Answer:
A). equal to marginal revenue.
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
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.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Price = marginal revenue = average revenue
Respiratory masks when working in areas with fumes or heavy dust, safety glasses, surgical suite growing and shoe covers, gloves (hospital), these are some.
Answer:
no option is correct
long term capital gains = ($24.50 - $22) x 500 = $1,250
dividend income = $0.32 x 500 = $160
total return = $1,410
Maybe your teacher is asking about long term capital gains only. If that is the case, then option A. $1,250 is correct
Explanation:
total return = ending value - initial value + dividends received = (500 x $24.50) - (500 x $22) + (500 x $0.32) = $12,250 - $11,000 + $160 = $1,410
holding period return = (ending value - initial value + dividends received) / initial value = $1,410 / $11,000 = 0.1282 = 12.82%
Answer:
Following are the differences between monopolistically competetive market and perfectly competetive market.
Explanation:
Overall the profit ratio for the sellers is higher in monopolistically competitive market and low in a perfectively competitive market. In monopolistically competitive market, sellers charge a price higher than marginal cost, whereas, in a perfectly competitive market, the sellers charge a price equal to the marginal cost. In long-Run, the main difference between the competitive market and the monopolistic market is the excess capacity. It is the difference between the efficient level of output and profit-maximizing level of output.
Answer:
Conducted by anyone other than the producer of a product or service.
Explanation:
Conducted by anyone other than the producer of a product or service. Third party means not by the original producer.