1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anna35 [415]
2 years ago
14

your average total cost is $40; the price you recieve for the good is 12. Should you keep on producing the good?.

Business
1 answer:
Zepler [3.9K]2 years ago
7 0

Answer:

No, not at all. You should not go for producing that good.

Explanation:

A company do business in order to earn profits. A company earns profits by selling the product, good or service they produce or provide to the consumers. But if the cost of producing the goods is more than the profits earned due to that product, then there is no use of doing business. In order to earn profits, the cost of the product produced must be less than the price of that product. The price of the product should be set at a level which can cover all the costs incurred to produce that product. So in this question, if the price is $12 and cost is $40, then there is no need to product that product any more because this product is only incurring loss to the company.

You might be interested in
Letters with already formatted fonts and fields are called
azamat

Answer:its templates

Explanation:

6 0
3 years ago
Mark's department has hired a marketing manager to help increase the sale of the company’s products. However, he believes that t
blagie [28]

Answer:

Mark should include in the letter to avoid litigation charges:

Specific facts about the consultant that can be verified.

Explanation:

False information, sentiment-hurting statements, or personal opinions about the consultant's character should never be found in formal letters that are meant to offer constructive criticisms.  This means that only specific facts that are verifiable should be included.  Formal letters are not avenues for character defamation.  They are called "formal" because they must stick to specific and relevant official purposes.

8 0
3 years ago
The formula for the production budget is budgeted sales in units plus desired ending merchandise inventory less beginning mercha
Deffense [45]

Answer:

desired ending finished goods units less beginning finished goods units.

Explanation:

production budget can be regarded as budget that gives the calculation of the number of units of particular products which is needed to be manufactured, this is comprises the sales forecast as well as amount of finished goods inventory that is planned to have on hand.

It should be noted that the formula for the production budget is desired ending finished goods units less beginning finished goods units..

7 0
2 years ago
A few years ago, Toyota found that consumers wanted cars to last longer and be more environmentally friendly. GM, however, enjoy
Allushta [10]

Answer:

General Motors had more of a Production Orientation

Explanation:

The company which is production oriented focuses on the production and company's production processes and runs campaigns to sell the product produced or the product they are producing. General motors produced the products which it is good in producing the products and won the market against great giants like Ford, Toyota and German auto companies. Whereas Toyota was developing market which is newly born and started pricing their products on the basis of products that were desired (environmentally friendly products) and lost the market because of lost of market share as this market was in introduction phase and Toyota left a market which was at maturity. Then it is obvious that Toyota has revenue losses due to leaving its concentration and marketing of products to mature market and was busy in developing environmentally free products market in US.

7 0
3 years ago
Which of the following goods would you expect to have the largest income elasticity of demand?
mr Goodwill [35]

Answer:

stereo equipment.

hope this helps

6 0
3 years ago
Other questions:
  • Manufacturing companies especially those which manufacture chemicals or use chemicals must be in compliance with construction la
    12·1 answer
  • Dan, a computer programmer, holds a garage sale to sell a lawnmower, some clothes, some CDs and some old clothes. Will, a lawyer
    13·1 answer
  • Desired consumption is Cd = 100 + 0.8Y - 500r - 0.5G, and desired investment is Id = 100 - 500r. Real money demand is Md/P = Y -
    7·1 answer
  • While shopping at the mall, Jane was asked by one of the sales representatives at the cosmetics counter to try out a new lipstic
    5·1 answer
  • Cicchetti Corporation uses customers served as its measure of activity. The following report compares the planning budget to the
    10·1 answer
  • Logistics means creating an efficient assembly line. <br><br> A. <br> True <br> B. <br> False
    12·2 answers
  • The Perry Company reported Accounts Receivable, Net of $66,000 at the beginning of the year and $72,900 at the end of the year.
    10·1 answer
  • Wetherald Products, Incorporated, has a Pump Division that manufactures and sells a number of products, including a standard pum
    14·1 answer
  • During Year 1, Hardy Merchandising Company purchased $20,000 of inventory on account. Hardy sold inventory on account that cost
    13·1 answer
  • Seidner Company has the following information available:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!