A profit-maximizing firm in a perfectly competitive market continues to operate even though it is losing money. It sells its product at a price of $220. Therefore, (select the best answer) 1. Average total cost is higher than $220. 2. Average fixed cost is higher than $220. 3. Average variable cost is higher than $220. 4. Both (1) and (3) are correct. 5. Both (2) and (3) are correct. 6. Marginal cost is increasing. 7. Marginal cost is decreasing.
Answers
The correct answer is 3. Average variable cost is higher than $220. In a perfectly competitive market, a profit-maximizing firm will continue to operate in the short run as long as its revenue covers its variable costs. Variable costs are the costs that vary with the level of production, such as labor and raw materials.
If the firm is selling its product at a price of $220 and still operating despite incurring losses, it implies that the price is above the firm's average variable cost (AVC). Average variable cost is calculated by dividing the total variable cost by the quantity of output.
Since the firm is willing to continue operating at a price of $220, it suggests that the price exceeds the average variable cost. If the price were below the average variable cost, the firm would shut down in the short run to minimize losses.
Therefore, the firm's average variable cost must be higher than $220 for it to continue operating while losing money. This makes option 3 the correct answer.
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Related Questions
As of June 28, 2020, Cedar Fair had issued $201.5 million in season passes. Cedar Fair estimated that guests would use passes worth
$41.9 million during the remainder of 2020, $61.9 million from January 1 to June 30, 2021, and the remaining $97.7 million after June
30, 2021. What amounts should Cedar Fair classify as current versus noncurrent, in its balance sheet on June 28, 2020?
Answers
Based on Cedar Fair issuance of season passes,$103.80 million would be classified under current whereas $97.7 million is non-current
What does current classification indicates in the balance sheet?
The current classification in the balance sheet refers to assets that would be used up in up to a year or liabilities that would be settled within a year, any other item whose usage or settlement date is beyond 1 year is classified as non-current asset or liability.
In this case, Cedar Fair would classify the the amount of season passes usable within a year under the current liability and the remainder value of season passes that would be used after after June 30, 2021 as non-current liability.
current liability=$41.9 million+ $61.9 million=$103.80 million
non-current liability=$97.7 million
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Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylene fiber, a key input to its manufacturing process. This is an example of
A. creating value by using related diversification to acquire market power by integrating vertically.
B. related diversification to acquire market power by pooling negotiating power.
C. related diversification to acquire economies of scope by integrating vertically to acquire market power.
D. related diversification to acquire economies of scope by leveraging core competencies.
Answers
It is an example of creating value by using related diversification to acquire market power by integrating vertically.
Market power can be defined as the degree to which a company can influence the prices of its goods and services. The larger the concentration of a firm in an industry, the higher its market power. For example, if the a firm constitutes 75% of an industry, its market power would be higher than that of a firm that constitutes 10% of an industry.
Vertical integration is when a firm expands its production capabilities by undertaking production of goods on its supply chain. An example is when the carpet manufacturer begins to produce its raw materials instead of buying it from third parties.
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Gerard Barron, the CEO of TMC (Th e Metals Company), stated about deep-sea mining, “We don’t have the luxury of saying ‘No’ to the ocean.” What do you suppose he means by this statement? Do you agree or disagree? Explain.
Answers
Deep-sea mining may start soon despite the fact that research indicates it could harm habitats or wipe out species. This is due to the depletion of terrestrial reserves and the increasing demand for metals.
What's the title of the company engaged in deep-sea mining?Deep Sea Mine Campaign, Blue Marine Foundation, International Conservation, Ecologistas En Acción, Wildlife & Flora Worldwide, German NGO Forum on Development and the Environment, Goa Groundwork, Global Ocean Trust, and Greenpeace International are all members of the DSCC.
The technique of extracting mineral reserves from deep seabeds, or ocean depths below 200 metres, is known as deep-sea mining.
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True or false: Networking uses technology, such as a company intranet, to link organizations and their suppliers to allow them to work together for a common goal. True false question. True
Answers
Answer: True
Explanation:
Part II: Elastic or Inelastic?
Instructions: Determine whether the demand for the following items is price clastic or inelastic,
Write your answer on the line after the item. Then write the reasons for your answer.
A. Salt
Why?
B. New cars
Why?
C. Pork chops
Why?
D. European vacation
Why?
E. Insulin
Why?
F. Insulin at one of four drug
stores in a shopping mall
Why?
G. Gasoline purchased one day
after a 20 percent price increase
Why?
I
HL Gasoline purchased one year
after a 20 percent price increase
Why?
Answers
a. The demand for salt is price inelastic. This is because salt is considered a necessity in making meals.
b. The demand for new cars is price elastic. This is because there are many substitutes for new cars. For example, the bus is a substitute for a new car.
c. The demand for pork chops is price elastic. This is because there are many other types of foods that can be consumed instead of pork chops.
d. The demand for European vacation is price elastic. This is because vacations are not a necessity; they are a luxury.
e. The demand for Insulin is price inelastic. This is because insulin is very important to a diabetic patient
f. The demand for Insulin at one of four drug stores in a shopping mall is price inelastic. This is because consumers have choices between the four drug stores in the mall
g. The demand for gasoline purchased one day after a 20 percent price increase is price inelastic. This is because in the short run, consumers do not have enough time to search for suitable substitutes, so demand would be inelastic
h. The demand for gasoline purchased one year after a 20 percent price increase is price elastic. This is because in the long run, consumers would have enough time to find suitable substitutes.
Demand is price elastic if the quantity demanded of a good is sensitive to small changes in the price of the good
Demand is considered inelastic if the quantity demanded of a good is less sensitive to changes in the price of a good.
Factors that affect the price elasticity of demand
Time frame: demand is inelastic in the short run because consumers would not have enough time to find cheaper substitutes. In the long run, demand is elastic because consumers would have enough time to search for substitutes. Number of close substitutes : If there are many substitutes for a good, the demand for the good would be elastic. If there are no close substitutes, the demand for the good would be inelastic Nature of the good: if the good is considered a necessity, the demand for the good would be inelastic and if the good is considered a luxury, the demand for the good would be inelastic.To learn more about elasticity of demand, please check: https://brainly.com/question/14897348?referrer=searchResults
For each of the following independent situations, compute the net after-tax cash flow amount by subtracting cash outlays for operating expenses and income taxes from cash revenue. The cash outlay for income taxes is determined by applying the income tax rate to the cash revenue received less the cash and noncash (depreciation) expenses. A B C
Cash revenue received $110,000 $525,000 $275,000
Cash operating expenses paid 64,000 385,000 165,000
Depreciation on tax return 14,000 32,000 25,000
Income tax rate 30% 25% 20%
Answers
The net after-tax cash flow is $22,400 for first case, $81,000 for second case, and $68,000 for third case.
Cash revenue received = $110,000
Cash operating expenses paid = $64,000
Depreciation on tax return = $14,000
Income tax rate = 30%
Cash outlays for operating expenses and depreciation = $64,000 + $14,000 = $78,000
Taxable income = $110,000 - $78,000 = $32,000
Income tax payable = 30% x $32,000 = $9,600
Net after-tax cash flow = $110,000 - $78,000 - $9,600 = $22,400
Cash revenue received = $525,000
Cash operating expenses paid = $385,000
Depreciation on tax return = $32,000
Income tax rate = 25%
Cash outlays for operating expenses and depreciation = $385,000 + $32,000 = $417,000
Taxable income = $525,000 - $417,000 = $108,000
Income tax payable = 25% x $108,000 = $27,000
Net after-tax cash flow = $525,000 - $417,000 - $27,000 = $81,000
Cash revenue received = $275,000
Cash operating expenses paid = $165,000
Depreciation on tax return = $25,000
Income tax rate = 20%
Cash outlays for operating expenses and depreciation = $165,000 + $25,000 = $190,000
Taxable income = $275,000 - $190,000 = $85,000
Income tax payable = 20% x $85,000 = $17,000
Net after-tax cash flow = $275,000 - $190,000 - $17,000 = $68,000
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in addition to modes of livelihood what other components of economic systems are of concern to economic anthropologists
Answers
The additional components of economic systems that are of concern to economic anthropologists includes the ways people consume and exchange goods and services.
Who are economic anthropologists?An economic anthropologists are type of professionals that studies processes of production and consumption of all product in social settings.
In conclusion, the additional components of economic systems that are of concern to economic anthropologists includes the ways people consume and exchange goods and services
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Please help now its culinary
In general, what are the two main parts of a recipe?
equipment required and ways to duplicate recipe
the ingredients list and directions for what to do with them
the cooking temperatures and alternate ingredients
suggested timing and range of temperatures
Answers
The two main parts of a recipe include the ingredients list and directions for what to do with them (Option 3).
What is a culinary recipe?A culinary recipe can be defined as a sharply controlled mix of food ingredients in a sequentially ordered way in order to develop a unique food that may stimulate the taste of such ingredient combination.
The development of recipes represents one of the most important hallmarks of a given society living in a region and or country because food ingredient changes regarding the region and also taste preferences are distinct and shape a given society.
