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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

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The right answer for the question that is being asked and shown above is that: "TRUE." <span>Convertible preferred stock may be exchanged, at the corporation's option, for a specified number of shares of common stock. This is true as far as the convertible preferred stock is concerned.</span>
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What is the rationale behind the ceiling when applying the lower-of-cost-or-market method to inventory?
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Answer:

The correct answer is letter "D": Prevents overstatement of the value of obsolete or damaged inventories.

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2 years ago
The opportunity cost of producing a bicycle refers to Group of answer choices the marginal cost of the last bicycle produced. th
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Answer:

the value of the goods that were given up to produce the bicycle.

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Opportunity cost is the cost of the next best option forgone when one option is chosen over other alternatives.

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3 years ago
Check My Work Mack is injured by a tractor manufactured by WestCo. In order to defend against a negligence claim based upon the
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Option D Showing the absence of privity of contract between it and the consumer.

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The duty of care that the company owes towards its product's users includes using appropriate production process so that the customer will not be injured, placing the caution and warning labels so that the person can save him from the injury and the company has used components that will not harm the user of the product.

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