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olga nikolaevna [1]
3 years ago
13

A manager of a monopoly firm notices that the firm is producing output at a rate at which average total cost is falling but is n

ot at its minimum feasible point. the manager argues that surely the firm must not be maximizing its economic profits. the​ manager's argument is
a. ​correct, since a monopolist maximizes profit at a point where average total cost should be at its lowest level.
b. ​correct, since a monopolist maximizes profit at a point where average total cost is equal to marginal cost.
c. ​incorrect, since at the minimum feasible point of the average total cost​ curve, a monopolist earns zero profit.
d. ​incorrect, since profit maximization requires that marginal revenue equals marginal cost but does not require the average total cost to be at any particular level.
Business
1 answer:
scZoUnD [109]3 years ago
3 0
The correct option from the given options is "<span>d. ​incorrect, since profit maximization requires that marginal revenue equals marginal cost but does not require the average total cost to be at any particular level."
</span>
Profit maximization refers to the short run or long run process by which a firm may decide the value, information, and yield levels that prompt the best benefit. Neoclassical financial aspects, at present the standard way to deal with microeconomics, as a rule models the firm as maximizing benefit.
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free rider

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7 0
3 years ago
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Which statements about Section 1231 assets are true? Pick all that apply!!
dem82 [27]

Answer:

The answer is below

Explanation:

Given that Section 1231 assets are a term that is used to describe the real or depreciable trading property acquired for more than a year. For example, landed property, buildings, etc.

Hence, in this case, the correct answer or statement to the question are:

1. If Section 1231 assets are sold and the taxpayer has a realized loss, the loss is a fully deductible ordinary loss

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3 years ago
It is well-known that retaining an existing customer is far less expensive than acquiring a new one, so you suggest that the own
leva [86]

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internal and external data

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External data on other hands are attributed to the market, as well as from customers and from the firms competitors, it could be gotten from survey. All for increasing profitability.

4 0
3 years ago
Once every __________, the census bureau does a comprehensive survey of housing and residential finance. month 5 years 10 years
amm1812
Hello,

Once every 10 years, the Census Bureau does a comprehensive survey of housing and residential finance.

Hope this helps! :)
7 0
3 years ago
Wooten &amp; McMahon Enterprises produces a product with the following per-unit costs: Direct materials $13.00 Direct labor 8.80
vichka [17]

Answer:

COGS= $31,597.5

Explanation:

Giving the following information:

Direct materials $13.00

Direct labor 8.80

Manufacturing overhead 16.50

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First, we need to calculate the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 0 + 13 + 8.8 + 16.5 - 0= $38.3

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Now, we can calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 0 + 31,597.5 - 0= $31,597.5

8 0
3 years ago
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