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lara31 [8.8K]
3 years ago
11

According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at

the lowest possible cost, then it will A. do so regardless of what type of competition exists in a market. B. take a long-run perspective on costs, when such costs cannot be adjusted. C. take a short-run perspective on labor costs which cannot be immediately changed. D. breakdown its cost structure according to short-run adjustments.
Business
1 answer:
hoa [83]3 years ago
5 0

Answer:

A. Do so regardless of what type of competition exists in a market.

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A key use of a customer survey used in the operations consulting phase of problem definition is customer loyalty analysis. True
Marina86 [1]

Answer: True

Explanation: The operations consulting is the evaluation of the operational situation of the company, this helps us to improve the processes. If a customer survey is carried out, for example, regarding the quality of the products and the result is that raw materials or prices must be modified, if corrective measures are made, it is possible that customer satisfaction increases and therefore the fidelity.

8 0
3 years ago
In 2010, bad freezes destroyed a large portion of Florida's grapefruit crop. Explain what happened in the grapefruit market usin
lutik1710 [3]

Answer: Please refer to Explanation

Explanation:

The Grapefruit market will experience an acute shortage of grapefruits because the bad freeze destroyed most of the crop that was going to be supplied.

This shortage in supply will force the price up and therefore lead to a drop in Demand as a lot of people will decide that they can't spend the new amount.

This scenario would lead to an increase in the Equilibrium price because the supply curve will be forced to the left and the new intersect with the Supply curve will be higher. The Equilibrium Quantity will also reduce because of the shortage that is being experienced as a result of a large portion of the grapefruits being destroyed.

In the graph I attached, S2 refers to the supply curve AFTER the bad freezes. Notice how the price went up to P2 and the Quantity dropped to Q2.

If you need any clarification do comment. Cheers.

8 0
3 years ago
Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a
SVETLANKA909090 [29]

Answer:

Standard unit materials cost per pound=$1.11 per pound

Explanation:

The standard material cost for a standard batch = Total material cost / standard qty (in pounds)

Total material cost = (3,800× $0.46) + (210×  2.80) (84×2.60)=$2554.4

Total standard quantity  = 2,300 pounds

Standard unit materials cost per pound =$2554.4/ 2,300 pounds=$1.11 per pounds

standard unit materials cost per pound=$1.11 per pound

8 0
3 years ago
The straight-line depreciation method and the double-declining-balance depreciation method: A. Produce the same depreciation exp
Artemon [7]

The relationship between the straight-line and double-declining-balance method is that they D. Produce the same total depreciation over an asset's useful life.

<h3>How are the straight-line and double-declining-balance methods related?</h3>

While they do not produce the same depreciation every year, they will eventually depreciate an asset in the same way overtime.

What this means is that both methods will depreciate an asset by the same amount at the end of the asset's life. However, the depreciation amounts will vary by method on an annual basis.

In conclusion, option D is correct.

Find out more on depreciation methods at brainly.com/question/26948130.

6 0
2 years ago
In which ways did munsterberg suggest that psychologists could contribute to industry?
kenny6666 [7]

Munsterberg suggest that psychologists could contribute to industry in the ways as listed below:

  • Identifying people suitable for a specific job
  • Identifying the psychological conditions that will bring out the best from a worker
  • identifying optimum management strategies that will unite the employees to the organization's goal

<h3>Who is a psychologist?</h3>

A psychologist refers to an expert in psychology where psychology studies the mental health. This discipline deals greatly in how human behaves and the reason for such behavior.

Psychologists play a greater impact in making people act in a certain way since they can guess intelligently on the expected behavior of an individual under a given circumstance. This abilities of psychologists enabled Munsterberg to make the suggestions listed

Read more on psychology here: brainly.com/question/12011520

#SPJ1

4 0
2 years ago
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