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andreev551 [17]
4 years ago
14

Profits encourage entry into purely competitive industries and losses encourage exit from purely competitive industries because

Business
1 answer:
inn [45]4 years ago
8 0

<u>Answer:</u>

<em>C) When profits are zero, the firm is earning sufficient revenue to cover the opportunity cost. </em>

<em></em>

<u>Explanation:</u>

When benefits are zero, the firm is gaining adequate income to cater for the open door expense. Misfortunes bring about exit and discharge assets to stream to business sectors where there are benefits. Minimal income and negligible expenses are equivalent; some other yield levels will bring about decreased interest.  

Since quite a while ago running a focused balance, a firm is winning zero financial benefits as they won't keep on delivering because it could procure a superior return in another industry. Keep on creating because such interest relates to negative bookkeeping benefits.

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When microwaves were new, they often cost over $300, were huge, and had numerous settings and options. Brenda and Garth waited,
vaieri [72.5K]

Answer:

Late majority

Explanation:

Diffusion of innovation is the theory which is explain or seeks to explain why, what and how the rate new ideas as well as the technology spread.

This theory states the 4 main elements which influence the new idea spread, and that are social system, innovation itself, time and communication channels.

The late majority group is the kind of group that is skeptical in nature, as these groups adopt the new ideas after the average member of the social system. So, the B and G were part of late majority as they purchased the microwave when the price decline.

8 0
4 years ago
The short-run aggregate supply curve has a(n) ________ slope because as prices of ________ rise, prices of ________ rise more sl
madreJ [45]

According to macroeconomic principle, the short-run aggregate supply curve has a <u>Positive</u> slope because as prices of <u>final goods and services</u> rise, prices of <u>inputs</u> rise more slowly.

This is based on the idea that the <u>short-run aggregate supply</u> curve shifts by changes in price level and production.

Thus, the Short-run aggregate supply curve is represented as Y = Y* + α(P-Pe).

  • Here, Y => the production of the economy;

  • Y* => the natural level of production, and the coefficient is positive;

  • P => the price level;

  • Pe => the expected price level.

Hence, in this case, it is concluded that the short-run aggregate supply curve is a significant detail to be noted in the economic analysis of business production.

Learn more here: brainly.com/question/17328500

8 0
3 years ago
Bill Converse of Rexburg, Idaho, recently had his truck slide off a gravel road and strike a tree. Bill's vehicle suffered $17,2
algol13

Answer:

17400

Explanation:

Bill will be reimbursed $17,400; $17,600 minus the $200 deductible.

4 0
3 years ago
When is it not necessary to build a new market supply schedule?
AVprozaik [17]
The question is asking to states when is it not necessary to build a new market supply schedule and base on my research and further understanding, I would say that the answer would be when there's no demand or when there's a huge surplus. I hope you are satisfied with my answer and feel free to ask for more 
7 0
4 years ago
BLW Corporation is considering the terms to be set on the options it plans to issue to its executives. Which of the following ac
barxatty [35]

Answer:

Option A

Explanation:

Exercise price is the base price at which a share can be sold and is called the strike price of an option, increase in exercise price would reduce its market value because the value is the difference between it exercise price and market price.

3 0
4 years ago
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