Some firms solicit the services of other companies on an "as needed" basis and then release them when the job is done. These companies form a flexible structure known as an)

Q: The Pizza company's franchisees pay a royalty to the company that is typically equal to 4.5% of the…

A: Promotion price of pizza = 1  Cost of producing pizza = 1.1 Royalty paid = 4.5% of the revenue…

Q: Computers are used to create and solve managerial decision models. True False

A: A managerial decision model refers to a mathematical or logical depiction of a real-life…

Q: On the 15th August, 2022, the Public Utility Regulatory Commission (PURC) of Ghana announced 27.15%…

A: The pricing structure and rates established by regulatory authorities for the supply and use of…

Q: State what market structure that currently exists in the UK’s housing market. Explain if excess…

A: A theoretical market structure is noted as excellent competition. There are not any monopolies…

Q: A firm has $1.5 million in sales, a price is $116.28, and a marginal cost of $50, and competes…

A: Firm has the sales of=$1.5Price=$116.28MC=$50

Q: The following equation describes a firm's total cost. TC = 10 + 10Q +5Q2 a. If the firm is a price…

A: We are given that:-Total cost curve is as follows:- TC = 10 + 10Q + 5Q²

Q: In economics, profit         revenue         marginal…

A: The question is asking to identify the term used in economics to describe small incremental changes…

Q: Assume that you are managing an electric utility that must minimize the cost of producing the…

A: Energy consumption is increasing day by day, in order to meet the demand there is a need to focus on…

Q: We have a company in perfect competition that aims to maximize profits and produces according to the…

A: The profit maximizing firm in Perfect competition will hire worker at a point where Marginal revenue…

Q: Marginal Product Output Total Cost ATC MC $200.00 20 $300.00 50 $400.00 90 $500.00 120 $600.00 140…

A: Here, ATC = Average total cost MC = marginal cost  MP = marginal product  TC = Total cost  Q =…

Q: Market shares of mat makers are in the table below. Firm Market Share (Percent) Made-to-last, Inc…

A: while calculating concentration ratio we consider the firms who have a larger market percentage…

Q: Marginal profits can never be zero True/False

A: # The term marginal means additional And marginal profit means the extra profit earned with the sale…

Q: Refer to the diagram below. If this firm is producing at the profit- maximizing level of output in…

A: The profit of a firm is the net revenue after deducting the costs. It is calculated by subtracting…

Q: Consider a firm that has two types of employees in their marketing department with the following…

A: Following are the issues with each kind of workers as far as bonus 1. Sales staff-They are paid…

Q: Explain the role of the personal selling in the organizational buying behavior. And giving examples?…

A: Personal selling involves selling or convincing a buyer in purchasing a good. It is a promotional…

Q: 15th Assignment Construct two graphs lined up one on top of the other. The upper graph should…

A: Let us a suppose that the firm is operating in perfect competition market which means that if firm…

Q: A pizza company runs its business in a franchisee mode and has decided to conduct a $1 promotion for…

A: Given ,    Promotion price of pizza = 1  Cost of producing pizza = 1.1 Royalty paid = 4.5% of the…

Q: What incentive compensation needed by employees to remain competitive within the industry?

A: The reward in the form of cash paid to employees for the service that they provide is defined as…

Q: what are the maximum profits this firm can earn?

A: A competitive market is a typical market that answers the demands for goods and services. A…

Q: can a manager earn profit by exploiting market inefficiencies? What are some common tactics

A: Its often tendancy for managers to exploit the market inefficiencies and earn profit.

Q: denfine the following managerial principles  Workplace Organization. Authority and accountability…

A: The principles that tend to serve as a guideline for making decisions and actions of management…

Q: 19.5 (0) A profit-maximizing firm produces one output, y, and uses one input, r, to produce it. The…

A: Given:

Q: Define the term Mixed Costs?

A: Cost refers to the monetary value that is spent by a company in order to conduct its production…

Q: T/F There is a absence of selling cost in a perfectly competitive market.

A: A market structure where there are many small businesses selling the same, homogenous product and no…

Q: Opportunity costs are an important consideration for managers when deciding whether to accept…

A: Cost refers to the sum of money a corporation spends on making or producing products or services.…

Q: a) A manufacturing firm has the following price and cost structure: Number of Units Price Total cost…

A: The total cost of a firm consists of fixed costs and variable costs. The fixed costs refer to the…

Q: The gap that exists in a graph between total costs and fixed costs represents the variable costs of…

A: Total cost is the sum of variable and fixed costs. TC = TVC + TFC

Q: Which of the following indicates an item to be a good candidate for outsourcing? 1) The item is…

A: In-house workers are those workers who perform their activities within the organizational…

Q: Wheel Co. Ltd, operating in a competitive industry has a cost function: TC=5+13Q2 - 3Q. This firm…

A: Price = $18  Total Revenue (TR) = P*Q = 18Q Marginal Revenue (MR) = 18 Total Cost (TC) = 5+13Q2-3Q3…

Q: What is the profit maximizing /loss minimizing rule a firm should follow regardless of the market…

A: If pricing is less than average total cost but larger than average variable cost, a company avoids…

Q: ransaction costs and why are they important to why firms exist? (hint: Coase theory)

A: Coase theorem states that in the presence of well-defined property rights, the parties involved in a…

Q: Your friend is a Vice President of HR. He says, “Most CEO’s, when asked by the Board of Directors to…

A: It is given without being said that everyone, if they are being paid well and are willing to work,…

Q: Why should a firm shut down immediately when it can no longer cover their variable.

A: The firm's shutdown point is where the average variable cost is at its minimum. It is the price…

Q: True/False Firms maximize profits when MR> MC

A: # A firm will always maximize it's profits when the marginal profit is 0.  Marginal profit =…

Q: The table below represents the hourly output and cost structure for a local pizza shop. The market…

A: Marginal Cost is the cost of producing an additional unit of a product. Marginal Revenue is the…

Q: Discuss where does the shutdown being and why? What does the company has to do to get back to…

A: The answer is given below

Q: Which of the following is not a fixed cost?

A: Fixed cost refers to a cost that does not change with an increase or decrease in the number of goods…