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4 years ago

A profit maximizing firm in a competitive industry should ________ when marginal costs are falling.

Business

1 answer:

garri49 [273]4 years ago

5 0

Answer: Option (d) is correct.

Explanation:

Correct option: Raise output until marginal costs are equal to marginal revenue.

When the firm is profit maximizing and operates in a competitive environment, it should raise output until the point where marginal costs of firm is equal to the marginal revenue if marginal costs are falling.

As this will cover firm's more costs from producing more output. At a point where the marginal cost is equal to the marginal revenue, firm is maximizing its profit.

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You have hired an international agent and are ramping up production in your U.S. facility to keep up with the orders the agent h

Anna11 [10]

Answer:

B. Place the order now.

Explanation:

Why wait until the exchange rate changes? When is that going to be? The best reaction would be to place the order when it is needed and not to speculate on the exchange rate. Waiting until the exchange rate changes against Japan makes the prices of goods and services cheaper for foreign purchasers. But, the wait could be endless.

4 0

3 years ago

Select the form of diversity that is best described by the following example. After working with his team for a while, Patrick r

Bezzdna [24]

Answer:

Variety diversity

Explanation:

It is correct to state that the form of diversity found in the example above is the diversity of variety, which corresponds to the inclusion of people of different cultures, genders, races, ages, etc., in a workplace.

This diversity can be very positive and add a lot to the efficiency of the team, which with a greater variety of functional backgrounds and work experiences can contribute with their experiences and knowledge.

7 0

3 years ago

Suppose the price of apples doubles to $3.00 between year 1 and year 2 but that nothing else in the economy changes Instructions

Bond [772]

Answer:

1. Suppose Quantity of Apple sold in year one & two = 100Kg.

Price in year 1 = $1.50 per kg

Price in year 2 = $3.00 per kg

Nominal GDP 1 = Price * Quantity = 1.50*100 = $150

Nominal GDP year 2 = 3*100 = $300

Change in Nominal GDP = $150

Percentage change in Nominal GDP = 100%

b. Real GDP of year 1 = Nominal GDP of year 1 = $150

Real GDP of year 2 = 1.50*100 = $150

Change in Real GDP = 0%

2. Quantity of Bread = 100 units price = $ 1 per unit, year 2 price = $ 2 per units

a. Nominal GDP year 1 = 1*100+1.5*100 = $250

Nominal GDP year 2 = 2*100+3*100 = $500

Percentage change in Nominal GDP = 500-250/500 * 100 = 100%

b. Real GDP year 1 = $250

Real GDP year 2 = 1*100 + 1.5*100 = $250

Percentage change in Real GDP = 0%

6 0

3 years ago

$511,000 bond issue sold for $483,000. Therefore, the bonds: Multiple Choice Sold for the $511,000 face amount less $28,000 of a

Brrunno [24]

Answer: Sold at a discount because the market interest rate was higher than the stated rate. S

Explanation:

the bonds was Sold at a discount because the market interest rate was higher than the stated rate. This is as a result of the bonds issued which were at a discount having its market price way lower than its face value. Bonds tends to be sold at a discount when the market interest rate has exceeded the stated rate of the said bond.

6 0

3 years ago

Is decaf coffee as bad for you as regular coffee on my esophagus?

dalvyx [7]

Decaf coffee is bad for you but not as bad as regular coffee.

3 0

3 years ago