The given statement is False.
For many years China relied on central planning but is currently moving away from a central market to a free market based economy. This would mean that China's economy is in a state of Transition. This statement is not necessarily True.
Explanation:
Free market is a market structure in which there is a little or no control of the government on supply and demands of the products or services. The structure of this market depends upon the political or legal rules.
If China moved from the central to the free market, it does not mean that is it in the state of Transition. This is because, it could be the choice of China itself to keep a balance between the command and the free market economies, whatever suit its needs.
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emback on a marketing research about a business
Answer:
Explained below.
Explanation:
Marketing research is required on steady support if thou desire to follow up with the newest market inclinations as well as obtain a competing edge in the business syndicate. The market research, not simply assists in recognizing new business possibilities however also accommodates in creating marketing operations that will immediately target the attention of your potential customers as well as support in improving businesses. It also produces estimable knowledge regarding the potential of an appropriate market section, through a specific point, also within an appropriate age.
which of the following statements is true regarding c corporation dividend distributions?
A. the dividend distributions are taxed at the entity level.
B. the dividend distributions are taxed at the individual shareholder level only.
C. the dividend distributions are not taxed because the income was already taxed at the entity level.
D. the dividend distributions are taxed first at the time they are calculated at the entity level and then also taxed at the individual shareholder level.
Answer:
C corporation dividend distributions are taxed first at the time they are calculated at the entity level and then also taxed at the individual shareholder level.
Option: (D)
Explanation:
When the dividend is at the entity level, it is deemed to be as the profit gained by the corporation. Hence, the corporation is bound to pay the corporate income tax of 21% on the entire amount of dividends. Once the dividend is distributed among the shareholders after initial taxation, it becomes income for the shareholders. Thus, shareholders also need to pay the income tax.In economics, rational decisions occur when
Answer:
rational decisions occur when the marginal benefits of an action equal or exceed the marginal costs. Deciding by thinking at the margin is just like making any other decision. A rational decision occurs when the marginal benefits of an action equal or exceed the marginal cost.
Explanation:
Answer:
Explanation:
Rational decision making is a multi-step process for making choices between alternatives. The process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. The word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.
The benchmark for making effective decisions. Rational decision making brings a structured or reasonable thought process to the act of deciding. ... This can be very important when making high value decisions that can benefit from the help of tools, processes, or the knowledge of experts.
Which pyramid model revolves around the different types of data knowledge and information that an organization processes at different levels. A) six level B)four level C)three level D)five level
Answer:
C) Three-level
Explanation:
The pyramid model is the most common differentiation information technique.
Option A is incorrect as a six-level pyramid model does not exist at all.
Option B is incorrect as it uses for employees. For example, - Executives are on the 4th grid, and workers are on the lower grid.
Option D is wrong. It uses for different types of data, information that is processed by the various parts of an organization.
Revolving around the different types of data knowledge and information that an organization processes at different levels exist in the three-level pyramid model. Therefore, Option C is correct.
Answer:
D. five-level
Explanation:
I took the test on edmentum and that was the one that was correct. The one I saw before mine is wrong.
What is a collection of computer applications that are bundled together called
A collection of computer applications that are bundled together is called a software suite.
Explanation:A collection of computer applications that are bundled together is called a software suite. A software suite is a set of applications that are designed to work together and provide a range of functionality for the user.
Examples of software suites include Microsoft Office (which includes applications like Word, Excel, and PowerPoint) and Adobe Creative Cloud (which includes applications like Photoshop, Illustrator, and Premiere Pro).
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A phrase that refers to the trade-offs
that nations face when choosing whether to
produce more or less military or consumer
goods is
(A) Shortage or scarcity.
(B) Physical capital.
(C) Guns or butter.
(D) Swords or plowshares.
Answer:
The correct answer is C
Explanation:
Guns and butter is policy of the economy, where the decision of whether the country is more interested in spending the money on people. It states or explains the relationship among the investment of the nation in defense and the civilian goods.
But in business, guns and butter, will be a phrase which states the trade- off the nations face while selecting to produce or manufacture more or less military or the consumer goods.
what's the best way to start a career in either photography or animal care?
