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andrew11 [14]
3 years ago
8

Economists expect the firm to maximize __________, the laborer to accept the best __________, and the consumer to find the combi

nation of goods that gives the most __________.a. offers; profits; utilityb. profits; utility; offerc. utility; offer; profitd. profit; offer; utilitye. offers; profits; utility
Business
2 answers:
algol133 years ago
7 0

Answer:

The correct answer is option d.

Explanation:

The firms are expected to maximize profits, the laborers are expected to accept the best offer and the rational consumer is expected to choose the bundle of good that maximizes utility.

Firms will produce the output level where their profits are maximized. The consumer will consume at the level where their total utility is maximized and the laborer will accept the best offer to maximize his benefit.

Cerrena [4.2K]3 years ago
4 0

Answer: Option (d) is correct.

Explanation:

Correct option: Profit; offer; utility.

All the economists expect that a firm's first priority is to maximize the profit and the labors are well versed with all the offers. So, they accept the best offer, which gives them higher wages.

Consumer chooses the combination of goods which gives the higher utility. They wants to maximize their total utility.

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Ezra is the manager of outdoor adventure sporting goods. during the past six months, his cash expenditures have exceeded his cas
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The manager of sporting items for outdoor adventures is Ezra. His monetary outlays have outpaced his cash receipts during the last six months. The outdoor adventure industry has a cash flow issue.

Although profitability may be the most important indicator of a company's success, maintaining a steady level of cash flow on a daily basis is essential if your organization is to survive and expand.

When the amount of money leaving the organization exceeds the amount of money coming in, there is a cash flow issue. This results in a lack of liquidity, which might hinder your capacity to pay bills, make loan repayments, and run business profitably.

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7 0
1 year ago
Projects often include indirect costs that are necessary to keep the organization running, but are not associated with one speci
Sedbober [7]

Answer:

The correct answer is:

executive salaries, utilities and insurance (C.)

Explanation:

Indirect costs are  costs that are not directly attributable objectively to a good, project, facility or service. Indirect costs are either fixed or variable. Fixed indirect costs are costs that do not change as the units/volumes of production  change, while variable indirect costs are costs that change with change in production units. Indirect cost can also be classified as either recurring or fixed. Recurring indirect costs are those that are repeated in nature, example is salaries of laborers, while fixed indirect can be cost of transportation. In this example, executive salaries, utilities and insurance are not directly attributable to a specific project at hand; the executives do not partake in the project hands-on, insurance and utilities such as electricity rent are not project-specific and it is financially infeasible to do so.

On the other hand, direct costs are costs that are directly attributable to the object, and it is financially feasible to do so, hence travel cost, labor, consultant and subcontractors costs, and material costs are all directly linked to the project (object).

3 0
3 years ago
Which report generated by marketing MIS shows which products are doing well and which need improvement or should be discarded al
jok3333 [9.3K]

Answer:

The correct answer is letter "C": Sales by Product report.

Explanation:

In the Marketing Information System (MIS), the Sales by Product Report stores the information of the product quantity, amount invoiced, journal amount, costs of the goods sold, taxes, and profits given a certain accounting period. Thanks to all that data provided, the organization is able to determine what products should continue being produced and which ones must be left behind.

8 0
3 years ago
A monopolistically competitive firm is currently producing the profit-maximizing level of output. If the price of a variable inp
statuscvo [17]

A monopolistically competitive firm is currently producing the profit-maximizing level of output. If the price of a variable input increases, the firm’s average total cost and marginal cost curves will shift upward.

Option C

<u>Explanation: </u>

Monopolistic competition is a sort of incomplete competition that requires multiple companies to sell a product which is distinct and thus not ideal alternatives.

Monopoly competition is a framework of the market that integrates monopoly aspects and market competition. A dynamic monopoly market basically has freedom of entering and exiting, but businesses can distinguish between their goods.

We get an inelastic curve of demand and therefore can set the prices. Nevertheless, because the right to participate would allow supernormal incentives to more businesses to gain market share, which will result in regular long-term profits .

8 0
2 years ago
5. What kind of culture does the organization have? What are the values and norms? What effect does the organizational culture h
quester [9]

The correct answer to this open question is the following.

Although the question is incomplete because it does not provide the name of the organization or any other reference, we can comment on the following.

The kind of culture that the organization should have is one that fosters diversity, openness, respect, values, and tolerance. The values and norms are so important because they are the standard of conduct that has to be instilled in the organization so people can know what to expect under different circumstances.

The effect the organizational culture has on the way employees behave or treat customers is a guideline based on values, traditions, conducts, and norms, that establish the foundation and the standard of performance that makes the organization unique. This way consumers will always prefer this organization for the kind of customer service it has and the way employees make clients feel special.

5 0
3 years ago
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