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ale4655 [162]
3 years ago
10

The gosports company is a profit-maximizing firm with a monopoly in the production of school team pennants. the firm sells its p

ennants for $10 each. we can conclude that gosports is producing a level of output at which: average total cost is greater than $10. average total cost equals $10. marginal revenue equals $10. marginal cost equals marginal revenue.
Business
1 answer:
Elena L [17]3 years ago
7 0

Answer:

Marginal cost equals marginal revenue.

Explanation:

Profit maximization states that firms must operate at a level of output where marginal costs = marginal revenue.

If the firm produces less that that, they will not be making the maximum profit because they could still produce more and make more money.

If the produces more, they will be losing money because cost will be higher than revenue.

The spot on a graph where marginal costs equal marginal revenue is the "sweet spot" where profits are maximized.

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If the constructor function is a machine to create object instances, then the _____ is the blueprint for the objects that are cr
Blizzard [7]

I think ( prototype)

If the constructor function is a machine to create object instances, then the <em><u>prototype</u></em> is the blueprint for the objects that are created.

6 0
3 years ago
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $
cestrela7 [59]

Answer:

Cash flows from operating activities:

Net income                                                                          $52,000

Adjustments to net income:

  • Depreciation expense $30,000
  • Accounts receivable increased by ($25,000)
  • Inventories increased by ($5,000)
  • Accounts payable decreased by ($18,000)             <u>($18,000)</u>

Net cash flow provided by operating activities                $34,000

3 0
4 years ago
Last year Christine worked as a consultant. She hired an administrative assistant for $15,000 per year and rented office space (
mel-nik [20]

Answer:

Explicit costs - $51,000

Explicit costs are those for which a person incurs in actual spending of money. In this case, Christine had to pay $15,000 in wages, and $36,000 in rent ($3,000 x 12). These are expenses that she had to pay money for, and that had to be accounted for in the accounting books, and in the financial statements. These are in other words, explicit costs.

Implicit costs - $40,000

Implicit costs are simply the opportunity costs. An opportunity cost is the cost of the next more valuable alternative when faced with two or more options. No money is paid for this costs. The implicit costs for Christine were the $40,000 that she not receive as wages if she had continued working at a real state firm.

8 0
3 years ago
An account related with another account on the financial statements that 1) directly reduces the related account and 2) has an o
VLD [36.1K]

Answer:

Contra account.

Explanation:

A contra account is an account that has an opposite of what is the normal balance for the class of such an account. a company would be able to report the original amount and in so doing also be able to report the reduction and then what is the net amount would be reported. in other words such an account is used to reduce the value of another related account. And thereafter the net value is what is going to be reported.

6 0
3 years ago
Which is a helpful resource for you during the process of buying a home? A. Realtors B. Local programs C. Government programs D.
Klio2033 [76]

Answer:

A. Realtors

Explanation:

A realtor is a professional who helps clients buy and sell properties.  Realtors are registered by the National Association of Realtors (NAR) and licensed to practice by their local authorities.

Realtors work for real estate companies. They may be real estate agents, salespeople, residential and commercial real estate brokers, property managers, or appraisers. Since they are recognized by law, and their work revolves around properties, realtors stand in a better position to assist someone buying a house.

3 0
3 years ago
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