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Ivahew [28]
3 years ago
8

For a price-taking firm, marginal revenue Select one: a. is the addition to total revenue from producing one more unit of output

. b. decreases as the firm produces more output. c. is equal to price at any level of output. d. both a and b e. both a and c
Business
1 answer:
Ksju [112]3 years ago
7 0

Answer: Option (e) is correct.

Explanation:

Correct Option: both a and c

Marginal revenue is the amount that is added to the total revenue, this amount is created due to an additional unit of output produced by the firm.

Price taking firms are the firms which operates in a perfectly competitive market. In this type of market condition, prices are determined by market forces. Hence, the constant prices will result in unchanged marginal revenue and thus it is horizontal to the x-axis at any given price level. Price level remains the same at any level of output.

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True or false? Almost every phase of business and economic activity falls under some form of government regulation.
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The right answer for the question that is being asked and shown above is that: "TRUE."Almost every phase of business and economic activity falls under some form of government regulation. This statement is true as far as the phase of business and economic activity is concerned.
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2 years ago
Betsy Strand’s regular hourly wage rate is $24, and she receives an hourly rate of $36 for work in excess of 40 hours. During a
melamori03 [73]
<h3>Betsy’s gross earnings for January period is $1,140 </h3><h3>Betsy’s net pay for January period is $966.79 </h3>

Explanation:

  • Betsy Strand’s regular hourly wage rate = $24
  • Betsy Strand’s hourly rate for work in excess of 40 hours = $36
  • Betsy works during a January pay period = 45 hours.
  • Betsy's pay for January period = $24 * 40 + $36 * 5
  • Betsy's pay for January period = $1,140

Betsy’s gross earnings for January period is $1,140

  • Betsy’s federal income tax withholding = $86
  • FICA tax rate  = 7.65%.
  • Betsy’s FICA Taxes Payable = $1,140  * (7.65 / 100)
  • Betsy’s FICA Taxes Payable = $87.21
  • Betsy’s net pay for January period = Gross earnings - Federal income tax withholding - FICA Taxes
  • Betsy’s net pay for January period = $1,140 - $86 - $87.21
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Betsy’s net pay for January period is $966.79

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Which of the following statements is true about causes of business cycle fluctuations? rev: 05_30_2018 Multiple Choice Economist
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Raul owned a small graphic design business. He used 3-D software and computers to create animations for his clients. Which facto
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The factor of production that the computers represent is physical resources.

Factors of production refers to the resources that are used for production. Example of factors of production include land, labor, capital, entrepreneurship, physical resources etc.

Physical resources simply means the tangible items that a business uses for its operation. Examples of physical resources include buildings, raw materials, machinery, computer systems etc.  

In conclusion, computer is a physical resource.

Read more on:

brainly.com/question/20387657

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