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11 months ago

If the industry were perfectly competitive the quantity of output produced would be?

1 answer:

NeTakaya11 months ago

3 0

If the graph represented a perfectly competitive industry, then the quantity of output produced would be 160 units.

<h3 /><h3>What is the quantity produced in a perfectly competitive industry?</h3>

Companies in any industry would try to maximize their profit by producing at a point where marginal revenue is the same as marginal cost.

This is the same in perfectly competitive industries like the ones shown in the graph.

The difference is that, in a perfect competition market, the demand curve is the same as the price which is also the same as the marginal revenue curve.

This means that the point of maximizing profit in a perfectly competitive industry is:

P = MR = MC

The point where the Marginal revenue curve intersects with the Marginal cost curve is 160 units as the marginal revenue curve is the demand curve.

In conclusion, the output would be 160 units.

Find out more on maximizing production at brainly.com/question/24860119

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Answer:

Explanation:

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Price Earnings Ratio = $\frac{Market\ Price\ Per\ Share}{Earnings\ Per\ Share}$

A high price earnings ratio would lead investors to believe that the firm's stock prices are higher than it's earnings which means the stock prices are overvalued.

This further means, the market price of those stocks is greater than their fair value and it would be beneficial to investors to sell such stocks as it would result into a gain.

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2 years ago

All of the accounts of the Grass is Greener Company have been adjusted as of December 31, 2016, with the exception of income tax

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Answer:

The income before tax is $370450, the income tax is $111135 and the net income is $259315.

Explanation:

As the data table is not visible,online a similar question is found for which the data is attached here with.

From the given data

Service Revenue=$943,000

Interest Revenue=$127,1000

Total Revenue=Service Revenue+Interest Revenue=$1070100

Now The expenses are given as

Supplies Expense=$349,200

Repairs and Maintenance Expense =$258,300

Depreciation Expense=$60,350

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So the income before tax is given as

Income=Total Revenue-Total Expense

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So the income before tax is $370450.

Now the tax is estimated at 30% as given tax rate as

Tax=Rate*Income

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Tax=$111135

So the income tax is $111135.

Now the Net income is given as

Net Income=Income-Tax

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2 years ago

A country has been in existence for only two years.

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-1.0 million

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the debt issued in the second year is equal to the sum of the excess of revenues over outlays

in year 1, debt = $1.0 million - $1.5 million = $-0.5 million

In year 2, debt = $1.5 million - $2.0 million = $-0.5 million

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Stocks pay interest to investors through the year. Bonds only pay interest at fixed time during the year.

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