The information about the marginal cost, average total cost, and average variable cost at the profit-maximizing point of production when a price ceiling has been imposed will be:
- Not higher than $10.
- Higher than $14.
- Higher than $10.
From the complete question, it should be noted that under perfect competition, in order to maximize profit, the price will be equal to the marginal cost. Based on the information given, the marginal cost won't be more than $10 due to the fact the ceiling price is at this price. Therefore, the <em><u>marginal cost</u></em><em> won't be more than $10.</em>
A firm in perfect competition will earn economic profit in the long run when the profit becomes zero. Therefore, the average total cost must be higher than $14.
Finally, the average variable cost won't be more than $10. This is because the price can't fall below the equilibrium price in order to maximize profit in perfect competition.
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Answer:
Blanchette Plant Service
ABC Costing Technique:
1. Total cost of the Kerry job:
Plants = $750
Direct labor = 1,300
Total cost = $2,050
2. Determination of operating income or loss (Kerry's job):
Service Revenue = $3,540
less cost of service 2,050
Operating income = $1,490
3. With desired operating income of 30% of cost:
Operating income = $615 ($2,050 x 30%)
The company can charge the Kerry job $2,665 ($2,050 + 615) or ($2,050 x 1.3)
Explanation:
Operating income or loss is the difference between revenue and costs of providing the services or goods. When the revenue exceeds the operating cost, the difference is an operating income. When the revenue is exceeded by the operating cost, the difference is an operating loss. While the former means that the organization has added value to its resources, the latter implies that the organization has lost some value to its resources, thereby reducing the equity of the owners in the business entity.
Jan's tees aim to create t-shirts from natural materials that are fully reusable and recyclable so that the firm uses zero resources to manufacture the shirts. This is known as cradle-to-cradle thinking.
Greenwashing is the process of giving false impressions or misleading information about how a company's products can be made more environmentally friendly. Greenwashing is seen as unsubstantiated claims to deceive consumers into thinking that a company's products are environmentally friendly.
Greenwashing is the process of misleading consumers and falsifying facts in order to portray a product as sustainable, environmentally friendly, and ethical. It's mismarketing and, unfortunately, a hindrance to real progress when it comes to brand accountability and customer knowledge.
Greenwashing presents non-climate-friendly or eco-friendly products as climate-friendly or eco-friendly, says Jeremy moss, professor of art, design, and architecture.
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<span>Sue did take appropriate actions as the site coordinator. Sue saw Aaron on the news under the suspicion that he committed a serious crime. It would not reflect well on her business to have a criminal being associated with it. If Sue saw Aaron on the news, it is likely others would have seen him too and choose not to use her site, in turn having a negative effect on the site.</span>
All of the benefits for <em>non-personal injury</em> cases must be reported as gross income for tax purposes. Since defamation isn't a personal injury claim, all of the award must be reported and is subject to taxation.
