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Anni [7]
2 years ago
12

.A monopolistically competitive firm is operating at a short-run level of output where price is $30, average total cost is $27,

marginal cost is $20, and marginal revenue is $25. In the short run this firm should
Business
1 answer:
Neko [114]2 years ago
5 0

Based on the marginal cost and the marginal revenue to this monopolistically competitive firm, in the short run the firm should increase the level of output.

<h3>Why should the firm increase output?</h3>

Firms will maximize their profit if they produce at a point where marginal cost equals marginal revenue.

As the marginal revenue is $25 and the marginal cost is $20, the firm should increase output until both these things are the same.

Find out more on maximizing profit at brainly.com/question/13799721.

#SPJ1

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If the number of employed workers equals 200 million and the number of unemployed workers equals 20 million, the unemployment ra
fenix001 [56]

If the number of employed workers equals 200 million and the number of unemployed workers equals 20 million, the unemployment rate equals 9%.

<h3>What is the unemployment rate?</h3>

The unemployment rate is the percentage of the labour force that is unemployed.

The unemployment rate = (number of unemployed people / total labour force) x 100

Total labour force = 200 million + 20 million = 220 million

(20 / 220) x 100 = 9%

To learn more about unemployment, please check: brainly.com/question/10940465

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5 0
2 years ago
A benefit of earning a salary instead of an hourly wage is
SCORPION-xisa [38]

B

Explanation:

An hourly wage is unfixed and can change depending on your ability but a salary doesn't change and ensures a continuous income

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3 years ago
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8 0
3 years ago
Dorrance, the coach of the UNC women’s soccer team, has an eye for recruiting outstanding talent. In business language, this is
My name is Ann [436]

Answer: Selective hiring

Explanation: In the selective hiring process the managers of an organisation sets a criteria for the job available. While recruiting the managers sticks to the criteria strictly and only those employees are hired who fits that particular criteria.

In the given case, Dorrance wants to recruit someone with excellent skills in soccer, thus we can conclude that she is doing selective hiring.

5 0
3 years ago
The case mentions that deutsche telekom has invested heavily in huawei’s services because it came at a competitive price. Based
Flura [38]

As the deutsche telekom has invested heavily in huawei’s services because it came at a competitive price and based on what you know about how companies expand internationally, this would be an example of an <u>outsourcing</u>.

<h3>What is an outsourcing?</h3>

This refers to the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff. Most time, it is a business practice that are usually is undertaken by companies as a cost-cutting measure, thus, it can affect a wide range of jobs from customer support to manufacturing to the back office.

Therefore, this scenario given would be an example of an <u>outsourcing</u>.

Read more about outsourcing

brainly.com/question/4456416

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4 0
1 year ago
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