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kolbaska11 [484]
3 years ago
15

How do price changes affect equilibrium? (Gradpoint)

Business
1 answer:
irina [24]3 years ago
8 0

Answer:

By Serving As A Tool For A Distributing Goods And Services.

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If a competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $24 per bushel and the margin
Liula [17]

Answer: reduce output.

Explanation:

In a competitive market, firms do not have control over the price that they sell their goods in the market but they do have control over their costs. It is recommended to produce/ sell goods at a quantity where Marginal Revenue will equal Marginal cost (MR = MC).

In a Competitive Market, Price is the same as Marginal revenue which means that Marginal revenue here is $25 and the Marginal Cost is $26. At this quantity of output, the Marginal Cost is larger than the Marginal revenue.

Company should therefore reduce output to a quantity where Marginal Cost will equal Marginal revenue.

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2 years ago
Tuller wants to start a commercial trucking business and also wants to form his own limited liability company (LLC). Tuller, as
sweet-ann [11.9K]

Answer:

d, all states, as no state requires at least two members to create an LLC

Explanation:

The requisite of two members to create an LLC was removed from all states in the USA. Now, all states allow a single-member LLC. Massachussets was the last one to eliminate that requisite in 2003.

Maybe this change in laws was because owners cheated on that requisite by placing as the two members (owners) a man and his wife, or a woman and her husband, or some other person (in direct relation with the owner) which was just placing the name but the company actually belonged to only one member.

4 0
2 years ago
Many business people believe that marketing should focus on factors other than financial goals, such as ___.
Sindrei [870]

Answer:

Corporate citizenry

Explanation:

Many business people believe that marketing should focus on factors other than financial goals, such as Corporate citizenry

3 0
3 years ago
Why does a savings account make a better investment than a checking account?
Ksivusya [100]
A savings account makes a better investment because the person receives more interest from the bank than a checking account.
6 0
3 years ago
Read 2 more answers
Zara’s store managers place orders that reflect their localized needs. However, order fulfillment is ultimately the responsibili
erastova [34]

Answer:

Retail store managers need to serve customers and make sure they’re supporting their sales personnel. They oversee stocking, make sure promotions and signage are current, and schedule employees. With the rise in internet sales, though, that role has gotten more complicated.

Explanation:

8 0
3 years ago
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