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2 years ago

To maximize profits, a firm should continue to increase production of a good until?

1 answer:

7 0

To maximize profits, a firm should continue to increase production of a good until marginal revenue is equal to marginal cost.

According to the cost-benefit analysis, a company should continue to increase production until marginal revenue is equal to marginal cost. A manager maximizes profit when the value of the last unit of product (marginal revenue) equals the cost of producing the last unit of production (marginal cost)

What Is Marginal Revenue?

Marginal revenue is the increase in revenue that results from the sale of one additional unit of output.

What Is Marginal Cost?

In economics, the marginal cost is the change in total production cost that comes from making or producing one additional unit.

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Jenae is able to purchase a different brand of coffee for half the price from a new supplier. She anticipated that her co-worker

mr_godi [17]

Answer:

blinded

Explanation:

Since in the question it is mentioned that Jenae is able to acquire the different kind of coffee brand in half price and she knows that the coworkers would be object regarding the same but at the time of taste test the coworkers rejected the new brand so this scenario represent that the taste test was not blinded as they didnt keep the participants of not awaring with regard the brand what they were taking

Therefore the above represent the answer

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3 years ago

Here's a question from the text aids. in which countries is the tip usually added to the bill?

Sauron [17]

The answer is England and Canada. They have the tip included in the bill.

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3 years ago

A country that trades internationally imports a good at a price ______ than the price of the good in the domestic market before

Digiron [165]

Answer:

C. lower; higher

Explanation:

A country that trades internationally, imports a good at a price lower than what domestic producers could produce the good for before the country began to trade internationally and exports a good at a price higher than what domestic producers could sell a good for before the country began to trade internationally.

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3 years ago

Prepare the journal entry to record Mills’ investment in the bonds on July 1, 2018. Prepare the journal entries by Mills to reco

Damm [24]

Answer:

the question is incomplete, so I looked for a similar one and found the following:

"Mills Corporation acquired as a long-term investment $240 million of 5% bonds, dated July 1, on July 1, 2018. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 3% for bonds of similar risk and maturity. Mills paid $280.0 million for the bonds. The company will receive interest semiannually on June 30 and December 31."

At what amount will Mills report its investment in the December 31, 2018, balance sheet?

July 1, 2018, bonds are purchased at a premium

Dr Investment in bonds 240,000,000

Dr Premium on investment in bonds 40,000,000

Cr Cash 280,000,000

December 31, 2018, first coupon payment

Dr Cash 12,000,000

Cr Interest revenue 8,400,000

Cr Premium on investment in bonds 3,600,000

The carrying value of the investment in bonds account = $280,000,000 - $3,600,000 = $276,4000,000 or $276.4 million

Suppose Moody’s bond rating agency upgraded the risk rating of the bonds, and Mills decided to sell the investment on January 2, 2019, for $290 million.

January 2, 2019

Dr Cash 290,000,000

Cr Investment in bonds 240,000,000

Cr Premium on investment in bonds 36,400,000

Cr Gain on sale of investments 13,600,000

Explanation:

amortization of bond premium using the effective interest method on first coupon received = ($240,000,000 x 5%) - ($280,000,000 x 3%) = $12,000,000 - $8,400,000 = $3,600,000

Premium on investment in bonds = $40,000,000 - $3,600,000 = $36,400,000

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4 years ago

A consultancy firm that provides a wide range of services relating to tax payments and tax law is known for performing these ser

Morgarella [4.7K]

Answer:

The correct answer is d. reliability .

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3 years ago