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valentina_108 [34]
3 years ago
12

Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pro

duction, the average variable cost is $8.00, and the average total cost is $8.25. Mrs. Smith should
Business
1 answer:
Luba_88 [7]3 years ago
3 0

Answer:

Mrs Smith either shut down the business or invest in efficient equipements that lowers the total cost to below $7

Explanation:

The reason is that the you can not make profit if you product is sold in the market at a higher price than the competitor who offers the same product with the same features. So here, Smith can not make profits by selling the product at $8 because here total cost is $8.25 per unit.

So either she should invest in the business equipments which bring efficiencies and keeps the total costs to below $7 or she should shut down her business because the business is turned into loss making machine.

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34kurt

Answer:

$22,050

Explanation:

The computation of the total budgeted variable selling and administrative expenses for October is shown below:

Sales Commission (9,000 × $0.60) $5,400  

Shipping (9,000 × $1.2) $10,800

Advertising (9,000 × 0.3) $2,700

Other (9,000 × .35) $3,150

Budgeted Variable Selling and admin expenses $22,050

We simply added all the variable selling and admin expenses so that the total could arrive

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3 years ago
Courtney invested in RAD, Inc. stock nine months ago. She is considering tax planning strategies at the end of the year and is p
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The valid reason for selling the stock now is that the -Courtney is concerned that the value of the stock will decline in the near future.

Explanation:

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A friend has advised Courtney that she should hold the stock for at least three more months in order to have a long-term holding period. but the consideration of Courtney that the value of the stock will decline in the near future is the reasons why she was to sell the stock at the earliest despite taking her friends advice

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3 years ago
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what are the options


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The exchange-rate effect is one of the reasons why the aggregate demand curve is downward sloping.
Tju [1.3M]

Answer:

True.

Explanation:

True, the given statement is right because the exchange rate or price of the currency is inversely related to the demand. when the exchange rate increases that means the price of the currency is increasing and in that case, the demand for the currency falls. If the exchange rate falls or the price of currency falls then demand for the currency rises that indicate the inverse relationship between the exchange rate and the aggregate demand. therefore, the aggregate demand curve is sloping downwards.

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Answer:

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Explanation:

Social media is used for the interaction and connection of people mostly with similar interests or characteristics in various arms of life and also at places of work. most social media profiles contains the age,family,composition and sexual orientation of the user and in some case religious affiliation and this might lead to hiring discrimination when employers use the social media for recruitment purposes.  social media most definitely reduces productivity in the workplace when employees engage themselves on social media while at work

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