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)
Illustrates the case of customary pricing with details?
Illustrates the steps in formulating pricing policies in details?
Where managerial economics treat as a tool? Answer: Managerial economics is like a tool for decision making and forward planning.
Average female wages are historically beneath the average for male workers due to: (w) concentration in low income occupations. (x) placement in low status job positions. (y) lower admission in professional schools and skilled trades.
Within a graph along with output on the horizontal axis and whole revenue on the vertical axis, determine the shape of the total revenue curve for a perfectly competitive seller: w) U-shaped. x) inverted U-shaped. y) a horizontal line
Explain the concept of revenue.
Describe about the term Boom in phases of business cycle.
An assumption regarding purely competitive labor markets to make sure market clearing is which: (w) firms maximize profit. (x) individuals and households maximize utility. (y) wages and prices are flexible. (z) trade unions engage in collective bargai
Job applicants make use of polished resumes explaining education, work experience and skills, accompanied from supportive letters of recommendation letters like tools in a process economist’s call: (1) adverse selection. (2) signaling. (3) human
what are the criteria for good forecasting
18,76,764
1936598 Asked
3,689
Active Tutors
1442030
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!