Was horrible for growing crops if I remember correctly
Answer:
$720 and $180
Explanation:
According to the scenario, computation of the given data are as follows:
Premium for 3 years = $2,700
So, premium for 1 year = $2,700 ÷ 3 = $900 per year
Manufacturing operation percentage = 80%
Selling and administrative operation percentage = 20%
So, Premium for manufacturing operation = $900 × 80% = $720
And Premium for selling and admin operation = $900 × 20% = $180
<span>There is another type of business reporting that is used to make decisions. Analytical reports offer both information and analysis, but they also include recommendations. Offering recommendations is the biggest difference between informational and <span>analytical reporting.</span></span>
Answer:
The firm is not maximizing its economic profits.
Explanation:
When the marginal revenue exceeds the average total cost of production, it means that the firm is having profits.
Though this profit level is not maximized. For, the profit level to be maximized the marginal cost curve should be intersecting the average total cost curve at its minimum point.
Here, the marginal cost is less than average total cost. This means that ATC is falling and is yet to reach its minimum point.
So, the firm is enjoying profit but not maximizing it.
Suppose the firm is operating at Q, the profit will be maximized at Q'.