Solution:
Q MC FC VC TC AFC AVC ATC
0 NA 50 0 50 NA NA NA
1 50 50 50 105 50 50 105
2 19 50 64 104 20 32 52
3 85 40 149 189 13.33 49.67 63.00
4 223 40 372 412 10 93 103
TC=FC+VC
FC=40
VC=TC-FC
MC=change in TC
AFC=FC/Q
AVC=VC/0
ATC=TC/0
a) TC when 0=0 = 40 because FC = 40 remains constant and the firm still incurs a total cost equal to its FC when it produces zero output.
b) MC for first unit = 45
c) ATC of 3rd unit = 63
d) AVC for 4th unit = 93
Answer: Routine problem solving
Explanation: In simple words, routine problem solving refers to the straight and simple problems that usually do not require any creativity to get solved. These problems are solved by following a predetermined set path of guidelines.
In the given case, Mary has been dealing with Gibson for many years, that is, they must be having strong business relations. Also she will be full aware of the operations of Gibson's business framework.
Hence Mary would employ routine problem solving.
Answer:
Identity theft is a challenge in the technological environment of businesses, while the desire for green living presents opportunities for new businesses in the global environment.
Explanation:
Answer:
In 1980
Explanation:
Year Salary Percentage Salary Increase CPI Increase
1970 $12,000 - -
1980 $24,000 100 50
1990 $36,000 50 83.3
As can be seen in the table, the Professor's salary increase from 1970 to 1980 was twice as much as the CPI increase during the same period.
On the contrary, his salary increase from 1980 to 1990 was significantly less than the CPI increase during the same period.
Therefore, the professor's salary was highest in 1980.
Answer:
A. a shorter payback period than project B.
Explanation:
Payback period is the period when the investment value is fully recovered through the business.
Hence the shorter the payback period, the better it is because this means that the return on investment in earned at a greater pace.
Hope this clear things up.
Good luck.
