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
amid [387]
3 years ago
8

Which of the following statements is definitely true when price is less than average total cost for a firm producing the profit-

maximizing level of output in the short run?
a. The firm will be earning negative total revenue.
b. The firm is running a loss in an accounting sense, so that total revenue is less than total explicit costs.
c. The firm is incurring an economic loss.
d. The firm will minimize its losses by shutting down.
Business
1 answer:
Flauer [41]3 years ago
7 0

Answer:

d. The firm will minimize its losses by shutting down.

Explanation:

The price multiplied the number of output is the revenue, which is less than the total cost as in this scenario. So this company is always lost.

Lost = number units x (cost – price)

The lost is as high as the number of unit produced.

Given the company do not have any room to improve the profit as it’s producing the profit-maximizing level of output; it’s the best for this firm to shut down.

You might be interested in
Help pls ❗️❗️this is hard
ollegr [7]
It is the last one, 7 days
5 0
3 years ago
What is one explanation for why this labor supply curve is upward sloping? the opportunity cost of leisure decreases as wages de
san4es73 [151]
I believe the correct answer is the first option. The labor supply curve is upward sloping because the opportunity cost of leisure decreases as wages decrease and the opposite of such is true as well. As one work one hour more, one will have less time for other activities. As the work rate increases in value, then the opportunity cost increases as well.
8 0
3 years ago
Read 2 more answers
Is the customer always right?" a. Company policy and rules always should be followed regardless of what the customer may need or
alisha [4.7K]

Answer: C.

Explanations: Many companies go by that standard although they don't necessarily mean it. They are very much aware of how much a customer is important to the company.  They should be aware of all the staff and how they are treating the customers, the quality of a product and generally give their best to please someone when they come inside their store.

However there should be certain precautionary measures taken if they encounter with a customer that, beside all the kindness you were offering, is rude, frantic, starts damaging the goods, ambience etc.

8 0
3 years ago
On October 1, ABC Company receives a 9% interest-bearing note from Reese Company to settle a $20,000 accounts receivable. The no
Murrr4er [49]

Answer:

The correct answer is b. $450

Explanation:

3 0
3 years ago
Financial information is presented below: Operating Expenses $ 91100 Sales Returns and Allowances 17000 Sales Discounts 12400 Sa
ira [324]

Answer:

$290,700

Explanation:

The amount of net sales on the income statement is computed as shown below;

Net sales = Sales revenue - Sales discount - Sales return and allowance

Net sales = $320,100 - $12,400 - $17,000

Net sales = $290,700

8 0
3 years ago
Other questions:
  • Kylie has been practicing repeating phrases such as, "I know I don’t wear the latest fashions, but I am comfortable. Surely othe
    5·1 answer
  • Kathy is working her way through college. she has a job at burger fast where she makes an annual salary of $12,500. what is her
    9·1 answer
  • Which of the following are integral parts of the managerial process of crafting and executing strategy?
    10·1 answer
  • Assuming a 24 hour operation in a warehouse, and an arrival following Poisson distribution with mean rate of 36 per day and serv
    13·1 answer
  • You want to buy a new sports car from Muscle Motors for $38,000. The contract is in the form of an annuity due for 60 months at
    6·1 answer
  • You asked two of your friends to give you their opinions of a business proposal you have written. Now you have received two sepa
    11·1 answer
  • Seth has a monthly income of $2,500. He has a $400 car payment and owes $225 on electronic equipment. What is the percentage of
    14·1 answer
  • The Red Wolf Society, a nongovernmental not-for-profit organization, receives numerous contributed hours from volunteers during
    10·1 answer
  • Record the information you found for steps 2 and 3 here. Make sure you discuss how the company got money to start the business,
    15·1 answer
  • which of the following statements are correct regarding the requirements to meet the economic performance test under the various
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!