Answer: do research on both, forgive out the expectations, pay, responsibility’s etc
Explanation:
Answer:
what's the best way to start a career in either photography or animal care?
be passionate about the new career
develop good personal relationship
show dedication about it
be disciplined
Explanation:
Greer went to her favorite manicure shop but the quality of her manicure was not as well done as previous times. What characteristics of services does this decision relate to?
Greer decision is related to the fact that quality of services is .
Answer:
(1) Services are not separable.
(2) Services are intangible: they can only be felt.
Explanation:
(1) Services are not separable
Services can't be separated from a person once they are felt. In this case Greer felt had a satisfactory experience of manicures several times which enabled her to have a judgment about the latest manicure service.
(2) Services are intangible: they can only be felt
Services are intangible i.e. they can only be felt. The past fruitful experiences of Greer towards the manicure services and the current latest manicure service experience was only felt by her and not measured numerically. The experiences felt from the respective service offerings enabled her to make the decision about her latest services availed of manicure.
Answer:
heterogeneous
Explanation:
plato
A bank pays the full amount of a mortgage to __
a. the seller
c. the buyer
b. an escrow account
d. a savings and loan
Answer:
d. a saving and loan
Explanation:
Danny mentions that he is only in business if his employees are happy to come to work. Based on McGregor's work, Danny would have a
employees.
Answer:
Theory Y views
Explanation:
According to McGregor, managers who subscribe to the theory Y assumptions have an optimistic view of their employees. They regard employees as intelligent and innovative people who can provide solutions to the organization's problems. Theory Y managers appreciate employee differences, encourage them to improve their skills and work rate.
Assumptions of Theory Y include
Employees are happy to work on their initiative.Workers like to be involved in decision making.Workers are self-motivated and like to complete their tasks.Employees willingly seek and accept responsibilityView work as fulfilling and challenging.Have the ability to solve the organization's problems creatively and innovatively.Based on McGregor's work, Danny would have a employees : D. Theory Y
What is theory Y?Theory Y according to McGregor, lay emphasis that managers have an optimistic view of their employees. They regard employees as intelligent and innovative people who can provide solutions to the organization's problems.
Theory Y is about workers motivation and management. This theory encourages a participative management style. Theory Y managers appreciate employee differences, encourage them to improve their skills and work rate.
Assumptions of Theory Y includes but not limited to :
Workers seek and take on responsibility.Workers are more engaged in decision making.Employees are happy to work on their initiative.Workers need little or no incentive to work.View work as fulfilling and challenging.Learn more about Assumptions of Theory Y here : https://brainly.com/question/25811833
“The Designers” an international furniture making company wants to expand its business in Pakistan by introducing its specialized Teak-wood rocking chair. For this purpose, the company needs a warehouse to store the goods. The company has forecasted the demand of the chair to be 4000 units each year for the next four years. The revenue generated by the company is Rs.20000 per chair. A single chair takes up an area of about 10 square feet.
Swift Logistics, a warehousing expert company, has offered to provide its services for storage of the goods. It has presented two alternatives: either to Lease the warehouse at the rate of Rs.10000 per 100 square feet or have it on Spot Market rate which is Rs.15000 per 100 square feet.
Answer:
I would consider consider leasing since the present value to be gained from leasing ($216,978,355.60) is greater compared to the present value if the spot rate is considered ($214,676,191.10).
