A competitive firm maximizes profit by choosing the quantity at which.

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Answer 1

Profit maximization can be achieved by a competitive corporation by choosing a quantity of output such that marginal revenue equals marginal cost.

How does a corporation maximize its profit?

A corporation maximizes income via way of means of operating wherein marginal revenue equals marginal price. The corporation chooses quantity in order for that rate to equal marginal value so that it can maximize its profit.

Therefore, When the marginal revenue for an aggressive corporation equals the market rate, the firm maximizes its profit.

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Related Questions

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Drag each label to the correct location on the image.
Match the descriptions to the possibility of being addressed by a Trial Balance.
can detect the accuracy
of the accounting process
can help prepare the
income statement
can help check whether a
particular transaction has
been completely omitted
helps serve as a proof of
the application of the
double-entry system
Possible
can help check whether the
debit side is equal to the
credit side
Not Possible

Answers

The descriptions to cases that will possibility be addressed by a Trial Balance are:

can detect the accuracy of the accounting process(possible)can help check whether the debit side is equal to the credit side(possible)can help prepare the income statement(possible)helps serve as a proof of the application of the double-entry system(not possible)can help check whether a particular transaction has been completely omitted(not possible)

What is trial balance?

A trial balance can be regarded as bookkeeping worksheet which contains the ledger that is arranged into debit and credit account column .

Therefore, with trial balance, one can check whether the debit side is equal to the credit side.

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When the stockholders receive a dividend, how would this affect the equity of a business?.

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Assets and total equity will both be decreased is When the stockholders receive a dividend, how would this affect the equity of a business.

Who are the stockholder?

Stockholders are the people who have purchased the stocks and have invested in the particular firm, they are the people. The stockholders hold some of the share of any company, which they can sell or purchase anytime.

Thus, Assets and total equity will both be decreased is When the stockholders

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A professional sports team that earns more annual revenue than a small-market team is a _____________, fill in the blank,.

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A professional sports team that earns more annual revenue than a small-market team is a big market team. This is further explained below.

What is a big market team?

Generally, a big market team is simply defined as Playing for a "big market" team usually means getting a lot more attention than you would if you were on a "small market."

In conclusion, big-market sporting teams have yearly revenues that are higher than those of smaller teams.

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When a project has a large scope, then, it may be worth it for the team to learn with a more sophisticated project management tool.

What is a large scope project?

These are project that involves large investment and of large scales.

Hence, these type of project may worth been learned with a more sophisticated project management tool by the team.

Answers

If a company strictly complies with existing laws, the firm will fulfill all business ethics obligations.

What is ethical obligation?

It should be noted that ethical obligation simply means re things that are expected by a company to do regarding ethics in the organization.

In this case, when a company strictly complies with existing laws, the firm will fulfill all business ethics obligations.

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A group of customers that a business decides to focus its marketing efforts and, ultimately, its products on is a _____. target market niche industrial market consumer market

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Answer:

Target market!!

Explanation:

Hope this helps:)

Six sigma teams use the ________ method when improving a product or process that already exists, and the ________ method when developing a new product or process.

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The complete statement is "Six sigma teams use the DMAIC method when improving a product or process that already exists, and the DMADV method when developing a new product or process." This is further explained below.

What is improving a product?

Generally, The process of making significant modifications to a product in order to attract new consumers or enhance the value received by current ones is known as "product enhancement."

In conclusion, If you want to improve an existing product or process, use the DMAIC approach, and if you want to create a new one, use the DMADV method.

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The effect of education on Employment is that it increases the employment rate and reduces unemployment

Effect of Education on Employment

With proper education, individuals can get the skills needed to to employed as skilled labor and earn a decent amount of money as a salary.

Without education, most people become unemployed and at best even get a job that is not enough to take care of them.

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Three types of patents available under U.S. law are: a. utility, regulatory, common law. b. design, packaging, invention. c. utility, product, design. d. design, plant, utility.

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The three types of patents available under U.S. law are design, plant and utility.

What is patent?

A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem.

It is the right from the federal government to produce and sell something for a certain number of years without anyone copying it.

Thus, option D is true as three types of patents available under U.S. law are design, plant and utility.

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In recent years, progressive firms have embarked upon __________, where they will commit company resources and expertise toward helping in broad-based humanitarian situations.

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In recent years, progressive firms have embarked upon co-orperate social initiaitives, where they will commit company resources and expertise toward helping in broad-based humanitarian situations. This is further explained below.

What is a firm?

Generally, a firm is simply defined as a firm Professional services are provided by a firm, which might be a corporation, a private corporation.

In conclusion, Co-operative social initiatives have been more popular among progressive businesses in recent years.

