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Yuliya22 [10]
3 years ago
6

Suppose a car manufacturer discovers that the marginal cost of the last car produced was $15,000, while the marginal revenue was

$14,000. In order to increase profits, the car manufacturer should __________ the quantity of cars produced.
Business
1 answer:
Vinil7 [7]3 years ago
8 0

Answer:

decrease

Explanation:

If the marginal cost of producing one extra unit is larger than the marginal revenue earned by selling one extra unit, then the production should either be reduced or halted.

Generally in very competitive industries, like car industries, when the marginal cost exceeds the marginal revenue then the company should stop production in the short run until the price increases.

One real life example we can use is the traditional sales battle to decide who sells the most sedan cars in America between Honda and Toyota. Toyota has the advantage of fleet selling over Honda, since Honda is not willing to offer steep discounts on fleet sales as Toyota does. But does selling more sedans equals larger profits? Not necessarily, since fleet sales require steep discounts, Toyota's profitability is reduced or nearly eliminated. Honda decides to lower their production levels so that their marginal costs don't exceed their marginal revenue.

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In reviewing a bank's balance sheet, the liabilities are greater than the assets. What is the best explanation that could
Alex777 [14]

Answer:

cash

Explanation:

The top line, cash, is the single most important item on the balance sheet. Cash is the fuel of a business. If you run out of cash, you are in big trouble unless there is a "filling station" nearby that is willing to fund your business

6 0
3 years ago
Read 2 more answers
During December, Rainey Equipment made a $658,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 1.
crimeas [40]

Answer:

Debit: Accounts Receivable 707,350

Credit: Sales Revenue 658,000

Credit: Sales taxes payable ([6% + 1.5%] × $658,000) = $49,350

Explanation:

3 0
3 years ago
Define Moore’s Law and explain why its consequences are important to business professionals today. State how business profession
balandron [24]

Answer:

Explanation:

1)Moore's Law was created by Gordon Moore, the co-founder of Intel Corporation. Moore's Law states that the speed of a computer doubles every 18 months. Because of Moore's Law, the ratio of price to computer performance has fallen and the cost of storage, data processing, and communication have dropped to nearly zero and any routine skill can be outsourced to the lowest bidder.

2)The text defined job security as a "marketable skill and the courage to use it". To attain job security, business professionals should develop their non-routine cognitive skills such as collaboration, the ability to experiment, systems thinking, and abstract reasoning. This course in introductory MIS requires students to learn these four keys skills because every topic will require us to apply and practice these skills.

3)1. Course gives students necessary background to assess, evaluate, and apply emerging information technology to business

2. Course leads the path to job security by educating students in marketable skills

3. Numerous MIS jobs are available

7 0
4 years ago
Countries with high rates of economic growth tend to have
Romashka-Z-Leto [24]

Answer: A labor force that is more productive

Explanation:

  According to the given question, a good productive labor force helps in producing the various types of products and the services in the market and also maintain the economical growth of the country.

 The high rates of the economical growth are tends to have a labor force which is more productive as it helps in supplying the finished goods and the services according the demand and the requirement of the customers.

The high productivity helps in increase the economical growth of an organization and also increase the umber of employment in the country.      

 Therefore, the given answer is correct.    

   

7 0
4 years ago
Which of the following materials could be potentially infected with bloodborne pathogens, assuming they are not mixed with human
Katena32 [7]

Answer:

Semen or vaginal secretions

Explanation:

"Bloodborne pathogens" refer to microorganisms that can be found in the blood or body fluids of humans. There are many kinds of bloodborne diseases such as <em>Hepatitis B</em> and<em> Hepatitis C</em> as well as <em>Human Immunodeficiency Virus (HIV).</em> They can be transmitted to another person through <em>having contact with the infected human blood or body fluids.</em>

Assuming that the materials above are not mixed with human blood (meaning, they are not contaminated with blood), then the semen or vaginal secretions are the only materials where the bloodborne pathogens can be transmitted. Thus, it is important <u>not to have sexual contact with the contaminated person such as people with HIV.</u>

So, this explains the answer.

4 0
3 years ago
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