Explanation:
Step 1: Total revenue per year if the demand is met
Total revenue per year=revenue per chair×number of chairs per year
where;
revenue per chair=Rs.20,000
number of chairs per year=4,000 units
replacing;
Total revenue per year=(20,000×4,000)=$80,000,000
Step 2: Determine the net revenue per year for Leasing
Net revenue=total revenue-total cost for leasing
total cost for leasing=cost per chair per square feet×area per chair×number of chairs
where;
cost per chair per square feet=10,000/100=$100
area per chair=10 square feet
number of chairs=4,000
replacing;
total cost for leasing=100×10×4,000=$4,000,000
Net revenue=80,000,000-4,000,000=76,000,000 per year
Step 3: Determine the present value of the net revenue per year for Leasing
Year Future cash flow Present cash flow Amount
1 76,000,000 76,000,000/{(1+0.15)^1} 66,086,956.52
2 76,000,000 76,000,000/{(1+0.15)^2} 57,466,918.71
3 76,000,000 76,000,000/{(1+0.15)^3} 49,971,233.66
4 76,000,000 76,000,000/{(1+0.15)^4} 43,453,246.67
Total present value of the future net revenue for leasing=(66,086,956.52+57,466,918.71+49,971,233.66+43,453,246.67)=
$216,978,355.60
Step 4: Determine the present value for the cost for spot Market rate
Since the spot market rate is paid once;
Total cost=(15,000/100)×10×4,000=$6,000,000
Total cost in four years=6,000,000×4=$24,000,000
Present value of spot rate cost=24,000,000/{(1+0.15)^4}=$13,722,077.89
Step 4: Determine the present value of the revenue per year
Year Future cash flow Present cash flow Amount
1 80,000,000 80,000,000/{(1+0.15)^1} 69,565,217.39
2 80,000,000 80,000,000/{(1+0.15)^2} 60,491,493.38
3 80,000,000 80,000,000/{(1+0.15)^3} 52,601,298.59
4 80,000,000 80,000,000/{(1+0.15)^4} 45,740,259.65
Present value of Total revenue=69,565,217.39+60,491,493.38+52,601,298.59+45,740,259.65=
$228,398,269
Step 5: Determine the present value of the net revenue per year for sport rate
Net present value=(228,398,269-13,722,077.89)=$214,676,191.10
I would consider consider leasing since the present value to be gained from leasing ($216,978,355.60) is greater compared to the present value if the spot rate is considered ($214,676,191.10).
what is insurance fronting
Answer:
Fronting policy is a risk management technique in which an insurer underwrites a policy to cover a specific risk, but then cedes the risk to a reinsurer. Fronting policies are most commonly used by large organizations, and is a type of alternative risk transfer
Explanation:
What are common 'qualifications needed for Hospitality and Tourism careers? Check all that apply.
professional appearance and behavior
computer and telephone skills
w knowledge of food and lodging
expertise in management and leadership
ability to handle multiple tasks at once
accuracy and attention to detail
Among the qualifications commonly needed for Hospitality and Tourism careers, expertise in management and leadership stands out as essential. The option (D) is correct.
Effective management and leadership skills are crucial for overseeing operations, leading teams, and ensuring quality service delivery. This includes managing staff, coordinating services, and implementing strategies to enhance guest experiences and business success.
Strong management and leadership abilities contribute significantly to the effective functioning and growth of hospitality and tourism establishments, making them a key requirement in this field.
This question is not complete, Here I am attaching the complete question:
What are common 'qualifications needed for Hospitality and Tourism careers? Check all that apply.
(A) professional appearance and behavior
(B) computer and telephone skills
(C) knowledge of food and lodging
(D) expertise in management and leadership
(E) ability to handle multiple tasks at once
(F) accuracy and attention to detail
The common qualifications needed for Hospitality and Tourism careers involve professional appearance, computer skills, knowledge of food and lodging, multitasking ability, and attention to detail.
The common qualifications needed for Hospitality and Tourism careers include professional appearance and behavior, computer and telephone skills, knowledge of food and lodging, ability to handle multiple tasks at once, and accuracy and attention to detail. These skills are essential for success in the industry.
The most common measure of inflation is a statistic called the
Answer:
consumer price index
Explanation:
The most common measure of inflation is a statistic called the consumer price index.
What is the consumer price index?The consumer price index is a measure used by economists to determine the level of inflation in an economy. It measures inflation by determining the changes in a basket of goods.
CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
If the consumer price index increases from one year to the next, it means that inflation has increased.
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what is income elasticity of demand
Answer:
income elasticity of demand measures the responsiveness of the quantity demanded for a good or service to a change in income. It is calculated as the ratio of the percentage change in quantity demanded to the percentage change in income.
Explanation:
Answer: Income elasticity of demand measures the degree of responsiveness of a consumer's quantity demanded (for goods or services) in relation to a slight change in the consumer's income.
Explanation: When there is a slight change in the consumer's income (increase or decrease), the quantity demanded will be affected and the response can go in either direction (that is, increase or decrease). For example, a 25% increase in a consumer's monthly income might be followed by a 40% increase in his/her monthly demand for a given commodity. This example reflects an elastic demand, (that is, greater than 1). The income elasticity of demand is calculated as,
% change in quantity demanded / % change in income
In which type of music do we find flatted notes and slow syncopated rhythms
Answer: soon (i'm not sure sorry if i'm wrong)
A(n)
combines electronic machines and computer-integrated manufacturing in a single production system.
