What should a firm do to minimize cost

1 answer:

3 0

There’s a couple things you can do.

Small firms have higher average costs, so if you can bring down average costs and increase output, then it will lead to lower average costs. Other things you could do to reduce costs are:

Reduce supply expenses.

Cut production costs.

Lower financial expenditures.

Modernize your marketing efforts.

start an internship program (free labor)

I hope that helps.

You might be interested in

Paula Reid is the manager at the Miami office of the U.S. Secret Service who set in motion a major prostitution scandal by repor

Elan Coil [88]

Answer:

The answer is: She used the justice approach, realizing that the greater good is served because people learn to help each other in their own interest.

Explanation:

Justice approach: an ethical decision is a decision that distributes benefits and costs (or punishments) among those involved in a fair, equitable, and impartial way.

Paula used this approach because she believed the agents had acted improperly and that they were harming the US Secret Service.

I consider any organization a team, so in order for it to work well its members must be respected both by their peers and by the other teams´ members. If you consider the various types of activities this specific agency carries out, other not so friendly "teams" (other secret services or even terrorists) could use this type of information to damage or compromise those activities. So the well being of all the country was being jeopardized by a group of bad agents.

7 0

3 years ago

Consider a hypothetical economy in which the marginal propensity to consume (MPC) is 0.50. That is, if disposable income increas

evablogger [386]

Answer:

The level of saving = $450 billion - $400 billion= $50 billion

Marginal propensity to save = 1- marginal propensity to consume (MPC)=0.5

Expected consumption

MPC= change in Consumption/ change in income 200 billion * 0.5 = $100billion

Therefore consumption = 100 billion + 400 billion = $500 billion

Saving = $650 billion - $500 billion= $ 150 billion

Explanation:

4 0

3 years ago

Normally, mortgage brokers have nothing to lose by encouraging you to get a bigger loan than you may be able to afford.

jasenka [17]

The answer is true because

3 0

1 year ago

In general, business writing should be _____.

Dmitrij [34]

In general, business writing should be _____.

Easy to read quickly

9 0

3 years ago

Monetarists reject using discretionary monetary policy as an effective stabilization tool because they believe:_____.

WINSTONCH [101]

Monetarists reject using discretionary monetary policy as an effective stabilization tool because they believe the Fed will miss its money supply targets and make the economy worse.

Monetary policy is the macroeconomic policy set by the central bank. It involves the management of the money supply and interest rates, and is the demand-side economic policy adopted by national governments to achieve macroeconomic goals such as inflation, consumption, growth and liquidity.

Monetary policy is the action and communication of the central bank that controls the money supply. Central banks use monetary policy to prevent inflation, reduce unemployment, and promote moderate long-term interest rates.

Monetary policy refers to the measures taken by a country's central bank to control the money supply in order to stabilize the economy.

Learn more about monetary policy here:brainly.com/question/13926715
#SPJ4

3 0

1 year ago

What should a firm do to minimize cost​

What should a firm do to minimize cost