Answer: Please refer to Explanation.
Explanation:
Monopoly.
The 2 reasons why the monopoly’s marginal revenue will always be less than its price are;
a) Even though Monopolies have very large influence on the prices of goods and services they offer, for a Monopoly to sell more goods, they generally have to lower their prices. This will lead to a situation where Marginal Revenue, which is the additional revenue made per additional unit sold will be less than Price because additional revenue for a new unit will be less than the last one because prices are dropped .
b) A Monopoly's demand schedule is downward sloping. This means that demand rises as prices drop. As prices drop therefore, more goods will be sold but the marginal revenue will be less because prices had to be dropped to get an additional unit to be sold. That unit therefore will bring in less revenue than the last unit.
Perfectly Competitive Market
In such a market, the seller is a Price Taker. This means that sellers in this market do not sell at a price that they want but rather at a price the market has established to be the Equilibrium. This is because of the high competition in the market. Since they are all selling at the same price, this means that every additional revenue they get is the same as the price the market charges. This means that Price equals Marginal Revenue in this market.
Answer:
A. 16
B. 57.14
Explanation:
forging presses = 20
setup time = 3 hours
Time required to produce 1 batch = 600 *45 s = 7.5 hours
total workforce = 7 in all;
a. no of forged parts produced in a month ;
total time required to produce 1 forged part = 3 + 7.5 = 10.5 hours;
working hours a day = 8 ;
total no of working days = 21/month;
total no of batches produced n= 21*8/10.5;
n = 16;
so no of parts = 16 * 600 = 9600;
b. labor productivity P= parts /work hour;
P = 9600/21*8 = 57.14
Answer:
- News report on website and social media channels.
- Quarterly earnings call.
- Annual General meeting.
Explanation:
As there are no options available, I listed three ways in order of ease of implementation.
Catherine could include the news in a news report or newsletter and post it on the company website and their social media platforms to ensure that as many of their shareholders as possible read it. This is the easiest method mentioned and can be done as soon as possible.
Catherine can also update the shareholders during Quarterly Earnings calls which is a webcast or teleconference where she will update shareholders on the happenings in the company. As this happens quarterly, Catherine may have to wait some time to use it so it is second in ease of use.
Catherine could also wait till the Annual General Meeting of the shareholders to do so but this could take quite a long time.
Bias may be occurring. Bias is basically thinking someone is better than another person due to one factor, without even knowing the person. In this instance, the store manager is only hiring shift supervisors who have a degree, rather than an experienced cashier without a degree. The bias here is dependent on the employee's educational history. The manager may think that even though the cashiers are great, they still may not have the qualifications that one would pick up in college.
Answer:
The correct answer is the option D: Decision Support System.
Explanation:
To begin with, <em>''Decision Support System''</em> or DDS is the name given to a type of information system whose main purpose is to help the users in the decision making process by given them support regarding data mining and the recollection of information in order to <u>present several alternatives that may help the user to resolve a problem that may be rapidly changing and not easily specified in advance</u>, for example unstructured decision problems.
