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1 year ago

The objective of profit maximization should be constrained by the requirement that profits be achieved through.

1 answer:

4 0

The objective of profit maximization should be constrained by the requirement that profits be achieved through both legal and ethical means.

<h3>What is meant by profit maximization?</h3>

This is the term in Economics that the producer uses to get the most output that they can get based on the quantity of input that they have used in a business venture. When people go into business what they would like is to be able to get the best output that they can based on the quantity of investment that they have made in the venture.

This can be done in the long run as well as the short run by the profit maximizing firm. Hence we can say that The objective of profit maximization should be constrained by the requirement that profits be achieved through both legal and ethical means.

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Federal spending that is authorized by permanent laws and does not go through the annual appropriation process is called _____ s

Over [174]

Federal spending that is authorized by permanent laws and does not go through the annual appropriation process is called mandatory spending.

<h3>What does mandatory spending signify?</h3>

Government spending that is subject to eligibility standards established by Congress is known as mandatory spending. Social Security, Medicare, and unemployment insurance are a few examples. All spending that does not occur through appropriations legislation is referred to as mandatory spending. Spending that is necessary includes contributions to entitlement systems like Social Security and Medicare as well as required interest payments on the national debt. Government expenses for legally required programs are considered mandatory spending. Major fiscal trends are heavily influenced by mandatory spending. Government income decrease and spending increases during economic downturns as more people become eligible for required programs like Income Security and Unemployment Insurance. Deficits thus grow or surpluses decline as a result.

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8 0

8 months ago

To make sure that a manufacturing process meets the acceptable standards and procedures is quality

Harlamova29_29 [7]

Answer:

ASSURANCE should go in the blank.

8 0

2 years ago

Assume that Corn Co. sold 7,500 units of Product A and 2,500 units of Product B during the past year. The unit contribution marg

myrzilka [38]

Answer:

Break-even point (units)= 8,464 units

Explanation:

Giving the following information:

Assume that Corn Co. sold 7,500 units of Product A and 2,500 units of Product B during the past year. The unit contribution margins for Products A and B are $33 and $56, respectively. Corn has fixed costs of $328,000.

First, we need to calculate the proportion of sales:

Product A= 7,500/10,000= 0.75

Product B= 2,500/10,000= 0.25

Now, using the following formula, we can determine the break-even point in units:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Break-even point (units)= 328,000/ (0.75*33 + 0.25*56)

Break-even point (units)= 328,000/38.75

Break-even point (units)= 8,464 units

8 0

2 years ago

Written notice of an Investigative Report must be given within ______ advance notice before the report beings.

Tpy6a [65]

Answer:

3 days.

Explanation:

An Investigative report can be defined as a report prepared by a forensic expert or professional in the unraveling of a crime or issue.

Written notice of an Investigative Report must be given within 3 days advance notice before the report beings.

Basically, an investigative report is required or expected to give an insured person not more than 3 days advance written notice before the report will begin.

3 0

2 years ago

A firm's marginal product of labor is 4 and its marginal product of capital is 5. If the firm adds one unit of labor but does n

marissa [1.9K]

Answer: C. use 0.8 fewer units of capital.

Explanation:

The Marginal Rate of Technical Substitution (MRTS) shows how much you can decrease capital or labor by in order to keep production constant if you increase either capital or labor.

It is calculated by the formula:

= Marginal product of labor / Marginal product of capital

= 4 / 5

= 0.8

<em>The firm should use 0.8 fewer units of capital in order to maintain the same production level. </em>

7 0

2 years ago