Suppose that a firm in a competitive market is currently maximizing profit at an output of 50 units. If the current price is $9, the marginal cost of the 50th unit is $9,and the average total cost of producing 50 units is $4, what is the firm's profit

Answers

Answer 1

Answer:

437

Explanation:

50 x 9 = 450-13=437


Related Questions

Jake receives a promotion at his law firm after winning an important case. This is an example of a: Group of answer choices Positive informal sanction Negative informal sanction Positive formal sanction Negative formal sanction

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Jake receives a promotion at his law firm after winning an important case. This is an example of a positive formal sanction.

Positive sanctions include celebration, praise, social recognition, congratulations, approval, social promotion, bonuses, awards, titles, prizes, etc.

In this case, since Jake receives a promotion at his law firm after winning an important case, it's an example of a positive formal sanction.

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Answer:

Positive Formal Sanction

Explanation:

What is the answer to number 1 and 2​

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A and Dare the answers

two factors that complicate the calculation of the inflation rate are

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The answer would be; Substitution and Quality/New product bias

When a corporation distributes assets of the company to its investors, it is referred to as a(n) Multiple choice question. option. expense. dividend. warrant.

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Answer: dividend

Explanation:

When a corporation distributes assets of the company to its investors, it is referred to as a dividend.

What is a dividend?

A corporation's payout of earnings to its shareholders is known as a dividend. A corporation is allowed to distribute a portion of its profit as a dividend to shareholders when it generates a profit or surplus. Any remaining funds are seized and reinvested in the company (called retained earnings).

A business is often not allowed to pay a dividend out of its capital; thus, both the current year's profit and the retained earnings from prior years are eligible for distribution. If the company has a dividend reinvestment plan, the amount can be paid by the issue of additional shares or by share repurchase. Alternatively, distribution to shareholders may be made in cash (typically a deposit into a bank account).

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True or false: Social shopping involves sending e-mails to specific customers about new products that may be of interest to them.

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True: Social shopping involves sending e-mails to specific customers about new products that may be of interest to them.

Social shopping is the use of social media by customers to share experience among themselves. This may even include the sending of e-mails to specific customers about new products that may be of interest to them.

Social shopping allow customers to discuss, share, and shop thereby sharing ideas among one another.

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if bill performs plumbing upgrades for alice in exchange for her incorporating his business, then their _________________________ will be satisfied.

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For performing the plumbing upgrades for Alice while she incorporates Bill's business, they have satisfied each other's _________NEEDS_______ without the exchange of money.

This satisfaction of needs by the exchange of services is a trade by barter.  The barter system enables Bill, who is a professional plumber, to upgrade the plumbing system at Alice's house.  In payment for the plumbing service, Alice can incorporate Bill's plumbing business.

Thus, the exchange of services satisfies each other's needs without the payment of cash.

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what is the relationship between the average inventory and the in-stock probability?

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Answer:

the relationship is that the more inventory there is the higher the stock-in probability

when profit-maximizing firms in competitive markets are earning profits,

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There are different ways that firms to make profits. When profit-maximizing firms in perfectly competitive markets are earning economic profits, new firms will enter the market.

Profit maximization is simply known to be the short run or long run method through which firms can know the price, input and output levels that tends to lead to the highest profit.

For profits to be maximize in a perfectly competitive market, firms have to  make the marginal revenue equal to marginal cost (MR=MC). MR is known to be the slope of the revenue curve that equal to the demand curve (D) and price (P).

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ERP systems that include administrative, sales, marketing, and HR processes are referred to as _________.

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Answer:

human right department

ERP systems that include administrative, sales, marketing, and HR processes are referred to as ERP II. Thus, option B is correct.

What is an ERP?

ERP is a class of computers that assists firms in managing and automating important company activities for optimum performance. The combined administration of key business operations, frequently instantaneously, is known as ERP (Enterprise resource planning) systems.

The conventional functionality of materials allocation, delivery, and order input is included in ERP II, although it is supplemented by features like customer management (CRM), renewable source planning, among accounting (HRM). One such Erp software can efficiently, precisely, and consistently run a complete business.

Therefore, option B is the correct option.

