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umka21 [38]
3 years ago
6

In the short run, a monopolistically competitive firm continues to increase production _____ if it can at least cover its variab

le cost.
Business
1 answer:
tankabanditka [31]3 years ago
8 0

Answer:

Until Marginal Revenue = Marginal Cost

​

Explanation:

In the short run, a monopolistic ally competitive firm continues to increase production until MR = MC if it can at least cover its variable cost. This is the profit maximizing condition. If firm is able to cover his variable costs in short run, he should continue production.

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What is a fixed rate?
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Answer:

A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed rate period of the loan.

Explanation:

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3 years ago
Sherman, Inc. manufactures chainsaws that sell for $65. Each chainsaw uses $14 in direct materials and $9 in direct labor per un
anzhelika [568]

Answer: $18

Explanation:

Based on the information,

Sales revenue = $65 × 225 = $14625

Cost of goods sold = (45 × $20) + (1125 × $4) + (225 × $14) + (225 × $9)

= $900 + $4500 + $3150 + $2025

= $10575

Gross profit = Sales revenue - Cost

= $14625 - $10575

= $4050

The gross profit for one chainsaw will be:

= $4050/225

= $18

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3 years ago
Leadership, productivity and self-direction are examples of?
Mariulka [41]

Life and career skills.

5 0
3 years ago
The U.S. Department of Agriculture guarantees dairy producers that they will receive at least $1.00 per pound of butter they sup
Roman55 [17]

the price is 546

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3 0
3 years ago
Part 1 : Food Cost Ratio= Food Cost/Food Sales Labor Cost Ratio = Labor Cost/Food Sales Contribution Margin (profit) = Total Sal
Crank

Answer:

Food cost ratio=0,275

Labor cost ratio= 0,25

Total Cost ratio=0,525

Contribution Margin (profit) for the food cost= 9500

Range for a good overall food cost for a restaurant operation=28% - 35%

Part 2:

beverage cost ratio=0.23

range for a good overall liquor cost= 18%-23%

Explanation:

Food cost ratio=Food Cost/Food Sales

=$5500.00/$20000.00=0,275

Labor Cost Ratio = Labor Cost/Food Sales

$5000.00/$20000.00=0,25

Total Cost ratio=  ($5500.00+$5000.00)/$20000.00= 0,525

Contribution Margin (profit) for the food cost? Total Sales--Total Costs

=$20000-($5500.00+$5000.00)=9500

What is the range for a good overall food cost for a restaurant operation?

28 % to 35% range

Part 2:

Beverage cost ratio? Beverage Cost/Bar Sales = $1500.00/$6500.00

=0.23

Range for a good overall liquor cost? 18% to 23% range

5 0
3 years ago
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