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
aleksklad [387]
3 years ago
12

In the long run for a competitive firm,

Business
1 answer:
Andrei [34K]3 years ago
8 0

Answer:

The correct answer is letter "C": the firm is at the bottom of its short run average cost curve.

Explanation:

Competitive firms are companies that accept the equilibrium price of a given good or service within a market. If they try to raise the price, they will not be able to sell their products. It is said that <em>in the long term a competitive firm is at the bottom of its short-run average cost curve because it portraits the most efficient level of production</em>. That curve shows the optimal least-cost input combination for producing output.

You might be interested in
Would you recommend that Apple raise or lower its price for the iWatch to increase​ revenue?
melisa1 [442]

I would recommend it lower its price.

Explanation:

iWatch is not a product a lot of people wish for and it doesn't compliment the life of users enough to be expensive to buy. When it is expensive sales will reduce which would make sales revenue reduce but if the price is low a lot of people will patronize the product thus increase revenue.

#learnwithbrainly

6 0
3 years ago
Which of the following refers to the availably of resources that make doing business with that country​ possible? A. Competitive
polet [3.4K]

Answer:

B. Economic infrastructure

Explanation:

Economic infrastructure -

It is the activities and the facilities that helps the development and operations of various sectors of the society , is referred to as economic infrastructure.

Economic infrastructure plays a major role in the proper functioning of the economy.

The enables to increase the productivity of the economy .

Hence, from the given statement of the question,

The correct option is B. Economic infrastructure  .

7 0
2 years ago
What is it called when banks record which account gives up money and which account receives money when a customer writes a check
swat32

Answer:

Check Clearing

Explanation:

The process by which bank records which account gives up money is called check clearing. Check clearing is the process by which banks record whose account gives up money and whose account receives money when a customer writes a check. A bank holding company is a company that owns multiple banks.

4 0
3 years ago
Due to the ________, a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his
krek1111 [17]

Due to the first rule of labor markets, a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm. Therefore, the option A holds true.

<h3>What is the significance of profit maximization?</h3>

A process of following and adapting such methods that derive maximum revenue to the firm is known as profit maximization. It should be the primary goal of any firm in the market.

The first rule of labor markets says that when a firm strives for profit maximization, it does not pay the worker or the labor, more than the marginal productivity that the worker bring to the firm.

Therefore, the option A holds true regarding profit maximization.

Learn more about profit maximization here:

brainly.com/question/17233964

#SPJ4

The question seems to be missing. The complete question has been added for better reference.

Due to the ________ a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm.

a. first rule of labor markets

b. demand product value

c. third rule of labor markets

6 0
1 year ago
Determine whether the statement is true or false. if f is continuous on [a, b], then d dx b f(x) dx a = f(x).
uysha [10]

The correct answer is option (b) False.

Differentiation:

Differentiation is a technique for determining a function's derivative. Differentiation is a mathematical procedure for determining the instantaneous rate of change of a function depending on one of its variables.

Explanation:

Given:

A statement is given "If f is continuous on

[a,b], then ddx(∫baf(x)dx)=f(x)".

The objective of the question is to determine whether the statement is true or false and why.

It is known that the value of a definite integral of a function is always a constant. So, ∫baf(x)dx

is a constant.

It is also known that the derivative of a constant is always equal to 1. Therefore, the correct equation is ddx(∫baf(x)dx)=1.

Thus, the given statement is false.

To know more about integration visit

brainly.com/question/20436567?

#SPJ4

8 0
2 years ago
Other questions:
  • Travis International has a debt payment of $2.34 million that it must make 6 years from today. The company does not want to come
    14·2 answers
  • The process of when a product is recycled back into almost the same product, is called?
    12·1 answer
  • Sensitivity analysis determines the: Multiple Choice net present value range that can be realized from a proposed project. degre
    11·1 answer
  • Which of the following items should be included in a company's inventory at the balance sheet date? A) Goods sold to a customer
    6·2 answers
  • Two mutually exclusive alternatives are being considered for the environmental protection equipment at a petroleum refinery. One
    7·1 answer
  • The government responds to market failures and ensure economic stability by limiting the effects of market failures such as ____
    14·2 answers
  • Freeman, Inc., reported net income of $40,000 for 20A. The income tax return excluded a revenue item of $3,000 (reported on the
    15·1 answer
  • To write a check or make A with drawl when there isn’t enough money in account to pay for?
    5·1 answer
  • How does globalization affect competition?
    6·1 answer
  • Sinking fund bonds: Multiple Choice Require equal payments of both principal and interest over the life of the bond issue. Requi
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!