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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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At the end of 2011, retained earnings for the bisk company was $3,050. revenue earned by the company in 2011 was $1,935, expense

Sliva [168]

<u>Calculation of retained earnings beginning balance:</u>

Retained earning beginning balance can be calculated using the following formula:

Retained earnings ending balance = Retained earning beginning balance + Revenue – Expenses - Dividends

Hence using the given information we can solve the equation as follows:

3,050 = Retained earning beginning balance + 1935 – 1065 - 550

3,050 = Retained earnings beginning balance +320

Retained earnings beginning balance = 3050-320 = $2,730

Hence, Retained earnings beginning balance is <u>$2,730</u>

8 0

4 years ago

Which of the following is a way that the operating activity section of the statement of cash flows adjusts Net Income from the b

Savatey [412]

Answer:

The correct answer to this question is D) where it adds all the non cash entries related to a firm's operating activities.

Explanation:

A cash flow statement is a financial statement which shows how cash and cash equivalent are affected by change in the balance sheet accounts and income statements accounts, and cash flow shows this affect on cash and equivalent by breaking down the cash flow statement analysis in to operating , investing and financing activities.

The way in which operating activity now helps in adjusting the net income from balance sheet is by adding all the non cash entries, which are related to company's operating activities.

3 0

3 years ago

A new business wants to set up its factories so that they produce low

Black_prince [1.1K]

Answer:

The business is demonstrating ethical environmental practices.

Explanation:

The business is being mindful of the environment. Reduced carbon emissions are the remedy for global warming. Owners of these factories care about future generations. Workers in the factories will be healthier as a result of more fresh air.

4 0

3 years ago

Benchmarking does not helps in

Pepsi [2]

Just try ur best and more likely ull get it

5 0

3 years ago

Sara, a security analyst, is trying to prove to management what costs they could incur if their customer database was breached.

djyliett [7]

Answer:

Total estimated breached cost = $3,750

Explanation:

Given:

Total records database contain = 250 record

Cost per record for a breach = $300

Estimated breached record = 5% = 0.05

Total estimated breached cost = ?

Computation of total estimated breached record :

Total estimated breached record = Total records database contain × Estimated breached record

Total estimated breached record = 250 × 0.05

Total estimated breached record = 12.5

Computation of total estimated breached cost:

Total estimated breached cost = Total estimated breached record × Cost per record for a breach

Total estimated breached cost = 12.5 × $300

Total estimated breached cost = $3,750

7 0

3 years ago