1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Maru [420]
3 years ago
15

A perfectly competitive small organic farm that produces 1,000 cauliflower heads in the short run has an ATC = $6 and AFC = $2.

The market price is $3 per head and is equal to MC. In order to maximize profits (or minimize losses), this farm should:
Business
1 answer:
Mamont248 [21]3 years ago
5 0

Answer:

the firm should shut down, at least temporarily until the marginal revenue increases or definitely if the marginal revenue doesn't increase

Explanation:

if average total costs = $6 and average fixed costs = $2, then average variable costs = $6 - $2 = $4

since the average variable costs are higher than marginal revenue: $4 > $3, then the company is losing money (-$1) every time it sells its products.

You might be interested in
Johan Co. has an intangible asset, which it estimates will have a useful life of 10 years, while Abco Co. has goodwill, which ha
Marrrta [24]

Answer:

Johan Co.

Explanation:

Since in the question it is given that the Johan Co. has an intangible asset and we already know that on an intangible asset, the amortization expense is charged whereas on the other side the Abco Co has goodwill on which the impairment is charged

So, in the given scenario, the amortization should be reported on Johan Co financial statements only

5 0
2 years ago
what is the term that refers to the functions used to move products through the channel to the consumer?
Readme [11.4K]

The term that refers to the functions used to move products through the channel to the customer is distribution

5 0
2 years ago
A company paid $43,800 plus a broker's fee of $675 to acquire 7% bonds with a $46,000 maturity value. the company intends to hol
Alona [7]

When the bonds will mature, the company will receive, maturity value plus the interest earned on the bonds.

The maturity value will be the par value, as nothing is given, the bonds are redeemed at par value i.e. $ 46,000.

The interest income will be calculated as -

Interest Income = 7 % * $ 46,000 = $ 3,220

Thus, the total cash proceeds = $ 46,000 + $ 3,220 = $ 49,220

3 0
2 years ago
In a free market, how might Italian restaurants react to a shortage of pizza?
Contact [7]
They would raise the price so not as many people will order it I believe
3 0
3 years ago
If the direction in managerial work today is away from command and control, what is it toward?(a) Coaching and facilitating (b)
vagabundo [1.1K]

Answer:

(a) Coaching and facilitation

Explanation:

Coaching refers to polishing the skills of the employees by imparting knowledge and adequate training so that they are able to contribute efficiently as well as perform to their potential.

Facilitation refers to easing out the processes or making complex tasks easier. Facilitation refers to the act of simplifying a task.

Command and control tend to be imperative, domineering and authoritative.  Those two terms also point towards rigidity and inflexibility.

Thus, shift in managerial work from command and control has been towards (a) Coaching and facilitation.

6 0
3 years ago
Other questions:
  • Which of the following statements includes the most useful guidance for practicing accountants concerning the FASB Accounting St
    14·1 answer
  • What is an engineers primary consideration, according to the NSPE's code of ethics?
    12·1 answer
  • Direct selling is a retail channel where salespeople interact with customers face-to-face. Group of answer choices True False
    14·1 answer
  • List and describe the three communities of interest that engage in an organization’s efforts to solve InfoSec problems. Give two
    6·1 answer
  • This past year inflation in Snowdonia has increased to 150%. As an economic analyst, you are charged with identifying those sect
    15·1 answer
  • Each day, Tasty Tortilla Company incurs total costs of $8,000 to process flour into tortillas. The company can then sell the tor
    5·1 answer
  • Quien es el Dueño de fedex
    14·1 answer
  • A phrase that refers to the trade-offs
    14·1 answer
  • In a market system, scarce goods are allocated through the operation of fixed prices that are determined by consumers and produc
    8·1 answer
  • H..................................
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!