Answer:
C) increase production.
Explanation:
Competitive firms maximize their accounting profits when marginal revenue (MR) = marginal cost (MC).
In a perfectly competitive market, all the producers and the consumers are price takers, so they cannot change the price of the goods. So changing the sales price is not possible. Since the marginal revenue is greater than the marginal cost, the firm should increase its production output until MR = MC.
Answer:
Economic costs include both explicit costs and implicit costs.
Explanation:
- In economics, costs can be in the form of explicit and implicit as implicit costs are opportunity costs and are opportunities for engaging in business. While the explicit costs are accounting costs which are involved in the production of raw matter, wages etc.
The one that represent typical account fees are : minimum balance fees,
service fees, and/or ATM fees. These are all common in personal
finances.
Minimum balance fees is the the fees needed to make your
account stays afloat, service fees is the fee that covers your
operational service while ATM fees is the fees to maintain your ATM
Card.
Answer:
The computations are shown below:
Explanation:
Return On Assets = Net income ÷ Average Total Assets × 100
where,
Average of Assets = (Beginning Total Assets + Ending Total Assets) ÷ 2
= ($75,183 + $116,371) ÷ 2
= $191,554 ÷ 2
= $95,777
So, the return on investment is
=$25,922 ÷ $95,777 × 100
= 27.06%
Profit Margin = Net income ÷ Sales × 100
= $25,922 ÷ $108,249 × 100
= 23.95%
Assets Turnover = Sales ÷ Average of Total Assets
= $108,249 ÷$95,777
= 1.13
Answer:
Read the entire application
Explanation:
I'm on Odyssey - ware at this moment so if you're on there that should be it. In the sections 4 of 5 it stats " Read the entire job application before beginning. This helps you decide what information is required and where it will be placed on the application. "
Sorry I'm very late, but hope this helps anyone doing this question as well!
