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3 years ago

If a monopolistically competitive firm's marginal cost increases, then in order to maximize profits, the firm will:

Business

1 answer:

Serjik [45]3 years ago

7 0

Answer:

A. reduce output and increase price.

Explanation:

In the case of monopolistic firm at the time of profit maximization, the marginal revenue should be equivalent to the marginal cost i.e.

Marginal revenue = Marginal cost

When the marginal cost rises, the cost of generating an additional unit is also rise to equate MR and MC and at the same time the output would be decreased and the price is increased also the price is more than its marginal cos

Therefore the option A is correct

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a college in a metropolitan area wishes to increase its evening offerings of business-related courses such as marketing, account

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Answer:

Target markets are management and business students looking forward for employment and full year courses.

Explanation:

The target market can be those who are working full time in the day and may also include the small and medium business owners that intend to provide some sort of online cloud computing set up for the college, and

It may be the students that want to continue their higher education and pursuing a full degree. These may also include the off-campus students that are interested in doing professional courses.

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3 years ago

As a contemporary manager, your employees will perceive that their opinions are more valued if: you provide settings where emplo

erma4kov [3.2K]

Answer:

you provide settings where employees have the opportunity to converse with all levels of management.

Explanation:

In simple words, employees feel motivated and values when they fell involved in the decisions inside the organisation, as these decisions affects them too.

Generally, the core decisions in any organisation are taken by top managers but they too are dependent on lower level managers for the data they receive. Hence, a network should be set for employees so they can give their suggestions to all levels of managers.

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4 years ago

Caroline's manager notices that she exhibits an internal locus of control when she speaks about her work. her manager should ___

Ymorist [56]

Her manager should provide incentives such as merit pay or sales <span>commissions.
Internal locus of control means that Caroline believes that her actions directly affect the consequences of those actions, which is why providing her with such incentives would have a great impact on Caroline and her work, and she would be even more productive.
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3 years ago

The term ______ describes circumstances where a country's exports exceed it imports.

Misha Larkins [42]

Trade surplus or positive trade balance.

Both of these terms refer to the situation of higher exports than imports.

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3 years ago

The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:

Sati [7]

Answer:

Weller Company

Selling and Administrative Expense Budget for the upcoming year:

First Quarter

Variable = $302,400 (($2.80 x (29,000 + 30,000 +22,000 + 27,000))

Fixed:

Advertising = $56,000 ($14,000 x 4)

Executive Salaries = $188,000 ($47,000 x 4)

Depreciation = $112,000 ($28,000 x 4)

Insurance = $10,000 ($5,000 x 2)

Property Taxes = $7,800

Total = $672,200

Explanation:

A budget is a projection into the future about the activities of an entity. It is used for planning and decision making, especially when the budget is compared with the actual performances to obtain variances.

The total variable for the year is obtained by adding up the budgeted unit sales for the quarters and multiplying by the variable expense per unit.

The fixed costs total $373,800. The Advertising, Executive Salaries, and Depreciation costs would be incurred each quarter. So their sums were obtained by multiplying a quarter's total cost by 4.

Insurance cost would be incurred only in two quarters and Property Taxes in one quarter only.

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3 years ago