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qaws [65]
3 years ago
9

A competitive firm has been selling its output for $20 per unit and has been maximizing its profit, which is positive. Then, the

price falls to $18, and the firm makes whatever adjustments are necessary to maximize its profit at the nowlower price. Once the firm has adjusted, its a. marginal cost is higher than it was previously. b. average total cost is lower than it was previously. c. quantity of output is lower than it was previously. d. All of the above are correct.
Business
1 answer:
andriy [413]3 years ago
7 0

Answer:

The correct answer is option c.

Explanation:

A competitive firm has been selling its output for $20 per unit and has been maximizing its profit, which is positive.

The price falls to $18, and the firm makes whatever adjustments are necessary to maximize its profit at the lower price.

A competitive firm will produce at the point where the marginal cost is equal to price. When the price is lowered the firm will produce at a point with lower marginal cost.  

It will thus produce lesser output than what it was producing earlier. So the quantity of output will be lower than previously.

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Measuring business activities and reporting those measurements to external parties is the function of ______ accounting.
Andru [333]

Answer:

Financial

Explanation:

Basically, there are two forms of accounting for measuring business activities namely; Financial accounting and Management accounting.

Financial accounting involves the measurement of the business activities over a period using a defined framework or standard such as US GAAP, IFRS, etc. This is usually presented in a form of statements called the financial statements and is used by internal and external stakeholders such as Government, creditors, shareholders etc.

Management account is usually prepared for management purposes and measures the company's actual activities against the budget or plan.

The right answer is financial accounting.

3 0
3 years ago
Kathy has $50,000 to invest today and would like to determine whether it is realistic for her to achieve her goal of buying a ho
Tresset [83]

Answer:

So she must achieve about 11.61 %

Explanation:

Amount invest by Kathy = $50000

She wanted to buy a home for $150000

Time of investment = 10 years

We have to find the return which she received

Let she receives x return

So according to question 50000\times (1+x)^{10}=150000

(1+x)^{10}=3

(1+x)=3^{0.1}

(1+x)=1.1161

x=0.1161=11.61%

So she must achieve about 11.61 %

4 0
3 years ago
In Benny v. City Car Dealership, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a tr
eduard

Answer:

A

Explanation:

Allow the minor to cancel the contract

5 0
3 years ago
Read 2 more answers
According to your text, the practices that do most to promote employee engagement are opportunities for career progress, recogni
Amiraneli [1.4K]

Answer: Brand alignment

Explanation:

 The brand alignment is one of the simplest way of development the new products and the services and also makes the marketing strategies more effective in an organization.

According to the given text, the practices are basically promoting the different types of opportunities for the purpose of career progress and also the brand alignment.

The main importance of the brand alignment is that we can easily represent our company brand to the client and also provide the internal consistent in the market.    

 Therefore, Brand alignment is the correct answer.

7 0
3 years ago
You have just completed a $ 24 comma 000 feasibility study for a new coffee shop in some retail space you own. You bought the sp
ikadub [295]

Answer:

$150,300

Explanation:

The computation of the correct initial cash flow is shown below:

= Capital expenditure + net after taxes + initial investment in inventory

= $33,000 + $112,000 + $5,300

= $150,300

The net after taxes is also term as opportunity cost

And, the initial investment in inventory is also term as change in working capital

All other information which is given is not relevant. Hence, ignored it

6 0
3 years ago
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