Answer:
To maximize her profit, Jennifer should abandon the product.
Explanation:
To maximize the profit Jennifer should keep marginal benefit as higher as she can, this could happen keeping marginal revenue higher and marginal cost lower as much as she can.
In this case marginal cost is higher than the marginal revenue, which is resulting as a marginal loss. Each extra batch being sold will add a loss of $10 ($110-$120).
Jennifer should abandon the product because it will reduce the average marginal benefit or total profit gradually.
Answer:
A. An asset would be debited and a Liability credited.
Explanation:
Purchasing on account means buying on credit. The debts of the business increase. As a result, liabilities increase.
Equipment is a business asset. Purchasing equipment increases assets.
In the double-entry accounting system, An increase in an asset is recorded by debiting the asset account. An increase in liabilities is captured by crediting the liabilities account.
The business venture created by Johnson is effectively s sole proprietorship.
<h3>What is a sole
proprietorship?</h3>
A sole proprietorship is a type of business venture that is owned by a single individual. A sole proprietorship has an unlimited liability. This means that when the business is unable to meet its debt obligations, the properties of the sole proprietor can be used to settle the debt.
To learn more about sole proprietorship, please check: brainly.com/question/15132409
Answer:
the person may be nervous, causing the test to be invalid