Marginal revenues equal to marginal

Assignment Help Accounting Basics
Reference no: EM13967436

"One of the least practical suggestions that economists have offered to managers is that they set marginal revenues equal to marginal costs." Discuss this statement.

Reference no: EM13967436

Questions Cloud

Explain the effect of supply chains on financial decisions : Describe factors that contribute to foreign exchange risk and methods to mitigate them.
Find the torque angle : A 208-V Y-connected synchronous motor is drawing 50 A at unity power factor from a 208-V power system. The field current flowing under these conditions is 2.7 A. Its synchronous reactance is 0.8Ω. Assume a linear open-circuit characteristic. Fi..
Use of incremental analysis : "Marginal cost pricing, as well as the use of incremental analysis, is looked upon with favor by economists, especially those on the staffs of regulatory agencies.
Vanna co. produces and sells two products : Vanna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels.
Marginal revenues equal to marginal : "One of the least practical suggestions that economists have offered to managers is that they set marginal revenues equal to marginal costs." Discuss this statement.
Draw connections within social media and technology : draw connections within social media and technology between learning and business communication. How does the "learning" theory transfer to the networked world for business?
Point price elasticity of demand : Illustrate the relation between the optimal markup on price and the point price elasticity of demand.
Optimal markup on cost and the point price : Identify and interpret the relation between the optimal markup on cost and the point price elasticity of demand.
Markup-on-cost and markup-on-price formulas : Develop and explain the relation between the markup-on-cost and the markup-on-price formulas.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Rocky net income from the repair business

The floor space of Rocky's residence is 2,500 square feet, and he estimates that 20% of this is devoted exclusively to the repair business. Gross income from the business is $12,000, while expenses (other than home office) are $5,000. Expenses rel..

  Calculate the annual cost of the truck at 7 per year and if

brent owns beck trucking. seven years ago he purchased a large-capacity dump truck for 115000 to provide short-haul

  Stockholders equity section of eppleys balance sheet

Prepare the stockholders equity section of Eppleys balance sheet. Net income has already been closed to Retained Earnings.

  Describe the manufacturing process

Choose a product to manufacture and to describe the manufacturing process. Prepare the following budgets for 1 quarter broken down monthly regarding your chosen item: estimated sales budget, estimated direct materials budget, estimated direct labor..

  Journal entry to distribute rozow''s total earnings

M. Rozow of Covington Manufacturing Co. is paid at the rate of $20 an hour for an 8 hour day with time and a half for over time and double time for Sundays and holidays.

  What is meant by the term short-term profit-planning model

the owner of a package delivery business is currently evaluating the choice between two different cost structures based

  Your schools football coach has just been fired when the

your schools football coach has just been fired. when the athletic director informs him of the termination he tells the

  To purchase a new car you borrow 25500 a car dealer offers

to purchase a new car you borrow 25500. a car dealer offers a 5 year loan at the interest rate of 4 compounded

  Classic irons inc purchased manufacturing equipment with

classic irons inc. purchased manufacturing equipment with an expected useful life of five years or 5000 hours of usage.

  Evaluate the performance of division chiefs

Mark Wilson, chief of personnel, has been instructed to increase the hiring of women at the Morton Cement Company.

  What are the requirements for a fund to be classified

What are the requirements for a fund to be classified as a major fund in the fund financial statements?

  Assume the same facts as in the previous example how much

1. under the modified accrual basis of accounting revenues cannot be recognizeda. until cash has been collectedb.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd