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
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.

You might be interested in
Without division of labor, no specialization. Discuss​
melomori [17]
Ncncncncmckckclslalamsnndnx
7 0
3 years ago
Read 2 more answers
Explain briefly what kind of Consumer Service is particularly open to an entrepreneur.
Crazy boy [7]

Answer:

Almost any Consumer Services enterprise is amenable to the entrepreneur, from personal services like pet care and yard maintenance to a clinical psychology and counseling practice. Particularly fertile in our current business landscape are Consumer Services tied to computers, electronics, the Internet, and social media.

Explanation:

3 0
3 years ago
Le Jouet is a profit-maximizing firm that produces toy trains. In France, its home country, it enjoys unchallenged market power
marysya [2.9K]

Answer:

The demand that Le Jouet faces for toy trains in France is less elastic than in Russia.

Explanation:

This is the statement that best describes the panorama that Le Jouet faces in France. When comparing the markets of France and Russia, we learn that the demand for toy trains in France is less elastic than the demand in Russia. Price elasticity refers to a measure of responsiveness of consumers. This measures how responsive consumers are to a price change.

6 0
3 years ago
A company has decided to discontinue a component of its business but, when the reporting period ends, the component has not yet
azamat

Answer: income from operations for the year and the amount by which the component’s fair value less cost to sell is less than book value

Explanation:

Discontinued operations is simply and accounting term which means the parts of the core business of a company that have either been shut down or divested.

With regards to the question, the amount that the company would report as income from discontinued operations would be the income or loss that was gotten from operations, that is revenues, the expenses, gains and the losses and the impairment loss.

Therefore, the correct answer will be option B "Income from operations for the year and the amount by which the components fair value less cost to sell is less than the book value".

5 0
3 years ago
Which is an example of a demand account?
Tamiku [17]

A demand deposit is an account with a bank or other financial institution that allows the depositor to withdraw his or her funds from the account without warning.

Answer is D. checking account as they allow the depositor to withdraw funds at any time.

7 0
3 years ago
Read 2 more answers
Other questions:
  • True or False: Entrepreneurs are willing to accept risks for an opportunity to earn a salary by producing a new, innovative prod
    11·1 answer
  • A project manager can identify the skills needed for the project from the:
    8·1 answer
  • How does el nino affect the economies of ecuador and peru?
    10·1 answer
  • Honda's new electric unicycle is very unique. It is steered by the rider leaning, computer stabilized through control of its sin
    6·1 answer
  • Bonita Industries has estimated that total depreciation expense for the year ending December 31, 2018 will amount to $583000, an
    11·1 answer
  • The ready availability of so much information catches some managers in this dilemma. 1. data overload 2. analysis paralysis 3. i
    5·1 answer
  • Jose has accepted a sales position at Business Solutions Corporation. Prior to this job, Jose worked in the electronics departme
    15·1 answer
  • In terms of innovation streams, what ____ occurred when customers purchased flat-screen computer monitors to replace the older,
    10·1 answer
  • Walter used to work as a high school teacher for $40,000 per year but quit in order to start his own painting business. To inves
    9·1 answer
  • Sinh viên hãy chứng minh rằng “Việc triển khai thực hiện mục tiêu chiến lược dài hạn về doanh thu của ABC đến năm 2025” có liên
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!