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The question is incomplete, the complete question is:

ERP II

ERP I

ERP III

ERP IV

Companies sometimes convert receivables to cash before they are due by selling them or using them as security for a loan. The reasons that a company may convert receivables before their due date include: (Check all that apply.)

Answers

Answer: to quickly generate cash and to reduce risk of nonpayment

Explanation:

If you learn now how to speak effectively in public, you are more likely to be personally and financially successful in the business world. Can you imagine limiting your salary by 10 percent because you never tackled this fear

Answers

Answer: Worst- and best-case scenarios

Explanation:

what characterizes a market with oligopolistic competition?

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It is an oligopolistic market if it has the following:

- Few number of competitors (economy is shared through a few number of businesses/companies)

- The absence of other competitors besides the dominating ones

- If those few companies have a significant impact on the market (can increase price easily)

A U.S. Senator from Michigan is in favor of environmental regulations that forbid industries from disposing chemical wastes in rivers, despite the fact that many companies in Michigan might come under scrutiny for the violation of such regulations. This scenario illustrates the _____ taken by Congress members.

Answers

Answer:

the trustee view of representation

Explanation:

___________ change introduces a new practice to an organization but one that is not new to the industry.

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The answer would be Innovative.

Describe the fruit storage process? OBTE​

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[tex] \: \: \: \: \: \: [/tex]

cold storage, using refrigerated air. Other techniques include controlled-atmosphere (CA) storage and hypobaric storage.

hope it helps

[tex] \: \: \: \: \: \: [/tex]

A(n) _____ is a tangible indirect reward provided to employees for organizational membership. Group of answer choices spot bonus retirement plan equity award merit raise

Answers

A retirement plan is a tangible indirect reward provided to employees for organizational membership.

Retirement planning simply means the financial strategies of investments, savings, that are meant to sustain an individual during retirement.

The main key to a secure retirement is to plan ahead. A retirement plan is a tangible indirect reward provided to employees for organizational membership. This is vital for the person to be able to meet his or her financial needs after retirement.

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Which is NOT something you should look for in a savings account?


a) Low (or no) monthly fee
b) Rewards for using your debit card
c) Free online banking
d) Competitive interest rate

Answers

Answer:

b) Rewards for using your debit card

Explanation:

If it’s a saving account why would I using my debit?

what is an economy?

Answers

Answer:

System of management; general regulation and disposition of the affairs of a state or nation, or of any department of government.

Explanation:

HOPE IT HELP

the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.

A married couple are both employed by firms that cover them under the company pension plans, and each earns approximately $300,000 annually. If they both open a traditional IRA and make the maximum contribution, how much of their contribution could they deduct

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each is eligible to make a catch-up contribution

based on what you know about organizational development what considerations may laura be alluding to

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The considerations Laura may be alluding to based on what you know about organizational development is that in an organization open communication and change are essential elements, in addition to the importance of managing human capital.

Every organization is a dynamic system that needs to adapt to new internal and external realities in order to be well positioned in the market, so changing strategies, policies and procedures is a necessity for organizational development.

Human capital management and open communication are also fundamental competences for the creation of an organizational culture focused on the development, motivation, innovation and cooperation of workers.

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Leadership ability is important to managers because

a-business will not hire a manager without leadership skills

b-leadership helps managers satisfy employees needs while also meeting the goals of the business

c- managers must get work done whether or not employees want to do it

Answers

It seems like B. Leadership helps managers satisfy employees needs while also meeting the goals of the business

a company chooses to price its products by value-based pricing. in order for this type of pricing to be most effective, what additional tactics should be included with the price?

Answers

The additional tactics to be included is use of value-based price in conjunction with all elements of the marketing mix communicating value to the customer

Basically, a value-based pricing is a prices fixing strategy based on consumers perceived value of the product in the market

This type of pricing strategy maintains a certain price level to prevent customers from looking out for competitors product.

Hence, the additional tactics to be included is elements of the marketing mix communicating value to the customer

In conclusion, the Option B is correct.

The missing option includes "a.) employ a general market approach to pricing which considers what the market as a whole sees as valuable in a product or service b.) use a value-based price in conjunction with all elements of the marketing mix communicating value to the customer c.) offer a middle price point with the established price and tout the singularity of the product’s value"

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After all long-run adjustments are completed in a perfectly competitive market, output will occur at each firm's minimum average ______.

