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Ierofanga [76]
3 years ago
12

If the firm is producing at a quantity of output where marginal revenue is less than marginal cost, then, ________.

Business
1 answer:
taurus [48]3 years ago
6 0

Answer:

C. the firm should reduce production.

Explanation:

Marginal revenue is defined as the additional profit that a business makes from the sale of extra unit of a product.

If marginal revenue is more than marginal cost the business is making profit and it should increase production. This will increase profit.

However if the marginal revenue is less than the marginal cost, it means the business is making a loss. The best action is to reduce level of production up to the point where marginal revenue exceeds marginal cost.

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Choosing to go to college over getting a job right out of high school is an example of a(n) _____.
AfilCa [17]

Answer: go to the national college this is what it is called NCCS

Explanation:

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3 years ago
On November 1, 2021, Aviation Training Corp. borrows $46,000 cash from Community Savings and Loan. Aviation Training signs a thr
emmainna [20.7K]

Answer:

<u>Record the issuance of note. </u>

November 1, 2021

Dr.   Cash                   46000

Cr.   Note Payable     46000

<u>Record the adjustment for interest.</u>

December 31, 2021

Dr.   Interest Expense    460

Cr.   Interest Payable     460

(46000*6%)*3/12 = 460

<u>Record the repayment of the note at maturity</u>

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Dr.   Interest Payable     460

Dr.   Interest Expense    230

Cr.   Cash                    46,690

(46000*6%)*1/12 = 230

Explanation:

* At the year end the interest expense is accrued and recorded as interest payable.

4 0
3 years ago
Your family owns a small construction company, CopperBuild, that builds custom homes for an upscale architectural firm. Your two
beks73 [17]

Answer:

All the statements apply

Explanation:

1. Avoid mere mechanical descriptions.

This statement applies because it is an architectural proposal, thus, it should include aesthetic descriptions.

2. Emphasize the benefits to the recipient.

The proposal should include the ways CopperBuild would benefit the investors of the shopping center, from an architectural, and financial point of view.

3. Detail your expertise and accomplishments.

CopperBuild should add a few pages highlighting the firm's past experience, this in order to obtain more credibility.

4. Proposals are sales presentations.

This is a good analogy because what CopperBuild is doing by means of the proposal is selling "itself" (its experience, credibility, prestige) to the investors in order to get the contract.

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3 years ago
Luck is what happens when preparation meets opportunity.
elena-s [515]

Answer:

Roman philosopher Seneca once said, “Luck is what happens when preparation meets opportunity.”

Explanation:

4 0
2 years ago
Billy accepted a job at a company that specializes in providing money for short-term retail lending. where did he go to work?
Harlamova29_29 [7]
A credit card company
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