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Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pro

Luba_88 [7]

Answer:

Mrs Smith either shut down the business or invest in efficient equipements that lowers the total cost to below $7

Explanation:

The reason is that the you can not make profit if you product is sold in the market at a higher price than the competitor who offers the same product with the same features. So here, Smith can not make profits by selling the product at $8 because here total cost is $8.25 per unit.

So either she should invest in the business equipments which bring efficiencies and keeps the total costs to below $7 or she should shut down her business because the business is turned into loss making machine.

3 0

2 years ago

According to the international financial reporting standards, partnerships must disclose information in the same manner as

katrin [286]

The disclosure should follow the International Financial Reporting Standards. It should fairly show the presentation, provided that all the necessary documents are submitted to be a statement of financial position. <span>Disclosure in a partnership has to make the same guidelines as the entity requirements. </span>

5 0

3 years ago

Read 2 more answers

Estimate the cost of expanding a planned new clinic by 25,000 ft2. The appropriate capacity exponent is 0.62, and the budget est

jeka57 [31]

Answer:

cost of expansion = $1389859.55

Explanation:

Given data:

Original size = 185,000 ft^2

New expansion = 25000 ft^2

capacity component = 0.62

total cost for original size of clinic is = $17 million

Size of new clinic = 185,000 + 25,000 = 210,000 ft^2

cost of new clinic $= 17,000,000 \times [\frac{size\ of\ new\ clinic}{185,000}]^{0.62}$

cost of new clinic = $17,000,000 \times [\frac{210,000}{185,000}]^{0.62}$

cost of new clinic = $18,389,859.56

cost of expansion = cost of 210,000 ft^2 - cost of 185,000 ft^2

= 18,389,859.56- 17,000,000

cost of expansion = $1389859.55

4 0

3 years ago

At one time, most of the cars produced in Mexico were sold in Mexico. Today, however, Mexico both exports and imports cars. How

nignag [31]

Answer:

Mexico's speciality is the manufacture of high-end vehicles and it exports those. They then import low-end vehicles that are usually manufactured at a low cost in other places.

Explanation:

Comparative advantage refers to the ability of an economy to create products and services at a reduced cost than that of the business partners.

8 0

3 years ago

Define return( rate of return).

elena-14-01-66 [18.8K]

Answer:

its returning the rate that was given out

i guess i jus gave it a try

6 0

2 years ago