Manuel: Demand decreased, but it was perfectly inelastic.
Poornima: Demand decreased, but supply was perfectly inelastic.
Shen: Demand decreased, but supply increased at the same time.
Valerie: Supply increased, but demand was perfectly inelastic.
Antonio:Supply increased, but demand was unit elastic.
Who could possibly be right? Check all that apply.
Answer:
Poornima, Shen, and Valerie could all possibly be right.
Explanation:
The price of fell but the quantity remained the same.
If an elastic demand shifts the demand curve will move to the left. This would cause both prices as well as quantity to decline. Hence, Manuel's statement is wrong
This can be because of the inelastic supply curve. If the supply curve is an inelastic vertical line then a fall in demand will not affect quantity while the price will fall. Hence, Poornima's statement can be correct
If there is a decline in the demand curve will shift to the left. Now, if there is an increase in the supply by the same amount the price will fall but quantity will remain the same. Hence, Shen's statement is correct.
If supply increased but the demand curve is perfectly inelastic, the rightward shift in the supply curve will cause the price to fall but quantity will remain the same. So, Valerie's statement is correct.
if the demand curve is unitary elastic, an increase in supply will cause the price to fall and quantity to increase. So, Antonio's statement is wrong
Entrepreneurs must make sense of complex information and make decisions about how to invest their time, effort, and other resources. Consequently, it is important to understand that.
It is important to understand that good entrepreneurs must be good judges.
What are the qualities of Good Entrepreneurs?Self-MotivationSelf-motivation is one of the most crucial characteristics of entrepreneurs. You must be able to push yourself if you want to achieve.
Take ChancesSuccessful businesses understand that it is sometimes necessary to take risks. As a business owner, playing it safe nearly never leads to success.
Understanding How to NetworkNetworking is a key aspect of entrepreneurship. Success is sometimes determined by who you know.
Basic Financial Management Knowledge and SkillsWe typically conceive of successful entrepreneurs as "big picture" thinkers who don't sweat the small stuff.
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How would implementing the cost-volume-profit analysis benefit a company? As a manager, which income statement format do you find more useful - the traditional financial accounting method or the contribution margin method? Why?
It provides insights into the relationship between sales volume, costs, and profitability, helping managers make informed decisions about pricing, production levels, and cost management.
CVP analysis allows managers to determine the breakeven point, the level of sales needed to cover all costs, and to assess the impact of changes in sales volume, costs, or prices on the company's profitability. This analysis can guide strategic planning, budgeting, and resource allocation.
As a manager, I find the contribution margin method of income statement format more useful than the traditional financial accounting method. The contribution margin method separates costs into fixed and variable components, allowing for a clearer understanding of how changes in sales volume affect profitability.
It highlights the contribution margin ratio, which indicates the proportion of each sales dollar available to cover fixed costs and contribute to profits.
This format enables managers to analyze cost behavior, identify cost-saving opportunities, and evaluate the financial impact of different sales scenarios. It provides a more focused view of the underlying profitability drivers and aids in decision-making related to pricing, product mix, and cost control.
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The economic problem arises from the coexistence of unlimited wants and unlimited resources?
Which type of loan is also known as a cash advance loan or a deferred deposit loan?
The below represent various transactions pertaining to a municipality that uses encumbrance accounting. For each of the municipality's transactions, select the appropriate recording of the transaction. Each method of recording may be selected once, more than once, or not at all. Secured by the municipality's power to tax its residents, short term financing was received from a bank. Approved purchase orders were issued for supplies. General obligation bonds were issued at par Some residents paid property taxes prior to their due date 4 2 Salaries and wages, payable from the general fund, were incurred Revenues were earned from a previously recorded grant. Upon adoption of the budget, appropriations were recorded Estimated inflows exceeded estimated outflows. 8 6 7 5 The aforementioned supplies were received and the related invoices were approved The internal service fund had interfund billings 10 9
Process of Transaction Bonds for general obligations were distributed at par. Credit other sources of funding, approved purchase orders for supplies were issued. Debt encumbrances are in charge.
What is a municipality, for instance?
A village, town, or city that is typically run by a mayor and council is referred to as a municipality. The adjective municipal, which you might use to describe things related to a town or its government, comes from this word. The municipal building downtown may house the city council chambers for your community.
How do I locate my neighborhood government?
A geolocation service is the sole way to locate the municipality for an address. In order to identify whether the address is in an incorporated city, it maps the address and compares it to the municipality database.
