subject
Business, 07.11.2019 03:31 aurorasweetpea610

Ben and jerry are managers at the company, and they have this discussion: ben: we should produce 4,000 lamps per month because that will minimize our average costs. jerry: but shouldn't we maximize profits rather than minimize costs? to maximize profits, don't we need to take demand into account? ben: don't worry. by minimizing average costs, we will be maximizing profits. demand will determine how high the price we can charge will be, but it won't affect our profit-maximizing quantity. evaluate the discussion between the two managers. ben's assertion that the firm should produce the quantity of lamps where average costs are minimized is

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:40
The board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking individual. the ceo generally works under the board and its chairman, and the board generally has the authority to remove the ceo under certain conditions. the ceo, however, cannot remove the board, but he or she can endeavor to have the board voted out and a new board voted in should a conflict arise. it is possible for a person to simultaneously serve as ceo and chairman of the board, though many corporate control experts believe it is bad to vest both offices in the same person. true false
Answers: 3
question
Business, 22.06.2019 10:10
Karen is working on classifying all her company’s products in terms of whether they have strong or weak market share and whether this share is in a slow or growing market. what type of strategic framework is she using?
Answers: 2
question
Business, 22.06.2019 16:10
The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense
Answers: 3
question
Business, 22.06.2019 19:30
Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above
Answers: 2
You know the right answer?
Ben and jerry are managers at the company, and they have this discussion: ben: we should produce 4...
Questions
question
Mathematics, 07.07.2019 20:30
Questions on the website: 13722360