Answer:The Firm should continue to produce up until Revenue generated equals Marginal Cost. Cold Duck Company would maximize profit when the number of flights is in a level when Revenue equals Marginal cost which is the same as variable costs in this case.
Explanation:
Cold duck Airlines leases plane on a year long contract at an average cost of $600 per flight.The average cost of $600 per flight is calculated as Lease cost per year divided by number of flights. This tells us that the lease cost per year is fixed and the $600 average cost per flight is the Average Fixed cost. if Cold duck flies more planes between Tacoma and Portland The number flights will increase which will decrease the average lease cost per flight.
Other Costs fuel (flight attendants,etc) amount to $550 per flight, these costs will increase as Cold Duck Airlines increases flights between Tacoma and Portland. These costs should be treated as Variable costs because they increase as the number flights increases.
The revenue generated on each flight, which can be seen as the price for each flight is $1000.
The Firm maximizes its profits in a competitive market by producing a quantity level That makes Price equals Marginal cost, Marginal cost being the price of producing an additional unit, in this case is the cost of an additional flight which is $550 amount of other costs because lease cost fixed whether Cold Duck Makes 1 flight or 10 flights it doesnot change
The Firm should continue to produce up until Revenue generated equals Marginal Cost. Cold Duck Company would maximize profit when the number of flights is in a level when Revenue equals Marginal cost which is the same as variable costs in this case. Revenue would be equal to $550 when profit is at the maximum level
The type of rationalization made by the employee is based on <em>other employee are </em><em>doing </em><em>it.</em>
Rationalization refers to when individual attempt to justify a behavior with logical reasons even though those reason are not appropriate.
- Here, the employee does rationalize giving free entry to her friend because other employee gives free popcorn to their friends.
Hence, the type of rationalization made by the employee is based on <em>other employee are </em><em>doing </em><em>it.</em>
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Answer: Option (C) is correct.
Explanation:
There is a adjustment entry for depreciation of $3,545 but the amount that is debited as depreciation expense is different from the amount that is credited as accumulated depreciation.
Depreciation Expense A/C Dr. $3,454
To Accumulated Depreciation $3,545
This will lead to an unequal adjusted trial balance.
Option 'A' and 'B' has no effect on the adjusted trail balance to be unequal because whole transaction is omitted.
Option 'D' also has no effect on adjusted trail balance because the debit and credit amount will still match.
The answer to that would be B.
The correct answer is D. Something of value that can be bought, sold, or traded
Explanation:
The word "commodity" is used in economics to refer to any good or product that has an economic value and due to this, can be part of the market. This means any commodity can be traded, sold, or bought. Moreover, this concept is mainly applied to raw materials such as coal, timber, or wheat that can be used to make other manufactured products such as plastics, furniture, or flour. According to this, the option that correctly describes the word commodity is option D.
