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
rodikova [14]
3 years ago
13

Suppose a firm hires both labor (L) and capital (C) under purely competitive conditions. The price of labor is PL, and that of c

apital is PC. The marginal product of labor is MPL, and that of capital is MPC. The firm sells its product competitively at a price of PX. Which of the following must pertain if the firm is to minimize the cost of producing any output?a.may be maximizing profits, but it is not minimizing costs b.may be minimizing costs, but it is not maximizing profits. c.is neither minimizing costs nor maximizing profits. d.is minimizing costs and maximizing profits.
Business
1 answer:
olasank [31]3 years ago
6 0

Answer:

The correct answer is C. is neither minimizing costs nor maximizing profits

Explanation:

A company that operates under the conditions described above, moves within a market in purely competitive conditions that ensures linear behavior of demand and supply, which is why it must establish the condition of minimizing costs so that the market does not harm, this means that in the purely competitive market you should not minimize costs or maximize established profits.

You might be interested in
Which of the following statements about money that is​ correct? A. Money is a completely stable store of value. B. Credit cards
dusya [7]

Answer:

i would say the answer is D. because all the other answers are not totally right.

3 0
3 years ago
H&R Block launched a $100 million marketing campaign to parlay the company's intimate knowledge of 20 million customers' fin
Stells [14]

Answer:

reposition

Explanation:

Reposition -

It is the method by which the status of the brand is changed in comparison to that of the other competing brands , is knows as the process of  reposition .

This process is affected by the changes occurring in the marketing mix against the change in the market , or it could be any reason which disables the objective of the brand's market .

hence , from the question , the correct term for the given information is reposition .

7 0
3 years ago
PromptMichael and Johnny are sitting at a bar having a few beers. Michael is a product engineer and Johnny is an electrical engi
larisa86 [58]

Answer:

No, there was no arrangement of any kind. It was either a common idea or a notion that Johnny shared with Michael.

Explanation:

There are a range of contracts or agreements, depending on the stage of the implementation of the concept of the invention, to safeguard the rights of the various stakeholders to the intellectual property of modern, concrete and original concepts and also to prevent any misuse or misappropriation of the concept, as follows-

  • Non-disclosure policy on confidentiality.
  • Non-compete agreement on the non-appeal of product rights by the recipient or listener of the definition.
  • Function on the contract of hire-employed if there is a co-inventor against any fraud.

And, in that case, there were none of the above agreements.

-In addition, ideas can not be covered solely until they are an Express that is real, original, and feasible. Since copyright protects speech and patents against inventions, the mere concept or idea of a product can not guarantee any legal right to design.

In fact, Mr. Johnny had not previously submitted a provisional patent application to defend his concept. It plays an important role in certain countries, such as the US, where the applicant can protect his idea on a provisional basis for up to one year by enabling his idea to be classified as 'patent pending.'

So, according to the above statements & evidence, Johnny did not have the legal right to the definition, but Michael did.

-Yeah, this is a breach of intellectual property rights. Since the term or idea was not Michael's own, it was taken from Johnny. But Johnny did not have the intellectual property right lodged to sue Michael due to lack of facts, i.e. an agreement signed by Michael against non-disclosure or non-competition.

4 0
3 years ago
Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, an
fgiga [73]

Answer:

Explanation: Journal Entries

Debit: Cash. $19.7m

Credit: Unearned Revenue $19.7m

Being sales of gift card for the month of December.

Debit: Unearned Revenue. $12.7m

Credit: Sales. $12.7m

Being actual gift card redeemed for the month if December.

Unearned Revenue a/c has a credit bal of $7m as unredeemed gift card. Its a liability to the company as they have the money but the cards are yet to be redeemed.

4 0
3 years ago
Read 2 more answers
Why do we subtract depreciation in the calculation of EBIAT if we are going to add it back as the next step of the Free Cash Flo
vladimir1956 [14]

Answer: Depreciation is tax deductible

Explanation:

Depreciation on assets is recognized by tax authorities as an expense that a business actually incurs so when the income statement is calculated, depreciation needs to be removed as the expense that it is so that taxes can be calculated on the profit.

Depreciation however, does not take actual cash from the company i.e the company does not actually pay anyone cash for depreciation like most other expenses. It needs therefore to be added back to the Free Cash Flow because the FCF deals with how much actual cash the company has which is something that Depreciation being a non-cash expense did not reduce.

3 0
3 years ago
Other questions:
  • Assuming Net Income for the year is $115,000, what is the net operating cash flows given the following information: Increase in
    11·1 answer
  • Which of the following is true of profit maximization?
    10·1 answer
  • "Simon has to create a long formal proposal. However, he is aware that today's readers are pressed for time and need help findin
    15·2 answers
  • Describe two disadvantages of early forms of money, and explain how they could have been fixed.
    15·2 answers
  • Singapore Airlines is recognized as an industry leader for exemplary customer service, and has continued to add new ways to serv
    9·1 answer
  • The difference between price elasticity of demand and income elasticity of demand is that A. income elasticity measures the resp
    5·1 answer
  • If sales are $400,000, variable costs are 75% of sales, and operating income is $40,000, what is the operating leverage
    6·1 answer
  • The graph shows the price of a good compared to the quantity demanded and the quantity supplied. A graph titled Price Controls G
    7·1 answer
  • When organizations recognize that there is a need to improve the state of people, the planet, and profits simultaneously if they
    12·1 answer
  • An organization based within the eu wants to avoid many of the strict guidelines regarding the protection of data subjects. As t
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!