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
slamgirl [31]
4 years ago
7

The market price for wallets is $20. Your technology is such that at your most efficient production point, the average total cos

t of producing a wallet is $2.50. Your manager runs into your office and shouts, "Boss!!! Average costs are rising!! Average costs are rising!!" To make a profit-maximizing decision, you should:
Business
2 answers:
poizon [28]4 years ago
5 0

Answer:

<em>By asking the manager about the marginal cost.</em>

Explanation:

<em>When a business wants to  make profit it decides the production level that gives maximum revenue at lowest cost. that is, the business maximize profit and maximize revenue at a  lower cost.</em>

<em>The manager should ask for the marginal cost of production, since t there will be  a rise in average cost </em>

<em>A marginal cost can be defined as  the extra cost incurred for producing an extra unit of a product.</em>

<em />

<em>To achieve maximize profit the manager needs to get a production level at which marginal cost is lowest at highest revenue,</em>

<em>Maximum profit = marginal cost (lowest at highest revenue)</em>

Yuki888 [10]4 years ago
3 0

Answer:

ask the manager about the marginal cost.

Explanation:

When a business wants to maximise profit it chooses the level of production that gives maximum revenue at lowest cost. Since the average cost is rising, the manager should ask for the marginal cost of production.

Marginal cost is the extra cost incurred for producing an extra unit of a product.

To maximise profit the manager needs to get a production level at which marginal cost is lowest at highest revenue.

You might be interested in
Gritz-Charlston is a 300-unit luxury hotel. All rooms are occupied when the hotel charges $80 per day for a room. For every incr
ki77a [65]

Answer:

The hotel should charge $201 per day in order to maximize profit

Explanation:

According to the given data we have the following:

The number of occupied rooms is 300-x, and x vacant rooms.

Hence, The revenue R(x) = (300-x) * ($80 + x), the number of occupiedrooms times the charge per room.

The cost C(x) = (300-x) * $22.

Therefore, The profit P(x) = R(x)-C(x) = (300-x) (58 + x) = 17400 + 242 x -x^2.

P'(x) = 242 - 2x.

Critical point: x= 121.

So Charge = $80 + x = $80 + $121 = $201

The hotel should charge $201 per day in order to maximize profit

6 0
4 years ago
Target's liabilities exceed owners' equity.<br> a) true<br> b) false
Likurg_2 [28]

Answer: True

Explanation:

As of February 2020, Target Corp's total liabilities were listed to be $30,946,000,000 while its shareholder equity was significantly lower at $11,833,000,000.

Target Corp therefore does indeed have liabilities that exceed owners equity and by a substantial amount. This has also been the trend since at least 2015.

4 0
3 years ago
if kono makes a particular choice, his utility, on average, is his: total well-being. middle utility. expected utility. normal w
RideAnS [48]

If Kono makes a particular choice, his utility, on average, is his expected utility.

In regular language, an average is a unmarried number taken as consultant of a listing of numbers, usually the sum of the numbers divided by means of how many numbers are inside the list (the mathematics mean). for example, the average of the numbers 2, three, 4, 7, and nine (summing to 25) is five. depending at the context, a median is probably another statistic which include the median, or mode. for instance, the common private profits is often given as the median—the number below which might be 50% of personal earning and above that are 50% of personal earning—because the imply might be misleadingly excessive via consisting of non-public earning from a few billionaires.

Learn more about average here

brainly.com/question/1136789

#SPJ4

3 0
1 year ago
unlimited liability and separate taxation of the business are advantages of a sole proprietorship.true false
statuscvo [17]

Unlimited liability and separate taxation of the business are advantages of a sole proprietorship.

The statement is False.

<h3>What is taxation ?</h3>

In practically every nation on the planet, governments impose taxes as mandatory levies on people or organizations. Although it can be used for other things as well, taxes are typically utilized to finance government spending.

Taxes are imposed on tangible property, including real estate and business dealings like stock sales or home purchases. Taxes exist in a variety of forms, including income, corporation, capital gains, property, inheritance, and sales taxes.

A fundamental method for nations to produce public revenues that enable them to support investments in human capital, infrastructure, and the provision of services for residents and enterprises is through the collection of taxes and levies.

To learn more about taxation from the given link:

brainly.com/question/1980107

#SPJ4

4 0
1 year ago
4. The structure of the Federal Reserve How does the Federal Reserve regulate the money supply? Check all that apply. By buying
gulaghasi [49]

Answer:

answered this

a, d, e. fed controls money supply through reserve requirements, open market operations and discount rate. It follows expansionary monetary policy during recession and contractionary monetary policy during inflation.

b and c applies. Federal reserve system is the central bank of US and consists of 12 federal reserve districts .There are seven members who are appointed by president for 14 year term.

Explanation:

6 0
4 years ago
Read 2 more answers
Other questions:
  • A single-unit investment comprising various stocks, bonds, and other investments is called a _____.
    7·2 answers
  • A new operating system for an existing machine is expected to cost $600,000 and have a useful life of six years. the system yiel
    13·1 answer
  • To make effective decisions in​ today's fast-moving​ world, managers need to​ ________.
    12·1 answer
  • The "Plan to Win" initiative is built around five factors that drive McDonald’s business: people, products, place, price, and pr
    6·1 answer
  • What role can the private sector play in poverty alleviation?
    5·2 answers
  • Distributive fairness pertains to a customer's perception of the benefits they received compared with the costs while procedural
    13·2 answers
  • Q-mart failed to include inventory that was kept in a separate warehouse in its 12/31 end-of-the-period inventory count. Consequ
    12·1 answer
  • Insurance can help you:
    6·2 answers
  • Seaside issues a bond that has a stated interest rate of 10%, face amount of $50,000, and is due in 5 years. Interest payments a
    13·2 answers
  • Jordan plans to lease a BMW from a local car dealership. Help Jordan understand the lease terms for this car.
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!