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Viefleur [7K]
1 year ago
9

T-Shirt Enterprises is selling in a purely competitive market. Its output is 300 units, which sell for $1 each. At this level of

output, marginal cost is $1 and average variable cost is $1.50. The firm should:
Business
1 answer:
FinnZ [79.3K]1 year ago
8 0

When the level of output, marginal cost is $1 and average variable cost is $1.50. The firm should "produce no output units".

<h3>What is purely competitive market?</h3>

Perfect competition refers to a fictitious market structure. If there is perfect competition, there are no monopolies.

The following characteristics of this kind of structure are crucial:

  • All enterprises sell the same product, which is a homogeneous or commodity good.
  • Every business is a price taker, meaning that they have no control over the market price for their goods.
  • Market share has no bearing on price adjustments.
  • The product being supplied and the pricing each business is seeking with in past, present, or future are all completely or perfectly known to buyers.
  • Resources such as labor and capital are totally movable.
  • There are no fees for businesses to enter or exit the market.

Each genuine market can be categorized as imperfect since they all occur beyond the level of the ideal competition model.

To know more about the purely competitive market, here

brainly.com/question/15176320

#SPJ4

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Monthly production costs in Pesavento Company for two levels of production are as follows:Cost .............................2,00
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Answer:

Variable Costs : Supervisory $5,000

Fixed Costs : Salaries $5,000

Mixed Cost : Maintenance $4,000

Explanation:

Variable Costs

These costs vary in direct proportion with the amount of production.

Examples : Materials and Labor

Fixed Costs

Theses costs do not vary with amount of production but stays the same in the relevant range.

Examples : Salaries of Mangers

Mixed Costs

These contain a variable cost element and a fixed cost element

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A​ person's ________​ is/are the unique combination of​ emotional, thought, and behavioral patterns that affect how he or she re
BigorU [14]

Answer:

<u>Personality</u>

Explanation:

The term "personality" conveys how a person or an individual's unique traits guide his/her reactions and actions in particular situation.

Each person is unique in the sense, no two individuals share exactly same thoughts or react in exactly same manner. Individuality refers to the uniqueness of ideas, thoughts and reactions which distinguish a person from another.

Personality of an individual gradually assumes shape over a period of time, being an outcome of the kind of people one associates with, tastes and preferences, addition of ideas, etc.

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3 years ago
A company uses return on investment (ROI) to measure the performance of its business units. The company manufactures and distrib
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The foreign exchange market is a market for converting the currency of one country into that of another country.
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Answer:

a. True

Explanation:

The foreign exchange market is a market for converting the currency of one country into that of another country.

For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.

Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.

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