Answer:
Increase quantity to where AC = MC = D=AR=MR
Explanation:
A perfectly competitive market is where there are many firms in the industry producing homogeneous products. There is ease of entry and exit into and out of the market. They are price takers and earn normal profits in the long-run. In order to maximize profits, a firm in a perfectly competitive industry should produce an the quantity where its average cost is equal to marginal cost when AR = MR = D. In other words, when the AC and MC curves intersect with AR = MR = D curve.
<em><u>Please refer diagram</u></em>
The firm is currently producing at a point where AC > MC at quantity 1000. In order to reach AC = MC, the firm has to increase its quantity to Qe. As it increases quantity, although marginal cost increases, average cost falls because now fixed costs are spread over a larger quantity of output.
At Qe, the three curves intersect and is the point where this firm can maximize its revenue (Price = Pe). At a price higher than this, it would lose customers since there are many others producing the same product and customers can easily shift to another.
YOU CAN INVEST THINGS SUCH AS MONEY AND IT EXPANDS THE AMOUNT OF MONEY YOU HAVE. THIS MEANS THAT YOU CAN GET MORE MONEY AND HAVE MORE MONEY TO WASTE ON FUTURE PLANS.
Answer:
D.$19.56
Explanation:
The computation of the standard rate per direct labor hour is shown below:
= Basic direct labor rate + payroll tax rate percentage × Basic direct labor rate + fringe benefits per hour
= $12 + $12 × 13% + $6
= $12 + $1.56 + $6
= $19.56
We simply added the basic direct labor rate + payroll tax rate + fringe benefits per hour so that the correct rate per direct labor hour can come
Answer:
<h2>The first statement in the answer choices or options given in the question is NOT true in this case or America's economy is becoming much less American.</h2>
Explanation:
- In this instance, the first statement given in the answer choices or America's economy is becoming much less American seems untrue or rather meaningless or baseless statement.
- First,saying that American economy is becoming less American doesn't apparently make any logical sense as American economy refers to a particular country's economy which is America. Furthermore, American economy is not any official theoretical classification or a type of economy such as a market economy,capitalist economy,mixed economy,socialist economy and so on.
- Even if some people might refer to American economy as a predominantly capitalistic economic structure,the given statement appears to be untrue as there is no logical or practical evidence to suggest that the American economy is indeed becoming less capitalistic or market oriented.
Pizza and sub sandwiches are substitutes. if the price of pizza decreases, this will cause: an increase in the quantity demanded and no change to the quantity supplied
What are substitutes?
Substitutes are goods that are used as alternatives, which means that the fact the decrease in price of pizza means that the quantity demanded would rise as more are demanded as the price reduces and vice versa.
There would be no change in quantity supplied because price decrease is not favorable for the suppliers of pizzas, since they would want to supply more at a higher price instead of supplying more at a lower price
Find out more about substitutes on:brainly.com/question/23350334
#SPJ1