Answer:
Flexible manufacturing systems (FMS)
Explanation:
FMS stands for the Flexible manufacturing systems, which is described as the method of production, which is designed in order to adapt the changes in the kind and the quantity of the product which is being manufactured.
The computerized systems and the machines could be configured to manufacture the variety of the parts and handle the production changing levels.
Therefore, the FMS is the one which is a single production system that combines the CIM (Computer Integrated Manufacturing) and the electronic machines.
HELP ME!!!! 100 points!!!!
1. In the Part I Review document, review the Section 8, Lesson 1: Business Opportunities information. Then describe 3 trends that you've noticed (either demographic, invention/technology, lifestyle, or style/entertainment) and explain how each one might generate a small business opportunity. (1-6 sentences. 3.0 points)
2. Make a list of at least 5 business ideas that you would be interested in starting as an entrepreneur. Then explain which one you think is the best opportunity for you. Give at least 3 reasons why this opportunity is better than the others. (1-5 sentences. 7.0 points)
TIP: You will create a marketing plan for this business idea in your next assignment, so pick an idea you like.
Answer:
(1) Then describe 3 trends that you've noticed (either demographic, invention/technology, lifestyle, or style/entertainment) and explain how each one might generate a small business opportunity
Trends;
Usage of social media
Use of Make-ups
Creativity among entrepreneurs
(2) Make a list of at least 5 business ideas that you would be interested in starting as an entrepreneur. Then explain which one you think is the best opportunity for you. Give at least 3 reasons why this opportunity is better than the others
Agriculture
Fashion
Photography or Cinematography
Restaurant
Transportation and logistics
Explanation:
(1)
Usage of social media: In recent times, social media has been the best or the greatest tools used to increase sales and make more profits in businesses, it reaches the targeted clients with a wider range, this helps to make entrepreneur less stressful and reduce some variable cost that would have been spent on some other things which would affect the price of such goods, hence; increases it price. Social media has greatly increase competition in the market which helps to reduce prices of goods
Use of Make-up: This is also trending at the moment, as the pace is increasing at alarming rate. Although, it has also helped to reduce unemployment among youths and allows even males to venture into such business which is lucrative at the moment. Make-up are used mostly by females for events, high placed female counterpart in the society, looking good is trending nowadays amidst females which is boosting those that are into make-up businesses.
Creativity among entrepreneur: It is a known fact for those that understands learning, it is pertinent to create a niche if you plan to grow. Recently, it is creativity is trending among entrepreneurs through the usage of different avenue to make sales, such as comics act, skit videos to sell goods online, jingles among others. With the rate at which this is growing, in short period more creativity would be made and businesses would grow more and more.
(2)
Agriculture: This is still the best anyone could venture into for the following reasons;
it has different aspect ranging from livestock farming, crop farming, among others
Food production is on a low side which makes agriculture to be the best, the market is not yet saturated with too many competitors
It would continue to make sales as far as human lives, food consumption continues either in large quantity or retailers size
Answer: Clothing,Auto Shop, Retail, Construction, Landscaping
Explanation:
you sell a house for $135,000. The selling price includes the standard six percent commission rate your brokerage charges. The buyer's agent will get half the commission. What is your portion of the commission?
Answer:
$4,050
Explanation:
Selling price is $135,000
Commission is 6 %
Actual commission 6/100 x 135,000
= .06x 135000
=$8100
Brokers gets 50 %, and the agent 50%
Actual amount= 50/100 x 8100
= 0.5x$8100
=$ 4050
In a planned economy what predicts the demand of goods and services and coordinates the appropriate level of production of these goods and services.
Answer:
The government
Explanation:
In the command economy, the government makes all economic decisions in the country. The command economy is also known as the command centrally planned economy. A central authority, which is the government decides what products will be manufactured, and they will be distributed.
The government makes economic plans for the country that outlines the level of production. It allocates resources required for production as per the plans. The government though its different agencies, owns the factors of production.
which aspect of a manual transmission is most often considered a disadvantage??
Fuel economy
maintenance requirements,
driver effort,
driver control.
