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iris [78.8K]
2 years ago
6

perfectly competitive firm sells pineapples for​ $4 each. MR​ = MC at a quantity of 600 units. Average total cost at the​ profit

-maximizing quantity is​ $2.75. This firm is earning a profit of
Business
1 answer:
mart [117]2 years ago
5 0

Answer:

$ 750

Explanation:

Total cost = average total cost × quantity = $ 2.75 × 600 = $ 1650

Total revenue = price × quantity = $ 4 × 600 = $ 2400

profit = $ 2400 - $ 1650 = $ 750

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Which of the following are true?
natima [27]

Answer:

III and IV

Explanation:

You don't have to be interested in something to be good at it. A job you like and accommodates your interests is not a guaranty.

8 0
2 years ago
Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) Calculate the number of days' sales in inven
rusak2 [61]

Answer:

A.3.63 times

B.95.5 days

C.21.0 times

D.13.5 days

Explanation:

a.

Inventory turnover = Cost of goods sold / Average inventories

Hence:

= $602,250 / $166,000

= 3.63 times

b.

Number of days’ sales in inventory = Inventory at year-end / Average day’s cost of good sold

= $157,575 / $1,650

= 95.5 days

Average day’s cost of goods sold

= Annual cost of good sold / 365

= $602,250 / 365 = $1,650

c.Accounts receivable turnover

= Sales / Average accounts receivable

= $821,250 / $39,100

= 21.0 times

d.

Number of days’ sales in accounts receivable

= Accounts receivable at year-end / Average day’s sales

= $30,400 / $2,250 = 13.5 days

Average day’s sales = Annual sales / 365

= $821,250 / 365

= $2,250

7 0
3 years ago
What is the function of a 3-compartment sink?
lord [1]
One for washing one for rinsing and one for sanitizing the dishes
8 0
2 years ago
Who would be more likely to join the cross-country team (individual sport) instead of the volleyball team (team sport) and want
fgiga [73]

Answer: Introvert with a high need for power

Explanation: An Introverted individual is one who is considered more thoughtful than social, with a personality more inwardly than outwardly directed and as one who often prefers to have time in non-social situations. Given this, an introvert with a high need for power, however, would be more likely to join the cross-country team, which is an individual sport, rather than the volleyball team (team sport) and want to be captain of the team rather than just be a member.

4 0
3 years ago
Read 2 more answers
If the consumption of a good generates positive externalities, then which of the following is correct? The government can subsid
vekshin1

Answer:

Both of these answers are correct.

Explanation:

Positive externality is when the benefits of economic activities to third parties exceeds its cost.

Activities that generate positive externality are

1. Education

2. Research and development

To encourage activities that have positive externality, government can subsidise such activities. Subsidies makes the activity cheaper and incentivise people to carry out such activities.

Market forces may lead to an underallocation of resources to producing the good. Therefore, the government might intervene in the allocation of the resources to increase efficiency.

I hope my answer helps you.

4 0
2 years ago
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