Answer:
Profit Maximisation
Explanation:
Profit is the difference between total revenue (receipts) from sale & total cost (expenditure) on production.
Total Revenue = Price x Quantity ; Total Cost = Average Cost x Quantity
Economists study all the producer behaviour, based on assumption that : Goal of firm is Profit Maximisation.
Maximising Profit implies maximising the difference between Total Revenue & Total Cost [ TR - TC] . This further leads to producer equilibrium rule of Marginal Revenue = Marginal Cost [MR = MC] ; i.e additional revenue per unit sold equals additional cost per unit production.
<span>The answer is the option B. Bolivian. Bolivia has historically been a single-product exporter country. In the past they exported tin and later silver. They continue having a mining based economy. Nowadays, their main commodities are gas and zinc. The market of tin collapsed in the '80s. Gold production and exports have increased enormously over the the past decade. Summarizing, by far the most important export product of Bolivia is gas, and they have increased the exports of other mining products like zinc, gold, silver. Other metals include antimony, iron and tungsten.</span>
Answer:
2. Variable
Explanation:
Delivery costs at Hernandez, Inc are variable costs because they depend on the level of output.
As it can be seen, in March, the units produced where 16,000, and the delivery costs were $20,000. However, in April, the units produced fell to 12,000, and the delivery costs also fell accordingly, to $18,000.
Answer:
The manufacturing industry helps support the global and national economies, as well as individuals and families.Manufacturing has always been on the cutting edge of technology. Relaying details about their jobs may be met with disinterest and boredom.Manufacturing affects almost everything in our lives.
Answer:
the journal entry to record the loan:
E.g. January 1, 202x, loan made to Ryan Company
Dr Notes receivable 69,000
Cr Cash 69,000
the journal entry to record the collection of the note:
E.g. January 31, 202x, note collected from Ryan Company
Dr Cash 69,575
Cr Notes receivable 69,000
Cr interest revenue 575
interest revenue = $69,000 x 10% x 30/360 = $575
