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Arada [10]
3 years ago
10

A perfectly competitive firm is producing at the quantity where marginal cost is​ $6 and average total cost is​ $4. The price of

the good is​ $5. To maximize its​ profit, this firm should ________.
Business
1 answer:
victus00 [196]3 years ago
8 0

Answer:

The firm should decrease output, because the market price is $5, which is lower than the marginal cost of producing one more unit of output: $6.

However, the average total cost of producing output in this market is $4, so the firm should only produce up to the point where this cost is still $4, so that it can make a profit of $1 in the market.

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From 1970 to 1998 the U.S. dollar a. gained value compared to the German mark because inflation was higher in the U.S. b. gained
yawa3891 [41]

Answer:

lost value compared to the German mark because inflation was lower in Germany

Explanation:

Inflation is a persistent rise in the general price levels

Types of inflation

1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise

2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect  

If inflation of the currency of a country increases relative to that of another country, the value of that currency decreases

8 0
3 years ago
Name one way that a debit card and a credit card are different.
kirza4 [7]

Answer:

Explanation:

Debit cards typically pull funds from a checking account, while credit cards charge purchases using a line of credit. With a debit card, you're spending money from your own funds. Use a credit card and you're borrowing the money and eventually will have to pay it back to the card issuer, perhaps including interest.

6 0
3 years ago
Read 2 more answers
Break-Even Sales and Sales to Realize Income from Operations
strojnjashka [21]

Answer and Explanation:

The computation is shown below:

a.

Contribution per unit

= Selling price per unit - Variable costs per unit

= $300 - $200

= $100 per unit

Now  

Break even point (units)

= Fixed costs ÷ Contribution margin per unit

= $14,000,000 ÷ $100

= 140,000 units

And,

b)

Sales units required for a target profit of $1,400,000

So,

= (Fixed costs + Target profits) ÷ Contribution margin per unit

= ($14,000,000 + $1,400,000) ÷ $100

= 154,000 units

4 0
3 years ago
Erismus is defending against a lawsuit. Erismus's management believes the company has a slightly worse than 50/50 chance of even
OlgaM077 [116]

This amount would have to be recorded as not accrued in the circumstance that he is defending against a lawsuit.

<h3>What is a lawsuit?</h3>

A lawsuit is an action brought by one or more parties in a civil court of law against another party. Only a limited number of laws from long ago that are still in force include the phrase "suit in law."

The most frequent reasons to "sue" an employer are discrimination, harassment, wrongful termination, and workplace injuries, whether accusations are made or a lawsuit is filed directly. More information about each sort of claim is provided below.

Read more on lawsuits here:brainly.com/question/25389760

#SPJ1

required: Indicate the amount Erismus would record as an asset, liability, or not accrued in the following circumstances

Erismus is defending against a lawsuit. Erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000.

4 0
1 year ago
A corporation issued 100 shares of its $5 par value common stock in payment of a $1,800 charge from its accountant for assistanc
KIM [24]

Answer:

A $1,300 Credit to Paid in Capital in excess of par Common stock.

Explanation:

Common Stock value=Shares* Par value per share

Common Stock=100*$5

Common Stock=$500.

First we will prepare journal Entry:

Account                                    Debit                                Credit

Organization Expense              $1,800

Common Stock                                                                 $500

Paid in Capital in excess                                                  $1,300

of par Common stock.

So Correct option is:

A $1,300 Credit to Paid in Capital in excess of par Common stock.

3 0
3 years ago
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