Therefore, with this data, we can see that a culinary recipe is based on the list of food ingredients that are mixed in an ordered and sequential manner in order to stimulate the taste, which is a culinary issue that characterizes a society.
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What is a special event that is for people outside a company, such as customers, potential customers, and the public? A. Product launch B. Sales event C. External event D. Internal event
Answers
Answer:
external event
Explanation:
external means outside of
A special event that is for people outside a company, such as customers, potential customers, and the public is an External event. Thus the correct option is C.
What is a Customer?A customer is referred to as an individual who purchases a product or service. He may or may not be the consumer. A consumer refers to a person who utilizes or consume goods and service.
The events which are conducted outside the organization are mainly for Stakeholders of the business who helps the business to grow and by incresing sales.
A group of persons deemed likely to patronize a company is known as the target audience. Similar demographic qualities are present in target audiences. To convince a significant number of people, external events are planned.
Therefore, option C is appropriate.
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A responsible managing employee is required through the Contractor's state license board to work at least?
Answers
Answer:
32hours or 80% of the complete working hours per week of the business
Explanation:
When construction companies engage in contracts were materials and labor can cost $500 and above, they are expected to have a license. If the business does not have a license, it can qualify for a license if it decides to employ someone with the required license. The employed individual will be known as the responsible managing employee.
The contractors state license board requires such an employee to be a full and recognized employee of that business and to have at least 32hours or 80% of the sum of the working hours expended by the business.
100 points
Which option might indicate legal intrusion by a computer professional?
I will give Brainley
Brad is a senior business analyst in a software development firm. In addition to his official photocopies, he (A. generates a couple of personal photocopies) for his brother Brian. At times, (B. Brad also sends out unwarranted emails) to his close colleagues. (C. He uses the Internet during work hours for entertainment purposes.) During work hours for entertainment purposes. (D. Once, while preparing for a client presentation, he accessed client records for which he did not have authorization.)
Answers
Answer:D
Explanation:
I took the test
Answer:D
Explanation: i just got done with the test and got 100
Which work value is most likely to be important in a person's career choice?
oA.
preferring a fast-paced environment
oB.
volunteering at the animal shelter
oC.
spending time on social media applications
oD.
being skilled at negotiating and bargaining with people
Answers
Answer:
oD. being skilled at negotiating and bargaining with people
how do you feel about testing?
Answers
Well I feel like test give me some much anxiety. I get very nervous and worried even if I had studied for the test. Test also sometimes make me feel shaky lol. But overall I feel like test just stresses students out and it’s not really good
Explanation:
Select the correct answer.
Jesse launched a cheaper variant of her high-performing dishwashing liquid, anticipating similar success. Which strategy has Jesse made use of?
1. product differentiation
2. brand extension
Note: I narrowed it down to these two answers and I will provide Plato’s definitions to these words given. Im leaning towards 1 considering the product would need to be smtn similar using the same brand to be 2 (aka a shampoos company introduced dishwashing liquid). I did post this question before but I’m unable to delete it oops.
Answers
Answer:
product differentiation
Explanation:
i got it right on test
How do I pay taxes once I turn 18?
Answers
Answer:
ask your mother
Explanation:
ask your mother:)
Let's say a trader has a total portfolio of $40,000. He wants to allocate 10% of his portfolio to XYZ, which is currently trading at $31. If he trades the 29 put, how many contracts can he sell, not including commissions and fees?
Four - Incorrect
One
Three - Incorrect
Two
Answers
To calculate the number of contracts the trader can sell, we need to first determine how much he is willing to spend on purchasing the stock. If he wants to allocate 10% of his portfolio to XYZ, then he has $4,000 available for this trade.
To purchase the stock at $31 per share, he can buy 129 shares with his $4,000 ($4,000 / $31 per share = 129 shares).
One standard option contract covers 100 shares, so the trader would need to sell at least 2 contracts to cover his 129 shares.
However, since he cannot sell fractional contracts, he can only sell 1 contract, which covers 100 shares, and leave the remaining 29 shares uncovered.
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16) In addition to owner-supplied capital, what are several other sources of financing for
a small business?
Answers
Answer:
Some financing options for a small business:
-you can get bank loan
-angel investor
-government grant (shown below as well)
-business incubator
-Small Business Administration (SBA) - For this financing option, manufacturing companies with 500 employees or fewer, and most non manufacturing businesses with average annual receipts under $7.5 million, will qualify as a small business.
-equity financing (funding given in exchange for partial ownership and future profits)
-debt financing (can be in the form of installment loans, revolving loans, and cash flow loans)
Explanation:
All of these examples of financing options are good to delve into, if you are interested in getting the funds needed to get your small business off the ground.
who wants to vc wit me im depressed
Answers
When someone you care about is depressed, giving advice or wisdom may be something you do with only good intentions in mind.
