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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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Cost of goods sold
never [62]

Answer:

The correct option is d.

Explanation:

Cost of goods sold: The cost of goods sold is that cost which sells the product at the cost price. It is directly related to the production level.

Example: purchase price, raw material cost, labor cost, etc.

It includes administration costs but not include research and development cost.

Neither it is found on the balance sheet, it shows on the income statement.

Nor, it records partly completed goods because it has come under work in progress.

So, the A,B, and C are incorrect statements while D is the correct statements.

Hence, the correct option is d. Cost of goods sold is the total product cost for the units sold during a period.

8 0
2 years ago
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zhuklara [117]

Answer:

i like ya cut g

Explanation:

3 0
3 years ago
If your company has a large production-related task, such as assembling an airplane, what strategy could help you increase produ
Nookie1986 [14]
I would say mechanical workers. kinda like robots because they can work 24/7

4 0
3 years ago
Cutoff tests designed to detect valid sales that occurred before the end of the year but have been recorded in the subsequent ye
Oksanka [162]

Answer:

b. Completeness

Explanation:

Cut off tests are designed to ensure that transactions which relate to a particular period are reported in that very period.

Assertions refers to the claims made by the management and it's staff relating to various aspects of the business.

Cut off procedures provide an auditor with evidence against management's assertion of completeness and occurrence of a transaction.

Completeness refers to whether transactions pertaining to a period have been recorded.

Occurrence means that recorded transactions ain't fictitious and have actually happened.

8 0
3 years ago
You are the production head and you decide to introduce a new product in your production line. Market survey reveals that price
Ne4ueva [31]

Answer:

the following table shows the profits generated by each output quantity, assuming selling price is Rs40. Since marginal costs of production are lower than selling price, the more you sell, the higher your profit. Profit is maximized at 1,000 units =  Rs35,960

Explanation:

output          variable costs       fixed costs       total revenue      profits

0                          00                     620                     0                     (620)

100                      280                   620                   4,000              3,100

200                     480                   620                   8,000              6,900

300                     640                   620                   12,000            10,740

400                     820                   620                   16,000            14,560

500                    1,040                  620                   20,000           18,340

600                    1,300                  620                   24,000           22,080

700                    1,620                  620                   28,000           25,760

800                    2,020                 620                   32,000           29,360

900                    2,620                 620                   36,000           32,760

1000                   3,420                 620                   40,000           35,960

8 0
3 years ago
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