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valentinak56 [21]
2 years ago
15

In the ________, the perfectly competitive firm will react to profits by ________

Business
1 answer:
ElenaW [278]2 years ago
8 0

In the long run, perfectly competitive firms will react to profits by increasing production.

Firms in a perfectly competitive world earn zero profit in the long run. While firms can earn accounting profits in the long run, they cannot earn economic profits.

In the long run, perfectly competitive firms will react to profits by decreasing production. CORRECT: In the long run, perfectly competitive firms will respond to losses by exiting the market. In the long run, perfectly competitive firms will respond to losses by reducing production.

A perfectly competitive market achieves long‐run equilibrium when all firms are earning zero economic profits and when the number of firms in the market is not changing.

In the long run, profits and losses are eliminated because an infinite number of firms are producing infinitely divisible, homogeneous products. Firms experience no barriers to entry and all consumers have perfect information.

Learn more about a perfectly competitive firm here: brainly.com/question/25327136

#SPJ4

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According to your text, the practices that do most to promote employee engagement are opportunities for career progress, recogni
Amiraneli [1.4K]

Answer: Brand alignment

Explanation:

 The brand alignment is one of the simplest way of development the new products and the services and also makes the marketing strategies more effective in an organization.

According to the given text, the practices are basically promoting the different types of opportunities for the purpose of career progress and also the brand alignment.

The main importance of the brand alignment is that we can easily represent our company brand to the client and also provide the internal consistent in the market.    

 Therefore, Brand alignment is the correct answer.

7 0
3 years ago
Hans is one of the most skilled employees at Grand Time, which is a clock manufacturing company that preserves the traditional a
kow [346]

Answer:

B. fine manipulative movements

Explanation:

It is correct to say that Hans is an employee with skills in the area of ​​fine manipulative skills, which corresponds to the ability to control the realization of movements with the hands of offal, as in the manufacture of manual pendulum clocks, where it is necessary to manipulate small objects for the carrying out a job with a good finish and standardization. The ability of fine manipulative movements allows him stability when performing a job that requires attention, coordination and control over the hands.

8 0
3 years ago
What effects are Mary and Todd likely to face if they declare bankruptcy? Check all that apply.
ahrayia [7]

1, 4, and 5 just done the assignment and got it correct

8 0
3 years ago
Read 2 more answers
A small business invests $9,900 in equipment to produce a product. Each unit of the product costs $0.65 to produce and is sold f
Lelechka [254]

Answer:

To break even the company must sell

Explanation:

The position at which the company is at no profit and loss position then it is said that the company is at breakeven position.

Break-even position can be found from the following position:

Breakeven position = Fixed cost /  contribution per unit

The fixed cost here is initial investment which is $9900 and the contribution can be found by taking the difference between selling price per unit and variable cost per unit. The contribution per unit is $0.55 per unit ($1.2 - $0.65). By putting values in the above equation we have:

Breakeven position = $9900 / $0.55 per unit = 18000 Units

So 18000 units are required to sell to reach at a no profit no loss position.

3 0
3 years ago
Cost-volume-profit analysis is based on necessary assumptions. Which of the following is not one of these assumptions? Select on
ArbitrLikvidat [17]

Answer:

b. Relevant range includes all possible levels of activity that a company might experience.

Explanation:

In the cost-volume profit analysis, there are following assumptions which are described below:

1. There are two types of cost i.e variable cost and the fixed cost.

2. The sale mix remains same in case of multi product company

3. The volume of sales equals to volume of production

4. The cost is linear over the appropriate range i.e variable cost per unit and the fixed cost which remains same plus the selling price is also constant.

6 0
3 years ago
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