1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zhuklara [117]
1 year ago
11

If firms are producing at a profit-maximizing level of output where the price is less than the average total cost:_________

Business
1 answer:
Travka [436]1 year ago
5 0

If firms are producing at a profit-maximizing level of output where the price is less than the average total cost <u>economic</u><u> profits must be zero</u>.

Profit-maximizing is the process of determining the most effective way to maximize earnings, either in the short or long term. It primarily focuses on identifying the price and output level that generates the greatest profit. It is a crucial premise that supported the development of numerous economic theories, including the pricing and production theories.

Profit maximizing is the sole goal of organizations, and conventional theories are built around this idea. It is also viewed as the organization's most rational and fruitful business goal. It aids in determining corporate organization behavior and the impact of various economic conditions.

To know more about profit-maximizing

brainly.com/question/3521517

#SPJ4

You might be interested in
Answer these questions picture above.<br><br>​
ExtremeBDS [4]

1 increasing audience

2 payment methods and or growing page

3 yes help others and myself

4 insta due to its growing capacity

7 0
2 years ago
WeeBee Company has three assembly labor dassifications: 5-1, S-2, and S-3. The three dassifications are paid $16, $19, and $22 p
liq [111]

Answer:

b.use the S-2 employee

Explanation:

Calculation for the the most cost-effective solution

S-1 S-2 S-3

Time for 1 unit (in minutes) 30 24 21

Units in 1 hour 2 2.5 2.857142857

(60/30= 2)

(60/24=2.5)

(60/21=2.857142857)

Wages per hour $ 16.00 $ 19.00 $ 22.00

Wages per/ unit $ 8.00 $7.60 7.70

($ 16.00/2=$8)

($ 19.00/2.5=$ 7.60)

($ 22.00/2.857142857=$ 7.70)

Ranking

S-1 $ 8.00 III

S-2. $7.60 I

S-3 7.70 II

Therefore based on the above Calculation the most cost-effective solution will be to use the S-2 employee

4 0
2 years ago
Help plz , needs to be turned in
lyudmila [28]

Answer:that should be based on your class and teacher try checking your syllabus

Explanation:

6 0
3 years ago
The majority of problems Best Buy was facing have been brought about by _________________force.
babunello [35]

Answer:

External forces

Explanation:

Best buy is an electronics retailer that aspires to improve customer's lives through technology. They have over 175+ store locations.

However they have been facing challenges in the market with other playera like Circuit City, CompUSA and RadioShack not surviving.

The challenges faced by Best Buy is mostly as a result of external forces in the form of competition with Walmart and Amazon. Resulting in the loss of their share value.

Walmart and Amazon have been able to capture a large part of the electronics market.

Other problems like leadership scandals and inefficient processes also contributed to their problems.

4 0
3 years ago
For a perfectly competitive firm, which of the following is not true at profit maximization?a. Total revenue minus total cost is
topjm [15]

Answer: Option (d) is correct.

Explanation:

Correct option: Market price is greater than marginal cost.

In a perfectly competitive market, there are large number of buyers and sellers. So, price is determined by the market forces.

At a point of profit maximization, price is equal to the marginal cost and we have to maximize the difference of the total revenue and total cost. It was not seen in a perfectly competitive market that the price is above the marginal cost at a profit maximizing point.

Therefore, option (d) is not true.

5 0
3 years ago
Other questions:
  • A researcher is interested in studying the budgeting of money within a police department in a mid-sized American city. She gains
    8·2 answers
  • PC​ Solutions, Inc. provides services to corporate and individual customers. During the month of​ June, the corporate business s
    6·1 answer
  • Which of the following questions must be asked about the use of resources
    11·1 answer
  • One advantage of using the internet as an advertising medium is
    5·1 answer
  • When the cost method is used to account for a stock investment the carrying value of the investment is affected by
    8·1 answer
  • g The "monetary base" is simply: a. the total of all currency in circulation, outside banks b. the total vault cash held among a
    6·1 answer
  • On January 1, 2018, NFB Visual Aids issued $800,000 of its 20-year, 6% bonds. The bonds were priced to yield 8%. Interest is pay
    8·1 answer
  • Spencer Supply’s stock is currently selling for $60 a share. The firm is expected to earn $5.40 per share this year and to pay a
    7·1 answer
  • When VCRs were introduced in the​ mid-1970s, they were priced at​ $900 and above. As more competitors and new technology entered
    12·2 answers
  • Johan is a 25-year-old, single taxpayer with modified adjusted gross income of $18,500. During Tax Year 2020, he made a $2,000 c
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!