Answer: Option (A) is correct.
Explanation:
Correct Option: A.supply whatever amount consumers demand at a price determined by the minimum point on the typical firm's average total cost curve.
In the long run, equilibrium price of a perfectly competitive firm implies that there is no economic profit for the firm. This situation occur when the marginal cost is equal to the average total cost.
The firm is break even when the price is equal to the minimum point of average total cost of the firm. So, there is no possibility of economic profit for the firm.
The market shares (in percentage terms) for the 12 firms that comprise an industry are 15, 12, 11, 10, 8, 7, 7, 6, 6, 6, 6, and
Veronika [31]
Answer:
932; 48 percent
Explanation:
The computation of the Herfindahl index is shown below:
= (15)² + (12)² + (11)² + (10)² + (8)² + (7)² + (7)² + (6)² + (6)² + (6)² + (6)² + (6)²
= 225 + 144 + 121 + 100 + 64 + 49 + 49 + 36 + 36 + 36 + 36 + 36
= 932
And, the four-firm concentration ratio is
= 0.15 + 0.12 + 0.11 + 0.10
= 0.48
Simply we applied the above computation
Answer: It would increase as the risk of prosecution falls.
Explanation: The supply of marijuana would increase because risk of persecution would fall as more states begin to legalize recreational marijuana
The name which is given to the situation where a <em>product is advertised for sale</em> at a greatly reduced price, but the salesperson <em>tries to get customers </em>to buy a more expensive item instead is called:
According to the given question, we are asked to state the name which is given to the situation where a <em>product is advertised for sale</em> at a greatly reduced price, but the salesperson <em>tries to get customers </em>to buy a more expensive item instead.
As a result of this, we can see that upselling is a phenomenon where the salesperson tries to get the customer to purchase a more expensive item, <em>instead of the product </em>which was advertised at a greatly reduced price.
Read more about upselling here:
brainly.com/question/7067313
Answer:
the after-tax cost of debt is: 27,090
Explanation:
assuming the entire among of the consulting services is tax deductible
we can determinate the after-tax cost as:
expense x (1 - tax rate) =
43,000 x (1 - 0.37) = <em>27,090</em>
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<em>the rate of return of a potential investment is not relevant for this purpose as is paying right away and not giving time to invest in a project to pay the amount next year.</em>