a firm maximizes its profits when responses a price equals marginal revenue.price equals marginal revenue. b price equals marginal cost.price equals marginal cost. c total revenue equals total cost.total revenue equals total cost. d marginal cost equals total cost.
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A firm maximizes its profits when the price equals the marginal cost. The correct answer is B.
Marginal cost is the additional cost incurred by producing one more unit of a good or service. Marginal revenue, on the other hand, is the additional revenue earned by selling one more unit of a good or service.
When a firm sets its price equal to its marginal cost, it ensures that it is not losing money on each unit produced and sold.
At the same time, it is also maximizing its profits by producing and selling the quantity of goods that generates the highest possible revenue.
This is because any additional unit sold beyond this point would cost more to produce than the revenue it would generate, resulting in lower profits.
Conversely, if a firm sets its price above the marginal cost, it may earn a higher profit per unit sold, but it may not sell as many units, resulting in lower overall revenue and profits.
On the other hand, if a firm sets its price below the marginal cost, it may sell more units, but it will not be covering all its costs, leading to a loss.
Hence, B is the right answer.
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Related Questions
An important financial institution that assists in the initial sale of securities in the primary market is the.
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what would be the cost of new common stock equity for tangshan mining if the firm just paid a dividend of $4.25, the stock price is $55.00, dividends are expected to grow at 8.5 percent indefinitely, and flotation costs are $6.25 per share? 17.22% 16.88% 12.57% 17.96%
Answers
The cost of new common stock equity for Tangshan Mining is 17.22%. The cost of new common stock equity for Tangshan Mining can be calculated using the following formula:
Cost of new common stock equity = (Dividend per share x Dividend growth rate x Flotation costs) / (Price per share - Dividend per share)
Substituting the given values, we get:
Cost of new common stock equity = (4.25x8.555.00 - $4.25) = 17.22%
Therefore, the cost of new common stock equity for Tangshan Mining is 17.22%.
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A company produces and sells shirts. the fixed costs are 7000 and the variable costs are 2 per shirt. shirts are sold at 10 each. find cost and revenue as functions
Answers
The cost function is TC=7000+2x
The revenue function is TR=10x
What are cost and revenue functions?
Cost and revenue functions are algebraic expressions which indicates how total cost or revenue for a given level of output can be determined
The straight-line formula below, can be used to determine the total cost at a given level of output, in other words, the number of shirts produced and sold
TC=a+bx
a=fixed cost=7000
b=variable cost per shirt=2
TC=7000+2x
The revenue function can be determined as the selling price multiplied by the number of shirts which is represented by x in this case
TR=price*quantity
price=10
quantity=x
TR=10x
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S.
Economics
Explain the term "Budget"
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Alpha Company manufactures Product P and sells it in packs of 10 units. The actual results for the first week in January are as follows: Actual production 25,000 packs of Product P Actual cost of raw material Q 95,500 units at $0.85 Actual cost of labor 500 hours at $6.25 Standard quantity of raw material 96,000 units for 25,000 units of Product P Standard price of raw material Q $0.77 Calculate the total material variance for Product P for the first week in January
Answers
Answer:\(67500\)
The right solution is "13,675 U".
Explanation:
According to the question,
The standard material cost will be:
= \(25000\times (\frac{90000}{30000} )\times 0.90\)
= \(25000\times 30000\times 0.90\)
= \(67,500\)
The actual material cost will be:
= \(95500\times 0.85\)
= \(81,175\)
hence,
The total material price variance will be:
= \(Actual \ cost - Standard \ cost\)
= \(81175-67500\)
= $\(13,675\) (Unfavorable)
Select the response that corrects the capitalization error in the sentence below. I live in Kentwood, louisiana. a. i b. kentwood c. Louisiana Please select the best answer from the choices provided A B C
Answers
Answer:
a) I
Explanation:
The letter I continues to be capitalized because it is the only single letter pronoun. Because the pronouns I and me have different uses, it's easy to distinguish between the two in terms of capitalization rules.
Type the correct answer in the box. Spell all words correctly.
Which good customer service skill does Tony seem to possess?
Tony works as a customer service professional for a store that sells refrigerators. He met a customer who was furious with the store's service.
Apparently, the store had delivered the wrong refrigerator model to the customer's home address. Tony apologized on behalf of the store. He
told the customer that the store would quickly replace the product. He Interacted with the customer for a while and promised that the store
would never give the customer a chance to complain in the future. Tony's ________
helped him make the customer believe
In the store's service.
