In perfect competition, firms will be able to earn economic profits in the short run.
<h3>What is perfect competition?</h3>
A perfect competition is characterized by many buyers and sellers of homogenous goods and services.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
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Answer:
Hilary was put on a new team by her manager. Ever since she shifted teams, Hilary has felt energized and motivated toward higher performance because her friends work on the same team. She and her friends work together to come up with creative ideas and solutions to problems. In the given scenario, Hilary's manager recognized that <u>social facilitation</u> was most likely to produce a positive work life change for Hilary.
Explanation:
Social facilitation is defined as enhacement in individual production when working with other people rather than alone. Compared to their performance when alone, when in the presence of others, they tend to perform better on simple or well-rehearsed tasks and worse on complex or new ones.
Don Meredith, who was an American football quarterback, was replaced during the 1974 pre-season by Fred Williamson who was an American Actor. Fred Williamson's nickname was "The Hammer".
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Answer:
correct option is $12,668
Explanation:
given data
net present value = $85,000
time = 10 year
rate of return = 8%
solution
we apply here formula for Present Value of annual additional cash flow that is
Present Value of annual additional cash flow = Annual cash flow × present value factor for an annuity ............................1
put here value
$85,000 = Annual cash flow × 6.71
Annual cash flow = $12,668
so here correct option is $12,668
Answer:
B. You made a profit of $75.00
Explanation:
shares x ( sale - buy)
20 shares x ( 35 & 1/4 - 31 & 1/2)
20 x (35.25-31.5)
20 x 3.75 = 75
The difference between purchase and sale price is positive, so eahc share yields a gain of $3.75
We multiply this by the amount of shares to determiante the gain
