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lakkis [162]
3 years ago
13

Consider a profit-maximizing firm in a competitive industry. Under which of the following situations would the firm choose to pr

oduce where MR= MC?
Yes?/No? Minimum AVC < Price < minimum ATC.
Yes?/No? Price > minimum ATC.
Yes?/No? Price < minimum AVC
Business
1 answer:
atroni [7]3 years ago
5 0

Answer:

The answer is given below

Explanation:

A firm maximizes profit to produce where the marginal revenue is equal to the marginal cost provided that the price of the product is greater or equal to the average variable cost (AVC)

i)  Minimum AVC < Price < minimum ATC

Id the price is greater than the minimum average variable cost (AVC) and less than the minimum average total cost (ATC), the firm would produce only for the short run making small losses.

ii) Price > minimum ATC.

Yes the firm should produce when Price > minimum ATC.

iii) Price < minimum AVC

When Price < minimum AVC, the firms should stop producing and shut down because it cannot cover its variable cost.

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Corporate codes of ethical conduct: Select one: a. effectively deter unethical behavior. b. are sometimes viewed as thinly disgu
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Answer:

B

Explanation:

Corporate code of ethics is defined as a set of laid down rules and regulation that is meant to inform and guides the workers towards professionally conducting themselves in a way that aligns with the mission and core values of the organization .

However , having a code of ethical conduct in place in an organization does not mean compliance , until necessary measures for compliance are put in place. Therefore it is possible to have the code of ethics with minimum or no compliance to it. Based on this , it can sometimes be viewed as thinly disguised attempts to mislead the public into thinking that the company behaves ethically.

5 0
3 years ago
Dr. regan was hired by the siri company to assist them with retaining their employees without lowering profits and expectations.
Anestetic [448]
Dr. Regan was hired to help retain employees by the Siri corporation without losing money and expectations. He was the one who suggested that employees could decorate their work spaces and this would help employees feel more comfortable where they have to work 8 or more hours per day. This then helped the company by people not calling in and less people quit their jobs. Dr. Regan was most likely an industrial and organizational psychologist. Many companies hires these types of psychologists to help their employees with stress at work and to put employees at ease. 
7 0
2 years ago
Suppose that marginal propensity to consume is equal to 0.9 and the government increases its spending by $200 billion. This new
Step2247 [10]

Answer:

The answer is B.

Explanation:

Gross Domestic Product (GDP) is the total market value of all the final goods and services produced within a sovereign nation(country) during a given period of time usually a year.

Gross Domestic Product (GDP) can be calculated using expenditure method or income method or value-added method.

To analyze this question, expenditure method will be used. The formula is C + I + G + (X-M)

where C is the consumer spending

I is the business investments

G is the government spending

X is the exports

M is the imports.

Government has injected $200 billion into the economy through its spending.

This $200 billion is gotten from an increase in taxes, meaning consumers' disposable income has reduced by this amount.

Therefore, $200 billion will still be the incremental amount to the GDP

5 0
3 years ago
For long-term contracts, the cost recovery method under IFRS requires recognizing equal amounts of revenue and cost until all co
Sav [38]

Answer:

The answer is letter A. TRUE

Explanation:

Because under IFRS firms tipically use the cost recovery method iif they conclude that the percentage of completion method is not appropriate to account for a long term contract.

8 0
3 years ago
1.   Workplace communication can suffer when individuals
bonufazy [111]

Workplace communication can suffer when individuals use text lingo or emoticons. Correct answer:A

It is very important companies to have good workplace communication because it helps them to be productive and operate effectively. Emoticons aren't universal and they can get lost in translation. They also make you seem less competent. However, if your workplace is informal, emoticons are likely more acceptable.

8 0
3 years ago
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