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1 year ago

Refer to the short-run data in the accompanying graph. The profit-maximizing output for this firm is...

Business

1 answer:

Over [174]1 year ago

4 0

The profit-maximizing output for this firm, given the short - run data on the graph, is 320 units.

<h3>How to find the profit - maximizing output?</h3>

The profit-maximizing output for a firm is the point where the marginal revenue received is equal to the marginal cost incurred. This means that every additional unit sold both cost the same to produce, as the revenue it brings in.

The point where the marginal revenue and the marginal cost are equal to each other is the lowest point of the Total cost curve This point on the graph is 320 units so this is the profit-maximizing output.

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3 years ago

In the _______ step of cluster analysis, we use descriptor variables to explain how the subsamples differ and thereby can derive

hjlf

Answer:

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3 years ago

If a central bank wishes to reduce inflation, it should announce its intentions and follow through with them, thereby using ____

Mice21 [21]

Answer:

C. credible

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3 years ago

Paying an amount on account reduces:_______

hichkok12 [17]

Option (d) the amount owed on a liability is correct.

Paying an amount on account reduces the amount owed on a liability.

<h3>What is liability?</h3>

A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.
There are various ways to define a liability's duration. The average duration (or mean term) of the liability is what is typically meant by the term "duration of liability" in actuarial valuation. In other terms, it refers to the typical rate of a liability's repayment.
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2 years ago