Introduction of the term Break Even Point
Give a brief introduction of the term Break Even Point. How does BEP aid in making business decision?
Expert
Break Even Point (or BEP) is a quantity of sales where there is neither profit nor loss. Which means contribution is sufficient to cover the fixed costs. Therefore, we can say that Contribution = Fixed Cost Any contribution generated after BEP will straight result in profits as the fixed costs are completely covered now. BEP can be evaluated in two ways: In phrases of Quantity- Fixed Costs / Contribution per unit In phrases of Amount- (Fixed Costs) / (P/V Ratio)
Disadvantaged groups have historically been pressured toward low wage jobs in a procedure termed as: (1) occupational crowding. (2) labor staggering. (3) systemic discrimination. (4) reverse favoritism. (5) nepotism. Q : Allocative and technical efficiency in Economy-extensive efficiency needs both allocative and technical efficiency within production and: (w) equity within the distribution of national income. (x) biological efficiency, in that people's basic desires should be met. (y) pol
Economy-extensive efficiency needs both allocative and technical efficiency within production and: (w) equity within the distribution of national income. (x) biological efficiency, in that people's basic desires should be met. (y) pol
States the Wealth Definition in economics?
As a firm is a pure competitor in both the labor market and during the sale of its product, this will hire labor where: (w) profit is maximized. (x) marginal revenue product = marginal resource cost. (y) wage = value of the marginal product. (z) All o
Describe the term trend projection.
Who is the father of economics and what is wealth definition of economics?
Illustrates the term Elasticity?
Boris operates a local landscaping company, needs each potential employee to lift a 200 pound tree before being hired whole-time. This obligation is an example of: (1) signaling. (2) discrimination. (3) screening. (4) derived demand. (5) automation. Q : Explain Simultaneous equation method of Explain the Simultaneous equation method of Demand Forecasting.
Explain the Simultaneous equation method of Demand Forecasting.
Profit maximizing firms will adjust their employment of labor till the last employee hired adds: (w) more to the firm’s revenue than this adds to cost. (x) more to the firm’s cost than this adds to the firm’s revenue. (y) an amount o
18,76,764
1958291 Asked
3,689
Active Tutors
1432973
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!