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Kryger [21]
2 years ago
12

In the short run, a purely competitive seller will shut down if Multiple Choice it cannot produce at an economic profit. there i

s no point at which marginal revenue and marginal cost are equal. price is less than average fixed cost at all outputs. price is less than average variable cost at all outputs.
Business
1 answer:
VladimirAG [237]2 years ago
3 0

<u>D)</u><u> price is less than the average </u><u>variable cost</u><u> at all outputs.</u>

<u />

<h3><u>What is a purely competitive seller?</u></h3>

A purely competitive seller is a price taker. A purely competitive seller has no control over the price at which he sells, his average marginal revenue schedule is infinitely elastic.

<u>What Is a Price-Taker?</u>

A company or person who must accept market prices because it lacks the market share to do it on its own is known as a price-taker. In a market with perfect competition, or one in which all businesses sell the same good, there are no barriers to entry or departure, each business has a little market share, and all consumers are fully informed about the market, all economic actors are regarded as price takers. This is valid for sellers and purchasers in the debt and stock markets as well as producers and consumers of goods and services.

Learn more about price takers with the help of the given link:

brainly.com/question/13806356

#SPJ4

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Ceteris paribus, if the corn crop is 15 percent larger this year than it was last year, farmers will have to ________ the price
Yuki888 [10]

Answer:

Reduce and  more than 15 percent

Explanation:

As Inelastic Demand state that the percentage change in quantity demanded is less than the percentage change in price. Therefore, if the crop is 15 percent higher, farmers will have to reduce the cost of corn by 15 percent to sell the new crop. We know that supply and price share an inverse relationship to reduce sales as supply increases and new crops grow.

7 0
4 years ago
Zona pharmaceuticals is a global pharmaceutical firm based out of Texas. It employs 3200 people who work all over the United Sta
Mashcka [7]

Answer: Define metrics to assess project progress and identify project-related risks

Explanation:

If Zona Pharmaceuticals decide to implement an enterprise resource planning management system in order to support product innovation and also to reduce the time to market a set of new products, the best way to avoid a failed enterprise system implementation is to define metrics in order to assess project progress and also identify project-related risks.

By defining metrics, this will show the progress of the project as the firm can see if the project is going according to plan and hasn't deviated from the goal. It is also vital to check any project related risks.

7 0
3 years ago
The CEO of Ridgeway, Inc., realizes that the company’s survival depends on developing and acquiringknowledge. Which of the follo
aleksandr82 [10.1K]

Answer:

The correct answer is B

Explanation:

When the company want that their employees, need to have the knowledge and develop their knowledge as well, they need to arrange or conduct the program of the training as well as programs of the recruiting.

As the CEO, realizes and states that the firm or the business survival grounded on the acquiring as well as the developing the knowledge. So, in order to follow what the CEO said, one must go through the proper training as well as the programs of the recruiting.

7 0
3 years ago
Lucy will open a checking account and 3 savings accounts for different purposes (emergency fund, gift fund, and education fund).
Bess [88]

The item that should not be among Lucy's main considerations in selecting these accounts are that the account recommended for somebody with different needs.

<h3 /><h3>What is checking account?</h3>

A transaction account is a deposit account kept at a bank or other financial institution. It is also known as a checking account, checking account, current account, request deposit account, or shared draft account at credit unions.

In the above situation, Lucy will have to pay the amount of interest to be on deposits, and eligible to any advantages of having all the accounts at the same bank.

Lucy will also bear the fees for having multiple savings accounts, as having a multiple accounts increases the fees of all the accounts.

The account cannot be opened for the need of somebody, it is opened for the banking transactions and for depositing the money.

Therefore, option A is correct.

Learn more about the checking account, refer to:

brainly.com/question/20984186

8 0
3 years ago
Caramel Corporation has 5,000 shares stock outstanding. In a qualifying stock redemption, Caramel distributes $145,000 in exhang
bazaltina [42]

Answer:

In other words,this redemption transaction results in $60000 charge to e&p and $85000 reduction of Caramel's paid capital account

Explanation:

E&P in relation to redemption is =total e&p/total shares*shares redeemed

E&P in relation to redemption is =$300000/5000shares*1000shares

E&P in relation to redemption is =$60000

The reduction in Caramel's paid-in-capital is $85000 ($145000-$60000)

4 0
3 years ago
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