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daser333 [38]
3 years ago
15

Economists normally assume that the goal of a firm is to

Business
1 answer:
Elina [12.6K]3 years ago
6 0

Answer:

Profit Maximisation

Explanation:

Profit is the difference between total revenue (receipts) from sale & total cost (expenditure) on production.

Total Revenue = Price x Quantity ; Total Cost = Average Cost x Quantity

Economists study all the producer behaviour, based on assumption that : Goal of firm is Profit Maximisation.

Maximising Profit implies maximising the difference between Total Revenue & Total Cost [ TR - TC] . This further leads to producer equilibrium rule of Marginal Revenue = Marginal Cost [MR = MC] ; i.e additional revenue per unit sold equals additional cost per unit production.

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A company's Cash account shows an ending balance of $4,600. Reconciling items included a bookkeeper error of $105 (a $525 check
aleksandrvk [35]

Answer:

$5,275

Explanation:

Bank Reconciliation Statement

Balance as per Cash Book              $4,600

Add check error                                   $105

Add unpresented checks                    $830

Less Lodgments not yet credited     ($260)

Balance as per Bank Statement      $5,275

therefore,

The adjusted Cash book balance is $5,275

6 0
2 years ago
Which abbreviation correctly replaces the underlined word? this year the family reunion will be in november in cleveland.
Brums [2.3K]
The answer is:  [A]:  " Nov. "
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4 0
3 years ago
If major earthquakes occur along active segments of the san andreas fault about every 200 years, when can another major event be
Aleonysh [2.5K]
It should generate another major event around 2050-2060
8 0
3 years ago
The main goal of resource development is to find ways to promote the central planning of resource utilization so that resources
Brilliant_brown [7]

Answer:

Allocate existing resources more efficiently among competing uses.

Explanation:

The main goal of resource development is to find ways that allocate resources more efificiently, to spread the available resources in a way that maximizes economic and social benefit taking into account the different competing uses.

Resource development does not necessarily promote central planning because it can make use of market strategies to achieve its goal, and it cannot increase the amount of resources available as well, because these are determined by the natural endownment that each area has.

4 0
3 years ago
Critical Thinking: You are at a party, and the friend you came with has had several drinks. He appears to be sober and shows no
abruzzese [7]

Answer:

Alcohol is alcohol, and depedning on your weight, even just 2 drinks in your system would be enough for you to be considered impaired. Your friend may feel fine, but after several drinks they are not functioning as well as they should, and will still get in trouble with the police if they get pulled over and are breathalized. Tell your friend that you will drive home; if you both have had drinks, find someone else to drive you or call a taxi. It doesn't matter if it was 1 drink or 6, alcohol is alcohol.

7 0
3 years ago
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