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devlian [24]
2 years ago
9

To maximize its profit, a producer should set a price (and produce that related output) where:A. marginal cost is just less than

or equal to marginal revenue.
B. marginal cost is at its minimum.
C. price is as high as possible.
D. total revenue equals total cost.
E. marginal revenue is zero
Business
1 answer:
marin [14]2 years ago
3 0

Answer:

The correct answer is A.

Explanation:

To maximize the profit you need to set a price where marginal cost equals marginal income. If marginal income is higher than marginal cost, each additional unit will increase income. If the marginal cost is higher than the marginal income, each additional unit will decrease income. Therefore, to maximize profit Cmg=Img.

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If the government removes a $4 tax on buyers of restaurant meals and imposes the same 4 tax on sellers of restaurant meals, then
Tanya [424]

Answer:

C. not change, and the price received by sellers will not change.

Explanation:

Because previously there was a tax of the same ammoutn nothing will change. The sellers will will transfer the tax into the price therefore, the after-tax proceeds will not change netiher the selling price. The same effect of the consumer tax will occur again, some or the entire tax will be pay for the seller or the consumer based on the elasticity of the supply and demand curve.

The effect of chaging the law will not alter the economic reality of translate taxes into consumers

4 0
3 years ago
Collier/Evans defines servicescape as "all the physical evidence a customer might use to form an impression."
Slav-nsk [51]

Answer:

Walmart

Explanation:

The serviescape of a business includes the business appereance, layout, structure, signage, and equipment.

Walmart is a retail superstore that specializes in cheap consumer goods. The layout of the Walmart, is accordingly, spacious in order to accommodate as many products as possible.

The colors blue, yellow and white dominate the sings in the store, because those are the colors of the corporate brand. In the ailes, prices are written with very large fonts so that any customer can easily read them. This has to do with the fact that Walmart has established itself as a cheap option.

The greeters at Walmart are part of the corporate culture, but also a means to prevent shoplifting.

7 0
3 years ago
Increased professionalism in police forces has been made possible by two-way radios, telephones, and automobiles. in what way ha
anzhelika [568]
Answer:  
One way in which society has not benefited from the increasing police professionalism is because of the increase, community relations between civilians and police suffered despite the removal of political involvement.
8 0
3 years ago
Bratton corporation had 8200 units of work in process on April 1. During April , 22300 units were completed and as of April 30 6
yanalaym [24]

Answer:

20,140 units

Explanation:

The number of units started will be the units completed in April plus the ending inventory minus the opening work in progress.

Units started =  completed unit + ending inventory - beginning inventory.

Units started = 22,300 + 6,040 -8,200

units started = 28,340 - 8200

units started =20,140

6 0
2 years ago
Owners of a local restaurant are concerned about their ability to provide quality service as they continue to grow and attract m
Artyom0805 [142]

Answer:

Zone of service

Explanation:

Zone of service is the period where there is intensive service to be rendered to customers because of the number present per hour.  Since they can serve 162 customers per hour, one can estimate that they would be serving about a thousand customers per night within a six-hour period.  In the zone of service, every hand would usually be on deck and the tables and chairs would be fully occupied with customers making their food and drink demands.

6 0
3 years ago
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