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
The town of Harmonia gives away all 500 tickets to its annual​ Founder's Day Free ConcertminusinminustheminusPark to local resid
Novosadov [1.4K]
sold 500 tickets therefore it is not economically efficient
4 0
3 years ago
Acme enterprises began the new year owing its suppliers $3,000 for merchandise purchased last year. Acme then sold half of this
Zanzabum

Answer:

$8500

Explanation:

Beg AP bal = 3000

Sold 1/2 of merch on acct = add 2500

Paid suppliers = subtract 1000

Bought more merch on acct = add 4000

3000 + 2500 - 1000 + 4000 = 8500

Ending AP bal = 8500

4 0
2 years ago
Marshall's &amp; Co. purchased a corner lot in Eglon City five years ago at a cost of $640,000. The lot was recently appraised a
Gala2k [10]

Answer:

$1,780,000

Explanation:

The computation of the initial cash flow for this building project is shown below:

= Estimated building cost + appraised cost of the lot

= $1,110,000 + $670,000

= $1,780,000

Simply we added the estimated building cost and the appraised cost of the lot so that the initial cash flow amount can come.

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
Disability income plans which require that the insurer can never change or alter premium rates are usually considered
malfutka [58]
<span>Disability income plans which require that the insurer can never change or alter premium rates are usually considered </span>noncancellable. 
Noncancellable means an insurance policy that can not be canceled as long as the customer makes their premium payments. They can not cancel or change the service agreement for any reason if payments are made. 
8 0
3 years ago
What message is this price tag telling shoppers? (other than it is on sale)
Nata [24]

Answer: it says that but you can try to let them give it to you for 7 if they say it's 9 just damage the box a little for a discount

Explanation:

4 0
2 years ago
Other questions:
  • Wonder Corporation declared a common stock dividend to all shareholders of record on September 30, 20X3. Shareholders will recei
    7·1 answer
  • Goodman Corporation has sales volumes of 3,000 units at $80 per unit. Variable costs are 35% of the sales price. If total fixed
    10·1 answer
  • The sarbanes oxley act was passed to
    6·1 answer
  • A medical researcher suggests that the new flu shot will prevent all forms of the flu, but it was never tested or proved to be t
    14·1 answer
  • The primary responsibility of the board of directors is to ___ . a. tell all the managers what to do b. oversee the affairs of t
    5·1 answer
  • Which of the following is not a need-based source of financial aid
    8·2 answers
  • Amy is the founder of a small IT firm that specializes in social networking applications. She meets weekly with the members of h
    6·1 answer
  • When it comes to saving money, what is a good rule of thumb
    12·2 answers
  • g Suppose a carton of hockey pucks sell in Canada for 105 Canadian dollars, and 1 Canadian dollar equals 0.71 U.S. dollars. If p
    5·1 answer
  • Iowa enacts a law that restricts certain kinds of advertising to protect consumers from being misled. This law would likely be h
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!