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lions [1.4K]
4 years ago
6

A profit maximizing firm in a competitive industry should ________ when marginal costs are falling.

Business
1 answer:
garri49 [273]4 years ago
5 0

Answer: Option (d) is correct.

Explanation:

Correct option: Raise output until marginal costs are equal to marginal revenue.

When the firm is profit maximizing and operates in a competitive environment,  it should raise output until the point where marginal costs of firm is equal to the marginal revenue if marginal costs are falling.

As this will cover firm's more costs from producing more output. At a point where the marginal cost is equal to the marginal revenue, firm is maximizing its profit.  

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Horizontal analysis involves:
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Answer:

a. Comparing individual financial statement line items over time.

Explanation:

Horizontal analysis of financial statements involves comparing financial information contained in the current period with the historical records of the same company to identify trends. The main objective is to identify if the ratios have been increasing, decreasing or fluctuating a lot. This is useful in analyzing and making decisions whether a company should make a major change in one area or another.

7 0
4 years ago
A good financial plan does not include an insurance plan.
spayn [35]
A good financial plan does not include an insurance plan. 
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4 years ago
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lilavasa [31]

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Explanation:

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These banks will then use this money that these people have saved to create loans for entities in the economy thereby increasing the supply of loanable funds and reducing interest rates.

3 0
3 years ago
What are three economic reasons for corporate acquisitions and mergers?
pantera1 [17]

Answer:The three main types of merger are horizontal mergers which increase market share, vertical mergers which exploit existing synergies and concentric mergers which expand the product offering.

Explanation:

6 0
3 years ago
You can save $3,000 per year for the next five years in an account earning 8 percent per year. how much will you have at the end
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