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anyanavicka [17]
1 year ago
14

A recent income statement of McClennon Corporation reported the following data:

Business
1 answer:
arsen [322]1 year ago
7 0

Answer:

The correct answer is option b.

Explanation:

The number of units of output sold is 8,000 .

The sales revenue is $9,600,000 .

The variable costs are $6,000,000 .

The fixed costs are $2,600,000.

The price of the product

= \frac{Sales\ Revenue}{Q}

= \frac{9,600,000}{8,000}

= $1,200

The average variable cost is

= \frac{TVC}{Q}

= \frac{6,000,000}{8,000}

= $750

Profit =  TR - TC

Profit = Price\ \times\ Q - (AVC\ \times\ Q )\ +\ TFC)

$1,270,000 = $1,200Q - $750Q - $2,600,000

$3,870,000 = $450Q

Q = \frac{3,870,000}{450}

Q = 8,600 units

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After eating four slices of pizza, you are offered a fifth slice for free. You turn down the fifth slice.
Nadusha1986 [10]

Answer:

The correct answer is letter "D": marginal utility is positive for the 4th slice and negative for the 5th slice.

Explanation:

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If the marginal utility is positive, consumers would want to acquire more of the good or service but if negative they will stop consuming it. Thus, the marginal utility for the 4th pizza slice is positive but the marginal utility for the 5th slice is negative.

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Answer:

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8 0
1 year ago
Which of the following is not an example of organizational citizenship behaviour? telling your friends about the company’s great
Hoochie [10]

Answer: discouraging a friend from applying for a job at the company

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Describe a problem you face in your everyday life or at work. How might you use hypothesis testing to find a solution or improve
ololo11 [35]

Answer:

The common problem i encounter mostly is the statistical modelling problem.

In this scenario we choose best combination of independent variables for the hypothesis testing. the independent variable shows the significant effect on dependent variable so we keep it in modelling.

My null hypothesis would be that there is no significant effect of independent variable on dependent variable.  for my alternative hypothesis there exist is significant effect of independent variable on dependent variable.

Explanation:

The common problem I face daily is the statistical modelling problem which is the selection of relevant independent variable for prediction modelling.

In this example to select the best combination of independent variables we use hypothesis testing. if the independent variable has significant effect on dependent variable then the independent variable shows the significant effect on dependent variable so we keep it in modelling. In this way the model gets improved.

Since there are always two variables or two categories. hence it has a two sample test.

The Hypothesis can be shown below:

Null hypothesis:

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Alternative hypothesis:

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6 0
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To survive and​ prosper, a business must gain and sustain​ ______ major competitive advantages over rival firms. A. as many as o
zloy xaker [14]

Answer:

C. <u>at least several</u>

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For example, in case of telecommunication, one company's competitive advantage could be superior network coverage with lower call drops than it's competitors.

In order to survive and grow, a business should try and gain competitive advantages in at least several fields and yet at the same time retain and maintain those competitive advantages over a period.

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