Answers
Answer:
professional manner and reassurance
Maria Miller has $25,000 that she can deposit into a savings account for five years. Bank A compounds interest annually, Bank B twice a year, and Bank C quarterly. Each bank has a stated interest rate of 4 percent. What account balance would Maria have at the end of the fifth year if she left all the interest paid on the deposit in each bank? (Round answers to 2 decimal places, e.g. 52.75.)
Answers
At the end of the fifth year, Maria would have the following account balances:
Bank A: $29,425.47
Bank B: $29,589.10
Bank C: $29,614.53
To calculate the account balance at the end of the fifth year for each bank, we can use the compound interest formula:
A = P(1 + r/n)^(nt)
Where:
A = Final account balance
P = Principal amount (initial deposit)
r = Annual interest rate (as a decimal)
n = Number of times interest is compounded per year
t = Number of years
Given:
Principal amount (P) = $25,000
Annual interest rate (r) = 4% = 0.04
Let's calculate the account balance for each bank:
Bank A (compounded annually):
n = 1 (compounded annually)
t = 5 years
A = $25,000 × (1 + 0.04/1)⁵
A = $25,000 × (1.04)⁵
A ≈ $29,425.47
Bank B (compounded semi-annually):
n = 2 (compounded twice a year)
t = 5 years
A = $25,000 × (1 + 0.04/2)¹⁰
A = $25,000 × (1.02)¹⁰
A ≈ $29,589.10
Bank C (compounded quarterly):
n = 4 (compounded four times a year)
t = 5 years
A = $25,000 × (1 + 0.04/4)²⁰
A = $25,000 × (1.01)²⁰
A ≈ $29,614.53
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Reconsider the data from problem 62.
Data Problem 6.62 EOY Cash Flow EOY Cash Flow EOY Cash Flow 0 -$70,000 7 $14,000 14 $7,000 1 $20,000 8 $13,000 15 $6,000 2 $19,000 9 $12,000 16 $5,000 3 $18,000 10 $11,000 17 $4,000 4 $17,000 11 $10,000 18 $3,000 5 $16,000 12 $9,000 19 $2,000 6 $15,000 13 $8,000 20 $1,000 Assume MARR is 20 percent per year. Plot a graph of FW versus MARR, where MARR varies from 0 percent to 50 percent by 1 percent increments. FW should be on the y-axis and MARR on the x-axis.
Explain the significance of the y-axis intercept.
Explain the significance of the x-axis intercept.
Answers
We'll create a graph of Future Worth (FW) versus Minimum Attractive Rate of Return (MARR), where MARR varies from 0% to 50% in 1% increments.
Step 1: Calculate the Future Worth (FW) of the cash flows at each MARR.
For each MARR value (0% to 50%), use the formula FW = CF * (1 + MARR)^n, where CF is the cash flow at the end of the year and n is the year number.
Step 2: Plot the FW values on the y-axis and MARR values on the x-axis.
This will create a graph showing how the Future Worth changes with different MARR values.
Significance of the y-axis intercept:
The y-axis intercept represents the Future Worth of the investment when the MARR is 0%. In this case, the investment's return is not affected by the time value of money, and the FW is equal to the sum of all the cash flows.
Significance of the x-axis intercept:
The x-axis intercept represents the MARR at which the Future Worth becomes zero. This point indicates the minimum rate of return at which the investment's benefits equal its costs. If the MARR is below this point, the investment is considered profitable, and if the MARR is above this point, the investment is considered unprofitable.
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what is qbasic program
Answers
Answer:
structured programming language :)
Explanation:
Answer:
structured
Explanation:
Explain to the management of MC how they can apply the problem-solving technique identified in QUESTION 1.3.1 to solve complex business problems
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Applying the critical thinking method recognized Being referred to 1.3.1 can be a significant methodology for tending to complex business issues. Here are a few stages you can take to use this procedure: are Characterize the issue , Accumulate important data, Investigate the issue, Create likely arrangements, Assess and focus on arrangements successfully
complex business issues An illustration of a perplexing issue is bringing up a kid. Each youngster is interesting. You gain from bringing up one kid, however the following kid might require an alternate methodology. With complex issues like bringing up a kid, the result is Accumulate questionable Basic issues are settled by simply keeping clear guidelines there's just a single arrangement and it's natural.
