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sashaice [31]
2 years ago
10

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

Business
1 answer:
Butoxors [25]2 years ago
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.

to learn more about Marginal Revenue click below

brainly.com/question/13563292

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To be a team, a group must be composed of members with complementary skills.T/F
AysviL [449]

True, because you don't everyone good at the same thing. For example, if you want to make a car, you don't want everyone to just know how to build doors.

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2 years ago
A company is creating three new divisions and seven managers are eligible to be appointed head of a division. How many different
Orlov [11]
4 ways, hope it helps buddy
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2 years ago
Ceteris paribus, when the price of tuition increases, fewer people will choose to go to college. What do we mean by ceteris pari
-Dominant- [34]

Answer:

Option "D" is most suitable answer for the question.

Explanation:

Ceteris paribus involves keeping all other variables stable. So in our situation, because we recognize that a rise in tuition fees could result in fewer people deciding to join college, we believe that other causes that we don't realize might affect fewer people choosing to join university will stay.

Therefore Option "D" is the most suitable option for the above type of problem.

8 0
3 years ago
The Petit Chef Co. has 7 percent coupon bonds on the market with 9 years left to maturity. The bonds make annual payments and ha
uysha [10]

Answer:

The yield to maturity is 6.45%.

Explanation:

Yield to Maturity (YTM) is the long term yield on the bond based on the assumption that the bond is held till maturity. The Yield to Maturity is calculated using the formula as shown in the attachment,

The coupon payment on bonds is = 1000 * 0.07 = 70

YTM = ( 70 + (1000 - 1038.5)/9 )  /  ((1000 + 1038.5) / 2)

YTM = 0.06448 or 6.448% rounded off to 6.45%

6 0
3 years ago
The risk-free rate of return is 2% and the expected return on the market portfolio is 8%. Oklahoma Oilco has a beta of 2.0 and a
solmaris [256]

Answer:

The multiple choices are as follows:

18.6%

14.0%

22.8%

25.0%

The second option is the correct answer,14%

Explanation:

The capital asset pricing asset model formula for computing a firm's cost of equity according to Miller and Modgiliani is given below:

Ke=Rf+Beta*(Mr-Rf)

Rf is the risk free of 2% which is the return expected from zero risk investment such as government treasury bills.

Beta is how risky an investment in a company is compared to similar businesses operating in similar business sector of the company given as 2.0

Mr is the expected return on market portfolio which 8%

Ke=2%+2*(8%-2%)

Ke=2%+2*(6%)

Ke=2%+12%=14%

3 0
2 years ago
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