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
Ivanshal [37]
3 years ago
14

A firm has a fixed cost of $200 in its first year of operation. When the firm produces 99 units of output, its total costs are $

4,000. The marginal cost of producing the 100th unit of output is $700. What is the total cost of producing 100 units
Business
1 answer:
tatiyna3 years ago
3 0

Answer:

total cost of producing 100 units is $4700

Explanation:

given,

Fixed cost  =  $200

Total cost   =  $4,000

The total cost of n units = total cost of (n-1) units +marginal cost  of nth unit

The total cost of 100 units= total cost of 99 units+marginal cost  of 100th unit

The total cost of 100 units = $4000 + $700

                                         =4000+700

                                         =$4700

the total cost of producing 100 units is $4700

You might be interested in
What are consumer motives?
Marrrta [24]

Explanation:

The motivation for consumption comes from individual needs and desires, which may occur consciously and unconsciously. To meet their needs and wants, people identify and buy products and services that are compatible with their satisfaction.

There are several surveys and studies that seek to identify consumer behavior and explain how the purchasing decision process occurs. One of the most widespread theories in the world is Maslow's theory, which presented a hierarchy of needs that aims to identify a priority system of human needs satisfaction, divided into five parts, which are arranged in order of importance:

  1. physiological,
  2. safety,
  3. love,
  4. esteem and
  5. self-actualization

This theory is of great relevance to help marketers target their strategy according to the priority and need of individuals, including in their campaigns messages that send the consumer a sense of urgency for the product or service, directing marketing communication to the bottom of the hierarchy, which is the consumer's priority.

3 0
3 years ago
If a firm in a purely competitive market can differentiate its product or service, it becomes part of a(n) ________ market.
k0ka [10]

If a firm in a purely competitive market can differentiate its product or service, it becomes part of a monopolistic competition market.

Monopolistic competition is a type of imperfect competition in which many manufacturers compete with each other, but sell different products, so they are not perfect substitutes.

These sellers can calculate their prices based on the uniqueness of the products they are offering, so you cannot compete on price. Also, this company that

has full control or is trying to have full control of something, especially has areas of business that no one else is involved with. She didn't think the fines would be a sufficient deterrent to monopoly practices by large manufacturers. The company has been accused of monopolistic conduct.

Learn more about monopolistic  here

brainly.com/question/25717627

#SPJ4

5 0
1 year ago
All of the following statements regarding management accounting's role in assigning decision-making authority are true except: M
Olin [163]

Answer:

All statements are TRUE except Option "A"

Explanation:

Accounting control history is used for policy-making objectives, and historical information is redundant.

  • Managerial accounting is used for short-and long-term decision making that involve overall financial health. It helps businesses make administrative decisions–meaning to help increase the efficiency and productivity of the business–while also helping to make long-term investment decisions.

Therefore,all answers are correct except "A"

6 0
2 years ago
A company's net sales were $676,600, its cost of goods sold was $236,810 and its net income was $33,750. Its gross margin ratio
algol13

Answer:

13.01%

Explanation:

Gross Margin Ratio = \frac{Net Sales - Cost of Goods Sold}{Net Income}

Gross Margin Ratio = \frac{676,000 - 236,810}{33,750}

Gross Margin Ratio = \frac{439,190}{33,750}

Gross Margin Ratio = 13.01%

Gross Profit Margin is represented as (Percentage) %. Now, the Gross profit margin is really worth investigating. It not only helps when comparing Gross Profit Margin with competitors but is also helpful in investigating and comparing previous year's Gross Profit Margin. If the Gross Profit Margin fallen there could be number of reasons for this, one might be the cost of goods sold has gone up. On contrary, on the other hand the increase in Gross Profit Margin might be because of increase in selling prices.

7 0
3 years ago
anita is assigned to appraise a house in an area with very few sales over the past year. one of the comparable properties she ch
Vaselesa [24]

The action that Anita would have to take for the result of the foreclosed sale would be to Make a positive adjustment to the sales price of the foreclosed home.

<h3>What is a house appraisal?</h3>

This is the term that is used to refer to the unbiased opinion that Anita is going to have about this house. It is based on her professional opinion. The appraisal is required when there is a need to buy a property or to sell one.

In this question the action that has to be taken would be to Make a positive adjustment to the sales price of the foreclosed home.

Read more on appraisals here:

brainly.com/question/7595736

#SPJ1

3 0
1 year ago
Other questions:
  • Paragon Company
    12·1 answer
  • What caused consumer prices to rise following the war? . a.low demand and a surplus of produced goods . b.low demand and a short
    9·2 answers
  • The table shows the taxable income range and marginal tax rates for a single taxpayer in Oceania. There are no exemptions or ded
    14·1 answer
  • Crane Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $23,000 a
    15·1 answer
  • IKEA sells a portable workbench called the FARTFULL. The product has many positive features, and in German or Swedish markets, t
    9·1 answer
  • Which of the following statements is FALSE?
    6·1 answer
  • Real data vs nominal data what is the difference
    10·1 answer
  • As the price of good X rises from $10 to $12, the quantity demanded of good Y rises from 100 units to 114 units. Are X and Y sub
    8·1 answer
  • What would most likely happen if the government increased payroll taxes? retirees would discover they have fewer benefits than t
    13·2 answers
  • A merchandiser sold merchandise inventory on account. the journal entry to record a sales allowance in the books of the merchand
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!