1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gladu [14]
3 years ago
14

A competitive firm currently produces and sells 500 units of output. Its total revenue is $3,500; the marginal cost of producing

the 500th unit of output is $5.75; and the average total cost of producing the 500th unit of output is $4.00. Is the firm maximizing its profit, or should it increase or decrease output in order to increase its profit?
Business
1 answer:
Orlov [11]3 years ago
3 0

Answer: Reduce output

Explanation: Profit = Total Revenue – Total Costs

Therefore, profit maximization occurs therefore, profit maximization occurs at the most significant gap or the biggest difference between the total revenue and the total cost.

TC = AC×Q = $4×500 = $2,000

Theoretically, profit maximization occurs where MR = MC

From the forgoing, producing an extra unit will increase the cost of the company thereby reducing profit.

The company should reduced output to around 499 units or less

You might be interested in
QUESTION 1
babunello [35]
1.) A
2.) True
3.) False
4.) C
5.) C
6.) True
7.) True
8.) C
9.) True
10.) True
5 0
3 years ago
Follow meeeeee if girl
Dmitry_Shevchenko [17]
Heyyyyyy thanks for the points, have a nice day/night wtv :)
6 0
3 years ago
Read 2 more answers
Open-market operations involve _____ and _____ securities to influence the money supply.
Akimi4 [234]
Open market operations involve buying and selling securities to influence the money supply. The correct answer is C. 
8 0
3 years ago
Read 2 more answers
The police need to have _____ to obtain a search warrant.
solniwko [45]

Answer:

a

Explanation:

they need a absolute certainty to search your house like what

7 0
3 years ago
Which of the following materials could be potentially infected with bloodborne pathogens, assuming they are not mixed with human
Katena32 [7]

Answer:

Semen or vaginal secretions

Explanation:

"Bloodborne pathogens" refer to microorganisms that can be found in the blood or body fluids of humans. There are many kinds of bloodborne diseases such as <em>Hepatitis B</em> and<em> Hepatitis C</em> as well as <em>Human Immunodeficiency Virus (HIV).</em> They can be transmitted to another person through <em>having contact with the infected human blood or body fluids.</em>

Assuming that the materials above are not mixed with human blood (meaning, they are not contaminated with blood), then the semen or vaginal secretions are the only materials where the bloodborne pathogens can be transmitted. Thus, it is important <u>not to have sexual contact with the contaminated person such as people with HIV.</u>

So, this explains the answer.

4 0
3 years ago
Other questions:
  • Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum or in a serie
    15·1 answer
  • In order to obtain a job you may have to go through the typical sequence of interviews, which includes
    11·1 answer
  • A lawn maintenance company compares two ride -on mowersthe Excelsior, which has an expected working-life of six years, and the G
    15·1 answer
  • Changing a career is what kind of obstacle?
    9·1 answer
  • Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding
    15·1 answer
  • Committee chair Bill led a discussion with the rest of his committee about a club matter, then called for a vote. Since the comm
    9·1 answer
  • The Japanese government restricts imports of rice into Japan. This import quota causes A. a decrease in the consumer surplus of
    7·1 answer
  • The relationship between quantity supplied and price is _____
    14·1 answer
  • Which of the following describes a circumstance in which a large, multinational indirect exporter would be better than a smaller
    10·1 answer
  • eggy's Pillows produces and sells a decorative pillow for $75.00 per unit. In the first month of operation, 2,000 units were pro
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!