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3 years ago

"why would a producer decide to produce in a competitive market in which she will earn zero profit in the long run?"

Business

2 answers:

-BARSIC- [3]3 years ago

4 0

Answer:

Because at zero profit, with her revenue, she can cover all her costs—explicit and implicit (opportunity cost).

Explanation:

At zero profit, the revenue covers all of its costs, including the implicit costs. Recall that implicit costs include the cost of lost wages from time working on one's own business. Hence at zero economic profit, the producer not only covers the accounting costs of production, but also covers the opportunity cost of the next best use for the resources, such as foregone wages by not working at a different job.

notka56 [123]3 years ago

3 0

<span>Money is not the only measure of success and not everything is transactional. A producer may choose to produce for many reasons. Among them, working with exceptional talent as well as gaining experience and getting street creds.</span>

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Which statement regarding competitive advantages is true? Select one: a. With an overall cost leadership strategy, firms need no

kifflom [539]

Answer:

Letter b is correct.<u> If several competitors pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumer.</u>

Explanation:

This statement is the most appropriate to answer this question about competitive advantages, because a competitive advantage can be described as a certain advantage that an organization has in relation to its competitors. Some of these advantages may be greater access to raw materials, more qualified labor, barriers to entry, geographic location, differentiation of products and services, etc.

Therefore, when several competitors adopt similar differentiation tactics, the consumer does not have enough attributes to differentiate one brand from another, so all competitors can be perceived as equal in the consumer's mind.

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3 years ago

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3 years ago

Read 2 more answers

You work for a fabric company that sources unique materials from around the world. In the past, you have focused solely on the b

Kay [80]

Answer:

b. From a commercial market into a reseller market.

Explanation:

It is a commercial marketing following the fact that the marketing organization defines success primarily in terms of financial gain.

This financial gain is the same reason for expansion.

Supplying to other stores who will in turn sell to others makes it a reseller market.

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3 years ago

Savings Goals

romanna [79]

Answer:

I am sorry fam this won't be an answer to your question, but I figured out how to see the answers on brainly for ya'll that don't have premium. You just need to right click on the page of your question and then click on "view page source" for me the shortcut is ctrl+ U. I don't know about yall's. when you do that it will open up a weird looking page then you want to scroll down, what you wanna focus on are the black letters, the others will be colored red or blue or whatever just focus on the black letters. It just gonna show you the answer and the comments too. Your welcome pudgy boi.

Explanation:

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2 years ago

Why does a $1 increase in government purchases lead to more than a $1 increase in income and spending? A. Through the governm

MArishka [77]

Answer:

D. Through the government purchases multiplier, the $1 increase in government spending will lead to an increase in aggregate demand and national income, which will lead to an increase in induced spending.

Explanation:

We know,

Multiplier = Changing real equilibrium GDP ÷Change of government spending.

If we increase the multiplier, government spending will lead to an increase in aggregate demand that is potential GDP is higher than actual GDP and national income, which will lead to an increase in induced spending. Therefore option D is the correct answer as options A, B, and C do not meet the requirements.

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2 years ago