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musickatia [10]
2 years ago
14

In perfect competition, firms will be able to earn economic profits in: Select an answer and submit. For keyboard navigation, us

e the up/down arrow keys to select an answer. a the short run, only. b the long run, only. c the short and in the long runs. d neither the short or in the long runs.
Business
1 answer:
yawa3891 [41]2 years ago
6 0

In perfect competition, firms will be able to earn economic profits in the short run.

<h3>What is perfect competition?</h3>

A perfect competition is characterized by many buyers and sellers of homogenous goods and services.

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

To learn more about perfect competition, please check: brainly.com/question/17110476s

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Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. Management also believes tha
gladu [14]

Answer:

1. The expected cost of production for each tire sold is $0.013 per tire.

2. Probability that Grear will refund more than $50 for a tire is 0.0107

Explanation;

1. Mileage is 36,500 miles

Standard deviation is 5,000 miles

Observed miles is 30,000 miles

100 miles failed at $1

Therefore;

(36,500 - 30,000) /5,000 = 1.3

To get the cost of production,

Since 100 miles equals $1 if fail

1.3 × 1 / 100

= $0.013 per tire.

2. P(Z<25,000 - 36,500/5,000)

= P(Z<-11,500/5,000)

=Z<2.3

Therefore,

1-0.9893

=0.0107

The probability that Grear will refund more than $50 for a tire is 0.0107

3 0
3 years ago
PLEASE HELP ASAP!!!
vredina [299]

The answer could be any of these. This is not a fair question.

I believe that question is trying to get you to lean towards answer C because theoretically your family would know your character better than a bank might.

4 0
3 years ago
Diane Manufacturing Company is considering investing $600,000 in new equipment with an estimated useful life of 10 years and no
agasfer [191]

Answer:

Annual estimated net income is $360,00.

Annual estimated net cash inflow is $216,000.

Explanation:

1. Determine the annual estimated net income

Annual estimated net income = Annual cash inflows - Annual cash outflow

Annual estimated net income = $600,000 - $240,000 = $360,00

2. Determine the annual estimated net cash inflow

Annual Tax = Annual estimated net income × Tax rate

Annual Tax = $360,00 × 40% = $144,000.  

Annual estimated net cash inflow = Annual estimated net income - Annual Tax

Annual estimated net cash inflow = $360,00 - $144,000 = $216,000.

Note that depreciation is not considered in the calculation because depreciation not a cash expense.

8 0
3 years ago
Read 2 more answers
Why is cooperative a value lead and value based organization? <br><br>I need the anwers right now. ​
Marta_Voda [28]

Answer:

Co-operatives throughout the world share a set of values that give them their distinctive character.

Self-help

In co-operatives, people help each other whilst helping themselves by working together for mutual benefit.

Self-responsibility

Individuals within co-operatives act responsibly and play a full part in the organisation.

Democracy

A co-operative will be structured so that members have control over the organisation – one member, one vote.

Equality

Each member will have equal rights and benefits (according to their contribution).

Equity

Members will be treated justly and fairly.

Solidarity

Members will support each other and other co-operatives.

4 0
2 years ago
​Jupiter, Inc. signed a oneminusyear $ 42 comma 000 note payable at 8​% interest on April​ 1, 2016. If​ Jupiter, Inc. only adjus
9966 [12]

Answer:

The accrued interest is $2,520

Explanation:

The computation of accrued interest is shown below:

= (Notes payable amount) × (interest rate) × (number of months ÷ total number of months in a year)

= ($42,000) × (8%) × (9 months ÷ 12 months)

= $2,520

The 9 months is computed from April 1, 2016, to December​ 31, 2016 . Moreover, all the item values are to be considered in the computation part.

5 0
3 years ago
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