Answer:
The correct answer is the third statement which says to maximize profits, the firm should produce less than 500 units.
Explanation:
The quantity of output produced is 500 units.
The marginal cost of producing 500 units is $1.50.
The minimum average variable cost is $1.
The price of the product is $1.25.
The firm will be at equilibrium when the price is equal to marginal cost. To maximize profits firm should decrease output to the extent that marginal cost comes to $1.25. At that point, the firm will earn profits as average variable cost is lower than the price.
Answer: See Explanation
Explanation:
Using the first method goes thus:
Form Processing = 12 minutes
Time taken to complete processing = 4 minutes
Total Time for processing will be:
= 12 + (4 × 13)
= 12 + 52
= 64 minutes
Method 2
Form Processing = 5 minutes
Time taken to complete processing = 4 minutes = 4 minutes
Total Time for processing will be:
= 5 + (4 × 13)
= 5 + 52
= 57 minutes
Hence method 2 is better because it's faster as it used a lesser time to process the compared to method 1.
Answer:
In the product Lookup worksheet, cell F5 should contain the number generated by the Goal Seek analysis.
"Credit" is the one among the following choices given in the question that <span>is an agreement between a consumer and lender to borrow money and pay it back in increments. The correct option among all the options that are given in the question is the first option or option "A". I hope the answer has helped you.</span>
