All categories

4 years ago

When a manager chooses to produce a quantity where marginal revenue exceeds marginal cost, ________.

Business

1 answer:

nexus9112 [7]4 years ago

8 0

Answer:

Explanation:

When a manager chooses to produce a quantity where marginal revenue exceeds marginal cost, the company is not earning all the profit that it can.

You might be interested in

Which of the following will shift the supply curve to the left?

seropon [69]

Answer:

The correct answer is option a.

Explanation:

An increase in the price of inputs of production will cause an increase in the cost of production. The firm will now be able to produce less at the same cost.

As a result, the supply of the commodity will decline. this causes the supply curve to shift to the left further causing an increase in the price of the product.

4 0

4 years ago

A metallurgist has one alloy containing 26%26% copper and another containing 69%69% copper. How many pounds of each alloy must h

Brilliant_brown [7]

Answer:

Ans. He must use 2,987.76 pounds of alloy X (Cu=69%) and 2,365.24 pounds of alloy Y (26%=Cu)

Explanation:

Hi, let´s call alloy X the alloy that contains 69% of Cu and alloy Y the one containing 26% of Cu. Since he needs to produce 5,353 pounds of alloy, the first equation that we need to use is the following.

$X+Y=5,353$

Now, we need this 5,353 pounds of the new alloy to be 50% Cu, therefore, we have to use a portion of alloy X and alloy Y. This is as follows.

$0.69X+0.26Y=0.5(X+Y)$

And we have already established that X+Y is equal to 5,353, therefore this equation should look like this.

$0.69X+0.26Y=5,353*0.5$

$0.69X+0.26Y=2,676.5$

And we solve for X this equation, this as follows.

$0.69X=2,676.5-0.26Y$

$X=\frac{2,676.5-0.26Y}{0.69}$

$X=3,878.98-0.3768Y$

Now, we use this result and substitute this for X in the first equation like this.

$3,878.98-0.3768Y+Y=5,353$

and then, we solve for Y

$0.6232Y=5,353-3,878.98$

$Y=\frac{1,474.02}{0.6232} =2,365.24$

So, he needs to use 2,365.24 pounds of alloy that contains 26% of Cu, this means that the rest (2,987.76 pounds) must come from the alloy that contains 69% of Cu.

We can check this result by finding the overall Cu obtained by this amounts of alloy, that is

$Coppper FromX=2,987.76*0.69=2,061.55$

$Coppper FromY=2,365.24*0.26=614.96$

That adds up to 2,676.51 pounds of pure Cu, and since the total weight of the new alloy is 5,353, this amount of copper makes up for:

$PercentCu=\frac{2,676.51}{5,353} =0.5$

50% of the total weight.

Best of luck.

7 0

3 years ago

Is the inside of your car feeling hot on a summer day conduction, convection, or radiation

weqwewe [10]

Conduction because heat is directly transmitted through a substance where there is a difference of temp. without movement of material :)

6 0

3 years ago

When government gives money to a college student this is an example of a consumer

Scilla [17]

Answer:

When government gives money to a college student this is an example of a consumer subsidy.

Explanation:

A government performs different roles in the economy of a company to ensure that income and resources are equally distributed to various people in the country. For example, the government utilizes economic policies to ensure that economically vulnerable groups in the society are given a chance towards economic growth by providing them with subsidies and low-cost loans, housing and healthcare to ensure that they have a chance at growing economically. Another way the government distributes income and resources is by providing tax cuts to the poor or those with low income while at the same time increasing taxes to the rich and wealthy. Examples of vulnerable groups in the society are; the poor, people with low income, the unemployed, people of old age, and the youth and children.

In our case,we will consider consumer subsidy. Consumer subsidy is the act of providing benefits to a certain group in the society. The benefits can be in the form of; tax cuts and cash payments to that particular group or individual. An example is the government giving money to a college student in the form of consumer subsidy. College fees is usually very high and cannot be afforded by most students, government subsidies assist these students to go to college.

8 0

4 years ago

Before the year began, Venus Manufacturing estimated that manufacturing overhead for the year would be $ 175 comma 900 and that

Veseljchak [2.6K]

Answer:

Allocated MOH= $136,479

Explanation:

Giving the following information:

Estimated that manufacturing overhead for the year= $175,900

Estimated Direct labor hours= 25,900

Actual direct labor hours= 20,100

First, we need to calculate the predetermined overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 175,900/25,900= $6.79 per direct labor hour

Now, we can allocate the overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 6.79*20,100= $136,479

4 0

3 years ago