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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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Help please!!

makkiz [27]

I think that’s true but I’m not sure

4 0

3 years ago

In a retail cash sales environment, which of the following controls is often absent?

JulijaS [17]

Answer:

The correct answer to the following question is option b) Separation of functions.

Explanation:

In a retail environment , the cash management process starts when a customer pays the cashier for the product or services he or she has purchased. The cashier then counts the cash in till drawer and then at end of the day cashier takes that cash to the third party who can be either manager or owner or a supervisor. Then cashier would receive a receipt against the cash for till drawer.

Now supervisor would collect cash from all the cashier and prepare the cash to be deposited in bank. So from this process it is quite clear that here there is separation of functions here and while all other options given in the question are present in the process.

6 0

3 years ago

Flint Corporation commenced operations in early 2020. The corporation incurred $58,500 of costs such as fees to underwriters, le

Alekssandra [29.7K]

Answer and Explanation:

The journal entry is shown below:

1. Organization expense Dr $58,500

To cash $58,500

(Being organization expense is recorded)

Here organization expense is debited as it increased the expenses and credited the cash as it decreased the assets. Also the assets and expenses contains normal debit balance

2. No entry is required as the amortization is recorded for only intangible assets

6 0

3 years ago

An all-equity firm is considering the following projects:

lakkis [162]

Answer:

A. Compared with the firm's 12 percent cost of capital, Project W has a_______expected return.

a. lower

1. Project X has a______expected return.

b. lower

2. Project Y has a_______expected return

b. higher

3. Project Z has a______expected return.

a. higher

B. Project W should be_______.

b. rejected

1. Project X should be______.

b. rejected

2. Project Y should be_______.

a. accepted

3. Project Z should be_______.

a. accepted

c. If the firm's overall cost of capital were used as a hurdle rate, Project W would be_______.

c. correctly rejected

1. Project X would be______.

c. correctly rejected

2. Project Y would be_______.

b. correctly accepted

3. Project Z would be________.

b. correctly rejected

Explanation:

Project Beta IRR <u> expected return</u>

W .62 9.2% = 5% + (0.62 x 7%) = 9.34%

X .77 10.3 % = 5% + (0.77 x 7%) = 10.39%

Y 1.27 14.1 % = 5% + (1.27 x 7%) = 13.89%

Z 1.42 17.0% = 5% + (1.42 x 7%) = 14.94%

8 0

3 years ago

Which if the following is not form of mass communication

leva [86]

Answer:

out of given option, job interview is not the form of job interview.

Explanation:

out of given option, job interview is not the form of job interview.

Mass communication is a method of sharing information with large parts of population via media

we know that mas communication is the communication which include mass either in the form listener or speaker.

if we take rest three option we will find that all three types are include mass.

5 0

3 years ago

Read 2 more answers