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Svetradugi [14.3K]
3 years ago
11

In a competitive market, if production (and consumption) continues until the marginal benefit of one more unit equals marginal c

ost, then total surplus is maximized.
true/false
Business
1 answer:
Pachacha [2.7K]3 years ago
8 0

Answer:

False

Explanation:

In a competitive market, if production (and consumption) continues until the marginal benefit of one more unit equals marginal cost, then total surplus is maximized.

As for any extra unit produced

Marginal Benefit > Marginal cost = Surplus

Marginal Benefit = Marginal cost = No Surplus / No loss

Marginal Benefit > Marginal cost = loss

When your Marginal benefit is maximum and Marginal cost is minimum then the surplus will be maximized.

Most efficient situation in which benefit is maximum and the cost is minimum results in maximized surplus.

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Which of the following costs is a mixed cost? a. straight-line depreciation on factory equipment b. electricity costs of $3 per
Ksenya-84 [330]

Answer:

correct option is d. rental costs of $10,000 per month plus $0.30 per machine hour of use

Explanation:

solution

The combined cost is one in which the factor is variable and constant.

Sometimes, even the total cost is difficult to separate.

The chosen option also includes a fixed cost that costs $ 5,000 per month.

The cost per hour of the machine increases  0.30 per hour.

This is variable because the entire machine depends on the number of hours used.

The other three are completely variable, such as salary, and are not deductible or cost of electricity.

3 0
3 years ago
Livi owns and operates Livi's Love From Scratch cupcake bakery. Livi has 10 locations throughout her state. When Livi is produci
hoa [83]

Answer:

Diseconomies of Scale

Explanation:

On the contrary to economies of scale which save costs when production levels go up, diseconomies of scale make costs go higher when their is an increase in the size of the organization.

Livi's Love From Scratch cupcake bakery has increased in size to reach 10 locations and this has caused crowed areas and delays.

4 0
3 years ago
Which of the following is not one of the different classes of stocks A. Growth stock B. Preferred Stock C. Common stock CSR
bezimeni [28]

Answer:

A. Growth Stock

Explanation:

Stocks are divided into classes based upon their features with respect to the rights they carry. Usually stocks are of two classes:

  1. Common Stock
  2. Preferred Stock

While the former carry voting rights and avail dividends as per the profitability of the company, the latter carry preferential rights with respect to principal repayment in the event of winding up apart from carrying a fixed rate of dividend which must be paid periodically.

Growth Stocks refer to those stocks which yield higher rate of growth than average market rate but don't usually carry a right to dividend. Growth stocks relate to capital appreciation.

7 0
3 years ago
What are the roles of financial manager ?​
LiRa [457]

Answer:

hope it helps

Explanation:

A Financial Manager, or Finance Manager, builds financial strategies and reports to help companies improve their financial health and meet their long-term goals. Their main duties include preparing an organizations’ activity reports, creating financial forecasts and brainstorming ways to maintain or reduce company costs

4 0
2 years ago
If you are interested in working for a specific company, what type of job site should you look at for opening?
lutik1710 [3]

Answer:

the correct answer is C. Company site

Explanation:

since you are interested in working for a specific company, the best way to see what sort of jobs are available and all other related information will be their own websites. most companies have a dedicated web page for careers in their company.

6 0
3 years ago
Read 2 more answers
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