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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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A recent Small Business Administration study found that commercial banks provide between ________ percent of the credit availabl
scoray [572]

Answer:

64%

Explanation:

Commercial banks have been found to provide most of the credit needs of small businesses. So small business owners are more likely to get a loan from a commercial bank close to them.

Commercial banks however tend to be reluctant when the economy is stagnant. Mostly small businesses in an economy that is slow have challenges repaying loans collected.

However funds have been made available for small business and are made available primarily through commercial banks

7 0
3 years ago
P10-45. Analyzing and Interpreting Effects of TCJA Tax Law Changes. Pfizer Inc. reports the following footnote disclosure in its
forsale [732]
Woahhhh that’s a lot !!
5 0
3 years ago
Fashion Mart Corp., a clothing company, offers the best quality material made using the finest threads and advanced textile mach
const2013 [10]

Answer:

a differentiation advantage

Explanation:

This scenario best illustrates a differentiation advantage. This is basically when a company is able to offer a product that, despite being the same as the competitor's product, is slightly different or offers something that the competitors do not. This small difference is what attracts the customers and increases profits. In this case, Fashion Mart Corp is differentiating their product by providing a guarantee of quality, which the competitors offering similar products cannot offer.

7 0
2 years ago
When you get hired for a well-paying job, you will most likely view older used cars as complementary goods. normal goods. substi
valentinak56 [21]

When you get hired for a well-paying job, you will most likely view older used cars as<u> inferior goods.</u>

<h3><u /></h3><h3><u>What are inferior goods?</u></h3>

As consumer income rises, customer demand declines for a class of inferior goods. Low-cost alternatives to "normal products," or necessities like food and household supplies, are frequently found in inferior goods. For instance, when someone's wage is cut, they might buy cheaper, poorer things than they would otherwise. When their earnings increases again, they're more likely to buy regular things rather than cheap ones.

The word "inferior" refers to the product's price and perceived worth rather than its quality. The quality may occasionally be inferior to an equivalent standard good, but it may also occasionally be the same. In reality, there are occasions when the only distinctions between regular goods and equal substandard goods are the packaging and price of the goods.

Learn more about inferior goods with the help of the given link:

brainly.com/question/13377225?referrer=searchResults

#SPJ4

5 0
1 year ago
You are considering adding a new food product to your store for resale. You are certain that, in a month, minimum demand for the
Alenkasestr [34]

Answer:

Using EMV analysis, the number of units of the new product should be purchased for resale = Purchase 7.

The maximum EMV of profit you can make is 270.

Explanation:

We can use the following method to solve the given problem

Solution:

Using EMV analysis,

EMV (Purchase 6 for resale)= 6(40)(0.1) + 6(40)(0.4) + 6(40)(0.5)=240

EMV (Purchase 7 for resale) = [6(40)-60](0.1) +7(40)(0.4) + 7 (40)(0.5) = 270

EMV (Purchase 8 for resale) = [6(40)-2(60)] (0.1) + [7 (40) - 60] (0.4) + 8(40)(0.5)= 260

Largest EMV= 270; Choose to purchase 7 units for resale.

8 0
3 years ago
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