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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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evablogger [386]

Answer:

Option A

Explanation:

In simple words, Bank runs refers to the scenario  when a significant amount of individuals begin to make bank withdrawals since they are afraid the organizations will run out of liquidity. Usually a run on the banks is the product of confusion instead of a true bankruptcy.

 Bank run caused by panic that drives a bank into real bankruptcy provides a traditional example of a prediction that fulfills itself. The institution does defaults risk, as customers are continuing to withdraw money. So what starts out as fear will ultimately turn into some kind of true fallback situation.

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3 years ago
Malcolm has been researching reports generated by government agencies and the local chamber of commerce. What kind of research i
zhannawk [14.2K]
The correct option is B.
There are three basic types of research, these are primary, secondary and tertiary research. A primary research is a type of research in which data, which are  the first of its kind are generated. Secondary research on the other hand is the type of research that is carried out based on the summary and the synthesis of the information gathered from primary research. 
The reports generated by the government agencies and the local chamber of commerce in the question given above are examples of data generated via primary research
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3 years ago
The government of a country increased the minimum wage from $21 to $30. A factory owner had to lay off some of his workers becau
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8 people would lose their jobs.
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3 years ago
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goldfiish [28.3K]

B. It is a state of actual emergeny.

5 0
3 years ago
Production records show that there were 440 units in the beginning inventory, 30% complete, 1,440 units started, and 1,600 units
Nimfa-mama [501]

Answer and Explanation:

The computation is shown below:

a. The number of units processed is

= Beginning work in process units + completed and started units - transferred out units

= 440 units + 1,440 units - 1,600 units

= 280 units

b. The material cost per unit is

= Total cost ÷ equivalent units

where,

Total cost is

= Opening work in process + material cost

= $2,220 + $6,610

= $8,830

And, the equivalent units is

= Units transferred out + ending work in process

= 1,600 + 280

= 1,880

So, the material cost per unit is

= $8,830 ÷ 1,880 units

= $4.70

c. The conversion cost per unit is

= Total cost ÷ equivalent units

where,

Total cost is

= Opening work in process + labor cost + overhead cost

= $1,720 + $4,800 + $1,300

= $7,820

And, the equivalent units is

= Units transferred out + ending work in process × completion percentage

= 1,600 + 280 × 40%

= 1,712

So, the material cost per unit is

= $7,820 ÷ 1,712 units

= $4.57

8 0
3 years ago
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