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antiseptic1488 [7]
3 years ago
12

For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $11 and a marginal cost of $10. A)

It follows that the a. production of the 100th unit of output increases the firm's average total cost by $1. b. production of the 101st unit of output must increase the firm’s profit by more than $1. c. firm's profit-maximizing level of output is less than 100 units. d. production of the 100th unit of output increases the firm's profit by $1.
Business
1 answer:
jeyben [28]3 years ago
7 0

Answer:

The correct answer is option d.

Explanation:

The 100th unit of output that the firm produces has a marginal revenue of $11 and a marginal cost of $10.  

The profit to a firm is maximized when the marginal revenue earned and marginal cost incurred are equal.  

When the firm is producing the 100th unit of output the marginal revenue is $1 higher than the marginal cost. This implies that the production of the 100th unit increases the firm's profit by $1.

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Payments from customers received before performing services for the customers are recorded as
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3 years ago
The triple-bottom-line philosophy says that: companies should treat their local, national, and global customers fairly. business
alexandr1967 [171]

Answer: companies should try to support the economic, social, and environmental spheres of sustainability.

Explanation:

The triple bottom line is simply an accounting framework that consist of three parts which are the social, financial and the environment.

The triple bottom line philosophy says that organizations should not only focus on the financial aspect(profit) alone but should also focus on the environment and the social aspect of the society.

Therefore, the triple-bottom-line philosophy says that companies should try to support the economic, social, and environmental spheres of sustainability.

3 0
3 years ago
A buyer wishes to have the choice to buy a parcel of land in the next few months, so he offers option money to the owner. if the
NNADVOKAT [17]

A buyer wishes to have the choice to buy a parcel of land in the next few months, this transaction is an example of equitable title to the property.

An option to buy actual property offers the holder an equitable interest within the assets. options to buy real assets provide the holder equitable interest within the assets and the right to essentially force the belongings owner to sell at any time all through the time period of the contract.

While a potential client makes a written buy provide that the vendor accepts, then the: customer gets equitable title to the assets. A bilateral contract is one that: The promise of one birthday celebration is given in alternate for the promise of the alternative birthday party.

An alternative settlement is in which a prospective client enters into an settlement with a landowner for the proper to buy their land/assets, frequently paying the landowner a amount of money as an option fee. the possible consumer then has the choice inside a duration described inside the settlement to shop for the belongings.

Learn more about transaction here:-brainly.com/question/24835236

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4 0
1 year ago
Which of the following should NOT be considered when determining a fair option fee?A. Cost of a title search B. Tenant's credit
emmasim [6.3K]

Answer:

A. Cost of a title search

Explanation:

Option B - Tenant's credit rating is a necessary thing when determining a fair option fee. So, it is not the correct answer.

Option C - Without the number of terms, it is difficult to determine a fair option fee. So, it is also incorrect.

Option D is also wrong, as property value is the main element of finding a fair fee.

Therefore, Option A is the answer as, during the determination of a fair option fee, the cost of the title search is not a necessary element.

6 0
3 years ago
"The insurance company gets information about gas leakage in several houses that use the same gas provider that your customer do
wlad13 [49]

Answer: $2550

Explanation:

Note that the probabilities of total loss and 50% damage were tripled and the probability of no fire has therefore changed to:

1 - 0006 - 0.024 = 0.97.

The company wants to keep same annual gain from the policy ($750), and the question now is, what would the new premium (N) be which will satisfy this? To get this, we need to solve the equation for:

N:750 = (N - 100,000)(0.006) + (N - 50,000)(0.024) + N(0.97)

Thus, 750 = N - 600 - 1,200, or N - 1,800. Therefore,N= 750+1,800= 2,550.

To account for the added risk which the insurance company is taking by continuing insuring the customer, the premium changes from $1,350 to $2550

4 0
3 years ago
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