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
grigory [225]
3 years ago
12

​Ronny's Pizza House operates in the perfectly competitive local pizza market. If the price of pizza cheese​ increases, ceteris

paribus​, what is the expected impact on​ Ronny's profit-maximizing output​ decision? A. Output decreases because the marginal cost curve shifts upward. B. Output increases to cover the higher input cost. C. Output increases because the marginal cost curve shifts upward. D. Output decreases because the price of pizza must also increase.
Business
1 answer:
larisa [96]3 years ago
8 0

Answer:

Option (A) is correct.

Explanation:

A particular profit maximizing firm is produces at a point where marginal cost is equal to the marginal revenue.

Pizza cheese is used as an input for producing pizza, so if there is an increase  in the price of pizza cheese then this will results in an increase in the cost of production for the Ronny's Pizza House and this change will shift the marginal cost curve upwards.

We know that marginal revenue curve is downward sloping and marginal cost curve is upward sloping, so if there is a upward shift in the MC curve then it cuts the marginal revenue curve at a lower level of output.

You might be interested in
The doctrine that makes a defendant liable even if the defendant is without fault is called...
Elanso [62]
<span>C: strict liability

I hope this helped ya :)</span>
4 0
3 years ago
William (71), a retired single taxpayer, received a monthly pension of $2,500 ($30,000 annually). He did not contribute any afte
IceJOKER [234]

Based on the information given, it should be noted that the amount of William's pension distribution that is taxable is $30000.

From the information given, William is a retired single taxpayer and he received a monthly pension of $2,500 ($30,000 annually). He did not contribute any after-tax dollars to the plan.

It should be noted that pension is counted as a regular income for tax purposes. Therefore, the pension that'll be received by William will be a taxable income

Therefore, the taxable amount will be $30000.

Learn more about taxes on:

brainly.com/question/1657264

4 0
2 years ago
LO 2.2Which of the following is not considered a product cost?
Usimov [2.4K]

Answer:

selling expense

Explanation:

The cost which is charged to manufactured a product is known as product cost

Plus product cost is a combination of direct material; direct labor and indirect cost i.e indirect material and indirect cost

In mathematically,

Product cost = Direct materials cost + Direct labor cost + manufacturing overhead cost

The indirect cost is also known as manufacturing overhead cost.

The cost which is charged to manufactured a product is known as product cost

7 0
3 years ago
What is the amount of income you should save for an emergency fund.
ZanzabumX [31]

Answer:

Depending on your income I recond 15% of every paycheck but put it to the emergency funds.

Explanation:

3 0
2 years ago
Which is an example of an expense control strategy?
lana66690 [7]

Answer:

d

Explanation:

Unfortunately cutting or reducing production, or reengineering at all.

3 0
3 years ago
Other questions:
  • Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects 5% sales tax
    5·1 answer
  • If a country has a trade surplus, we can conclude that it also has:
    10·1 answer
  • A company that makes organic fertilizer has supplied the following data: Bags produced and sold 200,000 Sales revenue $ 1,560,00
    13·1 answer
  • You are considering an investment in fields and struthers, Inc, and want to evaluate the firm's free cash flow From the income s
    10·1 answer
  • The Drogon Co. just issued a dividend of $3.00 per share on its common stock. The company is expected to maintain a constant 6.2
    15·1 answer
  • Suppose ​$50 comma 000 is deposited at a bank. The required reserve ratio is 20 ​percent, and the bank chooses not to hold any e
    5·1 answer
  • Under the allowance method, writing off an uncollectible account Group of answer choices affects both balance sheet and income s
    9·1 answer
  • MC Qu. 12-118 The company would report net cash... Net income$14,500 Cash dividends paid to stockholders 3,400 Cash proceeds fro
    15·1 answer
  • 1 of 5) What does it mean to "Diversify" your portfolio?
    15·1 answer
  • M and M, Inc. produces a product that has a variable cost of $4.20 per unit. The company's fixed costs are $45,600. The product
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!