All categories

2 years ago

The total cost of producing a given level of output is:____.

Business

1 answer:

Sholpan [36]2 years ago

6 0

Answer:

The total cost of producing a given level of output is:____.

d. minimized when the ratio of marginal product to input price is equal for all inputs.

Explanation:

With the above situation, the marginal cost (input price) = the marginal revenue (marginal product). The producer can then maximize profit if it can lower its average total cost per unit below the marginal cost for producing one additional unit of its product. In all cost situations, it is better for the producer to have the total revenue exceeding the total costs, at all times, but more especially with increasing production.

You might be interested in

A firm is reviewing an investment opportunity that requires an initial cash outlay of $336,875 and promises to return the follow

Fofino [41]

Answer:

The NPV of this investment is $64,581.75

Explanation:

Hi, we need to discount to present value all the future cash flows, the formula to use is as follows:

$NPV=-Investment+\frac{CF1}{(1+r)^{1} }+\frac{CF2}{(1+r)^{2}} +\frac{CF3}{(1+r)^{3}} +\frac{CF4}{(1+r)^{4}} +\frac{CF5}{(1+r)^{5}}$

Where

NPV = Net Present Value

CF = The cash flow stated in the problem by year

r= discount rate (in our case, 0.08 or 8%)

Now, let´s solve this.

$NPV=-336,875+\frac{100,000}{(1+0.08)^{1} }+\frac{82,000}{(1+0.08)^{2}} +\frac{76,000}{(1+0.08)^{3}} +\frac{111,000}{(1+0.08)^{4}} +\frac{142,000}{(1+0.08)^{5}}$

$NPV=-336,875+ 92,592.59 + 70,301.78 + 60,331.25 + 81,588.31+96,642.81$

$NPV=64,581.75$

So, the net present value of this project is $64,581.75

Best of luck.

7 0

3 years ago

Suppose market forces outside of the control of the Chinese government are causing the price of Chinese yuan in terms of Japanes

pochemuha

Answer:

A. file a pegging application with one of the three international currency-management agencies.

8 0

3 years ago

In many corporations, there is "separation of ownership from control." what does this mean

sesenic [268]

This means shareholders own the corporation, but it is controlled by managers.

3 0

2 years ago

The goal of strategy is to find a(n) ________ that is so well suited to the firm's competitive advantages that other organizatio

kolbaska11 [484]

Answer:

The correct answer is letter "C": propitious niche.

Explanation:

Companies develop strategies to set the steps necessary to accomplish an objective. One of those steps involves finding the firm's propitious niche which is no more than its target market. It determines what the company should do based on the best competitive advantage the firm will have in that market that will differentiate the company from competitors and will help the firm to establish in the market.

8 0

2 years ago

Read 2 more answers

Direct interview requests include of all of the following techniques EXCEPT: a. Requesting an interview through an employment ag

PtichkaEL [24]

Direct interview requests include of all of the following techniques EXCEPT: a. Requesting an interview through an employment agency. Direct interview requests includes:
>Requesting an interview during a personal visit to the company.
>Requesting an interview during a personal visit to the company.
>Requesting an interview through a telephone call.

6 0

3 years ago

Read 2 more answers