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user100 [1]
3 years ago
13

For a monopolistically competitive​ firm, marginal revenue A.is greater than the price.B.equals the price.C.is less than the pri

ce.D.and the price are unrelate
Business
1 answer:
Tems11 [23]3 years ago
5 0

Answer:

The correct answer is option C.

Explanation:

A monopolistic firm is a price maker. It faces a downward sloping demand curve which also reflects the average revenue or price. The profit is maximized by equating marginal revenue and marginal cost.

The marginal revenue curve is also a downward sloping curve and it lies below the demand or average revenue curve.

You might be interested in
Automatic stabilizers create ________ during recessions from increased government spending on welfare and unemployment insurance
Nadya [2.5K]

Answer:

stimulation ; stabilization

Explanation:

Automatic stabilizers act to stimulate the economy during recessions and stabilize the economy when it becomes overheated

8 0
3 years ago
According to economists, when two people make the exactly opposite decision:
disa [49]

Answer:

b. each person evaluates the situation according to his/her individual self-interest.

Explanation:

This can be generally seen in ancient and modern form of economics where in the course of their works, they can end up countering themselves in the midst of a project.

Here, or in a case of such, a great part of economics deals and accommodates psychology an the both economics that have probably found themselves in the field are expected to evaluate the situation according to each others self interest; especially when knowing the risks, pros and negative effect of the activities that is been carried out.

Secondly, this model is a useful measurement device by which economic situations can be evaluated and also levels of competition that exist in real markets can be checked.

6 0
3 years ago
kelsie blames steve for all her shortcomings at work even though he is the hardest working member on the team. in the context of
Dmitriy789 [7]

When someone like Kelsie blames Steve for all her shortcomings at work even though he is the hardest working member on the team, it is an example of political workplace deviance. Therefore, the option B holds true.

<h3>What is the significance of workplace deviance?</h3>

Workplace deviance can be referred to or considered as the tendency of an employee or a member of an organization to intentionally cause a sense of harm to the regular functioning of the organization.

A political deviance is a type of workplace deviance wherein an employee in higher authority starts blaming others for slightest of irregularities in the team.

Therefore, the option B holds true and states regarding the significance of workplace deviance.

Learn more about workplace deviance here:

brainly.com/question/28538100

#SPJ1

The missing options to the question are added below for better reference.

A. group deviance

B. political deviance

C. personal aggression deviance

D. property deviance

7 0
1 year ago
In a swot analysis, increasing gasoline prices would represent a potential __________ for manufacturers of electric cars.
tekilochka [14]
<span>I'm 100% sure that the answer is: In a swot analysis, increasing gasoline prices would represent a potential correct opportunity for manufacturers of electric cars. It's pretty much cheaper to have the electric car and there're a lot of benefits for ecology. Also these cars are cheaper to manufacture due to less quantity of moving parts.</span>
6 0
3 years ago
Suppose the local market for legal services has an upward sloping supply curve, PL = 150 +0.0001QL where PL is the price of lega
Margaret [11]

Answer:

C) $50,000,000

Explanation:

The aggregate rent is the surplus earned by the lawyers for operating over their cost at this market equilibrium.

In the picture attached, the rent is showed graphically.

At PL=$250 per hour, the amount of demanded hours is QL=1,000,000.

The oportunity cost at a zero hours level is PL(0)=$150.

The rent can be calculated as:

Rent=\frac{QL_{equil} x (PL_{equil}-PL_0)}{2}\\\\\\Rent=\frac{1,000,000*(250-150)}{2}= \frac{1,000,000*(100)}{2}=50,000,000

The aggregate rent is $50,000,000.

8 0
3 years ago
Read 2 more answers
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