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Dovator [93]
3 years ago
15

Producers must understand the marginal benefit of making an additional unit. True or False

Business
2 answers:
erastovalidia [21]3 years ago
8 0

Answer:

True

Explanation:

Benefit on manufacturing of each extra unit is known as marginal benefit. It is very important for a producer to understand the marginal benefit. If each Unit produced does not make a benefit for the producer its production should not continue. Compare the Marginal benefit with marginal cost to calculate net marginal benefit.

Dmitriy789 [7]3 years ago
6 0

Answer:

The answer is true.

Explanation:

Marginal benefit is related with the benefit of extra unit produced rather than looking at the overall production. This is important, as after a certain level of production, even though the overall benefit from the production increase, the marginal benefit might decrease.

Based on such observations, producers can make plans on what to produce and what should not be produced.

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During May, Carolan Corporation transferred $59,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of
dem82 [27]

Answer:

credit to Work in Process of $59,000.

Explanation:

Based on the information given the appropriate l journal entries to record these transactions would include a: CREDIT TO WORK IN PROCESS OF $59,000

Dr Finished goods $59,000

Cr Work in process $59,000

Dr Cost of goods sold $65,000

Cr Finished goods $65,000

6 0
2 years ago
Read the scenario and answer the question.
Aleksandr-060686 [28]

Answer:

A). The price of gasoline increased in coastal cities since gasoline was harder to find.

Explanation:

As per the principles of demand and supply, a decrease in supply while demand remains constant will cause the price to increase.  In Georgia, the supply of gasoline was interrupted by the storm's effect. There was little gasoline coming in, leading to a shortage. After Electricity went off, gasoline demand must have gone high as people needed fuel for generators.

Gasoline has no close substitutes, especially when used as fuel for cars and generators. A shortage results in the scramble for the little available products. Sellers hike prices to maximize profits, and buyers are willing to pay more to get the scarce gasoline, thereby increasing its prices.

6 0
3 years ago
Hayleah is a california cpa practicing in california. to renew her license in active status, hayleah must to meet the basic requ
kenny6666 [7]

When performing work, there are specific requirements depending on which work Hayleah performs and these are <u>B) </u><u>Government </u><u>auditing </u><u>continuing education </u><u>requirement</u>

When dealing with governmental accounting:

  • There are certain rules that must be followed.
  • The specific rules imposed are to ensure better management of tax payer funds.

As a result, when a California CPA is involved in governmental work, specific rules known as the government auditing continuing education requirements will most likely apply.

In conclusion, option B is correct.

Find out more about different accounting standards at brainly.com/question/24441480.

7 0
2 years ago
After hiring 151 units of the variable input, labor, a firm determines the MFC to be $.30 and the MRP to be $.33. The firm shoul
zhuklara [117]

Answer:

Option (c) is correct.

Explanation:

Labor (Variable input) hired = 151 units

After hiring this much units of labor, a firm incurred:

Marginal cost of hiring (MFC) = $0.30 and marginal product of labor (MRP) = $0.33

The firm continuing hiring new labor until the point at which marginal cost of hiring labor is equal to the marginal product of labor.

In this case, MFC is less than the MRP, so firm should increase the use of labor till the MFC becomes equal to the MRP.

7 0
3 years ago
Which of the following application models is more likely to be suitable for a large company with a number of existing virtualize
yulyashka [42]

Answer:

<em>c. Distributed web application hosted at datacenters, accessed via browsers on each mobile and desktop device.</em>

Explanation:

Because the organization has an <em>existing and established virtualized data center, it really is highly probable that it will be able to use available resources to implement the application without incurring the extra cost of signing up to a cloud solution or host.</em>

8 0
3 years ago
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