1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
slava [35]
2 years ago
10

What output quantity will the monopolistically competitive firm produce to maximize profits?

Business
1 answer:
saveliy_v [14]2 years ago
4 0

The output quantity which the monopolistically competitive firm produce to maximize profits is when, "the marginal cost equals the marginal revenue."

In the monopolistically competitive firm, a monopolist can determine its profit-maximizing price and quantity by analyzing the marginal revenue and marginal costs of producing an extra unit. If the marginal revenue exceeds the marginal cost, then the firm should produce the extra unit.

The profit-maximizing quantity is the one at which the marginal revenue of the last unit was exactly equal to the marginal cost. Thus, producing any more or less would decrease profits.

Hence, the monopolistically competitive firm produce output quantity when the marginal cost equals the marginal revenue.

To learn more about the marginal cost and marginal revenue here:

brainly.com/question/14156745

#SPJ4

You might be interested in
In 2006, Gap Inc. ended their relationship with 23 production facilities due to code violations. Several closings occurred becau
kogti [31]

Answer: Social responsibility.

Explanation: The action portrayed by Gap Inc. demonstrates an expemplary attitude worthy of emulation which nails down the principle of social responsibility by organizations. This principle looks beyond the profits and revenue generated by the company but also aims to play it's role and ensure that it's actions does not violate or degrade social ethics. The closure of some facilities due to human right violation and subsequent enforcement of compliance with the code and conduct is a strict signal towards the company's strict stance at supporting and enforcing social responsibility.

6 0
3 years ago
Define quality assurance?
dangina [55]

Answer:

QA (Quality Assurance) is the method which prevents or protect the mistakes and the defects in the products which are manufactured and avoid the problem when the product or service is delivered to the customer.

Explanation:

Quality Assurance is the fragment or part of the quality management which aim on offering confidence to an individual that the quality requirements is accomplished.

The quality assurance will be used as: Execution of structured and inspection testing as a quality assurance measure.

It involves the activities of the procedural and administrative and that is executed in the quality system so that the requirements and objectives for a product or service will be accomplished.

It is the process in which the systematic measurement, monitoring the processes and comparison with a standard,  and linked the feedback loop which confers the error prevention.

6 0
3 years ago
Read 2 more answers
The most crucial test used to determine if something is a fixture is the manner in which it is affixed to the real estate.A. Tru
bazaltina [42]

Answer:

A.True

Explanation:

A fixture refers to something which is fixed or attached to a property such as a building built on a piece of land shall be construed as a fixture with respect to the land.

To determine as to what shall be considered a fixture relates to the purpose for which something is attached to the asset.

The "manner" of attachment refers to if the attachment is of permanently or temporarily fixed. If something is permanently fixed and requires specific tools for it's removal, such an attachment is usually considered a fixture.

Hence the given statement is true.

5 0
3 years ago
An automobile manufacturing company has developed an electric car that uses sunlight to charge itself during movement. In the co
kaheart [24]

Answer:

c. technological

Explanation:

General environment of an organization refers to those facets of the environment which are not specific to just one organization but applicable to all, which affect an organization such as political factors, technological factors, economic factors, legal factors and cultural factors.

For example, political factors would relate to change in the political structure in which the organization operates. Legal factors would be change in laws and law amendments applicable to an organization.

Technological factors refer to changes in technology or technological advancements. Any invention would be categorized as a technological development as such aspects did not exist before.

Thus, this is a case of technological development.

6 0
4 years ago
Taxable income of a corporation is based on generally accepted accounting principles. is reported on the corporation's income st
zheka24 [161]

Answer:

differs from accounting income because companies use the full accrual method for financial reporting but use the modified cash basis for tax reporting.

Explanation:

Corporation is simply a legal entity that existed through either federal or provincial legislation.It includes partnerships, joint stock companies, joint accounts, associations, insurance companies and others.

Taxable income is the amount on which the tax will be put together. They are imcome on which tax must be paid. Taxable income of Corporation includes taxed on earnings, dividends distributed to shareholders are also taxed to the shareholders and it creates double taxation.

4 0
3 years ago
Other questions:
  • Researchers found that happiness predicted bigger increases in income, while higher income did not predict increases in happines
    6·1 answer
  • Q has an ordinary straight whole life insurance policy for $100,000. Due to a change in circumstances, Q finds that there is now
    6·1 answer
  • What kind of table lists the quantity of a good that a person will buy at different prices?
    15·1 answer
  • George hit his neighbors bike while backing his vehicle out and caused $200 worth of damage. The insurance company paid $100 of
    15·2 answers
  • Countries with democratic regimes, market-based economic policies, and strong protection of property rights are more likely to a
    9·1 answer
  • Fargus Corporation owned 55% of the voting common stock of Sanatee, Inc. The parent's interest was acquired several years ago on
    9·1 answer
  • During the current year, Sam received interest income from the following investments: $400 from State of Wyoming bonds, $200 fro
    11·2 answers
  • If the CPI was 72.6 in 1979 and 144.5 in 1993, by what percentage did prices rise during the period 1979-1999?
    15·1 answer
  • You are thinking of purchasing a house. The house costs $ 350 comma 000. You have $ 50 comma 000 in cash that you can use as a d
    11·1 answer
  • Which feature is a characteristic of secure access? select one: accounting deception environment simulation compliance
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!