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Mice21 [21]
3 years ago
11

If a firm is currently in a​ short-run equilibrium earning a​ profit, what impact will a​ lump-sum tax have on its production​ d

ecision? A. The firm will not change output and earn a higher profit. B. The firm will decrease output to earn a higher profit. C. The firm will not change output but earn a lower profit. D. The firm will increase output but earn a lower profit. If a firm is currently in a​ short-run equilibrium earning a​ profit, what impact will an increase in variable factor prices have on its production​ decision? A. The firm will decrease output to earn a higher profit. B. The firm will not change output but earn a lower profit. C. The firm will not change output and earn a higher profit. D. The firm will decrease output and earn a lower profit.
Business
1 answer:
kirza4 [7]3 years ago
4 0

Answer:

Question 1:

The correct option is "C"

Question 2:

The correct option is "D"

Explanation:

Question 1:

A firm amplifies benefit b comparing minimal income (MR) with peripheral cost (MC). A change in fixed costs like singular amount charge doesn't change MC, in this way firm delivers same yield. Be that as it may, higher fixed cost expands absolute expenses, consequently benefit diminishes.  

Question 2:

Increment in factor cost will build MC and increment ATC, along these lines firm will diminish yield and benefit will fall.

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organized planning

Explanation:

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Scenario 13-6 Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As
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Answer:

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$380 (D.)

Explanation:

The cost of production of a good or service is the amount used up or forfeited in the production of the good or service. In this scenario, from Ziva used 10 hours for farming and because she dedicated 10 hours, if she had been available for her consultancy service which paid her $25 per hour, she would have earned a total of $250 at the end of the 10 hours she used in farming. In addition, she also spend $130 on the seed that she used for planting, which is the direct cost of farming (production). Hence the total amount given up in the farming process will make up the total cost of farming, and this includes; the $250 given up for consultancy, and the $130 spent on seeds, hence, the total cost of production is;

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6 0
3 years ago
Olivia is ordering trendy necklaces and earrings made with semi-precious stones from a supplier in Belize, for her city boutique
PtichkaEL [24]

Answer:

<u>b. False</u>

<u>Explanation:</u>

<em>Remember, </em>the term social responsibility in this context refers to an individual doing what would benefit society first, over any gain he may derive if he does otherwise.

For example, we are told that there is "low paying wages in Belize," which means low worker welfare, thus, even if no labor laws were been broken in his country, Olivia has a social responsibility to pay fair prices for the necklaces and earrings.

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