Number 1 is B. column Number 2 is C. arrow down key Number 3 is C. tab
Answer: Bill should analyze his current situation and evaluate the level of resources he has in present.
Explanation: In the given case, Bill has 100 herd and 100 acres of his farm for pasturisation, since the question is asking the advice from the aspect of a sociologist so the cost - profit analysis will not be taken into consideration.
As per a sociology approach of decision making, Bill should evaluate the capacity of his land for carrying out the operations and should set aside more land if he wants to increase the level of his activities.
Answer:
The answer is C. can earn profits or incur losses in the short run.
Explanation:
A monopolist maximizes profit or minimizes losses by producing that quantity that corresponds to when marginal revenue = marginal cost. However, if the average total cost is above the market price, then the firm will incur losses, equal to the average total cost minus the market price multiplied by the quantity produced
This indicates that the society is using resources efficiently and effectively. This is because all economies tend to go towards the equilibrium and if they don't, that's bad for the economy.
Answer:
$56,000
Explanation:
Given the above information, we will calculate first the total cash flow.
Total cash flow = Opening cash receivable + Sales - Ending cash receivables
= $196,000 + $880,000 - $226,000
= $850,000
Ending cash balance = Opening cash balance + Total cash flow - Cash disbursement
= $146,000 + $850,000 - $940,000
= $56,000
