By increasing revenues or the cost of the assets.
profit is maximized
At the output level at which the slopes of the total revenue and total cost curves are equal, provided the firm is covering its variable cost
a. monopoly profit is maximized. b. marginal revenue equals marginal cost. c. the marginal cost curve intersects the total average cost curve. d. the total cost curve is at its minimum. e. Both A and B
yes
when the marginal benefit of consumption is equal to the marginal cost of production.
profit is maximized
To minimize cost in order to maximized profit.
At the output level at which the slopes of the total revenue and total cost curves are equal, provided the firm is covering its variable cost
Proceeds from disposal of assets is equal to = Total cost of disposed assets- Accumulated depreciation related to assets disposed+ Profit on sale of fixed assets
a. monopoly profit is maximized. b. marginal revenue equals marginal cost. c. the marginal cost curve intersects the total average cost curve. d. the total cost curve is at its minimum. e. Both A and B
It is treated as expense because it uses to allocate the related assets cost portion to profit and loss account due to usage of fixed assets for revenue generation in fiscal year.
Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost.
The basic formulas for profit are represented as follows: Profit = Price - Cost % Profit = Profit / Cost So, if an item sold for 2,602.58 and cost 2,090.42, the profit (absolute) is : Profit = 2,602.58 - 2,090.42 = 512.16 The % profit (relative to the cost) is: % Profit = 512.16 / 2,090.42 = 24.5%
yes
when the marginal benefit of consumption is equal to the marginal cost of production.
yes
Marginal cost, which is the cost of producing one more unit of output, helps determine the level at which profits will be maximized.