The information about the marginal cost, average total cost, and average variable cost at the profit-maximizing point of production when a price ceiling has been imposed will be:
- Not higher than $10.
- Higher than $14.
- Higher than $10.
From the complete question, it should be noted that under perfect competition, in order to maximize profit, the price will be equal to the marginal cost. Based on the information given, the marginal cost won't be more than $10 due to the fact the ceiling price is at this price. Therefore, the <em><u>marginal cost</u></em><em> won't be more than $10.</em>
A firm in perfect competition will earn economic profit in the long run when the profit becomes zero. Therefore, the average total cost must be higher than $14.
Finally, the average variable cost won't be more than $10. This is because the price can't fall below the equilibrium price in order to maximize profit in perfect competition.
Read related link on:
brainly.com/question/25328951
Answer:
The correct answer is letter "A": maximizing profits is the primary objective of a firm.
Explanation:
Business private ownership mainly focuses on providing a good or service to a specific or diverse market with the ultimate goal of maximizing profits. Revenue is the reason why those companies exist. On the other hand, state property has the objective of protecting jobs and minimizing social issues.
Answer:
True
Explanation:
All businesses, regardless of type or size, must abide by statutes and regulations. Laws comes from all levels of government. Some laws apply to specific sectors, but the majority addresses the entire industry.
Regulations deal with business registration, licensing, and employee compensation. Laws related to professional bodies such as lawyers or doctors must be adhered to by relevant businesses. Governments impose regulations on taxation, statutory deduction, and safety in the workplace.
Following regulations protects the customers, employees, and businesses. An employee who follows the law knows what is expected of them. Following rules will save the company from lawsuits. Employees will feel confident and motivated when they work for a company that follows the law.
Not following the law will cause problems with the tax authorities. It may lead to misrepresentation of financial records or expose employees to hazardous work environments. Such a business will most likely face may lawsuits that come along with huge costs. Not following the law may lead to the collapse of a company.
There are different kinds of employment benefits. The answers to the questions are;
- The salary at the new job is an advantage
- The benefits at the job are an advantage
- The job's location is an advantage
- The potential for job satisfaction is an advantage
There are different benefits from finding a good job. They include insurance in both medical, life, dental etc., vacation pay, holiday pay, maternity leave, bonuses etc.
Getting a good Job that has a good pay and very close to one's residence is very important as it will reduce your cost of spending.
See full question below
Keisha has received an offer for a job that pays a higher salary than her current job. It also offers health insurance for all the members of family. The new job is a distance from her home and will require a long commute, which will take her away from her family for many hours of the day. In addition, it provides the promise of advancement and future opportunities at that company. The salary at the new job is a(n) . The benefits at the job are a(n) . The job’s location is a(n) . The potential for job satisfaction is a(n) .
Learn more about Employment from
brainly.com/question/25609681
Answer:
d. All of these
Explanation:
Personal financing is the process of organizing and managing an individual or household's income to achieve set financial goals. It involves managing personal finance activities such as income, expenditure, savings, and investments. The primary objective of personal finance is to assist individuals maximize their current incomes and make future plans. As a result, they can achieve both short term and long term goals.
