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Aleonysh [2.5K]
3 years ago
14

A firm facing a price of $10 in a perfectly competitive market decides to produce 100 widgets. If its marginal cost of producing

the last widget is $12 and it is seeking to maximize profit, the firm should ______.
Business
1 answer:
wel3 years ago
8 0

Answer:

produce fewer widgets until the marginal cost = $10

Explanation:

In a perfectly competitive market, all suppliers and consumers are price takers, so this company cannot increase its price so that it matches its marginal cost. Therefore, the only option it has is to try to lower its marginal cost is by lowering total production.

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Specifying a goal value allows Google Analytics to calculate _______ Revenue per Click Bounce Rate Ecommerce Revenue Average Ord
mario62 [17]

Answer:

The correct answer is Revenue per click.

Explanation:

Cost-per-click (CPC) also known as pay-per-click (PPC) is a traffic acquisition model widely used for certain marketing objectives. In the CPC model, the advertiser does not pay based on the audience that sees an advertisement, but rather on the basis of the user who responds to the advertisement, clicking and expressing his interest in visiting the advertiser's website to learn more.

4 0
3 years ago
Shanghai Disney was officially opened in June, 2016. In light of EuroDisney’s and Hong Kong Disney's poor performance during its
Tems11 [23]

Answer:

This is an analytic study you have to do. Based on the articles you have to find about Shanghai Disney, you must analyze the performance of Shanghai Disney. Then you must make recommendations of your own in which you make suggestions as to how Shanghai Disney can improve on their current performance.

A suggested outline for your answer in performance analysis could be as follows:

- Introduce and identify the points of your analysis

- Explain each key performance indicator you have identified and discuss such as revenue, profit margin, client retention rate, daily attendance.

- Make comparisons to the performance of EuroDisney and Hong Kong Disney's performance. Indicate in your discussion if Shanghai Disney's performance is better in comparison and why this is so.

-Then make recommendations on how Shanghai Disney can improve their performance.

Explanation:

Performance analysis reviews a number of techniques used by a business in their performance over a period of time. This is done studying and analyzing key performance indicators which are factored into the analysis.

Key performance indicators:

Revenue: shows how productive the business has been. A simple calculation can be done to show this, revenue given for a period divided by the number of clients in that period.

Profit margin: the business relies on a profit margin to sustain itself going forward. Considerations that influence this margin is the costs incurred in relation to income received.

Client retention rate: This is based on the percentage of clients a business retains. This is vital for long term sustainability in a business.

Daily attendance: this is based on the average number of clients who visit or attend or frequent the business on a daily basis. This impacts on the profit margin and the client retention rate of the business.

8 0
3 years ago
Norris Company declared cash dividends of $60,000 during the year. Cash dividends payable were $20,000 at the beginning of the y
Schach [20]

Answer:

Dividend paid during the year will be $55000

So option (B) will be the correct answer

Explanation:

We have given dividend declared during the year=$60000

Dividend payable at the beginning of the year=$20000

Dividend payable at the end of the year=$25000

We have to find the dividend paid during year

Dividend paid during the year=Dividend payable at the beginning of the year+ Dividend declared during the year-Dividend payable balance at the end of the year

Dividend paid during the year=$20000+$60000-$25000=$55000

So option (b) will be the correct answer

5 0
3 years ago
If Rajiv's Fire Engines were a competitive firm instead and $125,000 were the market price for an engine, decreasing its price f
Sonbull [250]

Answer:

b) False

Explanation:

The price reduction will stimulate demand for Rajiv's Fire Engines, in the short run, before competitors catch up or even overtake the firm with price reduction strategies of their own.  This will in turn drive sales and the production quantity to increase marginally in the short-run.  However, in the long-run, because the market is competitive, Rajiv Company will not totally benefit from the price reduction as the price war intensifies among the competitors.

5 0
2 years ago
Why might complaints of age discrimination grow when the economy is slow? companies work very hard to retain their best talent i
siniylev [52]

Companies may try to lower their labor costs by laying off higher paid workers.

Typically the higher paid workers will be professionals who have worked their way up over time and tend to be older, while younger workers fresh out of school and looking for their first jobs will be more willing to take lower salaries.

5 0
3 years ago
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