1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
makvit [3.9K]
3 years ago
7

The production decisions of perfectly competitive firms follow one of the Ten Principles of Economics, which states that rationa

l people
a. consider sunk costs.

b. equate prices to the average costs of production.

c. prefer to purchase products from smaller rather than larger firms.

d. think at the margin.
Business
1 answer:
GaryK [48]3 years ago
7 0

Answer: d) think at the margin.

Explanation:

A rational person is defined as some who makes decision with the intelligent thinking rather being emotional .This result usually results in sensible outcomes.

According to the Ten principles of Economics,it is supposed that a rational person tends to think intelligently and would prefer to make minute changes in the resources while taking decision so that optimal rate can be maintained and additional action can be further thought.

Other option are incorrect because purchasing items from smaller organization, sunk rate and average cost product equalizing with the price is not the decision ability of a rational person

You might be interested in
Sutton is a partner of RST Partnership. RST distributed $3,000 cash and a building with an adjusted basis of $10,000 and a fair
Eduardwww [97]

Based on the basis of the distributions and Sutton's basis in the partnership, the amount of taxable distributions to Sutton is $0.

<h3 /><h3>How much of the distributions can be taxed?</h3>

The distributions can only be taxed if they exceed Sutton's basis in the partnership of $90,000.

As neither the cash distribution nor the building, have enough to surpass Sutton's basis, the taxable distributions will be $0.

Find out more on taxable distributions at brainly.com/question/26474690.

#SPJ12

5 0
2 years ago
How long has donald trump been married to melania?
ivann1987 [24]
Donald trum has been married to melania dor 5 years
4 0
3 years ago
Read 2 more answers
The production possibility frontier is used to illustrate the concept of A) the laissez-faire economy. B) opportunity costs. C)
julia-pushkina [17]

Answer:

B) opportunity costs.

Explanation:

The production possibility frontier is used to illustrate the concept of <u>opportunity costs</u>. The production possibility frontier shows the combination of goods which can be produced by making use of all the available resources in an economy. In order to produce an extra unit of one good, some amount of other good has to be sacrificed. This is known as opportunity cost.

6 0
3 years ago
When short-term investments appear in the balance sheet at their current market values, it is an exception to the ______ princip
Semenov [28]
Cost Principle, 
<span>requires that assets be recorded at the cash amount (or its equivalent) at the time that an asset is acquired.</span>
5 0
3 years ago
Read 2 more answers
how can electricity, communication, and transportation facilities indicate the potential for industrial growth?​
Dima020 [189]

Answer:

The more electricity, communications, and transportation used in a nation's economy, it will give them a more developed country and a greater potential for increased industrialization.

Explanation:

7 0
3 years ago
Other questions:
  • Kluber, Inc. had net income of $900,000 based on variable costing. Beginning and ending inventories were 55,000 units and 52,000
    8·1 answer
  • Consider the economy of Athenia. In 2018, Athenia has a GDP of $100 billion and a net national debt of $50 billion. Over the nex
    9·2 answers
  • Fernandez Corporation purchased a truck at the beginning of 2020 for $50,000. The truck is estimated to have a salvage value of
    12·1 answer
  • ________ are those that lead to new features and capabilities in existing products or to completely new products.
    5·1 answer
  • Which of the following is not an example of state spending ?
    11·1 answer
  • The rise in the number of mini-multinationals means that Group of answer choices there is greater state involvement in industry.
    11·1 answer
  • If the price elasticity of demand for used cars priced between $3,000 and $5,000 is –1.2 (using the mid-point method), what will
    9·1 answer
  • What is the most likely outcome when a company demotes the perpetrator but allows him or her to go unprosecuted?
    6·2 answers
  • The gizmo industry has the following characteristics: over 600 producers with no one producer furnishing more than .5% of the in
    13·1 answer
  • Student dorms, nursing homes, and on-campus fraternity houses are considered...? Public housing Temporary housing Mixed-use hous
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!