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kap26 [50]
3 years ago
7

The Perez Lumber Company sells boards in a perfectly competitive market. The current marginal cost of boards at the current outp

ut of 445 board feet per month is $3.57 per board foot. The price of lumber is currently $3.57 per board foot, and the minimum possible average variable cost of producing lumber is $3.88 per board foot. If the firm wants to maximize profit (or minimize losses), it should a. shut down immediately. b. continue producing at its current output level. c. decrease monthly output to 200 board feet. d. increase monthly output above 445 board feet. I believe that the answer is C (and if not that, A), but I do not know how to actually reason/explain my answer (if I am even correct). Help would be great! Thank you.
Business
1 answer:
mafiozo [28]3 years ago
7 0

Answer:

c. decrease monthly output to 200 board feet.

Explanation:

If the firm wants to maximize profit it should decrease monthly output to 200 board feet demand by doing so , vital rate  will ultimately increase the cost of the product and shift them to the profit. The correct answer is C.

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antiseptic1488 [7]

Answer:

Autocratic

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In autocratic leadership, the manager or leader makes all decisions on behalf of the company or group. The leader does not seek or consider the inputs of others when making decisions. The autocratic leadership style is the same as the dictatorship style.

An autocratic leader issues orders or commands which the subordinates are expected to follow to the latter. When the organization archives success, all the credit goes to the leader.

8 0
3 years ago
A city starts a solid waste landfill during 2020. When the landfill was opened the city estimated that it would fill to capacity
telo118 [61]

Answer:

Explanation:

Solution:

a) At the end of 2020, facility is 20% full so the 300,000 would be regarded as expenses

Therefore, in the balance sheet, at the end of 2020, 300,000 would be shown as liability.

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3 years ago
An online movie streaming service charges $14.99 per month for its basic package. However, when a competitor introduced the same
marshall27 [118]

Answer:

The firm reduced its price to maintain its market share.

Explanation:

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A competitor of the firm offers the same service at $13.99.  

The firm in the reaction will also reduce its price to $13.99.  

We know that the consumers always prefer the cheaper substitute, so if the competitor was providing the service at a lower price, it was most likely that the consumers will purchase from the competitor.  

This would have led to a decline in the demand and thus the market share of the firm. So in order to maintain its market share. The firm reduced its price at the same level as its competitor.

7 0
3 years ago
Suppose social security contributions rise by​ $1 billion while social security benefits also rise by​ $1 billion.​ Further, per
Nadya [2.5K]

Answer:

The answer will be A

Explanation:

As the social security contributions and benefits remain the same in proportion, personal and national income will remain the same.

As disposable income is defined as personal income-personal taxes, and the personal income taxes fall by 500 million (included in the contibutions), this would mean that the disposable income increases.

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4 years ago
If you were to try to associate Project Management with the traditional functions of Supply Chain Management, A. Project Managem
MakcuM [25]

Answer:

B. Project Management encompasses all the functions of Supply Chain: Plan-Buy-Make-Deliver

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A project can involve any aspect of logistics, e.g. building a new distribution facility, or installing an automated warehouse, etc. The main difference between project management and supply chain management is the lifespan of the work carried out. A project has a definite lifespan, e.g. a new facility must be built and it should start operating within 2 years. While operations management requires continuous day to day work, e.g. after the new facility is operating, the supply chain manager will be in charge of supply chain operations. It is normal that a supply chain manager is part of the team that handles new projects, but his/her work continues after the project is over.

4 0
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