Explain (In Words) How Bonuses Are Assigned in the Following

question 32

Essay

Explain (in words) how bonuses are assigned in the following example:
if(saleAmount > 1000)
if(saleAmount < 2000)
bonus = 100;
else
bonus = 50;

Understand how fixed, variable, and total costs affect a firm’s pricing and production decisions.

Examine the impact of economic profits on a firm’s production decisions.

Interpret data to determine the profit-maximizing rule and its application.

Analyze the effects of changes in fixed costs on production decisions.