Search
calculate mean marks
marks. no of students
0-10. 20
10-20. 24
20-30. 40
30-40. 36
40-50. 20
Which of the following occurs in the long-run equilibrium under perfect competition?
Question 2 options:
Firms make economic profit
Price exceeds marginal revenue
Average cost equals marginal cost
Firms makes zero accounting profit but negative economic profit
A sales representative for a struggling computer supply firm has a chance to close a multimillion dollar deal for an office system to be installed over a two year period. The machines for the first delivery are in the company’s warehouse, but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model, the sales representative is not sure that subsequent deliveries can be made on time. Any delay in converting to the new system would be costly to the customer; however the blame could be placed on the manufacturer. Should the sales representative close the deal without advising the customer of the delivery problem? Discuss the pros and cons of the decision the sales representative chooses to take.
3 b. You have studied Business Ethics in a structured manner in this program. Has it helped you with tools to better manage your decision making process as a business person? Explain in your own words
Futuristic was a newly setup firm in 2019. It is in the business of providing artwork. However, being in the business of standard art objects (non-essential items), it did not do well once it was hit by COVID-19. It has a selling price of ₹2,500 per piece and a variable cost of ₹1,000 per piece. It incurs an annual fixed cost of ₹30,00,000. a. The manager of the business wishes to know- the number of art pieces they must sell to be at the break-even point the contribution margin whether the firm is earning a profit or incurring a loss by selling 2,100 art pieces
Given that frozen yogurt and ice cream are substitutes, how does a shift in preferences in favour of yogurt affect the equilibrium price and quantity of ice cream?
If people begin to favour science fiction novels to a greater degree than previously, what is the effect on the equilibrium price and quantity of novels?
The demand curve is QD=500-1/2P
Find the point at which point elasticity is equal to -1.
Find the slope, x-intercept, and y-intercept of C(x)=200x+40,000
Find the slope, x-intercept, and y-intercept of C=900+0.75y
Find the slope, x-intercept, and y-intercept of Qs=150-3P
