Answer:
False.
Explanation:
(1) Units produced = 24 units of output
At the 24th unit of output,
Marginal revenue = $5
Marginal cost = $4
MR ≠ MC
At the 25th unit of output,
Marginal revenue = $4.50
Marginal cost = $4.50
MR = MC
At the 26th unit of output,
Marginal revenue = $4
Marginal cost = $5
MR ≠ MC
A firm maximizes its profit at a point where the marginal revenue is equal to the marginal cost i.e. MR = MC.
It is clear from the above scenario that this firm doesn't stop at 24 units of output because at this point of production profit maximizing condition is not fulfilled which means MR ≠ MC.
This firm should stopped at 25 units of output where marginal revenue is equal to the marginal cost from the 25th unit of output.
Discipline plays a role in teaching the child what's wrong and right in the world, and it helps the child interact with the public in an effective and safe manner.
Some forms of discipline that best serve the self-esteem of the child are emotion coaching and boundary-based discipline. Emotion coaching is a process that involves teaching the child which emotions are which, and helps them self-identify if they angry, mad, or sad. Boundary-based discipline is discipline that is explicitly stated for the child to follow, where the consequences for each action the child makes are clearly stated so that they will learn what is wrong and what is right.
Answer: D. Product costs are expensed in the period the related product is sold
Explanation:
The statement that is true with regards to product cost is that product costs are expensed in the period the related product is sold.
It should be noted that the account for the cost of goods sold consist of product cost. In a situation whereby goods are not sold, the goods will be carried to the next period.
Answer:
Marty is 60 percent sure that he can save the project the amount of $7,000 which means that the amount of $4,200 will tend to depict the 60 percent certainty Amount of the savings
Explanation:
What would the risk be based on the information given in a situation where he is 60 percent sure that he can get the facility needed for the amounts of $45,000 in which the amount is lower that the amount of $7000 that was planned for is that Marty is 60 percent sure that he can save the project the amount of $7,000 which means that the amount of $4,200 which is simply calculated as (60%*$7,000) will tend to depict the 60 percent certainty Amount of the savings.
Answer:
D) eminent domain.
Explanation:
In the US, eminent domain is the right of a government entity (local, state or federal government) to take private land and assign a public use to it. This government expropriation is carried out with a compensation payment done to the landowner.
In this case, the municipal government of Orlando is going to expropriate Neil's land and use it to expand a thoroughfare (road or avenue) through the city. The city will pay Neil a certain amount of money for taking away his land and suing it for a public service.
The 5th amendment of the US Constitution states that eminent domain must be carried out only after the landowner has been compensated for his/her loss.
