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jeka94
3 years ago
6

(a) Argue whether or not a firm should continue production if its MR is lower than its AVC. (b) Support your argument with expla

nations.
Business
1 answer:
Delvig [45]3 years ago
4 0

Answer: A firm should not continue production when its MR is lower than its AVC.

Explanation:

The goal of every firm is to minimize cost and also maximize profits and therefore the firm will operate at the output level where the marginal revenue and the marginal cost equates.

A firm should not continue production when its MR is lower than its AVC. Here, the firm will incur a higher loss during production as producing will not offset the variable cost. Therefore, it's better to shut down.

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Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted
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Answer:

$4,083

Explanation:

Preparation of the Adjusted Cash Balance per Books on May 31

Adjusted Cash Balance per Books on May 31

Cash Balance per Books on May 31 $3,457

Add Notes Receivable and Interest Collected by Bank $853

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Less NSF Check ($180)

Adjusted Cash Balance per Books on May 31 $4,083

Therefore the Adjusted Cash Balance per Books on May 31 will be $4,083

6 0
3 years ago
In your own words what is demand
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telling somone to a specifc thing. it can be good or bad

Explanation:

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3 years ago
A society whose economic system is engaged in the processing and control of information is called a(n):
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Postindustrial society
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3 years ago
1. How is providing customer information to a law firm different than providing email addresses and symptoms to a pharmaceutical
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Answer:

How is providing customer information to a law firm different than providing email addresses and symptoms to a pharmaceutical company?

Both are live saving professions, every detailed of their clients must be well documented in order to get the best services as far as life is concerned. A law firm must be sure of every details submitted in order to tackle anything that might affect such clients in court of law while a client must provide a detailed information as regards his/her health in order to get the right prescription for health service

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4 0
3 years ago
A​ country's overall level of interest rates should have an impact on the financial account of the BOP. Relatively low real inte
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Answer:

<em>a. True</em>

Explanation:

Yes! the given statement is <em>very true</em>, because as we know that​ all the level of a nation's rate of interest has an influence on the BOP ( generally known as Balance Of Payments ) financial account, and also relatively low real interest rates are generally encouraged.

An outflow of funds are been pursued at a higher interest rates in an another nation's currency as well.

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