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
AnnZ [28]
3 years ago
7

How can producers maximize their profit?

Business
1 answer:
Alina [70]3 years ago
7 0

Answer:

the best possible answer is keep the marginal costs below marginal revenue.

You might be interested in
Katie Kwasi’s utility function is U(x1, x2) = 2(ln x1) + x2. Given her current income and the current relative prices, she consu
aniked [119]

Answer:

Katie Kwasi's Utility Function

The units of x1 that she will consume after the change in income is:

= 40 units of x1

Explanation:

a) Data and Calculations:

Katie Kwasi’s utility function, U(x1, x2) = 2(ln x1) + x2

Current consumption = 10 units of x1 and 15 units of x2

When her income doubles, with prices staying constant, Katie will consume:

= 2(2 * 10 of x1) + 15 of x2

= 40 units of x1 + 15 units of x2

Therefore, she will consume 40 units of x1 and 15 units of x2

b) The above function expresses mathematically Katie's utility to be a function of the units of x1 and x2 that she can consume, given her income constraint.  If her income doubles, Katie will consume double units of x1 and the same units of x2 as she was consuming before the change in income.

4 0
3 years ago
XYZ Co. has forecasted June sales of 400 units and July sales of 700 units. The company maintains ending inventory equal to 125%
Gnesinka [82]

Answer:

775 units

Explanation:

By forecast,

June sales = 400 units

July sales = 700 units

if ending inventory equal to 125% of next month's sales

Then June's ending inventory = 125% × 700

                                                  = 875 units

May's ending inventory = 125% × 400

                                       = 500 units

Opening inventory + production - sales = closing inventory

Using the formula above, where p = production

500 + p - 400 = 875

p = 875 - 100

p = 775

Production required for June is 775 units.

7 0
3 years ago
. _________________ results when an economy experiences high unemployment and high inflation at the same time
telo118 [61]

high prices of goods and the change of currency

Explanation:

the the government loses a huge amount of money the currency demands a high exchanging rate

6 0
2 years ago
The primary goal of the federal reserve system is to/12562961/289d096f?utm_source=registration
Finger [1]
The Federal Reserve System<span> often referred to as the </span>Federal Reserve<span> or simply the </span>Fed<span> is the central </span>bank<span> of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial </span>system<span>.</span>
3 0
3 years ago
Consulting immediately paid $500 cash for utilities for the current month. Given the choices below, determine the general journa
Andru [333]

Answer:

a. Utilities Expense 500

    Cash 500

Explanation:

Given: Consulting immediately paid $500 cash for utilities.

As $500 cash been paid for utility expenses.

We know the golden rule of accounting transaction:

  • Personal accounts: Debit the receiver, credit the giver.
  • Impersonal real account: Debit what comes in, credit what goes out.
  • Impersonal Nominal account: Debit all expenses and losses, credit all profit and gains.

Paid for utility expense of firm is not the personal account, however, it is impersonal account. In the given case, cash is going out of business.

Therefore, Debit all expense and losses and credit what goes out of business.

Journal Entry of the transaction:

Debit utility expenses account--- $500

     Credit cash account--- $500

5 0
4 years ago
Other questions:
  • On January 2, 2018, the Matthews Band acquires sound equipment for concert performances at a cost of $66,400. The band estimates
    12·1 answer
  • Henrique Correa's bakery prepares all its cakes between 4 A.M. and 6 A.M.so they will be fresh when customers arrive. Day-old ca
    15·1 answer
  • For what purpose are goods and services produced in a socialist economy?
    10·2 answers
  • Polar Containers makes​ high-end coolers for camping. The total task time needed to make a cooler is 310 ​seconds, with the long
    10·1 answer
  • Self-confident people tend to be willing to take more ________, which helps build more relationships.
    6·1 answer
  • Andy has been working at Aerial Corp. for a long time. He feels he is hard working and that he deserves a pay hike. He seeks a m
    5·2 answers
  • Gabby and Gus Malloy recently got preapproved on a loan for their first house purchase. They are speculating on how much they sh
    8·1 answer
  • Data concerning Hinkson Corporation's single product appear below: Per Unit Percent of Sales Selling price $ 140 100 % Variable
    5·2 answers
  • Find an article regarding full disclosure or the treatment of accounting changes. In 250-300 words, summarize the article that y
    14·1 answer
  • Preparing for an interview includes which of the following?
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!