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
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.

You might be interested in
The SBA is a source of assistance that provides small businesses with the following
Colt1911 [192]

Answer:

  • government contracting
  • advocacy
  • entrepreneurial development
  • access to capital

Explanation:

SBA is a US government agency whose core mandate is to support the growth of small businesses. The Small Business Association(SBA),  promotes economic growth by providing useful resources and information to help them start and develop small businesses.

The  SBA supports the advancement of small businesses in the following ways.

  1. Education and training,
  2. Providing information and links to affordable credit
  3. Connecting to government contracts
  4. Offering business advise
7 0
3 years ago
The lack of competition within a monopoly means that
nexus9112 [7]
The company could make the prices as high as they want. This is also means the company basically rules the business.
5 0
3 years ago
Read 2 more answers
True or false: When units produced are less than units sold, net income under absorption costing will be less than net income co
Oliga [24]

Answer:

True

Explanation:

Generally, net income will be the same under absorption costing and variable costing. However, producing fewer units than units sold will decrease the net income under absorption costing. As whatever the variable cost is under the absorption method, fixed manufacturing overhead remains the same that decreases the gross profit and net income. Under the variable costing, the fixed overhead will be calculated as per the units produced. Therefore, the net income will decrease proportionately.

6 0
3 years ago
On September 1 the Petite-Sizes Store paid $12,000 to the Mega-Mall Co. for 3-month rent beginning September 1. Prepaid Rent was
blsea [12.9K]
B) Rent Expense $4,000
Rent $4,000
6 0
4 years ago
KST Mart has large amounts of customer data. To understand customer purchase behavior, the company uses a process that automatic
Anton [14]

Answer:

B) data mining

Explanation:

Data Mining refers to the process of discovering patterns in large data sets using techniques like machine learning, statistics or database systems. The company uses this process to turn raw data into useful information for marketing , sales or cost management.

7 0
3 years ago
Other questions:
  • The final topic of the video is about leadership and structure. The speakers promote distributed centers which are similar to th
    10·1 answer
  • Alvin Electronics is in the process of reconciling its bank account for the month of November. The following information is avai
    5·1 answer
  • Which type of innovation occurs when the new product is released to the public?
    12·2 answers
  • The system that sorts packages in the FedEx Super Hub is called _________________________.
    6·2 answers
  • Because Fiona is not influenced by merit pay or sales commissions and she performs better in a highly structured job, Fiona has
    11·1 answer
  • Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale c
    13·1 answer
  • When recording Manufacturing Overhead, it is acceptable to use only one account (for both actual and applied) or to use two sepa
    7·2 answers
  • Which career cluster is the job of Elementary School Principal most likely a part of?
    14·2 answers
  • Steve and Hillary can mow the lawn in 60 minutes if they work together. If Hillary works three times as fast as Steve, how long
    15·2 answers
  • Corrine works in a doctor's office. Sometimes the office is slow with only a few clients. She always finds tasks to keep her bus
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!