When marginal profit turns negative, producing more output will decrease total profits. Total profit is maximized where marginal revenue equals marginal cost. In this example, maximum profit occurs at 4 units of output.
Answer:
Emergent strategy
Explanation:
Emergent strategy -
It is the process to determine the unexpected outcome due to the execution of the corporate strategy and then integrating the unpredictable outcomes into the future corporate plans , is knows as the Emergent strategy .
As , with the help of social media platform , it is used to magnify the marketing plan .
Hence , the same same case is given in the question , therefore the correct term for the given information is Emergent strategy .
Answer:
$15,000
Explanation:
In leo company books, the gain recognized would be $75,000 - $60,000 = $15,000 as they are selling the land $15,000 more than it initially cost them
Answer:
Utility expense Dr. $200
Accounts payable Cr. $200
(To record the entry for electric expense)
Explanation:
Given the amount of the invoice = $200
The expenses like Electricity expenses come under utility expenses so the incurred electricity expense will show that the utility expenses are debited and account payable is credited. Here the account payable is credited because the is not paid.
Thus, below is the entry as on 30th November.
Utility expense Dr. $200
Accounts payable Cr. $200
(To record the entry for electric expense)
