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

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Answer 1

Answer:

437

Explanation:

50 x 9 = 450-13=437


Related Questions

given in return for good service *

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For a good business, you can add small things that will cheer up your customers :) I’m not sure what u wrote so a piece of advice helps

In January 2020, Ford Co. purchased a patent from a research institution for $400,000. The patent was estimated to have a useful life of 12 years. In December 2021, Ford Co. defended the patent in legal proceedings and successfully retained rights of ownership of the patent. The estimated life of the patent did not change from its original estimate. Legal expenses were $32,000. Determine the carrying value of the patent on December 31, 2021. Note: Carry all decimals in calculations; round the final answer to the nearest dollar

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The carrying value of Ford Co.'s patent on December 31, 2021, is equal to $362,424.

Data and Calculations:

Cost of patent purchased in January 2020 = $400,000

Estimated useful life = 12 years

Annual amortization expense = $33,333.33 ($400,000/12)

Accumulated Amortization on December 31, 2020 = $33,333.33

Carrying value on December 31, 2020 = $366,666.67 ($400,000 - $33,333.33)

Capitalized legal expenses to defense title = $32,000

New value of patent = $398,666.67 ($366,666.67 + $32,000)

Remaining useful life of patent = 11 years

New annual amortization expense = $36,242.42 ($398,666.67/11)

Carrying value of patent on December 31, 2021 = $362,424.25 ($366,666.67 - $36,242.42)

Therefore, the accumulated Amortization on Dec. 31, 2021 is $69,575.75 ($33,333.33 + $36,242.42).

Thus, the carrying value of Ford Co.'s patent on December 31, 2021 is equal to $362,424.25 ($400,000 + $32,000 - $69,575.75).

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roberto really enjoys mingling at work functions, both to network for new contacts and simply to share stories with other interesting people. roberto probably scores high in:

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Answer:

he made the first microscope in biology

Which paste option should she use?

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Answer:

Destination Theme and Link Data

Explanation:

Answer:

What she said

Explanation:

Apple's Steve Jobs had to convince the music industry of a very big change in how they marketed music - what was it

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Answer:

to sell digital version of songs on itunes...

i think

adding value to products and services sold to consumers in households for their personal or family use is known as

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Based on business and marketing relations, adding value to products and services sold to consumers in households for personal or family use is known as "Retailing."

This is because retailing is part of a business or marketing process that involves selling the products or commodities to final consumers.

Usually, retailing services involve the sales of products and services to add value to the final consumers.

For example, free delivery, making tomatoes and peppers into salsa, etc.

Hence, in this case, it is concluded that the correct answer is "Retailing."

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Downward influence is best achieved through A. citing the firm's goals. B. forming alliances. C. an inspiring vision. D. forming support networks.

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Answer:

B. forming alliances

Explanation:

Innovative team firms should have managers who provide ________, ________, and perspective to the team.

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Based on firms' strategies, Innovative team firms should have managers who provide Support, Guidance, and perspective to the team.

This is because firms that focus on innovation would make many mistakes or trials and errors before the actual innovation of their products is made.

Thus, in these situations, employees need managers that can provide supports and encouragement for them to build on their innovative ideas so as not to fear sanctions or penalties if things go wrong.

The employees also need guidance and perspectives from their managers to quickly and correctly transform their innovative ideas into reality.

Hence, in this case, it is concluded that the correct answer is "Support and Guidance, " accordingly.

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A feature of corporate bonds is that they a. have residual claims to assets after common stock. b. represent ownership in a firm. c. pay dividends. d. pay interest until maturity. e. carry voting rights.

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Answer:

D- Pay interest untill maturity

The feature of a corporate bond is represented through option d, that is, it pays interest until maturity.

Corporate bonds are raised by corporations with the intention of acquiring funds for business projects or activities by selling it to investors. These bonds are characterized by their face value and contain maturity as well as interest paying dates.

Therefore, the interest is given to investors semi-annually till the date the bond has been issued or maturity.

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When forming a business strategy, the firm needs to compare the cost advantages and drivers of uniqueness across its different activities and compare with that of other firms. True False

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True I think don’t make and answer off me think harder about it

How do consumers benefit from accumulating airline miles?
A. Consumers can use the miles to purchase airline tickets.
B. Consumers can use miles as a tax deduction.
C. Consumers can use miles to purchase a home.
D. Consumers can decline travel insurance.

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Answer:

I think is b.

Explanation:

or d but double check just from background i eliminate a and c

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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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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Stevie recently received 1,000 shares of restricted stock from her employer, Nicks Corporation, when the share price was $8 per share. Stevie's restricted shares vested three years later when the market price was $11. Stevie held the shares for a little more than a year and sold them when the market price was $16. What is the amount of Stevie's ordinary income with respect to the restricted stock?
A. $0.
B. $11,000.
C. $5,000.
D. $8,000

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Answer:

It's D - $8,000

Explanation:

8 * 1,000 = 8,000

Home Depot hired an advertising agency to develop television ads for its grand opening in southern Maine. The advertising agency represents which component of the communication process

Answers

Answer:transmitter

Explanation:

Statistics derived from national income accounting
A. form the basis for business accounting systems.
B. are useful to assess the health of an economy and formulate policies to maintain and improve that health.
C. are valuable for assessing economic health at a point in time but are less useful for comparisons over time.
D. change frequently and therefore are limited in their usefulness.

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Answer:

B -  are useful to assess the health of an economy and formulate policies to maintain and improve that health.

Explanation:

easy

most of the money used in political campaigns comes from

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Answer:

Federal contribution limits.

Bundling.

