The correct answer is D.
Perfect competitive firms are price-takers, operate in markets with many other competitors, manufacture homogenous products with perfect substitutives provided in the same market, and operate in markets with free entry and exit (no barriers). These features generate a perfectly elastic demand function, an hortizontal line for a certain price level, as the firm has to assume the existing price in the market.
Marginal cost and marginal revenue are compared in order to decide which is the optimal amount of production to maximize the firm's profits. This happens in the scenario in which marginal revenue equals marginal costs.
Marginal revenue (MR) is the amount earned for selling an extra unit, which in the perfect competition scenario equals the market price of the product. The marginal cost (MC) is the cost of producing on extra unit of output.
- When MC>MR, of course producing one more unit is unprofitable and therefore, unoptimal.
- When MC<MR the extra unit is profitable, then the firm should increase the production until reaching MC=MR, that is the point at which they should not move anymore.
Answer:
I would feel more lonely if I was surrounded by people that spoke a different language because you dont know what they are saying and you have no one that you can talk to so while everyone else is talking to each other or just sitting there thinking and wondering why you have no one to talk too
The answer to this question is: random sampling
In random sampling, the researchers will take a number of subjects from each group without any basic requirement.
By doing this, all the subject has the subset statistical probability to be chosen and the researchers could gather general consensus for a specific data.
Trying new things like joining clubs or trying sports. Write in a journal
Before the development of new criticism and formalism, the common approach to interpreting literature was traditional literary criticism.
Traditional Literary criticism was used before the development of formalism and new criticism to interpret literature. Traditional literary criticism focuses on the author's biographical information and how it influences the work.
This criticism ignores reader response and focuses upon the author, time period, and text alone. Traditional literary criticism places the text back into the period which it came from in order for the reader to better understand the intent of the author.
Hence, before the development of new criticism and formalism, the literature was was interpreted by traditional literary criticism.
To learn more about the traditional literary criticism here:
brainly.com/question/301493
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