Answer:
C) increase production.
Explanation:
Competitive firms maximize their accounting profits when marginal revenue (MR) = marginal cost (MC).
In a perfectly competitive market, all the producers and the consumers are price takers, so they cannot change the price of the goods. So changing the sales price is not possible. Since the marginal revenue is greater than the marginal cost, the firm should increase its production output until MR = MC.
Explanation:
Postmodernism, also spelled post-modernism, in Western philosophy, a late 20th-century movement characterized by broad skepticism, subjectivism, or relativism; a general suspicion of reason; and an acute sensitivity to the role of ideology in asserting and maintaining political and economic power.
Its main characteristics include anti-authoritarianism, or refusal to recognize the authority of any single style or definition of what art should be; and the collapsing of the distinction between high culture and mass or popular culture, and between art and everyday life.
Answer:
$405,860
Explanation:
Data given
Predetermined overhead rate = $22.30
Actual machine hours = $18,200
The computation of manufacturing overhead applied is shown below:-
Manufacturing overhead applied = Predetermined overhead rate × Actual machine hours
= $22.30 × 182,00
= $405,860
Therefore for computing the manufacturing overhead applied we simply multiplied the predetermined overhead rate with actual machine hours.
Answer:
Mrs. Smith is a postsecondary teacher, and Mr. Doe is a teaching assistant.
Explanation:
Mrs. Smith gives the lectures, sets the due dates, and is an expert on the material of a <em>"college-level course"</em>, therefore, she has to be a postsecondary teacher, as the teacher is responsible for giving the lectures, and has to be an expert on the material.
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Mr. Doe helps grade papers, offers tutoring sessions for the students, and attends the lectures. From my experience and the phrase <em>"helps grade papers" </em>rather than just <em>"grades the papers", </em>we can conclude that Mr. Doe is the teaching assistant. <em> </em>
Answer: cross price elasticity of demand
Explanation:
The cross price elasticity of demand measures the changes in quantity demanded of one good when the price of another good changes.
Substitute goods are goods that can be used instead of another good e.g. coke and pepsi. The cross price elasticity for substitutes is usually positive because an increase in price of one good increases the quantity demanded of the other good.
Complementary goods are goods that have to be consumed or used together. E.g. car and gas. The cross price elasticity for complementary goods are usually negative because an incease in price of one good leads to fall in the quantity demanded of the other good.
I hope my answer helps you
