Answer:
The answer is: ALL THE OPTIONS ARE WRONG
Explanation:
A) In the short run, the firm will shut down if the price of its product is < $12.
B) In the long run, the firm will shut down if the price of its product is < $15.
C) The minimum value of variable cost equals the variable cost of producing 1 single unit, not the variable cost of producing 200 units.
D) If the firm's fixed costs are $500, it means that they decreased. According to the question the fixed costs were $690 (230 units x $3 per unit). So if the fixed costs decrease, then the average total cost should also decrease, not increase to $16.
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<span>machine. She uses a simulative approach to increase the effectiveness and efficiency. If Kelly is at the output stage of the process, then she is identifying the inputs utilized in the process for measuring the productivity.</span>
Answer:
The production requirement for this quarter is 37000 bookcases.
Explanation:
The required closing inventory for this quarter is = 0.2 * 40000 = 8000 bookcases.
The production requirement for this quarter can be calculated by calculating the bookcases that needs to be produced in addition to the opening inventory to meet this quarter's sales and the required closing inventory. Thus, the production for this quarter should be,
Production = Sales requirement for the quarter + Closing Inventory - Opening Inventory
Production = 36000 + 8000 - 7000 = 37000 bookcases
