What is the formula to calculate gross profit
a. net sales less cost of goods sold
b. gross p...
Business, 18.10.2021 16:50, girlgirl7230
What is the formula to calculate gross profit
a. net sales less cost of goods sold
b. gross profit less expenses
c. net sales add cost of goods sold
d. net sales less expenses
Answers: 1
Business, 22.06.2019 23:40, valenciafaithtorres
Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.
Answers: 3
Business, 23.06.2019 00:40, briarkaltvedt
You are a team of marketing consultants. it is 2008 and the great recession has struck. one of your clients is whole foods market (sometimes known as whole paycheck). wfm has come to you and asked for strategic advice on how to adapt their product and pricing strategies in light of the economic downturn: 1. advise wfm on the various approaches that could be taken to reducing price. be sure to consider potential psychological impact of price reductions on wfm consumers. 2. based on the options outlined in part 1, recommend an approach and support with marketing theory.
Answers: 2
Business, 23.06.2019 01:00, shelovejaylocs
Why does the downward-sloping production possibilities curve imply that factors of production are scarce?
Answers: 1
Business, 23.06.2019 07:40, Asantetaedog8934
In the short-run, marginal costs are equal to the change in variable costs as output changes. ( mc = change in variable cost / change in quantity) assume that capital is fixed in the short-run. (a) start with the equation for marginal cost and derive an equation that relates marginal cost of production to the cost and productivity of labor. (b) draw a standard looking short-run marginal cost curve and use the equation you derived to explain its shape.
Answers: 2
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