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erma4kov [3.2K]
3 years ago
10

If a firm is producing an output level for which marginal revenue is less than marginal cost;

Business
1 answer:
sdas [7]3 years ago
3 0

Answer:

The correct answer is option b.

Explanation:

A firm is able to maximize it's profit by producing output at the level where the marginal revenue earned from the last unit of output is equal to marginal cost incurred on it.

If a firm is operating at the point where the marginal revenue is lower than the marginal cost then the firm can maximize profit by reducing its output till the point where the marginal revenue and marginal cost are equal.

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Which of the following is a difference between customized services and standardized services?
Verizon [17]

Answer:

The correct answer is the letter a. Standardized services are more efficient and cost less than personalized services.

Explanation:

The personalized services are those provided according to the characteristics of each person, that is, we seek to individualize the service to meet customer needs. Standardized services refer to services provided equally to all customers, not seeking individualization. In this respect, standardized services are more efficient and cost less, as the individual cost of service does not change, leading to lower costs as the quantity of services sold increases.

5 0
3 years ago
An animator needs a laptop for audio/video editing, and notices that he can pay $2600 for a Dell XPS laptop, or lease from the m
Goshia [24]

Answer:

Cost of leasing over buying is $144.59

Explanation:

For computing the cost of leasing the laptop over buying it outright, we have to calculate the present value is shown below:

Given that,  

Future value = $0

Rate of interest = 14%  ÷ 12 months = 1.17%

NPER = 4 years  × 12 month = 48 months

PMT = $75

The formula is shown below:

= PV(Rate;NPER;-PMT;FV;type)

So, after solving this, the present value is $2,744.59

And, the buying amount is $2,600

So, the difference is

= $2,744.59 - $2,600

= $144.59

3 0
3 years ago
Gipsi runs a manufacturing company. She recently invested in​ ________ computing devices because she wanted to improve productiv
Setler [38]

Answer: Wearable

Explanation:

 The wearable computing device is one of the small devices that may be wide or narrow and it is one of the smartphone technology extension.

The main purpose of the wearable computing technology is that it providing a smart features and the various types of functions in the form of portable or small device.

According to the given question, Gipsi is running one of the manufacturing firm and recently she invest in the wearable computing device for improving the productivity by providing the efficient detail to the workers.  

 Therefore, Wearable is the correct answer.

5 0
3 years ago
The consumer price index for Planet Econ consists of only two items: books andhamburgers. In 2010, the base year, the typical co
Stels [109]

Answer:

The consumer price index for 2015 on Planet Econ is 1.25

Explanation:

The formula for computing the consumer price index is given below:

= (Total cost in the current year) ÷ (total cost in the base year)

where,

Total cost in the current year equals to

= (Base year book quantity × current year book price) + (base year hamburgers quantity × current year hamburgers price)

= 10 books × $30 + 25 hamburgers × $3

= $300 + $75

= $375

we use the base year quantity for computing the total cost for the current year.

And, the Total cost in the base year equals to

= (Base year book quantity × base year book price) + (base year hamburgers quantity × base year hamburgers price)

= 10 books × $25 + 25 hamburgers × $2

= $250 + $50

= $300

Now put these values to the above formula

So, the answer would be

= $375 ÷ $300

= 1.25

Hence, The consumer price index for 2015 on Planet Econ is 1.25

4 0
3 years ago
What's 64÷8 pox help
Gemiola [76]
64 divided by 8 is 8
7 0
3 years ago
Read 2 more answers
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