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Viktor [21]
3 years ago
13

Smith company is a perfectly competitive firm. the market price of its output is $10. the firm is currently producing 100 units

of output. at this level of output, the firm’s average total cost is $10 per unit, its average variable cost is $9 per unit, and its marginal cost is $10 per unit. on the basis of this information, what can we say?
Business
1 answer:
Andreas93 [3]3 years ago
6 0
<span>Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. when the firm hires 6 workers the firm produces 90</span>
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Mkey [24]

The law of demand state correct option is (a) price and quantity demanded are inversely related.

What is law of demand states?

The law of demand is a fundamental principle of the economic idea of higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded.

The  rule of demand, if all other variables remain constant, the price and quantity desired of any good or service are inversely related. When the price of a product rises, the demand for that product low as well.

As result, the law of demand states as remain constant towards a price and quantity demanded are inversely related.

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2 years ago
"If a real estate professional says to a potential seller that the neighborhood is ""changing"" and ""isn't what it used to be,"
Marat540 [252]

Answer: True

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In simple words, they use the perception of racism so that they can get the property at relatively cheaper prices.

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3 years ago
The MR = MC rule Multiple Choice applies both to pure monopoly and pure competition. applies only to pure competition. applies o
Neko [114]

The MR = MC rule C. applies only to pure monopoly.

<h3>What is monopoly?</h3>

It should be noted that monopoly simply means the only seller of a good to service in the market.

In this case, the MR = MC rule applies only to pure monopoly.

In conclusion, the correct option is C.

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3 0
1 year ago
Macmillan Toys Inc. is located in the nation of Ruffino near the nation of East Fenwick. Macmillan Toys is considering expanding
Lilit [14]

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Political distance refers to a difference in opinion and policies as well as relations that countries have amongst themselves. In this scenario, this is the most likely bone of contention that would prevent Macmillan Toys from expanding into Rusalka.

This is because land disputes fall under political distance and can get very serious. So serious in fact that nations have gone to war over such disputes with the latest being Azerbaijan and Armenia. Macmillan Toys may therefore find it difficult to expand into the country due to this land dispute.

4 0
3 years ago
Historically, the ________ risk an investor is willing to accept, the ________ the potential return for the investment.
iVinArrow [24]

Answer:

The correct option is (A)  more, greater

Explanation:

According to the risk return trade off, the risk is increased with the return that means if the returns are increased the risk is also increased and vice versa

So as per the given scenario, if there is more risk that investor wants to accept so the return should be more for the investment. This represents the direct relationship between the risk and return of the investment

hence, the correct option is (A)  more, greater

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