Answer:
which aspect of a manual transmission is most often considered a disadvantage??
maintenance requirements
Explanation:
Maintenance entails lots of human power which is of great disadvantages as it is prone to error unlike machines with 100% efficiency which man power would not have recorded.
Final answer:
The most often considered disadvantage of a manual transmission is the increased driver effort required. Technological advancements in automatic transmissions, such as DCTs and CVTs, have improved fuel economy, diminishing the manual transmission's advantage. However, some manual cars may still offer competitive fuel efficiency.
Explanation:
The aspect of a manual transmission that is most often considered a disadvantage is driver effort. Unlike modern transmission technologies like 7+ speeds, dual clutch transmissions (DCTs), and continuously variable transmissions (CVTs) which are designed to optimize fuel economy and reduce CO₂ emissions, manual transmissions require more driver engagement and effort.
For example, the driver must continuously work the clutch and shift gears manually, which can be tiring, especially in heavy traffic conditions. Additionally, while manual transmissions historically had the advantage in fuel efficiency, advancements in technology have allowed automatic transmissions to equal or even surpass the fuel economy of manual transmissions.
It is also relevant to mention that cars are becoming more fuel efficient overall, getting more miles to the gallon, thereby diminishing the traditional advantage of manual transmissions in fuel economy. Furthermore, during exceptionally cold winters or under challenging driving conditions, the extra work involved in operating a manual transmission can be perceived as a drawback.
However, it is worth noting that, in some cases, driving a manual transmission car might still offer a fuel efficiency advantage comparable to a fully-occupied airplane which gets 90 m.p.g. per passenger. The relationship between the total fuel efficiency of a car and its various aspects like the type of transmission is a complex one that involves many variables including the vehicle's weight and aerodynamics.
Which best explains why the money supply is increased when the Fed buys T-bonds on the open market? The purchase of bonds reduces the available supply of bonds, which drives up bond prices. The purchase of bonds increases the amount of deposits in people's bank accounts, which enables banks to loan more money. The purchase of bonds leads to a reduction in the discount rate, which provides banks with an incentive to loan more money. The purchase of bonds increases the demand both for bonds purchases and for money in general.
Answer:
The purchase of bonds increases the amount of deposits in people's bank accounts, which enables banks to loan more money.
Explanation:
When the Federal Reserve buys treasury bonds, it deposits money to the sellers' amounts. The current bondholder gives up the bond and gets money in exchange. The Federal Reserve becomes the new bondholder.
The action of buying treasury bonds increases money in individuals accounts and, consequently, an increase in deposits. An increase in deposits means the bank will have more money to lend out to firms and households. The banks will reduce interest rates to encourage borrowing, which increases the money supply in the economy.
Answer:
The purchase of bonds increases the amount of deposits in people's bank accounts, which enables banks to loan more money.
Explanation:
APEX
For many years China relied on central planning but is currently moving away from a central market to a free market based economy. This would mean that China’s economy is in a state of transition. Please select the best answer from the choices provided
The given statement is False.
For many years China relied on central planning but is currently moving away from a central market to a free market based economy. This would mean that China's economy is in a state of Transition. This statement is not necessarily True.
Explanation:
Free market is a market structure in which there is a little or no control of the government on supply and demands of the products or services. The structure of this market depends upon the political or legal rules.
If China moved from the central to the free market, it does not mean that is it in the state of Transition. This is because, it could be the choice of China itself to keep a balance between the command and the free market economies, whatever suit its needs.
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"$12 million per year. grow 10% compounded annually over the next 5 years. What will demand be in 5 years?"
Answer:
$12,936,120
Explanation:
The formula for calculating compound interest
=FV = PV × (1+r)n
Fv = future value
PV present value
r interest rate =10 %
t =time = 5 years
Future value= 12million x(1+10/100)5
=12,000,000 x (1+0.1)5
=12,000,000x1.61051
= $12,936,120
Which potential biological food safety hazard does smoking in food storage and prep areas cause?
Answer:
Which potential biological food safety hazard does smoking in food storage and prep areas cause?
Biological food safety hazards are enormous, food contamination on storage food materials can lead to food borne diseases as a result of contamination caused by micro-organisms ranges from bacteria, parasites among others.
Smoking could leave residue on food materials on storage, hence; increases the moisture content which enhances micro-organism growth and enables the food spoilage.
