A firm is maximizing its profit while incurring economic losses. What must be true? (2 points)
Total cost > total revenue; marginal cost > marginal revenue
Total cost = total revenue; marginal cost > marginal revenue
Average total cost > price; marginal cost = marginal revenue
Average total cost < price; marginal cost = marginal revenue
Average total cost < average revenue; marginal cost > marginal revenue

Answers

Answer 1

When a company maximizes its profit while suffering economic losses, Marginal cost exceeds marginal revenue and total cost exceeds total income.

The highest level of profit is achieved when marginal revenue equals marginal cost. False or true?

True is the appropriate response. The aforementioned claim is accurate since a business or sector does not cease to exist if profits are maximized when marginal revenue and marginal cost are equal.

What does a company that seeks to maximize profits do?

Businesses use the practice of profit maximizing to ensure that the highest levels of output and prices are realized in order to maximize their returns. The company adjusts important variables, such as sale price, production costs, and output levels, in order to reach its profit targets.

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Related Questions

2 reasons south korea doesn't fit the state concept

Answers

Note that South Korea doesn't fit the state concept due to the division of the Korean Peninsula and the influence of external powers on its politics and economy.

What is special about South Korea?

South Korea is special for its rapid economic growth, technological advancements, and cultural exports such as K-pop and Korean dramas.

It also faces unique challenges such as the ongoing conflict with North Korea and pressure to maintain relationships with global superpowers. Despite this, South Korea has emerged as a democratic and influential player on the world stage.

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Which statement best expresses Anya Kamenetz’s overarching thesis?
Not all jobs require a college degree, so higher education need not be free to all.
Existing loans and grants already provide college aid for those who most need it.
Making higher education tuition-free will not eliminate disparity in wealth and opportunity.
The costs of higher education would best be regulated by the laws of supply and demand.
College cost is a complicated issue that requires more than “free” fixes that are not truly free.

Answers

Answer:

The statement that best expresses Anya Kamenetz’s overarching thesis is: "College cost is a complicated issue that requires more than “free” fixes that are not truly free." This statement suggests that while free college education is an attractive solution, it is not a comprehensive solution to the issue of college cost. Kamenetz argues that the issue is more complex and requires a multi-faceted approach to address the underlying problems. She discusses the different ways that college cost affects individuals and society, and how addressing the issue will require more than just making college tuition-free for everyone.

Explanation:

PLEASE HELP IT IS URGENT!!!! I NEED EXPLINATIONS AS WELL!!!!!!

1. In context, the second sentence of the fifteenth paragraph ("However, the agreement . . . legally binding”) (lines 59–60) serves as a transitional element that
A. reveals the author’s regrets about a proposed solution in the passage
B. acknowledges a weakness in the author’s line of reasoning in the passage

2.Which of the following choices accurately describes a strategic stylistic decision that the author makes in the seventeenth paragraph (lines 64–66)?
A.The coordinated clause provides a contrast to the previous paragraph and gives the same importance to the ability to remove large items and the inability to remove microplastic.
B. The words regretted and colossal, both of which have negative connotations, emphasize the flaws inherent in the plan to remove plastic from the ocean

3.Which of the following statements most directly expresses the author’s thesis in the passage?
A.To effect real change and clean up, countries need to take a deeper look at the ways they use plastics in everyday life.
B. A concerted international effort is needed to both remove the existing garbage patch and reduce plastic waste overall.

Answers

Answer:

The correct answer to question 1 is B. The correct answer to question 2 is A. The correct answer to question 3 is A. To effect real change and clean up, countries need to take a deeper look at the ways they use plastics in everyday life.

Are Aesop’s fables still relevant in the Information Age? Have we outgrown the need for them? Referring to specific fables in the text, write an argument for or against the usefulness of fables as lessons or literature.

Answers

Aesop's fables have been a popular form of storytelling for centuries, and their influence can still be seen in modern-day literature, television, and film. While some may argue that we have outgrown the need for these fables in the information age, I believe that they still have relevance and value as both lessons and literature.

Firstly, the fables' timeless themes and messages make them still relevant today. For example, the fable of "The Tortoise and the Hare" teaches us the importance of persistence and hard work, which is still applicable in today's world. In a society that often values speed and instant gratification, this lesson is still essential to remember.

Moreover, fables provide an engaging way to teach complex ideas or moral lessons. They are often told in a simple, accessible language that even children can understand, making them an effective tool for teaching values and virtues to younger generations. The fable of "The Boy Who Cried Wolf" teaches the importance of honesty and integrity in a way that is easy to understand, making it an excellent example of how fables can be used to convey important messages.

Additionally, fables can also provide insight into the cultural values and beliefs of a particular society. For instance, the fable of "The Ant and the Grasshopper" reflects the importance of hard work and preparation in ancient Greek culture. By studying these fables, we can gain a better understanding of the values and beliefs of the cultures that created them, which can help us to appreciate and learn from different perspectives.

In conclusion, Aesop's fables are still relevant and useful in the information age. They provide timeless lessons and insights into different cultures, making them valuable both as literature and teaching tools. While our society has evolved and changed, the lessons and themes in these fables remain constant and continue to be applicable in our lives today.

REAL ANSWERS ONLY PLEASE!!! PLEASE HELP IT IS URGENT!!!! I NEED EXPLINATIONS AS WELL!!!!!!
1. In context, the second sentence of the fifteenth paragraph ("However, the agreement . . . legally binding”) (lines 59–60) serves as a transitional element that
A. reveals the author’s regrets about a proposed solution in the passage
B. acknowledges a weakness in the author’s line of reasoning in the passage

2.Which of the following choices accurately describes a strategic stylistic decision that the author makes in the seventeenth paragraph (lines 64–66)?
A.The coordinated clause provides a contrast to the previous paragraph and gives the same importance to the ability to remove large items and the inability to remove microplastic.
B. The words regretted and colossal, both of which have negative connotations, emphasize the flaws inherent in the plan to remove plastic from the ocean

3.Which of the following statements most directly expresses the author’s thesis in the passage?
A.To effect real change and clean up, countries need to take a deeper look at the ways they use plastics in everyday life.
B. A concerted international effort is needed to both remove the existing garbage patch and reduce plastic waste overall.

Answers

In context, the second sentence of the fifteenth paragraph ("However, the agreement . . . legally binding”) (lines 59–60) serves as a transitional element that A. reveals the author’s regrets about a proposed solution in the passage

The choice that accurately describes a strategic stylistic decision that the author makes in the seventeenth paragraph (lines 64–66) is B. The words regretted and colossal, both of which have negative connotations, emphasize the flaws inherent in the plan to remove plastic from the ocean

The option that expresses the author’s thesis in the passage is B. A concerted international effort is needed to both remove the existing garbage patch and reduce plastic waste overall.

How to explain the excerpt

It should be noted that in context, the second sentence of the fifteenth paragraph serves as a transitional element that reveals the author’s regrets about a proposed solution in the passage.

This indicates the author’s dismissal of a counterargument discussed in the passage.

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