important components of budgeting? Why?
Answer:
I would have to say figuring out ur cash flow where its going after u earn it and making sure u keep track of ur savings
Explanation:
Which term best completes the outline?
?
economy
Economic freedom
Competition between businesses
Decisions motivated by profit
O A. Traditional
B. Mixed
C. Market
D. Command
Answer:
C. Market.
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.
Basically, there are four (4) main types of economy and these are;
I. Mixed economy.
II. Command economy.
III. Traditional economy.
IV. Free market economy.
A free-enterprise system also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise system is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.
Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.
The four (4) main elements or characteristics of a free enterprise system includes the following;
a. Profit: businesses are all out to generate revenue and profit through the sales of finished goods.
b. Economic freedom: means of production of goods and services are controlled by the people rather than the government. Thus, the producers are free to make their economic choices or decisions such as deciding on how much is to be charged on a product.
c. Private ownership of properties: the various factors of production are owned and allocated by the people. Thus, citizens have rights to the ownership and use of private property.
d. Competition: there are many buyers and sellers of homogeneous products, as well as free entry and exit in the market. Thus, consumers are free to make their economic choices or decisions such as deciding on which product to buy, which goods interest them, where to shop for goods, etc.
In conclusion, a market is characterized by the following economy;
I. Economic freedom
II. Competition between businesses
III. Decisions motivated by profit
is command
Explanation:
trust me
Amir is working on making paper snowakes to decorate his room. He has timed himself and noticed that he takes 5 minutes to make each snowake. If he has an hour and a half before bedtime, how many snowakes will he be able to make?
Based on the time taken to make one snowflake, the number of snowflakes that Amir can make in an hour and half is 18 snowflakes.
How many snowflakes can Amir make?First convert the hours to minutes:
= 1 hour 30 minutes
= 1 + 30/60
= 1.5 hours x 60 minutes in an hour
= 90 minutes
Each snowflake takes 5 minutes to make:
= 90 / 5
= 18 snowflakes
In conclusion, Amir will have made 18 snowflakes.
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Which of the following is not a fixed cost? *
O monthly gym membership
car payment
O rent
O vacation/recreation/fun expenses
12. Does a subsistence economic system involve nearly total self-sufficiency on the part of its members Yes or No? 13. Is the process of mining a primary economic activity (remember that film on the gold mine in South Africa)? Yes or No.
Yes, a subsistence economic system typically involves nearly to its total self-sufficiency on the part of its members.
Yes, process of mining is considered a primary economic activity as it involves resources , physical labour , machinery and making it primary sector.
In a subsistence economy, individuals or communities primarily produce or obtain the goods .
And services they need for survival directly from their immediate environment.
They rely on their own resources, such as agriculture, hunting, fishing, or gathering, to meet their basic needs,
and they have limited reliance on external trade or markets.
Primary economic activities involve the extraction or harvesting of natural resources directly from the earth or the environment.
Mining, which involves extracting minerals, ores, or precious metals from the ground, is a prime example of a primary economic activity.
It typically involves significant physical labor, machinery, and infrastructure to extract and process the resources, making it a primary sector of economic activity.
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In the ______________, households receive goods and services and pay firms for them.
1. labor market
2. financial capital market
3. goods and services market
4. savings market
In the goods and services market, households receive goods and services and pay firms for them.
What is the definition of a goods market?All the purchasing and selling of products and services is referred to as the "goods market." By "money market," we refer to the relationship between the supply and demand for money as determined by the Federal Reserve through the banking system (i.e., the size of the money stock).Examples of goods are automobiles, appliances, and clothing. Examples of services are legal advice, house cleaning, and consulting services.In the goods and services market, households receive goods and services and pay firms for them.
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