So, yes Video calling would be a good option.
The straightforward definition of depression?Mental disorders like depression are rather thing. It is believed that 5% of individuals worldwide experience this condition. It is characterized by enduring unhappiness and a loss of interest or pleasure in formerly rewarding or delightful activities. It may also between with appetite and sleep.
What is the modern term for depression?Depression, now known as major depressive disorder or clinical depression, is a common but dangerous mood disease. It creates bad symptoms that interfere with your ability to function on a daily basis, including sleeping, eating, and working.
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whenever the president of the local public university promotes the institution, he emphasizes the university's price (much lower than neighboring private colleges) and high quality. he is positioning the institution based primarily on
Answers
The President of the local public university is positioning the institution based primarily on the value proposition.
What is value proposition ?A value proposition is a short sentence that expresses the advantage of your product or service that you guarantee to provide for your clients. In the end, it's what draws your ideal buyer to your goods. A value proposition explains what your company does better than the competition and the benefits of working with you or purchasing your goods.
A strong value proposition satisfies three requirements:
It is particular: What particular advantages would your target customer get?It is customer-focused: How will your product alleviate their suffering or enhance their quality of life?How is it exclusive and desired at the same time? How well does it draw attention to your competitive advantage and distinguish you from rivals?To know more about, value proposition, visit :
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Which of the following is used by a seller to deceive a buyer? a. Bait and switch b. Contest c. Display d. Introductory offer Please select the best answer from the choices provided A B C D.
Answers
That which is used by a seller to deceive a buyer is: a. Bait and switch
Bait and switch is a tactic that is used by entrepreneurs to attract customers. They tell them to purchase a good at a low price.
However, when they come to buy, they are encouraged to buy a good that costs more.
So, in this way, the bait and switch tactics is used by sellers to deceive the buyers.
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Answer:
A. Bait and Switch
Explanation:
edge 2022
One of the features of earned value management is: A. A project plan that lists the several risks that may arise B. Predefined earning or costing rules are used to quantify the accomplishment of work.
Answers
Earned Value Management (EVM) is a project management method that tracks a project's progress in terms of work completed and the actual cost of that work. The earned value method is commonly used in projects that are complex or long-term. EVM's goal is to assist project managers in determining a project's status and, if necessary, take corrective action to complete the project on time and within budget. One of the features of earned value management is predefined earning or costing rules are used to quantify the accomplishment of work.
The predefined rules specify the value of the work that has been completed as a percentage of the total project budget for that work, which is then referred to as earned value. Earned value can be calculated in a variety of ways, such as the budgeted cost of work performed, the budgeted cost of work scheduled, and the actual cost of work performed.
The earned value is then compared to the actual cost of work performed to determine if the project is ahead of schedule, behind schedule, or on schedule and over, under, or on budget. If the earned value is higher than the actual cost of work performed, the project is ahead of schedule and under budget. Conversely, if the earned value is less than the actual cost of work performed, the project is behind schedule and over budget. This information allows project managers to take corrective action and make adjustments as necessary to keep the project on track.
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which of the following correctly describes globalization
Answers
Answer:
Globalization is the process of integration among individuals, businesses, and governments.
Answer Choices:
Globalization is the increase in income inequality within developed countries.Globalization is the process of integration among individuals, businesses, and governments.Globalization is the increase in the value of knowledge and information within an economy.Globalization is the process of decreasing per-unit costs with increasing production.Make sure to include the answer choices next time, hope this helps!
The statement which correctly describes globalization is that: it is a process of integration among individuals, businesses, and governments.
What is globalization?Globalization can be defined as a strategic process that involves the integration of various markets comprising individuals and business firms across the world, so as to enhance the continuous buying and selling of goods and services.
This ultimately implies that, globalization is a process of integration among individuals, business firms, and governments, in order to continually produce goods and services that are used by consumers across the world.
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which step of the decision making process would most benefit Alejandro right now?
Answers
The step of the decision making process would most benefit Alejandro right now is the " evaluating and revising the decision (Option C)
What is decision making?Decision making is the cognitive process of selecting a course of action from available alternativesbased on a rational evaluation of information, preferences, and goals.
It involves assessing the pros and cons, weighing risks and benefits,and considering the potential outcomes to make informed choices.
Effective decision making involves critical thinking,analysis, and consideration of various factors impacting the decision.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Which step of the decision-making process would most benefit Alejandro right now?
gathering information
taking action
evaluating and revising the decision
making the decision
Answer: Answer is option C
Explanation:
Can you be wise and intelligent at the same time .
