Answer:
For the business to make profits
Explanation:
Marginals revenue is the additional income realized from the sale of an extra unit. It is the revenue that a firm will gain by selling one more unit of a product or service.
Marginal cost is the expense incurred in the production of one more unit of a product. A business compares marginal revenue to marginal cost to decide if it will cease or continue with production and selling activities.
For a business to continue selling and make profits, marginal revenue must be greater than the marginal cost. In other words, the revenue realized by selling one extra unit must exceed the cost of producing that item. Selling one more unit when the marginal cost is more than the marginal revenue will result in a loss.
If the marginal revenue from a computer is $40 and the marginal cost is $50, selling on extra computer results in a loss of $10. But if the marginal revenue from the same computer is $60, the sale on one more unit will be a gain of $10.
Taxes are automatically withdrawn from paychecks.
Answer: $1,800,000
Explanation:
The merchandise inventory of Glaus at December 31, 2017 will be:
Begining Inventory = $1,600,000
Add: Purchases = $3,200,000
Less: Cost of goods sold = $4,000,000
Add: Gross profit = 25% × $4,000,000 = $1,000,000
Ending Inventory = $1,800,000
The answer is $1,800,000.
Most likely true! Economics is the knowledge/ study of how society functions!
Answer:
From the bank statement of $23000 the needs are:
- cell phone plan = $45
- rent = $400
- car insurance = $60
- Electric bill = $60
- car payment = $250
Explanation:
A need is something needed for an individual to live a fulfilling life without adverse effect. if a need is not fulfilled it can cause an adverse effect like sickness,death or it might cause a fine or penalty.
cell phone plan is an need because without a cell phone plan a cell phone user might be unable to communicate properly with his business associates and family who might not always be with him and he might be unable to pass along proper and timely information as well
Rent is necessary because housing is one of the most important needs of a man without rent plan there would be no proper housing
car insurance: insurance helps to reduce the burden of accidents on the car owner. if he fails to pay his insurance when due. if the car is caught up with eventualities of accident, the insurance company might not respond to him
Electric bill : this is a very important need as well in America. failure to pay the electric bill results to shortage of electricity and electricity is vital to everyday living.
car payment: the regular payment of car loans helps to escape the penalty of late payment hence this is a need.