Explanation:
Answer:
a
Explanation:
Place leftovers that you intend to eat seven days from now into the refrigerator.
Discard any food left out at room temperature for more than two hours.
Place food into containers and immediately put them in the refrigerator or freezer.
The state government relies on revenue from
a.) interest from savings accounts
b.) sales taxes and property taxes
c.) income taxes and sales taxes
d.) property taxes
Answer:
C. Income taxes and Sales taxes
Explanation:
The basic source of income for state government among others includes income tax (payee) and sales tax.
For individuals, income is most often received in the form of wages or salary, and this is administered by the state board of internal revenue.
A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax.
What is the definition of a retirement saving plan offered by a corporation to its employee
Answer:
Pension plans
Explanation:
A pension plan is a retirement benefit enjoyed by state and corporate employees. In the pension plan, the employer, the employee, or both make contributions to the employee's pension account monthly. An independent entity, a retirement benefits specialist, holds the funds contributed as pension. The funds are invested, and the proceeds used to pay retired employees based on the type of pension plan.
Contributions to the pension plans are made when the employee is in employment. Benefits will be enjoyed when the employees retire. Pension plans are of two types, the defined-contribution pension plan, and the defined-benefit pension plan.
What’s the answer cuh
Answer:
D
Explanation:
i took the paper test
Answer:
the answer is d cuh wait no cama cuh
Explanation:
100 POINTS!! Piper wants to be either a ghostwriter or a realtor when she is an adult. She needs help deciding which career is best for her. Please follow these instructions to answer this question. (You look up information on these careers)
For BOTH careers, please write:
1. The average salary
2. The skills you need to acquire to successfully carry out the career
3. The average work hours for this career
Answer:
a. Realtor: a realtor is a person charged with the responsibility of assisting customers and clients in the buying and selling of property.
b. Ghostwriter: a ghostwriter is someone hired to write literature or journalistic material.
Explanation:
a. Realtor
A realtor is a person charged with the responsibility of assisting customers and clients in the buying and selling of property. They act as middle men connecting the sellers to the buyers. Realtors have to have a state license and also be members of the National Association of Realtors (NAR).
The salary of a realtor depends on various aspects. In most cases, it varies from state to state depending on the demand and prevailing economic factors. States with a huge population in the urban areas tend to have higher demand for property and thus the realtors have higher salaries compared to lowly populated areas. The average salary for a Realtor in the United States in general is $81,338 a year.
For one to be a realtor, there are various skills they need to acquire, these are;
1. Good communication skills
2. Good organization skills
3. Trustworthy and ethical
4. Self motivation and persistence
5. Passionate about the career
In the United states, the standard work hours for most realtors is 40 hours a week, however in some states the work hours tend to be higher due to higher levels of demand.
b. Ghostwriter
A ghostwriter is someone hired to write literature or journalistic material. The ghostwriter is never credited for his/her work since the credit goes to the person or group that hired the ghostwriter. Ghost writer salary depends on the type material that is written and the complexity of the written work, however, in the United states, the average salary for a ghostwriter is $64,533 a year.
The skills needed to be a good ghostwriter are;
1. Good researching skills
2. Flexible and creative
3. Good writing skills
4. Good organization skills
Ghostwriting working hours is always flexible since most ghostwriters work at the comfort of their homes, however the average work hours for a ghostwriter is 40 hours a week.
If a marginal analysis concludes that the productivity of a firm is at its optimal output, what would the firm have to do to increase revenue?
A) lay off workers
B) increase the price of the product
C) decrease the supply of the product
D) use materials of higher quality to make the product
Answer:
B) increase the price of the product
Explanation:
The term marginal means the gain or loss resulting from unit produced or labor. Marginal analysis is the process of evaluating the additional revenue resulting from the sale of one more unit in comparison to the extra expense incurred in the production of the good or service. The optimal output is a level of production where marginal revenue matches the marginal cost.
For a firm to make profits, marginal revenue must exceed marginal cost. At the optimal level, increased production does not result in profits. To make the firm profitable, the firm has to either increase marginal revenue or decrease marginal cost. From the options available, an increase in selling price will increase marginal revenue which will result in profits
Answer:
B Increase the price of the product
Explanation: