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Marina CMI [18]
2 years ago
15

the graph to the right depicts the per unit cost curves and demand curve facing a shirt manufacturer in a competitive industry

Business
1 answer:
ladessa [460]2 years ago
4 0

Firms will continue to join this market until the industry as a whole begins to make a typical economic profit. To encourage new enterprises to enter the market, short-term profits motivate them to do so. In the long run, businesses will produce a normal or even negative economic profit.

<h3>What is a competitive industry?</h3>

Companies may join and depart the market easily in a competitive sector since there are minimal barriers to entry.

Generally, the equation for Profit per unit  is  mathematically given as

P= Price - ATC

Therefore

P= $7.49 - $6.63

P= $0.86

In conclusion, Profits in the short term encourage new businesses to join the market. Firms will make a typical or even negative economic profit in the long term.

Read more about the competitive industry

brainly.com/question/27286765

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lakkis [162]

Answer:

Employers will look to see which workers are applying themselves. They want workers who are flexible, have good attitudes, are loyal to their company, practice good judgement, and are unselfish. Workers who go out and do work that is not formally assigned to them and expand the scope of their responsibilities are rewarded with promotions. Workers who maintain extensive professional networks and learn new skills are also prime candidates for promotion.

Answer from the person who asked the question.

4 0
3 years ago
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kicyunya [14]

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7 0
3 years ago
Your older and wiser sibling has offered to loan you some much needed money to help cover textbook expenses this semester. Since
masya89 [10]

Answer:

80 years

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Data provided in the question:

Simple interest rate charged = 1.25% = 0.0125

Now,

Let principal amount be '$x'

we know,  Simple interest = Principal × Interest Rate × Time

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or

1 = 0.0125 × Time

or

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3 years ago
Cups of coffee and donuts are complementary. Both have inelastic demand. A hurricane destroys half of the coffee bean crop. Use
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Explanation:

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