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Anika [276]
3 years ago
9

If a competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $24 per bushel and the margin

al cost is $26 per bushel, the firm should: reduce output. expand output. increase price. cut output to zero.
Business
1 answer:
Dmitrij [34]3 years ago
5 0

Answer:

reduce output

Explanation:

The marginal cost ($26) is greater than the marginal revenue ($25). In order to maximise profit, marginal cost should he reduced up to the point where marginal cost equals marginal benefit.

A firm should shutdown, reduce production to zero if average variable cost is greater than price but in this question, the firm shouldn't shut down since price ($25) is greater than average variable cost ($24).

I hope my answer helps you

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What is most often the cause for a change in career or lifestyle?
Margaret [11]

Answer:

Adjustment, is the right answer.

Explanation:

Adjustment is the reason that changes the career or lifestyle. For example, a girl who is working, if she gets married then there are chances that she will continue her professional life but after getting pregnant she has to adjust herself to not go outside. She will avoid going to the office, shopping malls, shopping, etc. Therefore, she has adjusted herself with the situation that changes her carrier (working professional) and her lifestyle.

4 0
2 years ago
Wizard Co. purchased two machines for $250,000 each on January 2, 2005.
Vikki [24]

Answer:

B. $275,000

Explanation:

The second machine will be depreciate over time as it can later be used for operational purposes or another research projects. The first, as can only be used for a  research project It should be considered expenses for the entire amount regardless of the useful life.

Machine B useful life 10 years

depreciation expense: cost / useful life

250,000 / 10 = 25,000

machine A 250,000 + 25,000 depreciation for machine B = 275,000 total

7 0
3 years ago
Considering the needs of a global audience is essential to success in the hospitality and tourism industry?
ozzi

Answer:

True

Explanation:

In simple words, the hospitality and tourism industry refers to the activities related to accommodation, restaurant and tourism etc. In such industries the main focus of the companies is the comfort and joy of their clients. This becomes difficult to implement as every individual have different needs and circumstances. Thus, the planning of activities should be made in such a way that it suited the global audience.

8 0
3 years ago
Match the action to the task it helps accomplish. format text is at the very top or bottom of the page increase or decrease the
Sidana [21]

Answer:

<u><em>format text increase or decrease the space around the text on a page </em></u>

<u><em>Explanation:</em></u>

Indeed, when using Word processing software like Microsoft word, it is possible to use the format text tool called line spacing to <em>increase or decrease the space around the text on a page.</em>

For example, in other to make a written text easily readable, a user may use the format text tool to increase or decrease the space around the text on a page.

6 0
3 years ago
Read 2 more answers
When two or more people get together for the purpose of circumventing prescribed controls, it is called:______
lina2011 [118]

Answer:

a. Collusion

Explanation:

Collusion can be defined as an illegal, secret and uncompetitive agreement between rivalry parties in attempt to destroy the market equilibrium through actions such as illegal-pricing.

Hence, when two or more people get together for the purpose of circumventing prescribed controls, it is called collusion.

Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.

The main purpose of internal controls is to guarantee that loss is eliminated as there's an accurate and reliable accounting system.

An internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.

Hence, internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting

5 0
2 years ago
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