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kifflom [539]
3 years ago
12

In the long run,A. the number of firms in the market is fixed.B. competitive firms' ATC curves shift upward or downward to ensur

e that all demand is satisfied.C. competitive firms' profits are zero.D. competitive firms' variable costs are zero.
Mathematics
1 answer:
Yuliya22 [10]3 years ago
6 0

Answer:C. competitive firms' profits are zero.

Step-by-step explanation: Perfect competition is the highest level of competition where the number of buyers and sellers are large,all firms are price takers,no government intervention,the products are homogeneous,no firm makes extraordinary profits, there is free entry and exit for buyers and sellers etc.

IN THE LONG RUN A PERFECTLY COMPETITIVE FIRM MAKES ZERO PROFITS.

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5 0
2 years ago
A sales man is paid a basic wage of $225 per week. In addition he is paid a commission of 3% on the value of goods he sells abov
mihalych1998 [28]

Answer:

Commission = $375

Total earnings = $600

Step-by-step explanation:

He gets 3% of any sale he makes above %5500 which means his commission received on this sale is;

= 3% * $12500

= \frac{3}{100} * $12500

= 3* 125

= $375

This means his total earnings for the week will be the basic wage plus his commission

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= $600

3 0
3 years ago
What are expressions
algol [13]
A math equation without an equal sign
3 0
3 years ago
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Given that a=4, b=4 and c=-2 work out b(squared) -2ac
Nimfa-mama [501]

Answer:

32

Step-by-step explanation:

substitute the given values of a, b and c into the expression:

b² - 2ac = 4² - (2 x 4 x -2)

             = 16 - (-16)

             = 16 + 16

             = 32

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2 years ago
Which of the following best forms the figure shown
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Where is the picture? If you could add your picture I’d be glad to help you!! :)
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