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Based on the cost of production hypothesis, after all, long-run adjustments are completed in a perfectly competitive market, the output will occur at each firm's minimum "average total cost where product price is equal to marginal revenue."

This is because the point at which the product price equals the Marginal Revenue is where additional revenue from selling an extra unit equals marginal revenue.

However, when marginal revenue surpasses marginal cost, the is considered to be a profit from commodity sold. These profits are sometimes referred Marginal benefits.

Also, when marginal revenue goes below the marginal cost, this is considered to be a loss.

Hence, in this case, it is concluded that the correct answer is "average total cost where product price is equal to marginal revenue."

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The cell phone is one of the great innovations of recent decades. Yet the innovation has not come from any
one place. The list of manufacturers includes Samsung, Apple, Lenovo, LG, Sony, Nokia, BlackBerry, and
Xiaomi. These manufacturers operate in South Korea, the United States, China, Japan, Canada, and Finland.
The major parts suppliers are in over 20 countries. When your business competes on a global scale, it is more
important than ever

A) to lock up patents on early technology
B) to specialize and do one thing really well
C) to adapt and innovate

Answers

I think the answer of these question is C

After analyzing the scenario, when your business competes on a global scale, it is more important than ever to adapt and innovate. Thus, option 'C' is the correct option.

How does innovation help business growth?

With the introduction of originality to current product lines or business practices, market share, revenue, and customer happiness all grow. Innovation can also be utilized to introduce new automation technologies or modernize the business's operating systems. The process of business innovation is designed to add value to the company.

This value may be produced by opening up new income streams, increasing revenue via existing channels, developing efficiencies that save time, money, or both, or boosting output or performance. Businesses that don't adapt to shifting consumer demands and preferences will eventually become obsolete.

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How does Truth-in-lending benefit consumers when shopping for a loan? a. Truth-in-lending allows consumers to be frank with the lenders and talk about very personal things. B. Truth-in-lending requires all lending institutions to eventually convert all of their loans to fixed interest rates. C. Truth-in-lending requires consumers to admit whether or not they can actually afford the loan they’re applying for. D. Truth-in-lending allows consumers to know every cost that is associated with the loans they research and apply for, and helps them reach the optimal decision.

Answers

Answer:

A

Explanation:

Truth-in-lending allows consumers to be frank with the lenders and talk about very important things

Answer: D

Explanation:

Truth-in-lending allows consumers to know every cost that is associated with the loans they research and apply for, and helps them reach the optimal decision.

taking the test rn edge 21-22

The expected proceeds from accounts receivable, determined by taking accounts receivable less the allowance for doubtful accounts, is called:

Answers

Answer:Realizable value

Explanation:

Your older sister tells you that she wants to have an IVF and have her child implanted into a surrogate mother for $3,000 through a company. Your mother is opposed to this idea whereas your father supports her decision. Your sister asks for your support. How would you respond to your sister

Answers

Answer:

go for it

Explanation:

I say that because if she is infertile and she has tried plenty then she has every right to have a surrogate if she feels the need to have one

returnable packaging, use of 3d printing, and flexible packaging are examples of:

Answers

Returnable packaging, use of 3d printing, and flexible packaging are examples of sustainable packaging.

Sustainable packaging simply means the sourcing, development, and use of package solutions which possess minimal environmental footprint and impact.

It should be noted that sustainable packaging is earth-friendly and doesn't lead to the depletion of natural resources. Some examples of sustainable packaging include returnable packaging, the use of 3d printing, and flexible packaging.

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PLEASE HELP
Jane is applying for a job at an in-store job kiosk. What is a benefit of applying for a job this way?

A. Jane can print the application to complete at home.
B. Jane can search for current job openings at the store.
C. Jane can start the application and then come back the next day to complete it.
D. Jane will need home computer access to finish the application.

Answers

A I believe is the correct answer

Answer:

The answer is B

Explanation:

Jane is at the store and can see the job openings.

The expansion of global markets is a major factor in developing global information systems to handle _____ demands of integrated worldwide services.

Answers

Answer:

the fill in the blank answer is: the customer's

Explanation:

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