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dlinn [17]
1 year ago
14

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

Business
1 answer:
NeTakaya1 year 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

#SPJ1

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That statement is true

Hospital and health insurance is not a government requirement , which is why companies are not obligated to give it to their employers. In general, only large companies had enough money to provide their workers with hospital and health insurance, while Companies often cut out hospital and health insurance in order to increase their net profit.

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a) Increase asset (Cash): Increase equity (Service Revenue) - GUIDE

b) Decrease equity (Salaries): Decrease asset (Cash)

c) Increase asset (Cash): Increase equity (Capital)

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According to the formula transactions must be recorded  as follows:

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<em>CREDIT:</em> Asset decreases, Liabilities increases, and Equity increase.

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A company produces 3 products that use labor and raw material. The labor usage, raw material usage, and profit per pound produce
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Answer:

sea 100% la materia prima disponible

si consume el 40% lo que le queda es 60%

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20% < > 57

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Explanation:

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At Qliktech, the company CEO, Lars Bjork, honors employees who demonstrate the company’s core values. Qliktech holds a summit ea
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extrinsic rewards

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An increase in a consumer's income Group of answer choices increases the slope of the consumer's budget line. has no effect on t
kramer

An increase in a consumer's income will increase the slope of the consumer's budget line.

<h3>What is a budget line?</h3>
  • The budget line sometimes referred to as the budget restriction, displays every combination of two commodities that a client is able to afford at the current market pricing and within their specific income range.
  • The budget line is a graphical representation of every combination of the two commodities that may be purchased using the given income and cost, with the price of each combination being equal to the customer's monetary earnings.
  • It's critical to remember that the slope of the budget line corresponds to the cost-to-volume ratio of two commodities.
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<h3>Increase in the slope of the budget line:</h3>
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Therefore, an increase in a consumer's income will increase the slope of the consumer's budget line.

Know more about the slope of the budget line here:

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