A monopoly is producing output so that the average total cost is $30, marginal revenue is $40, and the price is $50.
If ATC is at its minimum level and the ATC curve is U-shaped, to maximize profits, this firm should:

A) shut down.
B) increase output.
C) reduce output.
D) do nothing, it is already maximizing profits.

Select the word from the list that best fits the definition sometimes

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is