Answer:
Rest of question:
... equals marginal cost.
Firms will maximize profits at the point where marginal revenue equals marginal cost because producing after this point means that no profits will be made.
As long as the Marginal revenue exceeds marginal cost, there will be profits made because the company is making more than it is spending so they should keep producing. When it gets to a point in production where the marginal revenue equals marginal cost, the company should not produce further than that.
This is because, as earlier mentioned, any further production would result in the marginal cost being larger than the marginal revenue which means that a loss will be made. The company should therefore stop at the point where MR = MC so as not to let MC get larger than MR so that no losses will be made.
Answer: See explanation
Explanation:
Based on the information provided in the question, the deficit in the 3rd year of college will be: = $32,150
The total debt that one owes in the 3rf year will then be the addition of the debts from the 1st to the 3rd year and this will be:
= $31,300 + $31,900 + $32,150
= $63,232
Trade restrictions tend to preserve relatively few jobs in the protected industries and lead to job losses in other industries. Trade restrictions can vary from quotas, embargoes, standards, subsidies, tariffs and more that make it hard to trade (important/export) goods between two companies and also set prices for these. Depending on what is allowed and what is not different industries can benefit from the trade restrictions and some can be harmed by them.
Answer:
"Persuasive" "reminder"
Explanation:
Campbell's Soup Company ran a series of radio ads tied to local weather forecasts. Before an impending storm the ads said, "Time to stock up on Campbell's Soup." During the storm the ads said, "Stay home and stay warm with Campbell's Soup." The first ad was persuasive advertising, while the second ad was reminder advertising.
Collateral is an asset or piece of property that a borrower offers to a lender as security for a loan. ... An example of unsecured lending is a business credit card. Borrowers do not offer collateral when using a credit card. Since the loan is unsecured, credit cards typically carry higher interest rates.
