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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

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Which of the following will cause an increase in Supply for the Short-Run Macroeconomic model?
Len [333]

Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.

<h3>How supply can be increased in the short run?</h3>

In the marketplace model, supply slopes up due to the profit purpose of individual firms. If a corporation receives a better price, they'll make a higher profit via way of means of selling more, so the quantity supplied will increase while the price will increase.

Therefore, Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.

Learn more about short-run supply here:

brainly.com/question/24260367

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5 0
1 year ago
amanda wants to become an industrial designer. she wants to learn this special skill from an expert in the industry by working f
Vlad [161]
The answer that comes to mind would immediately be
Certification
good luck
3 0
2 years ago
5-When a local auto repair shop sponsors a local softball​ team, it is using the​ _____ element of the promotional mix.
mote1985 [20]

When a local auto repair shop sponsors a local softball​ team, it is using the​ public relations element of the promotional mix.


Public relations allows a company to create a good image with the public through relations and organizations they work with for the public to see. When the local auto repair shop sponsors a local softball team, they are not only advertising their name, but people are recognizing them as a company that gives back. By being active in their community they are building public relations.

3 0
3 years ago
Suppose during a year an economy produces $10 trillion of consumer goods, $4 trillion of investment goods, $6 trillion in govern
Svetlanka [38]

Answer:

The correct answer is $19 trillion

Explanation:

Gross Domestic Product (GDP) is the total market or monetary value of all the goods and services produced by a country within its borders over a given period of time. It is used as a measure of a country's economic health, due to its broad coverage.

The formula for calculating GDP is: GD P  =  C  +  I  +  G  +  ( X  −  M )

where :

C = private consumption (consumer goods)

I = gross investments (investment goods)

G = government investments or government spending (govt. services)

X = export

M = import

Therefore:

GDP (in trillion) = 10 + 4 + 6 + (4 - 6) = 10 + 10 - 1 = $19 trillion dollars.

Please note that there is the nominal GDP and real GDP.

Nominal GDP is the total value of all the final goods and services a country produces within a year, while real GDP is the value of the goods and services produced within a year, putting inflation effects into account.

5 0
2 years ago
Gabriel applies for a home loan and, mark signs the agreement promising to pay off the debt in case gabriel fails to do so. in t
Gemiola [76]
The answer is letter a, cosigner. Mark is a cosigner is someone who is in charged of the other person's debt when that person he's in signed with wasn't able to meet the requirements or fail to pay or comply. That is why Mark is considered to be a cosigner of Gabriel if Gabriel fails to comply to pay the loan and Mark is in charged to settle it if Gabriel fails to do so.
6 0
3 years ago
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