Convoluted spaces are ones where the guidelines are known and unsurprising yet the standards are critical and can't be instinctually perceived without some preparation.
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Keyanna is thinking of marketing consulting as a potential future career. Identify each task associated with consulting as either producing research or consuming research.
1. collect and analyze data, and present the results to clients
2. keep up to date on current product trends
3. look at analyses conducted by other firms, and inform clients of the findings
4.test different marketing strategies to identify the best one
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Producing research involves gathering and evaluating data, as well as presenting the findings to clients.
Consuming - One activity related to consuming research is staying current on market trends. This is due to the fact that current research or data on product trends are reviewed and analyzed rather than fresh research being conducted.
Generating - A task included in producing research is testing many marketing techniques to find the most effective one. This is due to the fact that it entails performing fresh research by testing various marketing methods and assessing the outcomes to establish the most effective course of action.
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i am doing in interview for business opportunities around my area what questions should i ask
Answers
Answer: General questionsWhen did you start your business?Why did you decide to become a business owner?What was your mission at the start of your company?How many employees does your company have?What services or products do you offer?How do you advertise your business?
Explanation: i think it’s right
Typical queries include: When did your business begin? Why did you choose to start a business? What was the purpose of your business when it first began? How many people work for your company? What products or services do you provide? How do you promote your company?
What is an interview?An interview is a planned dialogue in which one party asks questions and the other replies. The term "interview" in everyday speech describes a private discussion between an interviewer and an interviewee.
The interviewee replies to queries by the interviewer by typically supplying information. The use of or distribution of that information to other audiences is entirely up to you.
This characteristic is evident in many different sorts of interviews; even when no one else is present during a witness interview or a job interview, the answers will be made available to others later on in the hiring or investigating process. Information can be exchanged in both directions during an interview.
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Why is it important for consumers to compare?
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Consumers compare brands, products, and product classes to allocate their budgets. They compare particulars on price and the mileage they anticipate to decide from the particulars' features.
It's especially salutary when buying precious particulars, particulars you buy frequently, or particulars where the product quality or price varies greatly. Through announcements, registers, and online quests, comparison shopping is easy and can save you, plutocrats.
Consumers compare brands for shopping is the only way to familiarize themselves with the stylish available interest rates, know how important analogous homes and buses are dealing for and ensure they pay as little as possible on your big expenditure.
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Yesterday in class we discussed 4 Era’s of Marketing and how the situation of the world at that time impacted businesses, specifically, marketing. The assignment is to choose ONE of the following era’s and write a letter to a loved one as if you were just starting a job during the marketing era of your choice. In your letter you should mention what is happening in the world to cause this shift in marketing, and what your role is going to be. You can choose which company you are working for: maybe you are starting a job on the assembly line, or becoming a door to door salesperson! Be creative and have fun with it. If you want, try to imagine what the world was like during that time period and use language or current events to make your letter sound more believable.
The letter should be at least 2 paragraphs long and should display that you understand how businesses are using marketing in this new era.
4 Eras:
Production Era (1800’s - 1920)
Selling Era (1920s - 1950s)
Marketing Era (1950s - 1990s)
Value Era ( 1990s - Current )
Answers
I hope this letter finds you well. I am writing to tell you about my new job at [Company] during the Marketing Era.
As you may know, the Marketing Era began in the 1950s and has continued until the present day. This shift in marketing was driven by a number of factors, including the post-World War II economic boom, the proliferation of mass media, and the emergence of new technologies like television and radio.
In my new role at [Company], I will be working on marketing campaigns for our products. This involves identifying target audiences, developing marketing strategies, and creating advertising materials to promote our products. I am excited to be a part of this exciting time in marketing, and I am looking forward to learning and growing in my new position.
I hope all is well with you and I can't wait to hear about your own adventures.
Sincerely,
[Your Name]
how many tines in earth does the sun intersect equartor
Answers
Answer:
два
Explanation:
True or false: If producers, consumers, or workers with similar needs pool their resources for mutual gain, they have created a franchise.
Answers
Answer: false
Is the answer
If producers, consumers, or workers with similar needs pool their resources for mutual gain, they have created a franchise.The statement is false.
What is a consumer?A consumer is referred to as an end user of any product. He is the person who utilized or consumes the goods. For example, when parents purchase baby food, they will be considered customers, not consumers the consumer will be a kid.
