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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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Watson, Inc. applies overhead cost based on direct labor hours. In completing the 200 units in job #120, the company incurred $1
andriy [413]

Answer:

Total cost= $24,000

Explanation:

Giving the following information:

Watson, Inc. applies overhead costs based on direct labor hours. In completing the 200 units in job #120, the company incurred $12,000 in direct materials and 500 direct labor hours at $18 per hour. The predetermined overhead rate is $6 per direct labor hour.

Total cost= direct material + direct labor + manufacturing overhead

Total cost= 12,000 + 500*18 + 6*500= $24,000

3 0
3 years ago
For firms like Target and Walmart, competition
liubo4ka [24]

Answer:

The correct answer is D

Explanation:

Competition is the term which is described as the rivalry among companies selling the similar products and the services in order to achieve or accomplish the market share growth, revenue and profit.

The competition among the business is a contest or the rivalry among the firms or organization to win the revenue. It is the fundamental force, that benefits or advantage the customers as the firms are under the pressure in order to improve the products and also provide or offer the attractive prices.

4 0
3 years ago
Barton, Inc. is a corporation with ordinary net business income of $130,000, dividends of $2,000, a long-term capital gain of $5
Levart [38]
Business net income $130,000
Dividends $2,000
Long-term capital gain $5,000
Short-term capital loss $10,000
$130,000 + $2,000 + $5,000 = $137,000
$137,000 - $10,000 = $127,000

Based on my these figures, Barton’s taxable income is $127,000.
5 0
3 years ago
Easy!! 30 points!!
Nadusha1986 [10]

Answer:

Country B has a comparative advantage producing coal.

Explanation:

I believe this is correct, if not let me know and I will fix it. I'm sorry in advance if it is incorrect.

6 0
3 years ago
10. Which type of utility do you believe has the greatest impact on price? Explain
Tomtit [17]

Answer: Place utility

Explanation:

The type of utility that is believed to have the greatest impact on price is the place utility. Place utility simomy means making of goods available to the customers when they're needed.

The place or location where customers but their products is vital to customers as they put values on products based on the place utility. This can be seen as companies make sure that their products are easily accessible to their customers.

4 0
3 years ago
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