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
zzz [600]
2 years ago
7

The three basic questions in Economics are all of these, except _____________________.

Business
2 answers:
nata0808 [166]2 years ago
4 0
The three basic questions in Economics are all of these,except When to produce
miss Akunina [59]2 years ago
3 0
How to produce ......
You might be interested in
Suppose a competitive firm has​ cost, C​ = ​(0.002q3​) ​+ (22q)​ + 750, marginal​ cost, MC​ = 0.006q2​ + 22, and​ revenue, R​ =
aniked [119]

Answer:

 Options B and C are correct.

  • Marginal profit is negative.
  • Profit is positive.

Explanation:

At q = 150

R = 80q = 80(150) = 12,000

C = 0.002(150)3 + 22(150) + 750 = 6750 + 3300 + 750 = 10,800

R > C so first is incorrect.

MR = 80

MC = 0.006(150 x 150) + 22 = 135 + 22 = 157

MC > MR so B is correct.

Profit = TR - TC = 80(150) - 0.002(150)3 - 22(150) - 750 = 12000 - 10800 = 1200

Profit is positive.

Marginal profit = MR - MC = 80 - 157 = - 77

MR is Negative

3 0
2 years ago
HELPP on question 10
Lynna [10]

Answer:

land?

Explanation:

4 0
3 years ago
Read 2 more answers
To maximize profits, a firm should continue to increase production of a good until?
Butoxors [25]

To maximize profits, a firm should continue to increase production of a good until marginal revenue is equal to marginal cost.

According to the cost-benefit analysis, a company should continue to increase production until marginal revenue is equal to marginal cost. A manager maximizes profit when the value of the last unit of product (marginal revenue) equals the cost of producing the last unit of production (marginal cost)

What Is Marginal Revenue?

Marginal revenue is the increase in revenue that results from the sale of one additional unit of output.

What Is Marginal Cost?

In economics, the marginal cost is the change in total production cost that comes from making or producing one additional unit.

to learn more about Marginal Revenue click below

brainly.com/question/13563292

#SPJ4

7 0
2 years ago
Should all small businesses have websites and utilize social media​
SIZIF [17.4K]

Answer:

Yes

Explanation:

You need to inform people of your business and what they do!

8 0
3 years ago
Read 2 more answers
Why might a company choose a process costing system over a job order costing system? How are the two systems similar, and how ar
ch4aika [34]

As organizations that use work order costing maintain track of materials and other resources for each project item, this method often necessitates more thorough record keeping than a process costing. However, in systems that use process costing, each production or process department has its own inventory account and aggregates expenses.

<h3>How are the 2 systems similar?</h3>
  • Both approaches serve the same fundamental objectives: to provide a framework for calculating unit product cost and to assign material, labor, and overhead costs to items.
  • The same fundamental manufacturing accounting principles are used by both systems, including production overhead, raw materials, work in progress, and finished goods.
  • In both systems, the cost flow through the manufacturing accounts is essentially the same.
<h3>What are the differences between the two?</h3>

There are two reasons why work order costing and process costing differ from one another. The first is that a process costing system has a flow of units that is essentially continuous, and the second is that these units are interchangeable. Since each order is just one of many that are filled from a continuous flow of almost identical units from the manufacturing line, it makes no sense to try to identify materials, labor, and overhead costs with a specific order from a customer (as we do with job order costing). Under process costing, costs are accumulated by the department as opposed to orders, and they are then uniformly distributed to all units that go through the department over the course of a time period.

The fact that process costing does not employ the job cost sheet since its emphasis is on departments is another distinction between the two costing methodologies. For each department that works on items, a production report is created as opposed to a task cost sheet. The production report fulfills a number of purposes. It gives a summary of how many units pass through a department in a given time frame and computes unit costs. Additionally, it displays the expenses incurred by the department and the decision made regarding such expenses. In a process costing system, the department production report is a crucial document.

Therefore, above are all the differences and similarities between the 2 systems.

For more information on the Costing system, refer to the given link:

brainly.com/question/24516871

#SPJ4

4 0
1 year ago
Other questions:
  • You are the head of HR at an organic foods manufacturer. Your goal is to enable HR to transform the functioning of the company t
    15·1 answer
  • Triangle Enterprises has no debt but can borrow at 8 percent. The firm's WACC is currently 13.2 percent, and there is no corpora
    5·1 answer
  • Financial statement data at December 31 for Ecco Company are shown below. Cost of merchandise sold $552,500 Inventories: Beginni
    11·1 answer
  • What are unlawful questions to ask during an interview
    14·2 answers
  • DAA's stock is selling for $15 per share. The firm's income, assets, and stock price have been growing at an annual 15 percent r
    6·1 answer
  • Mr. and Mrs. Sloan incurred the following expenses during the current year, when they adopted a child: Child's medical expenses
    9·2 answers
  • A commercial real estate loan may take 90 days from the signing of the purchase and sale contract until loan closing. Therefore,
    6·1 answer
  • When establishing an ad campaign in a foreign country, what does the difference in currency exchange rate affect the most?
    9·1 answer
  • Joanna is a Master Sergeant in the U.S. Air Force. In June of 2019, her duty station changed from Offutt Air Force Base in Nebra
    12·1 answer
  • From which country canada exports 2%
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!