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Hoochie [10]
1 year ago
11

​Half of all your potential customers would pay $10 for your product but the other half would only pay $8. You cannot tell them

apart. Your marginal costs are $4. If you set the price at $10, the expected profit is:
Business
2 answers:
densk [106]1 year ago
4 0

Answer:

Expected Profit is $4

Explanation:

Price = $8

Marginal Cost = $4

The formula to derive the expected profit is Expected Profit = Price - Marginal Cost------equ(1)

Using equation (1) and given information, expected profit is calculated as

Expected Profit = Price - Marginal Cost

Expected Profit = 8 - 4

Expected Profit = $4

Thus, the Expected Profit is $4

Alex73 [517]1 year ago
3 0

Answer:

The expected profit is:

$5.

Explanation:

a) Calculations:

Profit from customers paying $10 = $6 ($10 - $4)

Profit from customers paying $8 = $4 ($8 - $4)

Expected profit  from customers paying $10, = $6 x 0.5 = $3

Expected profit from customers paying $8, = $4 x 0.5 = $2

Total expected profit = $5.

The expected profit is the profit from customers paying $10 weighted with probability plus the weighted profit from customers paying $8.  Adding the expected profit from each class of customers gives the overall expected profit combined.

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Answer:

Setting specific goals

Explanation:

Because Joe was dissatisfied with his 5 percent rise in pay as opposed to his colleagues '10 percent raise and plus he is not informed of the minimum standard.

So for improving the performance he should set his specific goals so that he should accomplish the company goals and objectives due to which he will get the appraisal next time

7 0
1 year ago
Ethical business communicators strive to tell the truth, label opinions so that they are not confused with facts, are objective,
ryzh [129]

Answer:

correct answer is give credit when using the ideas of others

Explanation:

Ethical business communicator

we know 3 basic function of business communication are

  1. informing
  2. persuading and
  3. promoting goodwill

and as that 7 principles of business communications are

  1. Clear  
  2. Concise  
  3. Objective  
  4. Consistent  
  5. Complete  
  6. Relevant  and
  7. Understanding of Audience Knowledge

these 7 principles enough to keep message ethical but if need more International Association of Business Communicator outlines a code of ethics that is  about honest and about obey laws and public policies and sensitive to other and give credit to other for their works etc

so here correct answer is give credit when using the ideas of others

4 0
1 year ago
Recruitment sources are unlimited; therefore, an organization must decide how to reach the best sources of potential employees.
Verdich [7]

Answer:

1. a. Newspaper advertising

2. b. Headhunters

Explanation:

1. Newspaper advertising is the best source to hire as its a big number of positions and fill the vacancies according to the requirement of an organization.

2. Headhunters may be defined as it is the process of recruitment where a high-level position is fulfilled instead of entry-level. Headhunters are not appropriate to hire for entry-level positions.

4 0
2 years ago
When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and _____?
charle [14.2K]

When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and accountability

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You are auditing Rodgers and Company. You are aware of a potential loss due to noncompliance with environmental regulations. Man
aniked [119]

Answer:

D. disclose a liability and provide a range of outcomes.

Explanation:

As there are 40% chances to the outcome that liability will occur, it is not nominal to be ignored. And therefore, it shall be shown in the balance sheet, as a note, with different possibilities and their expected results.

As the amount attached is huge and that the company shall not ignore such a coming liability, as if it do not happen, it can be reversed, and if it does the company shall be ready to have the liability in case of any default.

4 0
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