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andriy [413]
3 years ago
15

Kimberly owns a cupcake shop in Newport Beach, California. The market for cupcakes is very competitive. At Kimberly’s current pr

oduction level, her marginal cost is $31 and her marginal revenue is $27. To maximize profits, Kimberly should:
Business
1 answer:
dimulka [17.4K]3 years ago
8 0

Answer:

Reduce production

Explanation:

Profit is maximised where marginal revenue equals marginal cost. Because marginal cost is greater than marginal revenue, Kimberly should reduce production unit the point where marginal cost equals $27.

Marginal cost is the increase in cost as a result of increasing production by one unit.

Marginal revenue is the increase in revenue as a result of selling one extra unit of a product.

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The ________ of the product mix refers to how closely related the various product lines are in end use, production requirements,
MrRissso [65]

Answer:

The correct answer is letter "A": consistency.

Explanation:

Consistency implies the relationship among products within a product mix. As long as there is less variation more consistent will be the product mix. The consistency relates products with each other in terms of end-use, production requirements, and distribution channels mainly.

8 0
4 years ago
Which of the following is a difference between common stock and bonds? A) Bondholders have a voice in management; common stockho
alexandr1967 [171]

Answer:

B) Bondholders have a senior claim on assets and income relative to stockholders.

Explanation:

Bond holder: They are one who owns bonds issued by the company, where companies are not liable to pay a dividend if they fail to generate enough profit. Although preferred stock provides added financial leverage in much the same way as bonds, it differs from bonds in that the issuer can pass a dividend payment without suffering the consequences that result when an interest payment is missed on a bond.

Share holder: They are the ones who own stock in a company. The buyer has an option to choose between common stock and preferred stock. The company take priority in paying a dividend to the common stockholder, however, the preferred stockholder has a voting right in the company.  

7 0
3 years ago
Business professionals value workplace relationships and professional behavior; therefore, it is vital to understand the charact
____ [38]

Answer: <em>Polish, Civility and Social Intelligence </em>

Explanation:

The following are the synonyms for the professional behavior: Civility, Polish and Social Intelligence. Social intelligence is referred to as or known as the capacity of an individual to know himself/herself and other individual.  Civility is referred or as known as the civilized conduct  i.e. considered to be a polite act or an expression .

6 0
3 years ago
How planning interacts with other functions​
Lubov Fominskaja [6]

Answer:

Planning might help your day work better. When and if you have a job, you could plan when your getting there, and when you can have dinner.

Explanation:

hope it helps

5 0
3 years ago
Darren runs a barbershop with fixed costs equal to $40 per day and a total output of 10 haircuts per day. What is his weekly tot
mixer [17]

Answer:

$240

Explanation:

Darren runs Barber shop

His fixed costs daily is $40

The toal output per day is 10 haircuts

He is open 6 days in the week

Therefore weekly total fixed costs can be calculated as follows

= 40×6

= 240

Hence the weekly fixed cost is $240

7 0
3 years ago
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