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3 years ago

Which of the following identifies the optimal usage of inputs by a profit-maximizing firm?

Business

1 answer:

Anna [14]3 years ago

6 0

Answer:

Marginal cost of labor = marginal cost of capital

Explanation:

The general rule says that the firm maximizes profit when it produce the quantity of output where marginal revenue is equal to marginal cost.

You can also approach the profit maximization issue from the input side, that means: what is the profit maximizing usage of the variable input? In order to maximize profit, the firm should increase its usage of the input up to the point where the input's marginal revenue product is equal to its marginal costs.

This is the profit maximizing rule (mathematically) MRPL = MCL

L: is a subscript and it refers to the variable "labor"

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What is the uses of trading, profit and lost account

Len [333]

The profit and loss account is used to determine the net profit of the business. The starting point for the profit and loss account is the balance carries down from the trading account which is the gross profit of business. Hope this helped you out...

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3 years ago

Zeto Bank requires its customers to provide their customer identification number, their respective passwords, and a one-time pas

olya-2409 [2.1K]

Answer:

the correct answer is "Mobile Banking".

Explanation:

Mobile banking is doing banking and related financial activities such as money deposits, withdrawals, bill payments, issuing standing orders, checking the balance amount and opening/closing accounts through the internet and the mobile devices.

Mobile banking is more popularized through the launch of new applications in the iOS and Android platforms.

Mobile banking has made it easier for the customers to do banking related activities and it has made it easier for the banks to process more transactions without increasing their number of employees.

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3 years ago

On june 8, alton co. issued an $90,000, 6%, 120-day note payable to seller co. assuming a 360-day year for your calculations, wh

Firlakuza [10]

Maturity Value = Principal x ( 1 + Rate x Time )
Here is:
Principal = $90,000
Rate = 6% = .06
Time = 120 / 360
Maturity value = $90,000 x ( 1 + .06 x 120/360 ) =
= $90,000 x ( 1 + .02 ) =
= $90,000 x 1.02 = $91,800
Answer: c. $91,800

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2 years ago

List three or four effects of financial irresponsibility.

Aleksandr-060686 [28]

Debt
Fraud
being broke

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2 years ago

Economic systems differ from one another based on who owns the factors of production and.

Aliun [14]

Economic systems differ from one another based on who owns the factors of production and. <u>Who make decisions regarding what to produce and how it is produced</u>

<u />

<h3>What is Economic systems?</h3>

An economic system is a mechanism by which societies or governments manage and distribute public resources, services, and goods across a geographic region or nation. Economic systems control the factors of display, including land, capital, labor, and material resources.

<h3>What is represented by economic system?</h3>

An economic system is a means with the help of which the government plans and issues accessible services, resources, and things across the country. Economic systems manage aspects of production, combining wealth, labour, physical resources, and industry people.

To learn more about economic system, refer

brainly.com/question/26360576

#SPJ4

Complete Question is,

A. How much resources are available in the economy and where they are located

B. Who make decisions regarding what to produce and how it is produced

C. What kinds of products are produced in the economy and how plentiful they are

D. How big the population is, and the makeup of the population

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1 year ago