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Kryger [21]
3 years ago
6

When total revenues fall below total costs, production should end. However, if marginal revenue exceeds variable cost, productio

n should continue in the short run to help defray fixed costs.
a. True
b. False
Business
1 answer:
const2013 [10]3 years ago
8 0

Answer:

False

Explanation:

A firm should end production and shut down only when its total revenue falls below variable costs, because at this point, production will bring about more losses, compared to if the company isn't producing at all.

<u>If total revenue exceeds and can cover its variable cost, a firm should remain in operation in the short run</u> (even if it is incurring losses), as this contributes to paying off the firm's fixed costs.

You might be interested in
A
Vesnalui [34]

Answer:

D. secured loan

Explanation:

"A secured loan is a loan backed by collateral"

[A. unsecured loan is a loan that doesn't require any type of collateral.]

[B. credit card ...no]

[C. property loan is a secured loan that is sanctioned keeping an asset as mortgage with the lender.]

[D. secured loan is a loan that is backed by collateral]

8 0
2 years ago
Alice Copper has wages of $120,000 and dividend income from a mutual fund of $5,000. She has allowable itemized deductions of $9
Alexeev081 [22]

Answer:

$112,600

Explanation:

Calculation for What is the amount of Alice's Taxable Income

Wages $120,000

Add Dividend Income $5,000

Adjusted Gross Income $125,000

($120,000+$5,000)

Less Standard Deduction(Single and no dependents) ($12,400)

Taxable Income $112,600

($125,000-$12,400)

Therefore the amount of Alice's Taxable Income will be $112,600

4 0
3 years ago
True or false: a country is possibly overinvesting in human capital if the best job a ph.d. in philosophy can find is managing a
Alenkasestr [34]
 I'm pretty sure it's False I hoped I helped you 
7 0
3 years ago
Read 2 more answers
U.S. based Majestic Co. sells products to U.S. consumers and purchases all of materials from U.S. suppliers. Its main competitor
lakkis [162]

Answer:

Economic exposure.

Explanation:

Economic exposure is also known as operating exporter is known as a phenomenon where a business's cash flow is affected by currency rate fluctuations. It occurs over the long term and affects product value.

Businesses protect themselves from economic exposure by operational strategies mostly through diversification, and currency risk mitigation strategies.

In this instance Majestic Co a United States company has a competitor in Belgium and so tend to be affected by foreign exchange fluctuations of the dollar to Belgium currency.

3 0
3 years ago
Read 2 more answers
Question 1
Virty [35]
<span>Which choice is the correct statement about "comprehensive" insurance?
B. Comprehensive insurance provides you coverage for both collision and physical damage.

Question 2
If I make a lot of claims on my insurance, my insurance cost will probably go up. TRUE

Question 3

What are some of the obligations you must fulfill for an insurance policy to be in effect? C. Both A and B.

What is collision insurance? B. Collision insurance is the coverage your insurance company gives you that only covers physical damage to a vehicle. Collision insurance usually has a "deductible" which means that the company will not pay 100% of damages.

All insurance companies charge the same rates for insurance coverage. FALSE

What is an insurance "deductible"?
D. An insurance deductible is what you pay yearly for car insurance if you don't have accidents.

What is an insurance policy?
B. An insurance policy is a document that tells you what you must pay for insurance coverage and what the insurance company is - and is not - covering.

What is the purpose of insurance?
D. Both B and C.

Life insurance can be most valuable in which of these cases?
D. Both B and C.

It is always smart to compare insurance costs between different companies. Insurance agents are usually good people. But remember that the job of insurance agents at most companies is to sell you their insurance policies. Their job is not to tell you that another company has a better and less-expensive policy. True.

What are some of the factors that would influence your insurance costs?
C. The type of car you drive.

In which cases does property insurance normally give you coverage?
D. All of the above.

Some insurance usually has a higher price for younger people because younger people have more accidents.FALSE

Health insurance is designed to cover some or all of your expenses related to accidents and some health issues.TRUE

Which actions will many insurance companies take if you receive a DUI?
C. Both A and B.
</span>
6 0
3 years ago
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