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
Arturiano [62]
1 year ago
9

If firms are earning zero economic profits, they must be producing at an output level at which Group of answer choices price equ

als marginal cost. price equals average total cost. price equals average variable cost. marginal revenue equals marginal cost.
Business
1 answer:
Helen [10]1 year ago
8 0

The corporation makes no money if the price it receives forces it to produce at a level where average cost equals price, which happens at the minimum point of the AC curve.

<h3>What happens if there are no economic gains?</h3>

Normal profit is also referred to as "zero economic profit" since a business will be in a state of normal profit when its economic profit is equal to zero. When all resources are being used effectively and cannot be employed more effectively elsewhere, normal profit arises.

<h3>Why Do Competitor Companies Maintain Their Existence If They Make No Profit?</h3>

Total revenue less total costs = profit. All of the firm's opportunity expenses are included in the total cost. In the zero-profit equilibrium, the company's revenue covers the owners' time and financial outlays to maintain the operation.

learn more about firms are earning zero economic profits here

<u>brainly.com/question/14369137</u>

#SPJ4

You might be interested in
What is money used by a business for a certain venture or initiative
Dennis_Churaev [7]

A business will employ seed capital to fund a specific project or activity. It is the capital raised to start working on a new product or business idea.

<h3>What kind of capital is invested in a business?</h3>

The money a company has on hand to cover both its ongoing expenses and potential future expansion is known as capital. Working capital, debt, equity, and trade capital are the four main types of financial resources.

<h3>What kind of business venture capital is that?</h3>

Venture Capital (VC) is a term used to describe funding given by investors to start-up or small businesses that have a high potential for growth. A venture capital fund is a type of private equity funded by institutional and private investors, including investment banks, insurance providers, and pension funds.

To know more about seed capital visit:-

brainly.com/question/10110060

#SPJ1

7 0
1 year ago
Darren has borrowed $100$ clams from ethan at a $10\%$ simple daily interest. meanwhile, fergie has borrowed $150$ clams from ge
Oxana [17]

Answer:

20

Explanation:

start doing math

7 0
2 years ago
Suppose the countries of Iceland and Norway set up a free trade area, eliminating all trade barriers between themselves but main
geniusboy [140]

Answer:

Trade Bloc

Explanation:

Trade Bloc is a type of agreement between two sovereign nations in which barriers to trade are either reduced or totally eliminated between the two nations. This type of agreement can either be one agreement between several nations or a part of a regional organization.

So, the example of Iceland and Norway is an example of a trade bloc.

8 0
3 years ago
Phillip is a senior journalist at a news agency. He goes on a temporary leave for six months and travels around different parts
Gelneren [198K]

Answer:

Sabbatical

Explanation:

a period of paid leave granted to a university teacher or other worker for study or travel, traditionally one year for every seven years worked.

8 0
3 years ago
What is State Farm's Promise of Customer Satisfaction on recycled sheet metal?
MakcuM [25]

The State Farm's Promise of Customer Satisfaction on recycled sheet metal is for at least as long as the OEM would have warranted its new replacement part. Thus 2nd option is correct.

<h3>What is Customer satisfaction?</h3>

Customer Satisfaction refers to the fulfillment of the needs and the desire of the customer by making the product as per there requirement. It is the measurement of the how much the customer is satisfied with the product.

In the above case, the State Farm provides the services to the customer by selling the metal sheets. They had promised the customer for providing the original equipment manufactured to be replaced with the new till the life span of the metal sheets.

Thus the correct option is 2nd.

Learn more about the Customer satisfaction here:

brainly.com/question/15298944

#SPJ1

3 0
2 years ago
Other questions:
  • Bonnie and james are retired. they wish to continue to invest in their portfolio and are seeking income instead of growth. which
    11·1 answer
  • The correct order to present current assets is ___________.
    7·1 answer
  • he following information is provided for crashing analysis. Task NT CT Normal cost Crash cost Imm. Pred. A 8 6 1400 1600 -- B 5
    8·1 answer
  • ________ is the extortion of income or resources of property holders by public officials such as politicians and government bure
    14·1 answer
  • Lillian Stintson works for a global women's rights organization. In the past few months, she has traveled across the globe for t
    5·1 answer
  • The following data were taken from the balance sheet accounts of Masefield Corporation on December 31, 2019.
    12·1 answer
  • At the end of its first year, the trial balance of Nygaard Company shows Equipment 532,900 and zero balances in Accumulated Depr
    5·1 answer
  • 1.Have you or someone you know worked somewhere where the culture was strong? What was your reaction to that strong culture? Did
    5·1 answer
  • Demand-pull inflation occurs when
    5·2 answers
  • In a print advertisement, items used to identify the sponsor of the ad, such as the company logo or usp, are referred to as.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!