Answer: the second to last option, owner's equity
Explanation:
i took the business class earlier this semester on edge :)
Answer:
The correct answer is the third statement which says to maximize profits, the firm should produce less than 500 units.
Explanation:
The quantity of output produced is 500 units.
The marginal cost of producing 500 units is $1.50.
The minimum average variable cost is $1.
The price of the product is $1.25.
The firm will be at equilibrium when the price is equal to marginal cost. To maximize profits firm should decrease output to the extent that marginal cost comes to $1.25. At that point, the firm will earn profits as average variable cost is lower than the price.
Answer:
The answer is setup cost (option C)
Explanation:
Setup cost is simply the cost that comes with the setting up or configuration of production equipment, tools or machines that are needed to produce an item.
This kind of costs are often incurred when assembly or production lines of a factory have been changed. Thus, there is a need to spend money on securing the services of a setup mechanic as well as testing the first output in order to be sure that the equipment, tools or machines have been set up properly.
Answer:
The correct answer is letter "A": cooperating with one another.
Explanation:
In front of consumer hesitation about technology being introduced in the market, companies selling those products should <em>join forces</em> to keep buyers updated. They can achieve that by providing their sales team with flyers where the main attractive features of the new technology can be outlined promoting customers to request additional information to clerks in an attempt to have them close sales.
Besides, companies can organize events where all of them show consumers their products using the new technology introduced where customers can interact with it and learn more about how it works.