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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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A group of teens in your town meet and agree to charge a flat fee of five dollars per hour for babysitting. They charge the same

Nostrana [21]

Answer:

B. An oligopoly

Explanation:

An oligopoly is characterised by a few firms operating in an industry. The babysitters came together to set price in collusion. Collusion is a characteristic of an oligopoly.

Also the babysitters set the market price for their goods. This is a characteristic of an oligopoly.

A purely competitive industry is when there are many buyers and sellers of homogenous goods and services. Firms are price takers. They have no influence over the market price. Price is set by the forces of demand and supply.

A monopoly is when there is only one firm operating in an industry.

A monopolistic competition is when there are many buyers and sellers of differentiated goods. Firms set the market price of their good.

I hope my answer helps you

8 0

3 years ago

Read 2 more answers

An information system that provides relevant data to help businesspeople choose the appropriate course of action is called a(n _

castortr0y [4]

The answer is: "Decision support system (DSS)" .
________________________________________________

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3 years ago

Elizabeth is a chef and the kitchen manager in an upscale restaurant. she is very knowledgeable in both the culinary and restaur

allsm [11]

Because she possesses these technical skills, Elizabeth can be considered a <u>"knowledge"</u> worker.

A knowledge worker is any individual who works professionally at the errands of creating or utilizing knowledge. For instance, a knowledge laborer may be somebody who works at any of the assignments of arranging, obtaining, looking, breaking down, sorting out, putting away, programming, dispersing, advertising, or generally adding to the change and business of data and those (frequently similar individuals) who work at utilizing the information so created.

Knowledge work can be separated from different types of work by its accentuation on "non-schedule" critical thinking that requires a mix of concurrent and unique thinking. Yet in spite of the measure of research and writing on information work, there is no brief meaning of the term.

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3 years ago

An investor owns $8,000 of Adobe Systems stock, $9,000 of Dow Chemical, and $9,000 of Office Depot. What are the portfolio weigh

Grace [21]

Answer:

Adobe System

0.3077 ± 0.001

Dow Chemical

0.3462 ± 0.001

Office Depot

0.3462 ± 0.001

Explanation:

Calculation for the portfolio weights of each stock

First step is to calculate the Total portfolio

Total portfolio = $8,000 + $9,000 + $9,000

Total portfolio == $26,000

Last step is to calculate the portfolio weights of each stock

Adobe System weight = $8,000 / $26,000

Adobe System weight = 0.3077

Dow Chemical weight = $9,000 / $26,000

Dow Chemical weight = 0.3462

Office Depot weight = $9,000 / $26,000

Office Depot weight= 0.3462

Therefore the portfolio weights of each stock will be :

Adobe System

0.3077 ± 0.001

Dow Chemical

0.3462 ± 0.001

Office Depot

0.3462 ± 0.001

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3 years ago

A famous study that asked workers to rank a list of job related factors in order of what motivated them most was coneceived and

exis [7]

Answer:

The famous study which asked employees to rank a list of job related factors in order of what motivates them most was introduced and supervised by Federick Herzberg.

Explanation:

Federick Herzberg was an american psychologist ( clinical psychologist ) , who was know to be a great thinker of management and motivational theories. He was the one who introduced the concept of job enrichment and gave the two factory theory of job satisfaction ( also know as motivation - hygiene theory ) , according to which employees or people in general are influenced by two factors - motivation and hygiene.

Where if the hygiene factor is not present in the work environment than it can lower motivation and motivational factors are the ones which can increase an employees motivation.

3 0

3 years ago