Answers
Answer:
yes :)
Explanation:
wisdom comes from experience intelligence doesn't
Answer:
yes of course .................
Perform an analysis of the problem facing the oceanview development corporation, and prepare a report that summarizes your findings and recommendations. include the following items in your report: 1. a decision tree that shows the logical sequence of the decision problem 2. a recommendation regarding what oceanview should do if the market research information is not available 3. a decision strategy that oceanview should follow if the market research is conducted 4. a recommendation as to whether oceanview should employ the market research firm, along with the value of the information provided by the market research firm include the details of your analysis as an appendix to your report.
Answers
The problem analysis of the situation at Oceanview development corporation is given as follows.
What is the Problem Analysis of Oceanview?Analysis:
Oceanview Development Corporation is facing a decision problem related to the development of a beachfront property. The company is uncertain whether to construct a hotel or a condominium. The decision tree shows that if the market research information is not available, the company should proceed with the construction of the hotel. However, if the market research is conducted, the company should choose between the two options based on the market research results.
Recommendations:
If the market research information is not available, the company should proceed with the construction of the hotel. This option has a higher expected value than the condominium.
If the market research is conducted, the company should follow the decision strategy that maximizes its expected value. Based on the market research results, the company should choose the option that has the highest expected value.
Oceanview should employ the market research firm, as the value of the information provided by the firm can be significant in making the decision. The market research can provide valuable insights into the market demand, pricing, and other factors that can influence the expected value of the options.
Appendix:
The analysis considers the expected values of the hotel and condominium options based on different scenarios of the demand and pricing. The decision tree shows that the hotel option has a higher expected value if the market research information is not available. However, if the market research is conducted, the expected values of the options depend on the market conditions. The analysis considers different scenarios of the demand and pricing to estimate the expected values of the options. The recommendations are based on the expected values and the decision strategy that maximizes the expected value. The market research firm can provide valuable information to reduce the uncertainty and improve the decision.
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Which difference between your bank statement and your records is most
likely to indicate fraud?
Answers
The process of comparing your bank statement to your accounting records is known as bank statement reconciliation. This is how it goes. Transactions involving checks and cash are often recorded in a check register, which is a component of your general ledger. A similar record of your company checking account is kept by the bank.
What is accounting?The process of gathering, compiling and reporting information on business and financial transactions. also: this system's guidelines and practices. as a first-year student, I studied accounting: work done in accounting or by accountants.
In order to prevent and detect fraud, bank reconciliations are a crucial internal control tool. By explaining the discrepancies between the cash balances in the accounting record and the bank balance position according to the bank statement, they also assist in identifying accounting and banking problems.
Therefore, The statement to your accounting records is known
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Why would a producer conduct a marginal analysis?
A. To understand the type of taxes paid on a good or service
B. To determine whether a price increase will change what a
consumer will buy
C. To predict the amount of environmental pollution caused by a
manufacturer
D. To suggest a way to package a product so that it causes less
pollution
E
Answers
Answer:
B to determine whether a price increase
Explanation:
cuz I said
What should you avoid using when writing a formal email?
O An official signature
O Emojis
O Familiar acronyms
O Last names
Answers
Emojis are not formal and they should not go in a formal email
Answer:
emojis
Explanation:
Which type of credit involves a set limit based on what a consumer pays up front?
Loans
Installment credit
Secured credit cards
Unsecured credit cards
Answers
Answer:
Secured credit cards
Explanation:explanation: Secured credit cards refer to credit cards that offer credit secured by a cash deposit from the cardholder. The deposit secures the card issuer from loss in case the cardholder is unable to cover the debt.
Answer:
Secured credit cards
Explanation:
Bob is interested in examining the relationship between the number of bedrooms in a home and its selling price. After downloading a valid data set from the internet, he calculates the correlation. The correlation value he calculates is only
0.05
. What does Bob conclude? Bob gives up on his research because
r=.05
means there is no relationship of any kind between bedrooms and selling price. Bob continues his research because even though there is no linear relationship here, there could be a different relationship.
Answers
The correlation coefficient is calculated with the aid of figuring out the covariance of the variables and dividing that range by the product of these variables' popular deviations.
What does correlation measure?Correlation is a measure of affiliation that assessments whether or not a relationship exists between two variables. It suggests both the energy of the affiliation and its route (direct or inverse). The Pearson product-moment correlation coefficient, written as r, can describe a linear relationship between two variables.
Correlation is a statistical tool that suggests the association between two variables. Regression, on the other hand, evaluates the relationship between an impartial and a based variable.
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