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Harrizon [31]
3 years ago
10

A perfectly competitive firm will produce the quantity of output at which _______ = _______ to determine the profit maximizing o

r ____________, ___________level. In order to produce additional units of output we need the following:
a. additional hours of labor at $15 per hour
b. additional units of material at $2 per unit
c. additional pounds of zinc at $1 per pound
What is the cost, the above statement is referring to?
Business
1 answer:
pishuonlain [190]3 years ago
7 0

Answer:

Price; marginal cost; cost minimizing; output; Cost of production or cost of inputs involved in production

Explanation:

In perfect competition a firm is in equilibrium when its marginal cost of production is equal to the price of its product. The firm will be able to maximize profit or minimize cost at this point.

The demand curve is a horizontal line, which means demand is perfectly elastic. A change in the price will cause the demand to become zero.

The cost mentioned here is the cost incurred to employ inputs in the process of production, which is an explicit cost.

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Answer:

$13,000

Explanation:

Most property purchased during 2019 and beyond, may be expenses using Section 179 tax deductions. The limit for 2019 was $1 million and that is way more than $13,000. Section 179 is one of the few benefits that small business got from the Tax Cut and Jobs Act, and it can be really useful.

Businesses can deduct the full purchase price of qualifying equipment (used manufacturing equipment qualifies) as long as it was purchased after January 1, 2019. This is an incentive created to encourage businesses to buy more equipment and invest more.

5 0
3 years ago
Assume a domestic company in the US, let's say Colgate-Palmolive, is deciding to export to a country where to date Colgate produ
MrMuchimi

Answer:

agent method of entry

Explanation:

Agent method of entry will demonstrate lower fixed costs associated.

8 0
3 years ago
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What is cash flow?...................................
notka56 [123]

Answer:

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Explanation:

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2 years ago
Treasury stock is:
VashaNatasha [74]

Answer:

a. Common stock acquired by the company in the open market & recorded as negative equity

Explanation:

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