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Margaret [11]
3 years ago
14

A company is trying to decide how many workers to hire. They want to maximize profits. What is the maximum number of workers the

company can hire to maximize profits while not having marginal costs exceed marginal revenue?
Business
2 answers:
Scorpion4ik [409]3 years ago
7 0

Answer:

USAtestprep answer is B.

Explanation:

The company should hire 9 workers to maximize profits. With the addition of the 10th worker, marginal costs exceed marginal revenue.

katovenus [111]3 years ago
3 0

The need to sit down and figure out how many workers they can afford to add to their company, withouth marginal costs exceeding marginal revenue. When they are deciding how many people to hire, they need to consider what their rolls will be, how much they are going to pay the workers, how many hours the workers will work and so on to determine the amount of workers to hire.

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In a period of rising prices, the inventory method that produces the lowest ending inventory is the:
Dmitry [639]

Answer:

LIFO Periodic method

Explanation:

The LIFO means Last In First Out this means that item that have been stocked today would be sold first although there’s still some inventory from previous periods.

Using LIFO would result in lower ending inventory because closing inventory would be valued at low price which they had been bought assuming that there’s now a hick in price and goods in the warehouse were stocked when prices were low.

LIFO is used for the manipulation of profit.

8 0
3 years ago
What is price discrimination?
balandron [24]
<span>the action of selling the same product at different prices to different buyers, in order to maximize sales and profits.
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5 0
2 years ago
Mitch is a director and officer of Numero Uno, Inc. Mitch makes a marketing decision that results in a dramatic decrease in prof
Stells [14]

Answer:

As long as Mitch acted in good faith and tried to make the best possible decision regarding all available information, and his decision was something that any other person could have made, his mistake has to be considered a bad or negative business judgement (business judgement rule). He thought that his actions would benefit the corporation, but he was wrong and the corporation lost money. That types of mistakes are considered normal and just that, mistakes that anyone can make.

In regards with the second issue, that Mitch is a shareholder and a director of a firm that will directly compete with Numero Uno, he must inform the board about this and resign to either Numero Uno or One of a Kind.

6 0
3 years ago
Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might th
Ronch [10]

Answer:

For example, Brexit. Brexit refers to the UK retreat from the European Union, one of the most famous economic unions in the world. The economic implications of Brexit are numerous, ranging from the new tariff regulations to the regulated movement of people and animals through the newly established borders.

As for individuals, let's see the example of an EU citizen seeking a Master's degree in the UK. That student may face a different tuition fee when applying after Brexit.

5 0
3 years ago
Cleftell Inc., a coal mining company in the United States, is the only supplier of coal in its area. The company is backed by th
Katarina [22]

Answer:

Oligopoly

Explanation:

Oligopoly - it is referred to as a marketing structure in which there are few suppliers in the market and every supplier has its own unique function and unique control over the market.

In the given question, cleftell Inc is also one of that firm which has its own control over the market that is why government back them so that they will supply the coal in discounted rate as before

3 0
3 years ago
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