1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
almond37 [142]
3 years ago
7

A perfectly competitive firm facing a price of $10 decides to produce 100 widgets. If its marginal cost of producing the last wi

dget is $12 and it is seeking to maximize profit, the firm should _______.
Business
1 answer:
IrinaK [193]3 years ago
5 0

Answer:

To maximize the profit the firm should produce fewer widgets because, as the number of widget production increases the marginal cost of producing widgets increases.

You might be interested in
Alexandra wants to play soccer & also work at McDonald's. She cannot do both so she decides to play soccer. What is her oppo
Tanya [424]

Answer:

Opportunity cost is giving up the working at Mc Donald's

Explanation:

Opportunity cost is the term which is stated as the profit, value of something or the benefit which is given up for something in order to acquire or accomplish something else.

In this case, Alexandra wants to work at Mc D and play soccer. So, she decided to play soccer. Therefore, the opportunity cost is working at Mc Donald in order to play.

4 0
3 years ago
Anyone who knows how to properly label a supply and demand graph please help! Draw a supply and demand graph for the given scena
goldfiish [28.3K]

The factor that would shift demand is the reduction in the price of laptops.

The equilibrium price  and quantity would decrease.

<h3>What is the result of the policy?</h3>

When the price of laptops are reduced, the quantity demand for laptops would increase while the demand for computers would fall. This is because computers and laptops are substitute goods.

As a result of a fall in the demand for computers, the demand curve would shift to the left. Equilibrium price and quantity would fall.

Please find attached the required diagram. To learn more about the demand curve, please check: brainly.com/question/25140811

#SPJ1

3 0
2 years ago
The maturity models presented in this chapter all demonstrate that: a. Project management maturity is an ongoing process based o
Lostsunrise [7]

Answer:

a. Project management maturity is an ongoing process based on continuous improvement.

Explanation:

Maturity models are a prospering approach to improving a company's processes and business process management capabilities. It measures the ability of an organization for continuous improvement in a particular discipline.

Project management maturity models are used to: compare practices against an industry standard, define a systematic route for improving project management practices and evaluate current project management practices.

From the above, we can conclude that the maturity models presented in this chapter all demonstrate that Project management maturity is an ongoing process based on continuous improvement.

6 0
3 years ago
Read 2 more answers
When Mayo Clinic conducted its analysis during the 1980s, what two segments of the general environment did it initially focus on
Georgia [21]

Answer: a. Demographic and Economic .

Explanation:

In Mayor's clinic analysis of the future, it was stated that both the economic and demographic trends looked bleak.

6 0
3 years ago
You are the financial analyst at Sew Mart, an arts and crafts retail store. Your boss has asked you to review the company's fina
mario62 [17]

Answer:

1. It has worsened

2. Yes (refer details below)

3. Refer details below

Explanation:

1. Performance

The performance of the company over the last three years has worsened as indicated by declining sales and decreasing current ratios impacting profitability and liquidity of the company.

2. Concerns

One of the most important concern for the company is its declining sales. It shows that the products are not competitive. Current ratios indicates liquidity crisis since they are decreasing.

3. Recommendations

The company's turnover ratio is high, which may indicates payments are being received timely, and hence the co. should take advantage of that

Low inventory turnover, on the other hand, indicates weaker sales and declining demand for a company’s products which is corroborated by the declining sales trend, the co. must increase its sales, launch new products, advertise aggressively.

8 0
3 years ago
Other questions:
  • Al, who is single, has a gain of $40,000 on the sale of § 1244 stock (small business stock) and a loss of $80,000 on the sale of
    14·1 answer
  • Why​ isn't elasticity just measured by the slope of the demand​ curve?
    15·1 answer
  • Which of the following statements is (are) TRUE?
    9·2 answers
  • Swifty Corporation had net sales of $2,419,200 and interest revenue of $39,300 during 2020. Expenses for 2020 were cost of goods
    12·1 answer
  • When consumers buy _____ products, then producers make _____ goods and services. This can lead to economic growth.
    14·1 answer
  • A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied;
    13·1 answer
  • The price index in the first year is 110, in the second year is 100, and in the third year is 96. The economy experienced
    10·1 answer
  • At an activity level of 8,500 machine-hours in a month, Falks Corporation’s total variable production engineering cost is $748,8
    14·1 answer
  • Samuel assists his clients in investing in the stock market. He not only acts as an agent by buying and selling corporate stocks
    7·1 answer
  • Secret Trails received payment in full within the credit period for horse boarding for $1,300 plus 4% sales tax. Terms of the sa
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!