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ra1l [238]
4 years ago
11

Suppose your firm has a marginal revenue given by the equation MR = 10 - Q​, where Q is the quantity produced and sold. This mea

ns that the seventh unit of output brings in 10 - 7 = $ 3 of additional revenue. The marginal cost for your firm is given by the equation MC = 2 + Q. This means that the seventh unit of output increases the marginal cost by 2 + 7 = $ 9.
If the firm produces the seventh unit of output, marginal cost will be marginal revenue. In which of the following cases, will the profit of the firm be maximized?

(A) When the marginal cost of producing an additional unit equals the marginal revenue from that unit.
(B) When the average cost of producing an additional unit equals the marginal revenue from that unit.
(C) When the marginal cost of producing an additional unit is less than the marginal revenue from that unit.
(D) When the average cost of producing an additional unit is less than the marginal revenue from that unit. The profit-maximizing level of output is ____ units.
Business
1 answer:
Mekhanik [1.2K]4 years ago
3 0

Answer:

(A) When the marginal cost of producing an additional unit equals the marginal revenue from that unit.

q = 4 maximize the profit

Explanation:

The  profit-maximizing level  is the one at which marginal revenue equals marginal cost, so we will set the eqaution and solve for Q

MR = MC

10 - q = 2 + q

10 - 2 = q + q

8 = 2q = 4

the profit is maximize at q = 4

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North Around, Inc. stock is expected to return 22 percent in a boom, 13 percent in a normal economy, and −15 percent in a recess
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Answer:

4.53%

Explanation:

Data provided in the question:

Expected return = ∑ (Return × probability)

Thus,

Expected return = (0.06 × 22) + (0.92 × 13) + (0.02 × (-15))

= 12.98%

Now,

Probability       Return        Probability × (Return-Expected Return)²

0.06                  22                   0.06 × (22% - 12.98%)² = 4.8816

0.92                  13                    0.92 × (13% - 12.98%)² = 0.000368

0.02                  -15                   0.02 × (-15% - 12.98%)² = 5.657608

========================================================

                                                                            Total = 20.5396%

Standard deviation = \sqrt{\frac{\text{Total probability}\times(\text{Return-Expected Return})^2}{\text{Total probability}}

= √(20.5396)

= 4.53%

6 0
3 years ago
Executives of Company G receive high salaries and excellent benefits, in addition to stock options and numerous other perks. How
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Answer: Option (A) is correct.

Explanation:

Here, it's given that the shareholders believe jets be utilized for purposes which are in accordance with increasing the profits of Company G.

From the given comprehension the following must be true in order to support  the reason behind shareholders' objection: <em>Company G executives usually utilize corporate jets for personal travel. </em>

Since utilizing organizations's corporate jet for private use won't increase it's profit. This explains why the shareholders had an objection to executives' use of the corporate jets.

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The particular type of shareholder voting used has become less important with the influence of takeovers, leveraged buy-outs, an
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Even in the case of take over or mergers or acquisition, a shareholder remains part of the organization because the shareholder still has the shares within the company and therefore could play a decisive role in the voting.

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For each example, select the section of the career plan that best corresponds with this information. I am very good at interacti
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Answer:

The sections of the career plan that best corresponds to the following information are:

Self-assessment. I am very good at interacting with young children.

Career exploration. I will need to complete an apprenticeship.

Career identification. Within ten years, I will take and pass an exam to be licensed as a Lawyer.

Action plan. I will start and run my own car repair company.

Explanation:

The reasons behind those answers are: First self-assessment consists of identifying our strengths and opportunity areas. Second, career exploration consists of the things I need to do to find my vocation and be ready for the labor market. Career identification because once the path is decided the subject needs to identify his or her area of preference to be the professional she or he wants to be. The action plan, it describes the process to achieve the objective of the subject considering the objective.

4 0
3 years ago
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