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Vikentia [17]
3 years ago
13

A firm facing a price of $15 in a perfectly competitive market decides to produce 100 widgets. If its marginal cost of producing

the last widget is $12 and it is seeking to maximize profit, the firm should
Business
1 answer:
Juliette [100K]3 years ago
4 0

Answer:

Produce more widgets.

Explanation:

Given the price charge by the competitive firm is = $15

The unit produced = 100

The marginal cost of the last unit =  $12

The firm should produce more widget because in the competitive market the firm charge the price that is equal to MC. Moreover, in the given question the price is greater than the marginal cost. Therefore, the firm should produce more widgets in order to reach the condition “P=MC”.

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Oucation 6 of 25
Vladimir79 [104]

Answer:

A. How are goods and services to be distributed?

Explanation:

After the manufacturing of the goods, the process of distribution proceeds. In this process, the goods and services produced are distributed from the producers to the consumers. Transportation, packaging, storage, and advertising are some of the processes that lie between the production and distribution of the products.

According to the given options, the basic question to be asked related to the distribution of the produced goods is option A. All the other three questions belongs to the production stage.

4 0
3 years ago
A manufacturing company producing medical devices reported $59 million in sales over the last year. At the end of the same year,
kaheart [24]

Answer:

The inventory TO is 3.6875

Explanation:

\frac{Sales}{Average Inventory} = $Inventory Turnover

​where:

$$Average Inventory=(Beginning Inventory + Ending Inventory)/2

Considering there is not sufficient information to calculate the begining inventory <u>we are going to work only with the ending inventory </u>so:

\frac{59,000,000}{16,000,000} = 3.6875

The inventory TO is 3.6875 This means the company sales their inventory almost 4 times per year.

4 0
4 years ago
_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Er
RoseWind [281]

Answer:

Workforce diversity

Explanation:

Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.

Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.

4 0
3 years ago
Help me to answer thi Q! Thanks!
cestrela7 [59]
Divide the numbers on the first graph by 1’s and you get your answer
7 0
3 years ago
If you've been a victim of identity theft, what should you do after contacting the company that reported the suspicious charge a
katrin [286]
You should always review your credit card statements/reports after being a victim of identity theft, this way it will tell you how much was stolen and how much your bank will need to cover.
7 0
3 years ago
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