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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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3 years ago
Suppose the owners of Lopes and HomeMax meet for a friendly game of golf one afternoon and happen to discuss a strategy to optim
Amiraneli [1.4K]

Answer:

c. $2.0 million for Lopes and by $2.5 million for HomeMax.

Explanation:

For the problem above, the two organizations agreed to work on a particular project because they believed that they will benefit from the outcome of the project. Based on the available information provided in the question, the profit that Lopes will make yearly will increase by $2.0 million while that of HomeMax will increase by $2.5 million.

3 0
3 years ago
To the extent that employers conduct a social media background check on job candidates, best practices are all of the following
Grace [21]

Answer:

Limit access to private information by friending someone

Explanation:

When conducting recruitment of an individual employers sometimes do background checks on the person's social media information.

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8 0
3 years ago
HELP ASAP Many employees quit working for Burger Bliss after six months, and the
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Answer:

D. The company tells employees that their work matters.

Explanation:

Every employer desires to attract and retain the best workers.  Employees are more likely to stay in an organization for longer if they feel appreciated. Other than monetary compensation, employees feel motivated to work when their efforts and contributions are recognized.

Burger Bliss should let their employees feel important. They should communicate to employees both in words and actions how much the company values their input.

8 0
3 years ago
Early in 2022, Stevenson Incorporated switched to a JIT (just-in-time) inventory system. Financial information for the two most
gregori [183]

Answer:

3.8 times

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Inventory turnover indicates how many times a company sells and replaces its stock of goods during a particular period. The formula for inventory turnover ratio is the cost of goods sold divided by the average inventory for the same period.

$ 320,000 / 63,000 = 5.1 times in 2022

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Therefore inventory turnover increase as a result of the switch to the JIT system by 8.9 times - 5.1 times = 3.8 times

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3 years ago
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