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eimsori [14]
4 years ago
6

Suppose that price is below the minimum average total cost (ATC) but above the minimum average variable cost (AVC) and that the

market price is expected to rise at least to ATC in the near future. In the short run, a firm that is a price taker would.
a. immediately shut down and get out of the industry.
b. continue to produce a quantity such that marginal revenue equals marginal cost.
c. shut down temporarily, in hopes of restarting in the near future.
d. cut price and expand output in hopes of achieving economies of scale.
e. None of the above.
Business
1 answer:
AysviL [449]4 years ago
8 0

Answer:

b. continue to produce a quantity such that marginal revenue equals marginal cost.

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Linda saw a print ad in a magazine for clairol's natural essence semi-permanent hair color that she knew existed but did not kno
Vlad1618 [11]

This is the knowledge/expectations stage of the hierarchy of effects, because Linda is now aware of the product and is starting to learn about it.

The hierarchy of effects is:

1. Awareness - know the product exists

2. Knowledge- learn about the features of the product

3. Liking - make sure the customer likes the product and if not, figure out why

4. Preference- customers want your product over other brands

5. Conviction- the decision to make the purchase

6. Purchase - actually going out and buying the product

8 0
3 years ago
The Bureau of Labor Statistics reported in 2005 that there were 28.19 million people over age 25 who had no high school degree o
Anuta_ua [19.1K]

Answer: Option (B) is correct.

Explanation:

Given that,

Total population of group = 28.19 million

Employed = 11.73 million

Unemployed = 1.04 million

Total labor force = Employed + Unemployed

                            = 11.73 million + 1.04 million

                            = 12.77 million

Labor-force participation rate = \frac{Total\ Labor\ Force}{Total\ Population} \times 100

                                                  = \frac{12.77}{28.19} \times 100

                                                  = 45.29%

                                                   = 45.3%

Unemployment rate = \frac{Unemployed}{Total\ Labor\ Force} \times 100

                                  =  \frac{1.04}{12.77} \times 100

                                  = 8.14%

3 0
3 years ago
Read the first paragraph of "The Effectiveness<br> of Capital." What do you think productive means?
Ganezh [65]

Answer: Productive means having been able to gain in large amounts.

Explanation: In the first paragraph of “The Effectiveness of Capital” the productive means having been able to produce in a huge quantity or large numbers. Here being able to gain profits in a large amount is considered productive.

Producing any kind of goods in large numbers is productivity. The productivity of any good depends upon many factors. Like a productive worker has a lot of capacity to do a lot of work and hence he is able to give productive results in the end. With a great number of profits.

7 0
4 years ago
Selected transactions for Sheridan Company are presented below in journal form (without explanations).
11111nata11111 [884]

5+55+125+15=555555555....

8 0
3 years ago
An open market sale of government securities by the Federal Reserve will
inysia [295]

Answer:

C) Decrease bank reserves, decrease bank loans and decrease the money supply while raising interest rates

Explanation:

Selling by the Federal reserve of government securities is an application of contractionary monetary policy. These securities are purchased by the commercial banks which results in a reduced reserve for these banks. This reduction in reserve restricts credit creation which is the banks, ability to lend loans. When there are less loans in the market - there is a reduced money supply in the market and thus the cost of borrowing or interest rates are pushed higher because of limited money supply.

Similarly purchasing these securities will leave banks with ample money and more credit can be created thus inducing the opposite effect.

Hope that helps.

5 0
3 years ago
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