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
Directive leadership is thought to be less effective when employees have low levels of ability.
Rainbow [258]
FALSE. Directive leadership is thought to be less effective when employees have low levels of ability.

If employees have low levels of ability this is when they need directive leadership.
7 0
3 years ago
Explain the hipp of the primary sources below source: letter written by john rolfe
Leno4ka [110]

Hi, you've asked an incomplete question. The attached image shows the full text.

<u>Explanation:</u>

Historical context: his use of old English expressions indicates dates back to the period around the 1600s.

Intended audience: John Rolfe's audience appears to be the governor of Virginia and his associates.

Author's Purpose: He seems to use his religious beliefs to get support and understanding of his decision to marry Pocahontas.

Author's Point of view: His expresssion "not without a seared conscience" indicates his own concerns about the decision he took.

5 0
3 years ago
Competitive price taker firms always earn zero economic profit in long run equilibrium because:_______
Westkost [7]

Competitive price taker firms always earn zero economic profit in long-run equilibrium because of the following reasons which include easy entry & exit, small player etc.

Perfect competition exists when there are many sellers, firms can easily enter and exit, products are identical from one seller to the next, and sellers are price takers.

A perfectly competitive firm must accept the equilibrium price at which it sells goods because it is a price taker.

A perfectly competitive firm will be unable to make any sales if it charges even a small amount more than the market price.

Furthermore, a perfectly competitive firm must be a very small player in the overall market, allowing it to increase or decrease output without affecting the overall quantity supplied and price in the market.

Hence, Competitive price taker firms always earn zero economic profit in long-run equilibrium.

Learn more about Long-run equilibrium:

brainly.com/question/6275304

#SPJ4

3 0
2 years ago
The regular selling price of a computer desk is $329.99. The markdown rate is 40%. What is the sale price? $197.99
krok68 [10]
A. $197.99

First you subtract 40% from 329.99

So,

329.99-40%=

40% of 329.99 is $131.99

329.99-131.99= 197.99
4 0
3 years ago
You work for a company that has a form where people can request a free consultation. You want to create a list of people in your
klio [65]

Answer:

(A) Saved filters

Explanation:

Saved filters allow you to quickly view a segment of your database right from the contacts, companies, deals, or tickets dashboard. You can use any default or custom property in your HubSpot account to segment your contacts using saved filters. Contacts will be added or removed from saved filters automatically based on whether or not they currently meet the criteria you've set.

3 0
3 years ago
Other questions:
  • Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses a
    8·1 answer
  • A(n) _____ is defined as a small number of people with complementary skills who hold themselves mutually accountable for pursuin
    9·1 answer
  • Oliver Industries is evaluating the manufacturing process for one of their products. Oliver has determined that the process has
    11·1 answer
  • Beranek Corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. The new CFO wants to employ en
    6·1 answer
  • A property is being appraised using the gross rent multiplier. A comparable property that rents for $150 per month recently sold
    15·1 answer
  • Multiple Choice Question The following selected information pertains to Wilson Company. Current liabilities: $100; long-term lia
    8·1 answer
  • The tables show the spending and revenue for Littleland in 2010. Use the tables and other information to answer the questions. S
    11·1 answer
  • Jason Ford, the CEO of the Green-Plus Company, was known among businesspeople for his qualities of self-discipline, friendliness
    14·1 answer
  • Assuming no change in the nominal wage and a significant increase in human capital, the output per worker will
    12·1 answer
  • What happens if people believe that government spending on library books will encourage even more reading and increase the priva
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!