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kozerog [31]
3 years ago
15

When price exceeds average variable cost in the short run, a competitive firm's marginal cost curve is regarded as its supply cu

rve because A. among the various cost curves, the marginal cost curve is the only one that slopes upward. B. the position of the marginal cost curve determines the price for which the firm should sell its product. C. the firm is aware that marginal revenue must exceed marginal cost in order for profit to be maximized. D. the marginal cost curve determines the quantity of output the firm is willing to supply at any price.
Business
1 answer:
frutty [35]3 years ago
6 0

Answer:D. the marginal cost curve determines the quantity of output the firm is willing to supply at any price.

Explanation: The marginal cost is the change in total cost of producing a set of product as a result of adding one more unit to the production.

For example, if a firm has to buy one more production equipment in order to increase the number of product is the cost associated with that additional equipment is a MARGINAL COST.

THE MARGINAL COST CURVE DESCRIBES THE RELATIONSHIP BETWEEN THE MARGINAL COST OF A FIRM IN THE SHORT-TERM PRODUCTION OF A GOOD OR SERVICE AND THE QUANTITY OF FINISHED GOODS PRODUCED BY A FIRM.

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Those who hold jobs that require manual labor are in the a. working class. c. underclass. b. upper middle class. d. lower middle
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Answer:

c

Explanation:

6 0
3 years ago
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Which of the following statements is FALSE? A venture capital firm is a limited partnership that specializes in raising money to
pantera1 [17]

Answer:

Venture capitalists typically control all of the seats on a start-up's board of directors, and often represents the single largest voting block on the board.

Explanation:

A venture capital is a type of capital arrangement by venture capital , provided to start up companies with the prospect of potential growth. Companies that provides financies for start up have a stake in the business they are financing. It is usually a high risk business.

Examples of venture capitalist are

Investment banks, pension funds, insurance companies etc.

Before finances can be made by venture capitalist, the initial capital required to start required to start the business is usually provided by the entrepreneur and his family.

5 0
3 years ago
A company must decide between scrapping or reworking units that do not pass inspection. The company has 22,000 defective units t
LenKa [72]

Answer:

It is more profitable to sell the units as-is and produce new ones.

Explanation:

Giving the following information:

The company has 22,000 defective units that cost $6 per unit to manufacture.

Sell as-is:

Selling price= $2

Rework:

Additional cost= $4.5

Selling price= $8.5

If the units are sold as-is, the company will be able to build 22,000 replacement units for $6 each and sell them at the full price of $8.50 each.

<u>The original cost of the 22,000 units is a sunk cost, it will remain no matter the decision. </u>

Sell as-is:

Defective units= 22,000*3= 44,000

New units= 22,000*(8.5 - 6)= 55,000

Total income= $99,000

Rework:

Sales= 22,000*(8.5 - 4.5)= $88,000

It is more profitable to sell the units as-is and produce new ones.

3 0
3 years ago
Pick the correct statement related to pro forma statements from below. Multiple Choice Fixed assets must increase if sales are p
Alisiya [41]

Answer:

The correct statement related to the pro forma statements is:

The addition to retained earnings is equal to net income less cash dividends.

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When the beginning retained earnings are increased by the addition to retained earnings, it means that the cash dividends have been subtracted from the net income.  This addition is the leftover net income after offsetting the dividends.  It increases the retained earnings by the end of the financial period.

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3 years ago
To examine the effect of hunger on taste sensitivity, groups of research participants are deprived of food for differing lengths
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Answer:

B. An EXPERIMENT

Explanation:

The research : trying to study 'Effect of Hunger on Taste Sensitivity'  is an Experiment based research - based on its special treatment (i.e depriving food for time intervals) on research participants in a controlled environment .

Although it tries to study relationship (correlation) between variables : Hunger & Taste Sensitivity , it doesn't do so without any control on either variable . Naturalistic Observation subject is also observed without any manipulation . So , it doesn't qualify to be either Naturalistic or Correlational Research . Survey Research includes getting participants responses through questionnaire , so it doesnt fit to this category as well .

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