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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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In your discussion post, think about some examples of exponential growth in the real world. They might be examples from science,
Stels [109]

Answer: interest and population growth

Explanation:

Examples of exponential growth in real world.

1. interest on a savings account (finance). example when you deposit let say $1000 in an account that earns you a simple interest rate of 10% in a year you would earn $100, with each year the amount of interest paid continues to grow exponentially. The bank customer or owner of the account stands to benefit from this growth.

2. Population growth ( science ) population continues to grow exponentially overtime due to individuals available to produce not minding the available resources.a large population usually translates to a good economy development due to more people available so the citizen benefits from it.

Examples of career that it would be difficult to work in

1. Financial advisor

2. Bankers

For someone working as a financial advisor or banker would need the knowledge of exponential growth by understanding compound returns. In finance, compound returns leads to exponential growth. Compounding powers is part the most powerful tools in finance. This method is used by financial advisors and bankers for creating large sums from an initial deposit.

3 0
3 years ago
Hailey's company has re-introduced its candy bar products with new packaging. The company is curious if the packaging will draw
Brut [27]

Answer:

Observation

Explanation:

An observational study can be defined as a type of study in which a researcher observes and measures the effect of a diagnostic test, risk factors, or treatments on individuals without intervening, changing or manipulating who are or aren't exposed to it (controlled conditions).

Basically, observation is a research method that involves examining a given population in order to gather certain informations about them. Thus, it is typically aimed at observing the activities that are being performed by a population of interest.

The form of primary data collection that is being used by the company is observation because it is setting up video cameras in a mock-convenience store to watch the study participants during the purchasing process

4 0
3 years ago
Anyone ? I need help
lozanna [386]

Answer:

a lender pays off your existing loans with a new one at a lower interest rate.

Explanation:

5 0
2 years ago
Consider a scenario where a claim of harassment surfaces, employers should only be concerned about their liability if they pursu
balandron [24]

Answer:

The correct answer is letter "A": Fired the employee because of claims of harrasment.

Explanation:

In case an employee has committed a fault and could be found liable for the actions incurred, usually the company that worker belongs to fires the employee. Firms take that decision to avoid any negative image towards the organization that could be reflected in a decrease in sales. However, firms must also be aware of what could be their liability if the employee is found guilty because there is a possibility the firm did not supervise that worker effectively and that is why the fault could take place.

3 0
3 years ago
Externalities may prevent competitive markets from operating efficiently because A. consumers may buy goods in the black market.
slega [8]

Answer:

D. the market may oversupply goods that generate negative externalities on others.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, radio, table, etc.

In Economics, an externality could either be positive or negative depending on its effect on a third party.

A positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.

On the other hand, a negative externality arises when the production or consumption of a finished product or service has a negative effect and/or impact (cost) on a third party.

This ultimately implies that, an externality is typically an unwarranted cost or benefit by a manufacturer or producer of goods and services that eventually affects a third party.

On a related note, externalities may prevent competitive markets from operating efficiently because the market may oversupply goods that generate negative externalities on others. Some examples of a negative externality is John declining to buy his favorite candy due to an increase in its price, a manufacturing plant that causes noise and pollution to the people living around where it is situated, etc.

4 0
3 years ago
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