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The Herfindahl-Hirschman index (also shortened to just the Herfindahl index) is a measure of ____. a. market concentration b. income distribution c. technological progressiveness d. price discrimination e. none of the above
Answer: A
Explanation: Its the only that makes sense
The Herfindahl-Hirschman index (also shortened to just the Herfindahl index) is a measure of market concentration . Hence Option A is correct
What is Herfindahl index ?
The Herfindahl index, sometimes referred to as the Herfindahl-Hirschman Index, HHI, or occasionally the HHI-score, is a way to gauge how competitive an industry is by comparing the size of enterprises inside it.
It is an economic concept that is frequently used in competition law, antitrust, and technology management, and it is named after economists Orris C. Herfindahl and Albert O.
Hirschman. Antitrust regulators have continued to employ HHI, mostly to assess and comprehend how mergers may impact their linked markets. HHI is determined by squaring the market share of each rival company in the sector, and then adding the resulting values (sometimes limited to the 50 largest).
Market shares are presented as fractions, decimals, or whole numbers (t firms). The outcome is weighted by market share and is proportional to the average market share. Therefore, it has a range of 0 to 1, from a large number of very small businesses to a single monopolistic producer.
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Which of the following is a correct explanation for why the aggregate demand curve slopes downward?
a. As the price level decreases exports become more expensive overseas and imports become relatively less expensive domestically, and thus net exports rise.
b. As the price level decreases, the real value of cash balances increases total expenditures rise.
c. As the price level decreases consumers substitute more expensive goods for less expensive choices.
d. As the price level decreases the labor force increases
As the price level decreases, the real value of cash balances increases total expenditures rise is a correct explanation for why the aggregate demand curve slopes downward.
As the price level falls, real wealth or the value of money rises, or at lower prices, more items may be purchased for the same amount of money. As a result, a rise in wealth increases overall spending.
The aggregate demand curve moves to the right as aggregate demand rises. When AD is shifted to the right, the supply curve is cut at higher prices and higher output. Therefore, as aggregate demand rises, so do price and supply.
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Is anyone good at introduction to business?
Answer:
Yeah I'm good with business too
Explanation:
PLEASE HELP ME QUICK!
Which of these is not an example of a trade restriction?
a. paying a subsidy to domestic farmers
b. charging a tariff on imports
c. taking land to build an airport
d. limiting the import of certain goods
Answer:
c. taking land to build an airport.
Explanation:
While the other options (a, b, and d) are examples of trade restrictions, the act of taking land to build an airport is not directly related to trade restrictions. It is more related to the acquisition of land for public infrastructure development, which may involve eminent domain or other legal processes.
Suppose the inflation rate is 3% when a 15-year mortgage loan is given at a fixed rate of 4.5%. Five years later the inflation rate rises to 4%. What impact does this change have on the nominal interest rate and the real interest rate on the mortgage loan
As a result of the inflation, the nominal interest rate decreases and the real interest rate does not change.
What is nominal interest rate and real interest rate?Interest rate is the cost of taking out a loan. Interest rate could be real or nominal. Nominal interest rate is real interest rate plus inflation rate. Real interest rate is interest rate that has been adjusted for inflation.
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Katniss works for the Panem Bureau of Economic Analysis. Panem produces three goods: bread and axes, as well as wheat, which is used to make bread. The table below records the quantities and market prices of each good produced in 2020.
Quantity Market Price (in dollars)
Bread 9000.00 loaves $6.00
Wheat 2250,00 bushels $ 2
Axes 400.00 axes $50.00
Assuming Panem does not produce anything else in 2020, GDP is equal to $74000
Assume that from 2020 to 2021, Panem’s GDP grows by 14.00% and that the population of Panem grows from 200 to 212.00. Therefore, Panem’s per capita GDP growth is {ANSWERE HERE} %(round your answers to two decimal places).
1. Assuming Panem does not produce anything else in 2020, GDP = 78500
2. Panem's per capita GDP growth is 7.55%
1. We have the following data to answer this question
9,000 loaves of bread = $6
2250 wheat = $2
400 axes = $50
We have to first calculate for GDP.
GDP stands for gross domestic produce. This is the total sum of goods and services that were made in a particular area at a particular time.
GDP = price * product
Bread = 9000*6 = 54000
wheat = 2250 * 2 = 4500
axes = 400 * 50 = 20000
∑GDP = 54000 + 4500 + 20000
= $78500
Therefore if Panem does not produce anything else in 2020 GDP = $78500
2. We have to find the GDP per capita
\(\frac{GDP}{Population}\)
\(=\frac{78500}{200}\)
= 392.5
The GDP increased by 14%
= 78500 * 1.14
= 89490
Population grew to 212
\(\frac{89490}{212}\)
= 422.12
The percentage increase
= \((\frac{422.12}{392.5} -1)*100\)
= 7.55%
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IF UR NOT geminilovek DONT ANSWER PLZ IM TRYING TO HELP HERE OUT AFTER SHE ANSWERS THEN U ANSWER!
Answer:
thankyou
Explanation:
you want free pionts too?
Explain how supply and demand is relevant to wages,rent, or food cost in Charles and Ebony's budget
The forces of supply and Demand will influence the wage, food cost and rent of Charles and Ebony's budget because they will determine how much is spent or allocated for the various expenses.
What is the Demand and Supply?
Demand and supply is an economic principle that describes the ways good and services are transacted in an open market.
This means that if all economic factors remain constant, the price for a unit of a product or other traded commodities such as labor or liquid financial assets, will continue to shift or adjust until it meets at a point where the quantity which is demanded in a market at the current price will equal the quantity supplied at the current price.
This adjustment will result in an economic equilibrium for price of the commodity and the quantity of that commodity transacted.
Therefore, for Charles and Ebony's budget, the amount allocated to wages, rent and food cost will continue to adjust until they are able to purchase at a given market price based on the forces of demand and supply.
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Explain how each of the following events would affect the equilibrium price and quantity of new textbooks. (Explain which curve(s) would shift and in which direction(s).)
The events that would affect the equilibrium price and quantity of new textbooks include changes in production costs, shifts in student enrollment, changes in government policies etc.
How do these events impact the equilibrium price and quantity?The changes in production costs will shift the supply curve of new textbooks. If production costs increase, the supply curve would shift to the left resulting in decrease in the equilibrium quantity and an increase in the equilibrium price.
But if production costs decrease, the supply curve would shift to the right leading to an increase in the equilibrium quantity and a decrease in the equilibrium price of new textbooks.
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Which of the following qualitative considerations may impact capital investment analysis? a.Manufacturing productivity b.Manufacturing flexibility c.Manufacturing control of product quality d.All of these choices are correct.
Answer:
What I think it's C if it's not I probably think it's gonna be D
The qualitative considerations that impact capital investment analysis are the manufacturing productivity, flexibility, and control of product quality. Option d is correct.
What is the capital investment analysis?Companies and government organizations utilize capital investment analysis as part of their budgeting process to determine the potential profitability of a long-term investment, called the capital investment analysis.
Long-term investments, such as equipment, machinery, or real estate, are evaluated using capital investment analysis.
There are certain qualitative considerations, that impact the capital investment analysis like the manufacturing productivity, flexibility, and control of product quality.
Therefore, option D is correct.
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Estate has an ROI of 16% based on revenues of $400,000. the residual income is $14,000 and the investment turnover is 2. what is the hurdle rate? With Explanation
If Estate has an ROI of 16% based on revenues of $400,000. the residual income is $14,000 and the investment turnover is 2. The hurdle rate is 9%.
How to find hurdle rate?First step is to find the investment turnover using this formula
Investment turnover=Sales/invested capital
Investment turnover = ($14,000 / $400,000) × 2
Investment turnover = 0.035 × 2
Investment turnover =0.07
Second step is to find the hurdle rate using this formula
Hurdle rate = ROI - Investment turnover
Hurdle rate = 0.16 - 0.07
Hurdle rate = 0.09× 100
Hurdle rate = 9%
Therefore the hurdle rate is 9%.
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what did economic liberalism stand for
Answer:
Economic liberalism is a political and economic philosophy based on strong support for a market economy and private property in the means of production. Historically, economic liberalism arose in response to mercantilism and feudalism.
Explanation:
Economic liberalism is most often associated with support for free markets and private ownership of capital assets. It contrasts with protectionism because of its support for free trade and open markets. Historically, economic liberalism arose in response to mercantilism and feudalism. Today, economic liberalism is also generally considered to be opposed to non-capitalist economic systems, such as socialism and planned economies.
On January 1, 2017, Doone Corporation acquired 70 percent of the outstanding voting stock of Rockne Company for $378,000 consideration. At the acquisition date, the fair value of the 30 percent noncontrolling interest was $162,000 and Rockne's assets and liabilities had a collective net fair value of $540,000. Doone uses the equity method in its internal records to account for its investment in Rockne. Rockne reports net income of $160,000 in 2018. Since being acquired, Rockne has regularly supplied inventory to Doone at 25 percent more than cost. Sales to Doone amounted to $220,000 in 2017 and $320,000 in 2018. Approximately 40 percent of the inventory purchased during any one year is not used until the following year.
Part A:
What is the noncontrolling interest's share of Rockne's 2018 income?
Noncontrolling interest's share
Part B:
Prepare Doone's 2018 consolidation entries required by the intra-entity inventory transfers:(Prepare entry *G, TI, and G)
Answer:
Answer is explained in the explanation section below.
Explanation:
Solution:
Part A: First of all, we need to perform the conversion to gross profit rate as follows:
Conversion to Gross Profit Rate = 25% / 125%
Conversion to Gross Profit Rate = 20%
Non Controlling Interest's Share of Subsidiary Income
Reported income in 2018 = $160000
Add : 2017 Intra Company gross Profit Realized in 2018
($220000*40%*20%) = $17600
Less : Deferred Intra Company Gross Profit for 2018
($320000*40%*20%) = $25600
2018 Subsidiary Realized Income = $152000
Outside Ownership Percentage = 30%
Non Controlling Interest's Share of Subsidiary Income = $45600
Part B: Journal Entries:
Date: Dec. 31:
Particulars Debit Credit
Retained Earnings A/c Dr. 17600
To Cost of Goods Sold 17600
Sales A/c Dr. 320000
To Cost of Goods Sold 320000
Cost of Goods Sold A/c Dr. 25600
To Inventory 25600
Total 363200 363200
What is the executive branch mainly responsible for?
To executive and uphold the laws passed by Congress, the President appoints the heads of all executive branches of government, including the Cabinet. In an emergency, the vice president is capable of acting as president.
The President, his or her advisors, and other departments and organisations make up the executive branch. The duty of this branch includes upholding the law. The executive branch is made up of the organisations and agencies listed below: Bills are approved or rejected by the President's Executive Office (White House). represent our country when interacting with other nations. enforce the legislation passed by the Congress.
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SINGAPORE - Singtel will be implementing a wage freeze across the company, this year - except for operational and support staff - as part of a cost-cutting exercise by Singapore's largest
Group chief executive Chua Sock Koong said in a note to employees that the company
needed to brace itself for uncertainty because of the coronavirus outbreak and the weak
business sentiment.
Ms Chua said: “The management committee and I will each contribute at least half a month’s pay (to the Singtel Touching Lives Fund) while top management has been strongly urged to
make voluntary contributions of a quarter’s month’s pay.” She encouraged staff to give as well, adding that the company will match staff contributions dollar-to-dollar before directing the donations to the Community Chest’s Courage Fund and other beneficiaries working to fight the fall-out from the virus outbreak.
(a) Describe the THREE principles of Kant’s theory. (15 marks)
(b) Apply Kant’s theory to determine if the actions taken by Singtel CEO are considered ethical or not. (15 marks)
The three principles of Kant’s theory are the fact that the Transcendental Dialectic are known to be the soul, the world and God. The unique thing about the above ideas of reason is due to the fact that the reason is led by using the structure that posit objects which are said to be corresponding to those ideas.
When you Aapply Kant’s theory to determine if the actions taken by Singtel CEO, one is able to see that the motive (or means), and not consequence (or end), of an action is one that tells more on its moral value and thus it is ethical.
What are Kant's principles?Kant's moral philosophy is known to be one that is seen to be of the deontological normative theory.
It is one where he was said to have rejected the utilitarian idea which states that the rightness of an action is seen to be as a result of a function of how plentiful its outcome is.
Therefore, The three principles of Kant’s theory are the fact that the Transcendental Dialectic are known to be the soul, the world and God. The unique thing about the above ideas of reason is due to the fact that the reason is led by using the structure that posit objects which are said to be corresponding to those ideas.
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Which of the following statements regarding public speaking is the most accurate?
1. Language theories (general semantics) tell us that meanings are in words themselves, not in the interpretation of those words.
2. The language spoken by the greatest number of people on the planet is English.
3. Spoken language includes more personal pronouns and more expressive, emotional, colloquial, slang, and nonstandard words.
4. Language is simply something we use; it is not part of who we are or how we think.
Answer:
it's 1 because the language theories tell us how we are supposed to use the proper form of words in speaking
operations management course concept
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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In early January, Burger Mania acquired 100% of the common stock of the Crispy Taco restaurant chain. The purchase price allocation included the following items: $7 million, patent; $5 million, trademark considered to have an indefinite useful life; and $9 million, goodwill. Burger Mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life.
Required:
What is the total amount of amortization expense that would appear in Burger Mania's income statement for the first year ended December 31 related to these items?
Answer:
$1,400,000 per year
Explanation:
DATA
Patent = 7 million with 5years useful life
Trademark = 5 million with an indefinite life
Goodwill = 9million
Amortization =?
Solution
Amortization of patent = Patent Value/ Useful life
Amortization of patent = $7,000,000/5
Amortization of patent = $1,400,000 per year
NOTE: Trademark and goodwill will not be amortized as they have an indefinite useful life. Both Intangible assets will be tested for impairment instead.
Nakia is trying to decide how to structure her business. She knows that it is important for her to make money selling hair care products to people who care about the environment. Which of the following would you recommend based on her business goals?
a) Make hair products that hurt the environment, and donate any extra money to non-profits
b) Write a mission statement that says her hair care line is sustainable, even if it isn’t
c) Start a non-profit organization that helps the environment
d) Sell a sustainable hair care product and work to be certified as a benefit-corporation
Based on her business goals it is recommended that she should Sell a sustainable hair care product and work to be certified as a benefit corporation. Thus the correct option is D.
What is Business?An economic activity that involves the exchange of goods and services with teh help of buying and selling with the objective to gain some profit is called Business.
In the given case it is indicated that Nakia is trying to structure her business by selling hair care products to people who care about the environment which helps in making revenue.
In order to generate more revenue and better customer satisfaction she should sell a sustainable hair care product that does not cause any harm to the environment and succeed in the expectations of the customer.
Therefore, option D is appropriate.
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Allocation is the distribution of a good or service.
True
False
Answer:
True
Explanation:
Allocation the action or process of allocating or distributing something.
Answer:
It's True
Explanation:
On edge 2021
Amortization and Depletion Entries
Data related to the acquisition of timber rights and intangible assets during the current year ended December 31 are as follows:
Timber rights on a tract of land were purchased for $475,000 on February 22. The stand of timber is estimated at 2,500,000 board feet. During the current year, 700,000 board feet of timber were cut and sold.
On December 31, the company determined that $1,290,000 of goodwill was impaired.
Governmental and legal costs of $2,660,000 were incurred on April 3 in obtaining a patent with an estimated economic life of 10 years. Amortization is to be for three-fourths of a year.
Given :
Timber rights were purchased for = $1,600,000
The stand of the timber is = 5,000,000 board feet
Goodwill impaired by the company = $3,750,000
Timber cut and sold during current year = 1,100,000 board feet
Government legal cost = $6,600,000
Therefore the amount of amortization , depletion and the impairment of the current year for each foregoing item are :
1.
Item Impairment, Amortization or the depletion
a). $ 352,000
b). $ 3,750,000
c). $ 412,500
2. Journalize the entries that required to record the depletion, amortization or the impairment of each of the items are :
a). The depletion expense = $ 352,000
Accumulated expense = $ 352,000
b). Loss from the impaired goodwill = $3,750,000
The goodwill = $3,750,000
c). Amortization expenses patent= $412500
Patent = $412500
The second issue you chose to address with Kenisha is the complexity of the product. The marketing department conducted numerous focus groups to gauge their reaction to the prototype, and the feedback from these focus groups revealed that customers perceived the product to be too complicated and not sufficiently user-friendly. Which of the following statements would be the best explanation for the rejection based on the focus groups' feedback that the product was too complex?
a. The good news is that you've put a lot of great features in the Radio-DRM. The bad news is that focus group customers thought that it was about as complicated as programming the Starship Enterprise. They don't want to spend hours adjusting dials and knobs; all they want to do is plug it in and set a few controls.
b. The customers in the focus groups thought this product is just too complicated! You're building a cruise ship when a simple rowboat will do. You and your team need to stop over- engineering.
c. The marketing department conducted several focus groups for this prototype, and it looks like there are some problems with its complexity. You need to fix these problems as soon as possible.
d. As you know, the marketing department conducted several focus groups for the prototype. Although there were features customers liked, much of the feedback from customers was that the Radio-DRM needs to be made simpler and more user-friendly.
Answer:
ushdusbs
Explanation:
espero te si ha bro zorry
Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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___ social classes do not tend to be among Whole Foods customers because of the higher prices for products.
a. lower
b. Middle
c. Upper
d. Capitalist
Answer:
A
Explanation:
Lower class can not usually afford store like this. Hence why they are called lower class
How is the Sole Trading business financed?
Answer:
Sources of Finance for a Sole Trader
The sole trader can invest his own savings into his business for expansion. Retained Profit. A profitable business generates a positive net income every year. Sale of Assets.