If producers, consumers, or workers with similar needs pool their resources for mutual gain, they have created a cooperative, not a franchise.
In a cooperation type of business, decisions are based on mutual consent of the people who are giving their contribution in resources and managing the operations.
Similarly, profit is also distributed between owners having ownership rights in the business.
Therefore, the statement is False
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i was wondering...
has anyone seen my wallet? I got 200 bucks in there I could give you more if you find it and give it to me. really need it for school
Answers
I doubt anyone here has seen your wallet. Check everywhere in your house and that you go frequently. Then look everywhere 19 more times... But do it like a list:
bedroombathroomkitchenetccheck 1-4 15 times, in that order.Which person would most likely want to invest all of his or her savings in a
hedge fund?
A. A retiree who is most interested in keeping her deposits safe
B. A student who wants his money to grow as quickly as possible
C. A teacher who would like to have a diversified set of investments
D. A doctor who wants to avoid paying taxes on retirement income
SUBMIT
Answers
Answer:
C. A teacher who would like to have a diversified set of investments
The Digby company will continue to train their existing workforce at their current level to help reduce turnover and improve productivity next year. Employee training costs have increased to $30 per hour. How much would their training costs per employee be to the nearest dollar?
Select: 1
A. $1,200
B. $400
C. $1,182
D. $2,382
Answers
Answer:
a. $1,200
Explanation:
Note: The full question is attached below
Number of training hours = 40 hour
Cost per hour = $30
Total cost = Number of hours * Per unit cost
Total cost = 40 * $30
Total cost = $1,200
which type of benefit offers the greatest degree of self-determination for clients?
Answers
The type of benefit that offers the greatest degree of self-determination for clients is typically considered to be a direct cash transfer or unconditional cash transfer.
Direct cash transfers provide individuals with financial resources that they can use as they see fit, without any specific restrictions or conditions on how the money should be spent. This type of benefit gives clients the highest level of autonomy and decision-making power over their own lives and allows them to prioritize their needs and goals based on their unique circumstances.
By receiving cash directly, individuals can exercise their self-determination by making choices related to their basic needs, such as food, housing, healthcare, education, or transportation. They can also allocate funds based on their personal aspirations, entrepreneurial endeavors, or investments in their own skills and development.
Unconditional cash transfers are often seen as empowering because they recognize the agency and autonomy of individuals to make decisions that best suit their own well-being. This approach promotes dignity, independence, and respect for individual choices, allowing clients to address their specific needs and circumstances in a manner they deem most appropriate.
It's important to note that the concept of self-determination can vary depending on cultural, social, and economic contexts. Different benefit programs and interventions may prioritize different objectives, and the degree of self-determination offered can vary across these programs.
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An evaluation and unbiased opinion of the accuracy of a firm's financial statements can be obtained after a(n) ______ audit.
Answers
An evaluation and unbiased opinion of the accuracy of a firm's financial statements can be obtained after an indepenfent audit.
What is independent audit?
An independent audit can be described as the examination of the financial records, as well as the accounts, business transactions, accounting practices, as well as the internal controls of a charitable nonprofit by an "independent" auditor.
It should be noted that the evaluation and unbiased opinion of the accuracy of a firm's financial statements is oner od the thing that can be associated to the indepenfent audit.
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if the nominal rate is 5 percent and the annual rate of inflation is 2 percent, what is the real rate of return?
Answers
The real rate of interest is determined to be at 3%.
What is the real rate of return?The real rate of return is the money worth of your venture over the long run, representing expansion and duties. It estimates how well a venture is doing in the wake of thinking about these extra expenses. challenging to decide the specific figures for expansion and expense rates.
The nominal rate is provided at 5%
The rate of inflation is given at 2%
The real rate of the interest will be calculated as:
Real interest rate
= Nominal Interest Rate - Inflation Rate
= 5-2
= 3%
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What was the impact of the entry of the united states into world war one Germany faced a greater number of allied troops as more than a millon amercain
Answers
Answer:
The United States decided to remain neutral during the Great War, which began in 1914 after the assassination of Archduke Franz Ferdinand of Austria-Hungary. This because they considered that it was a European conflict, which did not influence the commercial or political interests of America.
