Answer:
False.
Explanation:
(1) Units produced = 24 units of output
At the 24th unit of output,
Marginal revenue = $5
Marginal cost = $4
MR ≠ MC
At the 25th unit of output,
Marginal revenue = $4.50
Marginal cost = $4.50
MR = MC
At the 26th unit of output,
Marginal revenue = $4
Marginal cost = $5
MR ≠ MC
A firm maximizes its profit at a point where the marginal revenue is equal to the marginal cost i.e. MR = MC.
It is clear from the above scenario that this firm doesn't stop at 24 units of output because at this point of production profit maximizing condition is not fulfilled which means MR ≠ MC.
This firm should stopped at 25 units of output where marginal revenue is equal to the marginal cost from the 25th unit of output.
It seems that you have missed the necessary options for us to answer this question so I had to look for it. Anyway, the answer that would best complete the given statement above is the word CLASSICAL. <span>While discussing approaches to boost organization productivity, rene, the president of an auto manufacturer, was interested in a rational approach that through the application of scientific methods, time and motion studies, and job specialization found it is possible to increase productivity. This is the essence of the CLASSICAL viewpoint. Hope this helps.</span>
Answer:
$273,400
Explanation:
Given that,
Wages and salaries = $349,000
Depreciation = 290,000
Utilities = 199,000
Total = $838,000
Cost to be allocated to Assembly cost pool
:
= (Wages & salaries × 35%) + (Depreciation × 35%) + (Utilities × 25%)
= ($349,000 × 35%) + (290,000 × 35%) + ($199,000 × 25%)
= $122,150 + $101,500 + $49,750
= $273,400
Answer:
3 business days after notice of acceptance
Explanation:
Earnest money has to be deposited by the buyer within three business days of acceptance of contract.
Earnest money is about 1 - 5% of the price stated in the contract.
If the buyer fails to pay the rest of the money stated in the contract, the seller can keep the earnest money deposited. But if the contract is terminated because of some problem with the house or the seller, then earnest money should be returned to the buyer.
