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Crank
3 years ago
8

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

Business
1 answer:
Sholpan [36]3 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.

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If a production process creates positive​ externalities, a competitive market produces too few positive externalities because th
IceJOKER [234]

Answer:

The correct answer is option B.

Explanation:

When there is a positive externality the social benefit to consumers will be higher than the private benefit. Positive externalities mean that the benefit of production will be earned by some third party. The firms will not be compensated for these externalities. This will lead to market failure. So, a competitive firm will produce too few positive externalities unless the firms are compensated.  

4 0
3 years ago
A person takes out a car loan at a bank, but actually uses the money to play the lottery. This situation is an example of which
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Answer:

b.moral hazard

Explanation:

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3 years ago
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3 years ago
If the company budgets to need 4000 units to sell for a month, has a beginning inventory of 1000 units and a desired ending inve
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Answer:

5,500 units

Explanation:

The computation is shown below:

Given that

Need to sell the units in a month = 4,000 units

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= 5,500 units

5 0
3 years ago
How does fractional reserve banking grow the economy?
Aleks [24]

Answer:

C. By allowing the same money to be both stored as a deposit and  loaned to businesses is the correct answer.

Explanation:

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