1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
anyanavicka [17]
3 years ago
12

Assume price exceeds average variable cost over the relevant range of demand. If a monopolistically competitive firm is producin

g at an output where marginal revenue is $23 and marginal cost is $19, then to maximize profits the firm should A) shut down. B) continue to produce the same quantity. C) decrease output. D) increase output.
Business
1 answer:
ivann1987 [24]3 years ago
3 0

Answer:D) increase output.

Explanation:

The marginal cost  for production and marginal revenue are measures that businesses  use in  determining  the amount of output and the price of  a product that will enable them to maximize profits.

When the marginal revenues  are greater than the marginal cost of production, then the firm is making profit per unit  and should increase its production so as to make  more output until profit is attained.  When Marginal Revenue are lower or less than the marginal cost of production, then the firm is making a loss per unit  and should decrease its production.

Here,  competitive firm is producing at an output where marginal revenue is $23 and marginal cost is $19, then to maximize profits the firm should <u>increase output .</u>

<u />

You might be interested in
Alice earned $12 per hour. What equation shows the relationship between her
LenaWriter [7]

<em><u>The equation shows the relationship between her  weekly salary (w), hours per week (h), and rate per hour (r) is:</u></em>

w = h \times r

<em><u>Solution:</u></em>

Given that,

Alice earned $12 per hour

1 hour = $ 12

<em><u>Find the number of hours in 1 week</u></em>

1 day = 24 hours

1 week = 7 days

Therefore,

1 week = 7 x 24 = 168 hours

Let "h" be the hours per week

let "r" be the rate per hour

Let "w" be the rate per hour

From given,

r = $ 12

h = 168 hours

weekly salary = hours per week x rate per hour

w = h \times r

w = 168 \times 12\\\\w = 2016

Thus, she earns $ 2016 for 1 week

5 0
3 years ago
Read 2 more answers
Job specifications can be defined as: a. planned sequences of jobs through which employees may advance within an organization. b
Alona [7]

Answer:

Option d would be the correct approach.

Explanation:

  • The organized database of the important tasks required in carrying out a task that has been extrapolated from such a job description and used in job classification and assessment and personnel policies as well as positioning.
  • This usually includes tasks, intent, obligations, nature including employment conditions of a position including the description of the position, as well as the identity or description of the individual the input data to.

Many examples do not apply to the subject being discussed. So option d is indeed the right one.

4 0
3 years ago
Assume the current U.S. dollar-yen spot rate is 90 ¥/$. Further, the current nominal 180-day rate of return in Japan is 1% (annu
Citrus2011 [14]

Answer:

Explanation:

Forward excahnge rate/spot exchange rate = (1+rh)/(1+rf)

rh - periodic interest rate in the home currency

rf - periodic interest rate in the foreign currency

Forward/90 = [1+1%*180/360]/[1+2%*180/360]

Forward = 1.005/1.01 * 90 = 89.55

Forward rate is 89.55 yen/$

3 0
2 years ago
Employees with a(n) ________ locus of control will probably resist close managerial supervision and should probably be placed in
Katena32 [7]

Answer:

Internal

Explanation:

Internal locus of control is the term which is defined as the belief that the events in life of the person, whether bad or good, are caused or occurred through the controllable factors like effort, attitude of the person and preparation.

For example, when the person fail in test, the person acknowledge that he had studied adequate and did not understand the vital questions.

Therefore, the internal locus of control will resist the close supervision of managerial. So, should be placed in jobs needed high initiative and lower compliance.

4 0
3 years ago
As a result of their influence on the quantity, variety, and quality of products, trade barriers ________ domestic consumers.
likoan [24]

The answer in the space provided is hurt. It is because of their influence in the following factors such as the variety, quantity and the quality of products, the trade barriers will most likely hurt the domestic consumers involved in it.

5 0
3 years ago
Other questions:
  • What hardware temporarily stores information when software is being used? system bus, ROM, HDMI, or RAM
    10·2 answers
  • Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Sto
    15·2 answers
  • The manager of a savings and loan branch wants to estimate the average amount held in passbook savings accounts by the branch ba
    7·1 answer
  • Pedro owns a 50% interest in a limited partnership that operates an apartment complex. During the current year, the partnership
    10·1 answer
  • Which of the following best describes the unit price of an 8-ounce bag of walnuts? It is the number of ounces that can be bought
    9·2 answers
  • Addison pays $15,000 for an annuity that will pay $1,000 a year, starting this year. If the annuity is for a term of 20 years, h
    9·1 answer
  • When entrepreneurs develop new products,other companies also experience growth because they
    13·2 answers
  • Y3K, Inc., has sales of $7,475, total assets of $3,525, and a debt−equity ratio of .34. Assume the return on equity is 20 percen
    13·1 answer
  • You are reading product reviews posted online by consumers. Which external information source are you using?
    7·2 answers
  • If interest rates are at the zero lower bound:A. the effectiveness of monetary policy increases. B. monetary policy is not very
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!