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Ket [755]
2 years ago
12

A competitive firm maximizes profit by choosing the quantity at which.

Business
1 answer:
photoshop1234 [79]2 years ago
7 0

Profit maximization can be achieved by a competitive corporation by choosing a quantity of output such that marginal revenue equals marginal cost.

<h3>How does a corporation maximize its profit?</h3>

A corporation maximizes income via way of means of operating wherein marginal revenue equals marginal price. The corporation chooses quantity in order for that rate to equal marginal value so that it can maximize its profit.

Therefore, When the marginal revenue for an aggressive corporation equals the market rate, the firm maximizes its profit.

learn more about profit maximization here:

brainly.com/question/4171648

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Which of the following statements is correct?
kherson [118]

Answer:

c. There is an "opportunity cost" associated with using reinvested earnings, hence they are not "free."

Explanation:

When the reinvested earnings are invested that is basically the earnings associated with reinvestment would earn the same like that earned by the investment if not withdrawn and invested.

Let us say for example: Amount invested = $1,000

Return on such investment = $100

Now if such earnings are also reinvested then

Earnings = $110

Now if this $110 is used rather than investing again, then there is the opportunity cost of earning $11 on such reinvestment.

Thus, statement c is correct.

8 0
3 years ago
HURRY HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LenaWriter [7]
It's absolutely True !!
8 0
3 years ago
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Help me please ❤️ question says <br><br>what is quarts and gallons?Convert 5 quarts to gallons.​
vladimir2022 [97]

Answer: See explanation

Explanation:

The quart is the same as one quarter of a gallon and it is used for measuring liquid. The gallon is also a unit of measurement for liquid as well.

In converting 5 quarts to gallons, we should note that:

1 quart = 1/4 gallon

5 quarts = 1/4 × 5 = 1.25 gallon

7 0
3 years ago
Which type of market is the one in which a person buys their favorite breakfast sandwich at a fast-food drive thru? product mark
pogonyaev

The type of market is the one in which a person buys stock in type fast food company is Financial market.

What is Financial market?

Any location or system that gives buyers and sellers thew ability to trade financial assets such as bonds, shares, the various international currencies, and derivatives , is referred to as a financial market.

Why is financial market important?

  • Markets provide finance for companies so they can hire, invest and grow.
  • They provide money for the government to help it pay for new roads, schools and hospitals.
  • They can help lower the costs you face buying food at the super market, taking out a mortgage or saving for your retirement.

Learn more about financial market here:

brainly.com/question/19733618

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4 0
2 years ago
How much do community college professors get paid?
AfilCa [17]
 a college professor gets paid 72,000 a year
4 0
3 years ago
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