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
klio [65]
3 years ago
5

True or False: When economic profit is zero, producers do not have any incentive to deviate from the current line of production.

True or False: Under perfect competition, the per unit revenue of the firm is equal to its marginal revenue True or False: A competitive firm's minimum supply price in the short run is its shutdown price.
Business
1 answer:
Sladkaya [172]3 years ago
7 0

Answer:

1. True

2. True

3. True

Explanation:

1. Economic profit is the explicit and implicit costs are subtracted from total revenues. After deducting all the costs from revenue, if we get the zero economic profit, the producers do not get enough chance to have much incentive from the current line of production, or they cannot deviate it from the production level. That is why it is the correct answer.

2. It is true statement. An example can easily show why the statement is true.

Quantity      Per unit revenue         Total revenue       Marginal Revenue TR_{2}  - TR_{1}

0                              0                                  0                            -

1                               4                                  4                         (4 - 0) = 4

2                              4                                  8                         (8 - 4) = 4

3                              4                                  12                       (12 - 8) = 4

4                              4                                  16                      (16 - 12) = 4

So, the statement under perfect competition is true.

3. The statement is true. The shutdown price in the short-run is that the average variable cost is higher than the price per unit. When the average variable cost is higher than the price per unit, it is a competitive firm's minimum supply price in the short-run. It can happen due to the entrance of the new competitors in the entire market.

You might be interested in
Who is responsible for maintaining roads in lynchburg va?
Oksanka [162]
The agency that is responsible for the roads in Lynchburg, Virginia is the Virginia Department of Transportation. This is a state agency is that is responsible for all of the roads in the state of Virginia. Some of the things that they do is to maintain all roadways, operating the roads, and building the roads. They also make sure to keep the roadways clear of ice in the winter by putting down chemicals and salt to keep the ice melted off the major roadways. They also plow the roads in the winter. In the summer, they start clearing off the sides of roads of grass and debris. The county road crews are normally only filling potholes and other minor issues with roads in the area. 
7 0
3 years ago
Mark runs a small manufacturing business. Which statement hints at the fact that Mark is a transformational leader?
Zolol [24]
The answer would be A because the key word is manufacturing and that means Mark is building something he visioned. So, the business he started although small inspired enough people to work for what he envision. B, C, and D are wrong because it does not hint or say in the question about any of those answer choices.
3 0
3 years ago
Read 2 more answers
Does the film titanic improve the viewer's understanding of the historical events?
Angelina_Jolie [31]
On one hand it does, but on the other, it doesn't.
If you look at the movie from a historical perspective, we can see what people might have behaved like in the actual event when Titanic sank. The movie portrays their thoughts, emotions, and behaviors during that horrible night, so if you think about it that way, I guess we can understand the event more. On the other hand though, the movie included a love story which is not really relevant to what actually happened in history, so it doesn't really help the viewer think about history much. 
6 0
3 years ago
Read 2 more answers
Stone Pine Corporation, a calendar year taxpayer, has ending inventory of $160,000 on December 31, 2018. During the year, the co
bezimeni [28]

Answer:

The answer is $215,000

Explanation:

Cost of goods sold equal:

Opening/beginning inventory plus purchases minus closing/ending inventory

To find beginning inventory at January 1, 2018, lets rearrange the formula:

Cost of goods sold minus plus purchases plus closing/ending inventory.

Cost of sales is $470,000

Purchases is $415,000

Ending inventory is $160,000

Therefore, beginning inventory at January 1, 2018 is

$470,000 - $415,000 + $160,000

=$215,000

3 0
3 years ago
Question 38 All of the following statements regarding flextime are true EXCEPT it gives employees more personal control over tim
Vladimir79 [104]

Task conflict and interpersonal conflict are the two basic categories of intragroup conflict. Relationship conflicts entail challenges pertaining to individual ideas, attitudes, beliefs, and personality qualities, whereas task conflicts are caused by divergent objectives or an inability to satisfy the standards of the group.

Any sort of dispute involving two or more persons is referred to as interpersonal conflict. Contrasted with an intrapersonal conflict, which is an internal conflict with yourself, this is not the same thing. Interpersonal conflict, whether mild or severe, is a typical result of human contact. The conflict in a tale, which serves as the opposing force, typically falls into one of four categories: conflict with one's own nature, conflict with people, confrontation with the environment, or conflict with supernatural forces. The affiliation, connection, contact, and link between two or more individuals are all considered to constitute interpersonal relationships. There are several varieties of connections. This section emphasizes four different kinds of connections.

To learn more about divergent click on the link below:

brainly.com/question/16962517

#SPJ4

8 0
1 year ago
Other questions:
  • As explained in the individual in a networked world: two scenarios, the metaverse will be a combination of:
    9·1 answer
  • The Federal Reserve System (the 'Fed') was created by the Federal Reserve Act, passed by Congress in 1913, and began operations
    10·1 answer
  • Drag the tiles to the correct boxes to complete the pairs.
    12·1 answer
  • The managers at Alpha Corp. are closely observing trends in the industry. They are trying to identify factors that might have a
    5·1 answer
  • Suppose that a project has a depreciable investment of $600,000 and falls under the following accelerated depreciation schedule
    8·1 answer
  • If more capital is produced in a given year, what can be expected to happen?
    6·1 answer
  • Define internal customers​
    12·1 answer
  • What is a likely result of an increase in trade between nations?
    13·1 answer
  • 1. What's the main reason our culture has normalized credit cards over the past 60 years? What can we do to change the normaliza
    15·1 answer
  • A customer makes a purchase of $22,100 of acme income fund in her margin account. the customer must deposit: _________
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!