Afirm sells its product in a perfectly competitive market, and buys labor in a competitive labor market. the firm is currently producing the profit-maximizing amount of output using the profit-maximizing amount of labor. the firm's marginal cost (mc) of producing one more unit of its product equals:
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Business, 21.06.2019 21:20
20. sinclair company's single product has a selling price of $25 per unit. last year the company reported a profit of $20,000 and variable expenses totaling $180,000. the product has a 40% contribution margin ratio. because of competition, sinclair company will be forced in the current year to reduce its selling price by $2 per unit. how many units must be sold in the current year to earn the same profit as was earned last year? a. 15,000 units b. 12,000 units c. 16,500 units d. 12,960 units
Answers: 1
Business, 22.06.2019 09:50
The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?
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Business, 22.06.2019 11:20
Which stage of group development involves members introducing themselves to each other?
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Business, 22.06.2019 13:00
Explain the relationship between consumers and producers in economic growth and activity
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Afirm sells its product in a perfectly competitive market, and buys labor in a competitive labor mar...
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