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Phantasy [73]
4 years ago
11

A firm facing a downward sloping demand curve is producing a level of output at which price is $7, marginal revenue is $5, and a

verage total cost, which is at its minimum value, is $3. In order to maximize profit, the firm should
Business
1 answer:
den301095 [7]4 years ago
4 0

Answer:

It should keep at the current level of output.

Explanation:

Because at current level the average total cost is at minimun, change the output will move from the optimal point to a sub-optimal output which decreases the profit.

The company will keep producing at this level in the short-run until accumulated capital or innovation moves along the long-run cost to decrease the cost of the industry.

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Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 350 ballo
ratelena [41]
<h3>Answer</h3>

The market share of Levon is 28%

<h3>Explanation</h3>

Total revenue of Levon is calculated:

$8 * 350 balloons = $2,800 per month

Total Revenue of the market:

$5 * 2000 balloons = $10,000 per month

Dividing Total Revenue of Levon with Total Revenue of the market

$2,800 / $ 10,000 = 0.28

Convert into percentage by multiplying with 100

0.28 * 100 = 28%

<h3>Conclusion</h3>

The market share of Levon is 28%

Learn more about Business at brainly.com/question/26556204

4 0
2 years ago
A manager who threatens to withhold support or rewards is using _____ as a political tactic.a. inducementb. coercionc. persuasio
DanielleElmas [232]

Answer:

b. coercion

Explanation:

A manager who threatens to withhold support or rewards is using coercion as a political tactic. Employees who work under a coercive management, are forced to follow orders and face a harsh and negative work environment that often leads employees to look for other jobs. Managers who practice coercion feel powerful and might but they don't realize how much damage it causes in the long run for the organization.

4 0
4 years ago
In which of the following types of cases does a plaintiff attempt to prove that while an employer's policy or practice appears t
Ivahew [28]

Answer:

D. Disparate-impact cases

Explanation:

Disparate-impact are basically unintentional-discrimination. Disparate-impact can happen in a disproportionate impact on a protected group.

3 0
3 years ago
On Jan 1, 2011, P.T. Scope Company purchased a computer system for $3,240. The company expects to use the system for 3 years. Th
ira [324]

Answer:

No information given regarding depreciation method Therefore, it is assume P.T Scope Company will use the Straight line Depreciation Method in order to get book value on Dec 31, 2012 and Book value computer system is $1080.

Explanation:

Using Straight line depreciation method the value of Computer system at Dec 31, 2012 is $1080

Depreciation = (cost of asset - Salvage value) / Useful life of asset

Note: In straight line depreciation method the depreciation expense remain constant as it based on the original cost of assets.

Depreciation expense on Dec 31, 2011 = ($3240 - 0 ) / 3 = $1080

Book value on Dec 31, 2011 = $3240 - $1080 = $2160

Depreciation expense on Dec 31, 2012 = ($3240 - 0 ) / 3 = $1080  

Book value on Dec 31, 2012 = $2160 - $1080 = $1080

Straight line depreciation method calculate book value based on the original cost and book value is calculated using Year starting value minus Depreciation expense. Hence, Book value reduce as asset continue to use in business until it reaches to zero or salvage value.

6 0
3 years ago
During the current year, Martin purchases undeveloped land as an investment. Martin intends to rent the land as pastureland and
Levart [38]

Answer:

D) $4,200

Explanation:

Martin's expenses on land = taxes of $2,800 + mortgage interest of $900 a+ liability insurance of $500 = $4,200

6 0
3 years ago
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