Answers

The three devops that are encouraged in the agile release train are:

Visualize work in process and reduce batch sizes Perform System Demos Plan and rehearse failure response practices

What is the agile release train?

This is used to refer to the agile teams that are known to continuously

developdeliver operate.

They are known to operate one or more solutions of value in order to solve important problems.

Answers

Answer:

It depends on the money you make and other variables.

As a project manager, the project is your number one priority. However, you have team members with competing priorities from other projects. You want to influence them to make your project their priority. To do this, you bridge the high-level goals of the project and the day-to-day perspective of the team. You collaborate to find an outcome that works for everyone. What interpersonal skill did you mainly use in this scenario

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As per the given scenario, the interpersonal skill that should be used is negotiating effectively.

Who is a project manager?

A project manager refers to the person who is in overall charge of the planning and execution of a particular project.

As a project manager, the project is on number one priority. The interpersonal skill that is mainly used in this scenario is negotiating effectively.

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A research paper which has been turned in for credit is a final product. please select the best answer from the choices provided t f

Answers

It is a true statement that a research paper which has been turned in for credit is a final product.

What is a research paper?

This means the document that entails all the research chapter on a research topic.

When it is presented for approval or credit, it is often a final product before the submission.

Therefore, it is a true statement.

Answers

The sabo files a suit against thermal. as compensatory damages, sabo can recover $2,000.

Compensatory damages amount to recover

Using this formula

Compensatory damages=Beginning earning before cancellation- Amount earn after cancellation

Let plug in the formula

Compensatory damages=$5,000-$3,000

Compensatory damages=$2,000

Therefore the correct option is D.

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Samantha is part of a project management team working on the initiation phase of a project. What is her team expected to do in this phase? In the initiation phase, Samantha’s team needs to clarify the project’s and justify it.\]\\

Answers

Answer:

The Initiation Phase is the stage of the project lifecycle in which the project proposal is conceived, assessed, and then approved for implementation by the Project Sponsor and the Vice Chancellor/Chief Information Officer. A formal project discovery process documents and reviews the project justification, important deliverables, risks, projected cost and resource needs, and other project information.

The team is supposed to agree on a project vision, set primary targets, and justify the initiative. Examine project charters, project change procedures, and past project experience gained; determine all project stakeholders and define service/product owners, project team member roles and duties, resources needed, cost estimates, and a general schedule. By developing the project charter and receiving Project Sponsor agreement to proceed with detailed planning.

How would you manage the school if you are the headmaster?

Answers

Answer:

i wouldn't manage

Explanation:

The U.S. government agency that advises and assists small businesses by providing management training and financial advice and loans is called the: Multiple choice question. Small Business Investment Company Small Business Administration Government Business Development Center Government Entrepreneurship Assistance

Answers

A U.S. government agency that works to assist small businesses is called the Small Business Administration(SBA).

What does the Small Business Administration do?

The Small Business Administration was established under the Eisenhower tenure in order to boost the nation's economy.

They work to help small businesses by offering them several types of support such as management training and loans.

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What house designs are eco friendly?

Answers

Answer:

Cob.

Straw Bale. ...

Underground Homes. ...

Rammed Earth Construction. ...

Earth Sheltered Homes.

Solar Roofing. ...

Bamboo Flooring. ...

Cork Flooring.

Explanation:

hopes this helps

A top executive from Toyota sits on the boards of the Tomo Tire Co., which manufactures tires for Toyota automobiles. Toyota and Tomo Tire Company trade with each other whenever possible and work together in product development, finance, and marketing. This is an example of _______.

Answers

This given scenario is an example of keiretsu.

What is a Keiretsu?

This refers to the conglomerate of businesses that are linked together based on shared holdings and is a popular business term in Japan.

Hence, we can see that based on the given scenario about the business partnership between Toyota and Tomo Tires, they work together on product development, finance, and marketing. This is an example of a keirestsu.

Answers

Answer:

Office is important because it makes a collection of all things you need for a certain specific work.

The management of a company wants to begin electronically monitoring the computer work of the employees who process claims filed by customers. The company's HR executive expects that employees will resist the monitoring because they will feel robbed of their human dignity. How could the HR department best address this concern

Answers

In this HR department can best address this concern by application of data to employee development programs to support the to employees advance in their careers.

What is employee development program?

An employee development program can be described as kind of a training program that is been given to employee by their employer to help them to improve their skills and abilities.

Therefore, since management of a company wants to begin electronically monitoring the computer work of the employees . then the program can be applied.

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When Jesse was fired, his supervisor told him the reason was that he did not meet performance standards. The supervisor assumed that would prevent Jesse from claiming he had been dismissed unjustly. What is the main flaw in the supervisor's assumption

Answers

Answer:

Jesse had been claimed disc unjustly

Explanation:

because the person is going to fire Jesse

The main flaw in the supervisor's assumption is People who file lawsuits for unfair termination typically contend that the real cause for the termination was different from what the employer said.

