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
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.

You might be interested in
An oil company purchased 10,000 acres of land on January 1, 2015, for $5,000,000, on which it developed an underground oil site.
dexar [7]

Answer:

the depletion would be recorded is $1,575,000

Explanation:

The computation of the depletion would be recorded is shown below;

Cost of land $5,000,000      

Investment on land $1,100,0000      

Less: Residual value -$250,000      

Depreciable value $15,750,000  

Now the depletion should be    

= ($15,750,000 ÷ 500,000) × 50,000  

= $1,575,000

Hence, the depletion would be recorded is $1,575,000

8 0
3 years ago
It is a good idea to prepare for possible layoffs by making sure ______.
Eva8 [605]
C is the answer




Hope this helps
5 0
3 years ago
Read 2 more answers
Stephanie is a flight attendant on a major airline. She presents the safety guidelines to all the passengers and speaks directly
alexdok [17]

Answer:

The correct answer is letter "E": human relations skills.

Explanation:

Human relations skills are a set of abilities people show while interacting with others. Those skills include assertive communication, empathy, stress management, and conflict resolution. Most leaders are requested to have this profile of personality for effective and efficient managerial practices.

8 0
4 years ago
You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cas
Triss [41]

Answer:

The correct answer is $1,800,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

Net working Capital = Current Assets - Current Liabilities

Where,

Current Assets = cash and marketable securities + accounts receivable + inventory

Current Assets = $400,000 + $1,200,000 + $2,100,000 = $3,700,000

And Current Liabilities = accrued wages and taxes + accounts payable + notes payable

Current Liabilities  = $500,000 + $800,000 + $600,000 = $1,900,000

So, Net Working Capital = $3,700,000 - $1,900,000

= $1,800,000

8 0
3 years ago
How do you calculate for equilbrium national income output?thank you ❤​
ad-work [718]

<em>Most simply, the formula for the equilibrium level of income is when aggregate supply (AS) is equal to aggregate demand (AD), where AS = AD. Adding a little complexity, the formula becomes Y = C + I + G, where Y is aggregate income, C is consumption, I is investment expenditure, and G is government expenditure.</em>

8 0
3 years ago
Other questions:
  • Suppose a business can sell x gadgets for p(x)=250 - 0.01x dollars a piece, and it costs the business c(x) = 1,000 + 25x dollars
    15·2 answers
  • Salt Corporation, a 80%-owned subsidiary of Peanut Corporation, sold inventory items to its parent at a $48,000 profit in 20X2.
    11·1 answer
  • Management is obligated to monitor new external developments, evaluate the company's progress, and make corrective adjustments i
    5·1 answer
  • In retaliation for U.S. support for Israel during the Arab-Israeli War, OPEC countries stopped selling oil to the United States.
    13·1 answer
  • Verizon's implementation of a web-based digital dashboard to provide managers with real-time information, such as customer compl
    14·1 answer
  • An investor buys a bond for $10,000. The bond pays $300 interest every 6 months. After 18 months, the investor sells the bond fo
    11·1 answer
  • Which of the following is true of high-performance work practices? A) It involves well-structured job responsibilities as oppose
    5·1 answer
  • Monday island produces only yams yams and lemons lemons. the marginal cost of a yam yam is the number of lemons lemons that​ ___
    13·1 answer
  • The law firm of Poe, Patterson and Henderson, a general partnership, represents 20 plaintiffs in a class-action product liabilit
    7·1 answer
  • How do credit
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!