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3 years ago

In exhibit 7-15, if the market price of mowing lawns is $16 per lawn, then e-z-care will earn the biggest profit by mowing:

Business

2 answers:

Andrew [12]3 years ago

5 0

Answer:

7 lawns

Explanation:

Any firm will maximize its accounting profits at the price where average total cost = marginal costs, in this case the market price is higher, so that will enable EZ Care to make an economic profit besides an accounting profit, but the quantity supplied will not vary, it will still be 7 lawns per day.

professor190 [17]3 years ago

3 0

Answer:

B. 8 lawns per day.

Explanation:

As seen in the graph below, The AVC and ATC curves intersect the MC curve at the minimum of the MC curve. The marginal cost curve intersects the AVC curve to the right of the minimum of the AVC curve. It also intersects the ATC curve to the right of the minimum of the ATC curve. At first, marginal cost decreases with additional output, but then it increases with additional output. The firm’s profit-maximizing level of output will occur where MR = MC (or at a level close to that point).

Therefore, from the graph; at $16 per lawn, the maximum profit = 8 lawns per day.

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In companies that do not have "no lay-off" policies, the total direct labor cost for a budget period is computed by multiplying

kari74 [83]

Answer:

a. True

Explanation:

The formula to compute the total direct labor budget for the budget time period is shown below;

Total direct labor budget = Total direct labor hours required × direct labor wage rate

Through multiplying the direct labor hours required with the direct labor wage rate we can get the total direct labor budget and the same is to be considered

Hence, the correct option is a. True

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3 years ago

"tractor is a modern tool of agriculture".justify this statement with suitable example

Elenna [48]

Answer:

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Explanation:

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2 years ago

Marlow Company purchased a point of sale system on January 1 for $5,800. This system has a useful life of 5 years and a salvage

xz_007 [3.2K]

Answer: $1392

Explanation:

The depreciation rate under straight line is =1/5=0.2

The depreciation rate under double declining is = 0.2 × 2 = 0.4

Depreciation expense for the first year = 0.4 × $5800 = $2320.

At the beginning of year two, net book value = $5800 - $2320 = $3480

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3 years ago

Which type of graphic organizer would best organize your notes on how to start a small business?

Dimas [21]

My best guess is a timeline!

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3 years ago

Consumer _____ refers to the personal, social, and economic significance of a purchase. Group of answer choices acculturative re

puteri [66]

Answer:

Consumer Involvement

Explanation:

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A low involvement purchase is one in which the consumer does not give so much thought to before making the purchase. Example is household products like detergents. Medium Involvement purchase are those in which the consumer puts in some thought before acquisition. An example could be new clothes. High Involvement purchase require considerable thought and research before the purchase is made. An example could be a new car.

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3 years ago