What is Supervisor?

A supervisor is referred as an individual who has the art of directing and monitoring people or groups of people in an organization with pleasing efforts to timely accomplishment of tasks and help them to grow by providing better direction.

In the given case, Jesse's employer informed him that the reason for his termination was that he had fallen short of performance expectations. The manager believed that would deter Jesse from saying he was fired wrongfully.

The supervisor's assumption has a major fault in that most people who file claims for unfair termination claim that the underlying reason for the termination was not what the employer said.

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I am stuck on this question can someone help?

Answers

Answer:

college-sociologist, hairstylist, biomedical engineer

vocational certification- tour guide, childcare director, museum personnel

Explanation:

Bobbie created a new piece of workout gear. although she couldn't initially find potential investors, she secured a personal loan and borrowed additional money from her parents. her drive to continue believing in her idea and to remain enthusiastic shows that bobbie is

Answers

Based on the given description of Bobbi and her unrelenting attitude, we can conclude that Bobbi is D. characteristically self-nurturing.

What is Business?

This refers to the venture that involves the buying and selling of goods, with the primary aim of making a profit.

Hence, we can see that based on the fact that Bobbi has a new idea to make workout gear and she does not find investors, she persists and gets a business loan which shows that she is characteristically self-nurturing.

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Question Content AreaWhich of the following is true of the master budget? a.Variable costs cannot change from one month to another. b.The master budget can reflect seasonal effects. c.Fixed costs cannot change from one month to another. d.Monthly budgets are derived by dividing the master budget by 12. e.None of these choices are correct.

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A master budget is such a budget where the fixed costs cannot change from one month to another; and monthly budgets are derived by dividing the master budget by 12.

What is a master budget?

The method of budgeting, which involves the total or aggregation of small or sub-budgets, which is backed by a financial plan, is known as the preparation of a master budget.

Hence, option C and D hold true regarding master budget.

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The crowding-out effect stresses that Group of answer choices an increase in government expenditures will stimulate aggregate demand and, thereby, help to prevent recessions. an increase in taxes will restrain aggregate demand and, thereby, help to control inflation. additional government borrowing to finance a larger deficit will increase the demand for loanable funds, causing real interest rates to rise. a budget deficit is a highly effective tool with which to combat recessions. both a and d are correct.

Answers

The crowding-out effect is such that additional government borrowing to finance a larger deficit will increase the demand for loanable funds, causing real interest rates to rise.

What is the crowding-out effect?

The crowing-out effect refers to when the government borrows so much money that they make it hard for businesses to borrow and invest in new projects.

This happens because the government borrowing will decrease the amount of funds that can be borrowed in the market which will lead to higher interest rates for the remaining funds.

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How does a command economy differ from a mixed market economy?

A. In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.
B. In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights.
C. In a command economy, citizens own all public property. In a mixed market economy, the government owns all private property.
D. In a command economy, citizens own all private property. In a mixed market economy, the government owns all public property

Answers

Answer:

A mixed economy is partly run by the government and partly as a free market economy, which is an economic system that includes no government intervention and is mainly driven by the law of supply and demand . A command economy is an economic system where the government has control over the production and pricing of goods and services.

Explanation:

The answer is C in a command economy

Amila is examining the monthly returns of various stocks. she would like to compare the underlying distributions of the stocks visually and has decided to use multiple histograms for this purpose. she is however worried that it is difficult to compare the distributions of two stocks that are not next to each other on the plot. she also needs to add 5 more stocks to the plot and she is worried it will become cluttered. can you suggest an alternative plot for amila to use

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An alternative plot for Amila to use is to use a graph to depict the data.

How to illustrate the information?

From the information, she is worried that it is difficult to compare the distributions of two stocks that are not next to each other on the plot.

Therefore, a graph can be used to better illustrate the information.

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It is now Prime Day, the deal is selling well, but you just got a call from the vendor explaining that they will not be able to fill any more units for the next 3 weeks. Your Instock Manager (Anjali Patel) says that we should cut the deal off early to preserve inventory for that 3-week period. What are the factors you would consider before deciding whether to cut the product off early

Answers

The factors that have to be considered are:

Competitor activityVendor relationshipImpact of negative experience on customersRevenue impact

Why these factors have to be considered

The competitor activity is a factor worthy of consideration so that the company would not lose market demand to others.

Vendor relationship is worthy so that it would lead to a smooth flow. The impact on customers if high may cause customers to leave brand.

Impact of negative experience if very high would cause the customers to move away from the brand.