Now, after a series of diplomatic altercations with Germany, such as the Zimmermann Telegram and the sinking of the Lusitania, on April 6, 1917, America entered the war. Thus, 2 million American soldiers joined the allied forces, mainly British, French and Russian, who were fighting in the Old Continent. This new number of soldiers, without participation in previous combats, tipped the balance for the allied side, given that the forces of the Central Powers were already exhausted and without resupply capacity.
What can a boosted post help an advertiser achieve?
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A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Marketer’ ay prohibition of tracking take away the marketer’ legitimate right to tudy conumer behavior. Which ide do you agree with and what are your two reaon for doing o?
Answers
Marketers say the prohibition of tracking takes away the marketer’s legitimate right to study consumer behavior.
I agree that Marketers may track customer purchases without abusing the data. They should try to keep customer information private to protect clients.
Generally, Marketers are allowed to monitor consumer purchases as long as they don't abuse the data they get. To preserve the privacy and safety of the clients, they should take efforts to stop any client information from being released.
Since it enables better customer communication, it is crucial for marketers. They can reduce the market gap and find needed goods and outmoded goods by analyzing how customers choose products.
Customer behavior must be taken into account in your company's marketing plan. Thanks to this knowledge, you can organize your resources, make wise choices, and focus on a larger consumer base. The goal is to reach your target market with the appropriate advertising at the appropriate moment.
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A company makes jet aircraft in the United States and sells the planes to
airlines in Europe, Africa, and Asia. This is an example of which kind of
activity?
Answers
Answer:
The answer is (D) Exporting
Explanation:
I just took the quiz
Answer:
Exporting
Explanation:
To encourage the formation of small businesses, the government could provide subsidies; these subsidies would:A. be included in GDP because they are part of government purchases.B. be included in GDP because they are part of investment expenditures.C. not be included in GDP because they are transfer payments.D. not be included in GDP because the government raises taxes to pay for them.
Answers
Option B - subsidies would be included in GDP because they are part of investment expenditures.
Subsidies provided by the government to encourage the formation of small businesses would be included in GDP (Gross Domestic Product) as part of investment expenditures. Investment expenditures refer to spending on capital goods, such as equipment or machinery, and other expenditures aimed at expanding production or improving efficiency. The subsidies are considered part of investment because they provide financial support to businesses, allowing them to invest in their operations and expand their production capabilities. However, it is important to note that the impact of subsidies on GDP can vary depending on factors such as the size and nature of the businesses receiving the subsidies and the effectiveness of the program in promoting economic growth. While subsidies may help to stimulate economic activity in the short term, their long-term impact on economic growth and sustainability is subject to debate among economists and policymakers.
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which media conglomerate was recently purchased by at&t and is now developing a new streaming service that incorporates elements of its former company?
Answers
The media conglomerate that was recently purchased by AT&T is Time Warner. Time Warner is a media and entertainment conglomerate that owns properties such as HBO, Warner Bros. Pictures, Warner Bros.
Television, Turner Broadcasting System, and more. With the acquisition of Time Warner, AT&T is now developing a new streaming service called HBO Max. The streaming service will build upon the existing HBO library, offering both original and acquired content, as well as content from the other former Time Warner properties. HBO Max will be an on-demand streaming service, available on all major platforms, offering an impressive library of TV shows, movies, and documentaries.
It will also offer exclusive content, such as the new series "Love Life" starring Anna Kendrick, and the highly-anticipated new series "The Flight Attendant" starring Kaley Cuoco. HBO Max will also offer content from DC Comics, Cartoon Network, and other Time Warner properties. This new streaming service is expected to launch in the Spring of 2020.
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Raymond Vernon's product life-cycle theory was based on the observation that for most of the 1900s the majority of the world's new products were developed in
Answers
Raymond Vernon's product life-cycle theory was based on the observation that for most of the 1900s the majority of the world's new products were developed in advanced capitalist nations.
Raymond Vernon, a Harvard economist, first proposed the product life cycle theory. It argues that goods move through four distinct phases over the course of their lives. The Product Life Cycle is a concept that attempts to describe the way a product evolves through the market from introduction to withdrawal. The product life cycle is primarily broken into four different stages, which are as follows: Introduction, Growth, Maturity, and Decline.
A new product starts with the introduction stage when it is first introduced to the market. The product then goes through the growth stage, which is characterized by a rise in consumer demand. When a product reaches the maturity stage, it has reached its peak of popularity and consumer demand begins to taper off. Finally, during the decline stage, a product begins to lose consumer appeal and is withdrawn from the market.
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