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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.

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Answer:

8%

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

The IRR can be calculated using a financial calculator.

Cash flow in year zero = $-165,000

Cash flow each year from year one to seven = $31,692

IRR = 8%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

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Brain injury, genes and exposure to environment toxins are some of the causes of the attention deficit disorder.

In the above scenario, Dr. Beswick was attending a test. She was distracted by the reggae music that was coming from the adjoining office. After listening to the music she started thinking about her upcoming trip to Caribbean. Dr. Beswick was affected by attentional deficit disorder.

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Answer:

work experience is the correct answer for PLATO

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