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irina [24]
1 year ago
5

a. The equality of MR and MC is essential for profit maximization in all market structures because if

Business
1 answer:
ozzi1 year ago
3 0

The equality of MR and MC is essential for profit maximization in all market structures because if MR and MC are equal, any other output level will result in reduced profits.

<h3>What is profit maximization?</h3>

This is when a firm or an organization is able to make profit from its produced. Profit maximization is the traditional approach and the primary objective of financial management.

When profit is maximized there is a high revenue which can be used for business expansion. Profit maximization is the core goal of every business that can be cons. It implies that every decision relating to business is evaluated in the light of profit.

Learn more about profit maximization here: brainly.com/question/13464288

#SPJ1

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How are technology and technical profession related ? use example to write answer<br>​
dlinn [17]

Answer:

Technician and technologist are two different terms. However, these two terms are interrelated. ... A technician has a good knowledge of the general principles of the field he is in, whereas, a technologist is a person who is completely aware of various technologies. A technician works under a technologist.

8 0
2 years ago
Read 2 more answers
If Jeff's wage rate rises, he decides to work more hours. From this, we can infer that____________.
marshall27 [118]

Answer:

If Jeff's wage rate rises, he decides to work more hours. From this, we can infer that  for Jeff, the substitution effect is greater than the income effect - option C.

Explanation:

The substitution effect is stronger than the income effect in a case whereby  the supply of labor increases as the wage rate increases .

On the other hand, when the supply of labor decreases as the wage rate increases, then the income effect is stronger than the substitution effect.

With regards to the scenario given in the question - with an increase in the wage rate, Jeff has decided to work more hours.

Thus, in the given case, it can be inferred that for Jeff, the substitution effect is greater than the income effect.

Therefore, the correct answer is option C.

3 0
3 years ago
Define return( rate of return).​
elena-14-01-66 [18.8K]

Answer:

its returning the rate that was given out

i guess i jus gave it a try

6 0
2 years ago
Bayard organized, and owns and operates, Cypress Tours in the simplest form of business organization. This is
ratelena [41]

Bayard organized, owns, and operates, Cypress Tours in the simplest form of business organization. This is called sole proprietorship.

<h3>What is a sole proprietorship in business?</h3>

A sole proprietorship is a type of business is can be managed and operated by an individual, or a business corporation. There exist no partners in the business corporation.

Therefore, we can conclude that Bayard who owns and operates Cypress TOurs in the simplest form of the business organization runs a sole proprietorship business and not a partnership, franchise, or corporation.

Learn more about sole proprietorship here:

brainly.com/question/19176489

7 0
2 years ago
The common stock of tasty treats is valued at $10.80 a share. the company increases its dividend by 8 percent annually and expec
V125BC [204]
Hello! I believe the correct answer to your question would be r = 0.09852, or around 9.85%. Hope this helps, and have a great day :)
5 0
3 years ago
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