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Naddika [18.5K]
2 years ago
14

A firm's primary objective is to maximize profits; however, there are always two constraints:

Business
1 answer:
alekssr [168]2 years ago
7 0
Two constraints to maximizing profit are cost of production and consumer demand. 

Consumer demand
is essential for revenue. Competition and budget can affect demand and put constraints to profit maximization. Cost of production can constraint profits maximization too because the higher the cost of raw material, the higher the cost of production will be, which in turn will affect the price of the product. This increase in price can also affect the demand.

The answer is then D.  
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Andrew and Emma Garfield invested $7,900 in a savings account paying 4% annual interest when their daughter, Angela, was born. T
Aleonysh [2.5K]

Answer:

$44,440.96

Explanation:

We must find the future value of the initial $7,900 deposit and the annuity (17 deposits of $1,200 each)

  • future value of the initial deposit = present value x (1 + interest rate)ⁿ = $7,900 x 1.04¹⁸ = $16,003.95
  • future value of the annuity = Payment x ([1 + interest rate]ⁿ - 1) / interest rate = $1,200 x (1.04¹⁷ - 1) / 0.04 = $28,437.01

total amount on Angela's savings account = $16,003.95 + $28,437.01 = $44,440.96

5 0
2 years ago
Auto parts manufacturer JEG Inc. has a number of vacancies at lower management levels and wants to fill the positions from withi
Ainat [17]

Answer:

B)Unqualified applicants will need explanations about why they did not get the job.

Explanation:

From the question we are informed Auto parts manufacturer JEG Inc. who has a number of vacancies at lower management levels and wants to fill the positions from within the company itself rather than recruit externally. The company plans to e-mail the job specifications to all employees and post the jobs on the company Web site. In this case, what could weaken the company's decision, is that Unqualified applicants will need explanations about why they did not get the job.

7 0
1 year ago
One major benefit of using the Bank Feeds feature in QuickBooks Online is that as you _________________ or __________________ tr
Alex73 [517]

Answer:

1.  Exclude

2.  Add

3.  Reconciled

Explanation:

QuickBooks Online supports Bank feeds features, which in turn allows a user to perform ADDITION or EXCLUSION of transactions online, which results in such transaction are marked RECONCILED.

Hence, one of the major benefits of using the Bank Feeds feature in QuickBooks Online is that as you EXCLUDE or ADD transactions in QuickBooks Online from the downloaded transactions from the bank, they are marked RECONCILED. This makes the end-of-period bank reconciliation more efficient.

8 0
2 years ago
"" In order to produce 100 oatmeal cookies, GoodieCookieCo incurs an average total cost of $0.25 per cookie. The company’s margi
Alenkinab [10]

Answer:

Total cost to produce 50 oatmeal is $20

Explanation:

We have given average total cost to produce 100 oatmeal cookies = $0.25

So Total cost = 0.25×100 = 25

Total variable cost  to produce 100 cookies = marginal cost×100 = 0.1×100 = 10

Total fixed cost to produce 100 cookies = total cost-total variable cost = 25-10 = $15

Total cost of producing 50 cookies

=total fixed cost + total variable cost

=total fixed cost +(marginal cost ×50)

=15+(0.1×20)

=15+5

=$20

8 0
2 years ago
Lionel joined the International Council on Hotel, Restaurant and Institutional Education for career guidance. Which profession i
Savatey [412]

Answer:

Food-service management

Explanation:

The International Council On Hotel, Restaurant & Institutional Education (I-CHRIE) was founded in 1946 as a non-profit organization for schools offering programs in hotel and restaurant management, food service management and culinary arts.

Hence, Lionel haven joined the International Council on Hotel, Restaurant and Institutional Education for career guidance is aspiring for a profession in hospitality or food-service management.

7 0
2 years ago
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