Advocacy groups/interest groups.

"Hard" and "soft" money.

Political action committees.

501(c) organizations.

527 organizations.

Political parties.

Explanation:

they can come from any of them

The process of determining the maximum allowable cost for a product and developing a profitable prototype is called ______.

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The answer is Target costing
Can I have brainliest

How has Tesco’s performed against each of the measures of success?

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Answer:

For a long time, we measured our performance using the Steering Wheel. ... We now have just six simple, key business performance measures. It's about alignment and focus: if we give our colleagues more power to choose the right actions, we'll do a better job for customers and achieve greater success for our business.

Answer:

Tesco has been particularly successful because of its powerful brand.  It has a reputation for value, low prices and for being customer focused.  Its brand equity and associations have helped the company to expand into new sectors and markets.  Tesco has also been strong in public relations, advertising and building profile in catchment areas on a local level.  This local approach to marketing appears to be a key driver for success.

One of the reasons that a rise in the price of a fixed basket of goods over time tends to overstate the rise in a consumer's true cost of living, is: substitution bias attribution bias complimentary bias preference bias

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The effect that occur when there is rise in price of fixed basket of goods, which actually brings about the rise in a consumer's true cost of living is substitution bias .

Substitution bias can be regarded as effect that do occur when there is change in price of goods are relative to each other.

In this case, the consumer usually leave the high priced goods for cheaper ones because of change in price.

Therefore, option A is correct.

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When sales were down for the third month in a row, the sales manager called a meeting of all sales staff in order to analyze the situation and attempt to come up with some solutions. This example illustrates:

Answers

Answer:

problem-focused coping.

Explanation:

Problem-focused coping is that kind of coping aimed at resolving the stressful situation or event or altering the source of the stress.

Starting in the late 1600s, as economies started to grow,: Multiple choice question. the mobility of the people within them stagnated. governments became socialist. the standards of living of the people within them grew also. populations began to age quickly.

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Answer: it is the standards of living of the people within them grew also.

Explanation:

fit living has just opened a new fitness club uptown. the company wants to encourage people to try out the club for a week before signing up for membership. since the club is new in the area, the most effective way to promote the free trial is through

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The most effective way to promote the free trial is through an Informative advertising.

An Informative advertising refers to an advert that is done to inform the people of the goods or services strengths rather than trying to convince customers to buy them.

The company should use the Informative advertising to encourage people to try out the club for a week because it is more factual and detailed

Therefore, the most effective way to promote the free trial is through an Informative advertising.

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Leah wants to get a home loan from her bank. Which agency would regulate that loan to ensure it is fair? FDA- Food and Drug Administration SEC- U. S. Securities and Exchange Commission CFPB- Consumer Financial Protection Bureau FCC- Federal Communications Commission.

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When a person wants to get a loan from a bank, the agency that ensures they are protected is the CFPB- Consumer Financial Protection Bureau .

The Consumer Financial Protection Bureau:

Was created to protect the public when they seek loans Enforces financial laws aimed at keeping the financial industry fair

The CFPB is therefore the agency that will look into Leah's loan to make sure that she is being treated fairly and is not being charged too much interest.

In conclusion, the agency is the Consumer Financial Protection Bureau.

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C. CFPB- Consumer Financial Protection Bureau

How has BBC’s Children in Need performed against each of the measures of success

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Answer:

How has BBC’s Children in Need performed against each of the measures of success

True or false: Adams, Inc. has found that their managers are reluctant to replace old equipment with new, updated equipment. To stop this practice, Adams should compute ROI using assets' net book values.

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Answer: False

Explanation:

According to the given scenario, the given statement is false as net book value discourages equipment replacement.

What is meant by net book value?

The historical cost of an asset, less any sums deducted for depreciation, amortization, or depletion, is its net book value. The requirement that assets be reported at their market worth is a byproduct of fair value reporting. Several of the financial reporting rules mandated by US GAAP are emphasized by the fair value concept. "An asset's selling price agreed upon by a willing buyer and seller, presuming both parties are knowledgeable and join the transaction freely," is what fair value reporting refers to.

When revealing the worth of property, plant, and equipment, NBV is frequently utilized (PPE). This indicates that it is diminished as assets are amortized or depreciated. It is based on the notion that assets depreciate slightly over time as a result of use.

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What are the 3 Levels of Management?:​

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Explanation:

Administrative, Managerial, or Top Level of Management.

expansionary fiscal policy is used in order to ______ the economy.

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Answer:

stimulate

expansionary fiscal policy is used in order to “stimulate” the economy; this is the right answer

Why should the ar grazing system be good in the profession of farming or domesticating the goats or sheep.DISCUSS.​

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Answer:

the point of the grazing system is to

allow vegetation and soil a resting time to recover, and sometimes also to improve vegetation conditions so this will be good for goat and sheep because they will have more grass

what method is recommended for a weekly review of the tasks on your to-do list?

Answers

Answer:

Delete it, Do it now, or Defer it.

Explanation:

The three D method is recommended for a weekly review of the tasks on your to-do list which includes Delete it, Do it now, or Defer it.

What is the importance of a weekly review of the tasks?

The importance of weekly review of the tasks plays a significant role in an individual's improvement and growth. It enables people to get ready for the upcoming week. To ensure that everything is completed correctly, it is also used to prioritize your activities.

A chance to proactively influence your life is presented through a weekly evaluation. It's an opportunity to be in alignment with your objectives and make sure that the everyday work you conduct is advancing those objectives.

The three D methods involve deleting the completed task after evaluating them and preparing a schedule for the upcoming task and marking them on the priority list in order to complete it in a timely.

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