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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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Answer:

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In this case, the following priority would go to the mechanic's lien from the the general contractor (as a result from court order), then the mortgage, and finally the other creditors.

4 0
3 years ago
What is the maximum amount that OSHA can impose as a penalty on an employer for each Willful violation?
lesya [120]
<span>As of 2016, the biggest penalty OSHA can hand out for each willful violation is $126,000. The largest amount previous to that was $70,000. The maximum amount OSHA can collect for repeated violations is also capped at $126,000 as of 2016. OSHA stands for Occupational Safety and Health Administration, and operates as an official agency of the US Department of Labor.</span>
8 0
2 years ago
A lack of the resources needed to go into producing goods and services is called what
kotykmax [81]
Goods service resources
8 0
3 years ago
Which statement is correct?
Allisa [31]

Answer: (C)  The production of non durable consumer goods is more stable than the production of durable consumer goods over the business cycle.

Explanation:

 The consumer durability of the goods has the significant life span and the production of the non durable goods of the consumer are basically purchased for the immediate consumption over the business cycle so that is why it is more stable as compared to the production of the durable goods.

The example of the durable consumer goods are smartphones, furniture and the other household appliances. On the other hand, the non durable consumer goods are more stable as it contain daily use material like food, clothes and beverages.  

4 0
3 years ago
A popular soft drink is sold in 2​-liter ​(​2000-milliliter) bottles. Because of variation in the filling​ process, bottles have
saul85 [17]

Answer:

The answer is below.

Explanation:

The z score is a used in statistics to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:

z=\frac{x-\mu}{\sigma}\\\\where\ x=raw\ score, \mu=mean,\sigma=standard\ deviation\\\\For\ a\ sample\ size(n):\\\\z=\frac{x-\mu}{\sigma/\sqrt{n} }

a) Given that n = 100, μ = 2000, σ = 18

For x < 1995 millimeters:

z=\frac{x-\mu}{\sigma/\sqrt{n} }=\frac{1995-2000}{18/\sqrt{100} }  =-2.78

From the normal distribution table, P(x < 1995) = P(z < -2.78) = 0.0027

b) P(z > z*)  = 10% = 0.1

P(z < z*) = 1 - 0.1 = 0.9

z* = 1.28

z*=\frac{x-\mu}{\sigma/\sqrt{n} }\\\\1.28=\frac{x-2000}{18/\sqrt{100} }\\\\x-2000  =-2.304\\\\x=2002.3\ ml\\\\

From the normal distribution table, P(z < z

6 0
3 years ago
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