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
Sloan [31]
3 years ago
15

Profit maximization occurs when:

Business
1 answer:
lianna [129]3 years ago
3 0

Answer:

The correct answer is option B.

Explanation:

Profit maximization refers to the situation when a firm is able to maximize the total profit that it could earn through the production of goods and services.  

The total profit is maximized when the marginal profit is zero or when the marginal revenue is equal to marginal cost. The marginal profit is the difference between marginal revenue and marginal cost.  

If the marginal revenue is greater than the marginal cost the firm should increase production till both are equal.  

In case, marginal revenue is less than the marginal cost the firm should stop producing more and reduce production till both are equal.

You might be interested in
Last week john got a call from his contact eric at alpine telecomm in switzerland, one of his company's largest international cu
Mamont248 [21]

What John’s company should prepare to demonstrate is the best practices that they are engaging in managing how it impacts the environment as this is a way of complying or keep up with the top management request and when they undergo with the review.

7 0
3 years ago
What does SSQ stand for?
mixer [17]

Answer:

Special Skills Qualification (most likely)

Explanation:

There are many different things it could stand for, however since you did not specify the context of this, I am assuming it would be this as it is most common.

5 0
2 years ago
Read 2 more answers
N april 1, santa fe, inc. paid griffith publishing company $1,548 for 36-month subscriptions to several different magazines. san
DerKrebs [107]
<span>Let us first find out how much of the prepaid subscriptions has been used up during the reporting year. $1548 is for 36 months. So the monthly rate of subscription charges will be 1548/36 = 43. During the reporting year, subscription charges are paid only for 9 months( from April to December) So the amount to be debited to subscription charges = 43 * 9 = 387. Subscription charges will be debited with $ 387 and prepaid subscriptions account will be credited with the same amount. The remaining amount, 1548-387=1161, will remain in prepaid subscriptions account as a debit balance.</span>
3 0
3 years ago
Scoresby Co. uses 3 machine hours and 1 direct labor hour to produce Product X. It uses 4 machine hours and 8 direct labor hours
beks73 [17]

Answer:

(C) Product X = $880; Product Y = $2,240

Explanation:

The applied overhead will be calculate by the product of the cost diver and the overhead rate:

<u>Cost driver for each product:</u>

Product X   3MH and  1LH

Product Y   4MH and 8LH

<u />

<u>Overhead rate: </u>

240 per machine hour

and 160 per labor hour

Product X   3MH x $240 +  1LH x $160   = 880

Product Y   4MH x $240 +  8LH x $160  = 2,240

4 0
2 years ago
A firm's ________ consists of its planning, finance, accounting, legal, government relations, and other activities supplied by i
ivanzaharov [21]
The answer is infrastructure.
7 0
2 years ago
Other questions:
  • Among game birds popular with American consumers, _______ is by far the most commonly consumed. 
    14·2 answers
  • Assume that Zambia has a domestic investment of $1500 billion, private domestic savings of $3000 billion, and a government defic
    12·1 answer
  • You are a Geographic Information System (GIS) specialist who normally works at the Public Works Planning office. You are directe
    8·2 answers
  • Liang Company began operations on January 1, 2017. During its first two years, the company completed a number of transactions in
    7·1 answer
  • Nanjones Company manufactures a line of products distributed nationally through wholesalers. Presented below are planned manufac
    6·1 answer
  • Wendy was in Walmart and noticed a display with baking items collected together and a little pad with recipes to tear off. She l
    12·1 answer
  • Glasis is a type of paint made specifically for use on cars. An ad in Motor Trend magazine advising consumers to request their a
    5·1 answer
  • The amount a borrower pays for a loan is called
    15·1 answer
  • Over the past several years it has become increasingly important for firms to improve achievement towards their social and envir
    9·1 answer
  • Vernon Bicycle Manufacturing Company currently produces the handlebars used in manufacturing its bicycles, which are high-qualit
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!