Claude's Copper Clappers Sells Clappers for $60 Each in a Perfectly

question 185

Multiple Choice

Claude's Copper Clappers sells clappers for $60 each in a perfectly competitive market.At its present level of output,Claude's marginal cost is $65,average variable cost is $25,and average total cost is $62.To improve his profit or loss situation,Claude should _____

• A)increase output.
• B)reduce output but not to zero.
• C)continue to produce the present level of output.
• D)shut down.
• E)raise the price.

Comprehend the role of firm strategy and environmental scanning in acquiring necessary KSAOs for organizational success.

Understand the preparatory steps and areas of focus for effective HR forecasting.

Grasp the concepts of HR surplus, gaps, and the value of different types of human capital.

Understand the relationship between HR forecasting, human capital stocks and flows, and competitive advantage.

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Definitions:

Support Department Allocations

The method of distributing the costs of support departments to producing or other service departments that benefit from the activities of the support departments.

Profit Center

A division or branch of a company that is treated as a separate unit for the purpose of assessing its profitability.

Support Department Allocations

The process of distributing indirect costs from support departments to producing departments based on relevant allocation bases.

Operating Income

Operating income is the amount of profit realized from a business's operations after deducting operating expenses such as wages, depreciation, and cost of goods sold.