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Lelechka [254]
1 year ago
14

At its current level of output, a firm’s total revenue is greater than its total variable cost but less than its total cost. if

the firm is producing at the point where marginal revenue is equal to marginal cost, what should the firm do to maximize profit in the short run?
SAT
1 answer:
const2013 [10]1 year ago
7 0

In order to maximize profit in the short run; Company is to continue operating at that output level in the short term, since total revenue will cover all of the firm's variable costs and some of its fixed costs.

<h3>How to maximize profit?</h3>

Every firm in the market operates with the primary aim of making profit, which is different from the government that has a primary aim of creating welfare for the people. Thus, a profit-maximizing level of output is determined at the point where marginal revenue (MR) equals marginal cost (MC).

Finally, In order to maximize profit in the short run what the company should do is to continue operating at that output level in the short term, since total revenue will cover all of the firm's variable costs and some of its fixed costs.

Read more about Maximization of Profit at; brainly.com/question/13464288

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Answer:

Explanation:

Maria will pay an extra amount of $924 to &951  to buy the television, rather than waiting until she saves up enough money to pay cash for it.

If Maria saves her money and pays cash, she can own a refrigerator in 4 months.

There are 52.3 weeks in a year, and depending on when she buys it, she can manage to make 52 or 53 payments that would make a total of $1404  a year or $1431  a year, if paying cash is $480, the difference would be either $924 or $951.

The refrigerator costs $800 and with the budget, she has a month, she can buy one after 4 months.

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Adam can clean a room in 3 hours. If his sister Maria helps, they can clean it in 225 hours. How long will it take Maria to do the job alone?
2 2 = 12 Together time, 2 2 , needs to be converted to fraction 555
Adan:3,Maria:x,Total: 5 Clearlystatetimesforeachandtotal,usingxforMaria 12
1+1= 5 Usingreciprocals,addtheindividualtimesgivestotal 3 x 12
1

1(12x) + 1(12x) = 5(12x) 3 x 12
4x+12=5x −4x −4x 12=x It takes Maria 12 hours
Multiply each term by LCD of 12x
Reduce each fraction
Move variables to one side, subtracting 4x Our solution for x



Answer is - 12 hours
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