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
Jobisdone [24]
3 years ago
12

A monopolistically competitive firm is operating in the short run at the optimal level of output and is earning negative economi

c profits. Which expression must be TRUE for this firm?
Business
1 answer:
Darya [45]3 years ago
4 0

Answer:

ATC > P = MR = MC

Explanation:

A monopolistic firm is a price taker, it faces a downward-sloping demand curve.  

If a monopolistic competitive firm is operating in the short run at an optimal level and earning negative economic profits, it means that the price is not able to cover the average total costs.  

If the firm is at the optimal level, the price must be equal to marginal revenue and marginal cost. But the price is not covering costs, so the firm is incurring losses.

You might be interested in
Two computers each produced 43,000 public utilities bills in a day. One computer printed bills at the rate of 8,600 an hour and
saul85 [17]

Based on the rate at which the computers are printing bills, the number of bills that the second computer was still to print was 4,000 bills.

<h3>How long did the first computer take to finish?</h3>

= Number of bills / Bills per hour

= 43,000 / 8,600

= 5 hours

<h3>How many bills was the second computer left with?</h3>

This can be found by the formula:

= Number of bills to print - Bills printed in 5 hours

= Number of bills to print - ( Bills printed per hour x Number of hours)

Solving gives:

= 43,000 - (7,800 x 5)

= 4,000 bills

Find out more on calculating rates at brainly.com/question/145385.

3 0
2 years ago
Which of the following is not one of the three conditions that characterizes a perfectly competitive​ market? A. Firms have pric
mart [117]

Answer: Option A

Explanation: In simple words, perfect competition refers to a market structure in which the the market have a large number of small buyers and sellers.

Due to this high volume of small level buyers and sellers no single party has the power to influence the price. The price in such market are determined by the market forces of demand and supply.

Hence from the above we can conclude that the correct option is A.

3 0
3 years ago
Which group of players uses the goods and services produced in the game of economics?
KatRina [158]

Answer:

Question 1

Which group of players uses the goods and services produced in the game of economics?

The group of players that uses goods and services produced in the game of economics are the CONSUMERS

Question 2

Which does NOT describe the role that workers play in the economy?

The role that does not describe the role of workers in the economy is act as both consumers and producers. They were never consumers and producers in the economy, they only help in production and make decisions based on business model

Question 3

In economics, businesses do all EXCEPT which of the following?

Businesses does not guide the economy In economics rather they hire workers that helps to carryout production activities among others and organize production and either purchase resources or produce the resources

Question 4

Which of the following statements best describes the results provided by market research?

Market research helps producers understand market forces better, the market forces has to do with the law of demand and supply which helps to acquire the market skills and plan for future occurrence.

Question 5

Which consumer purchase is the result of peer pressure?

mirrored sunglasses because all your friends have them

Question 6

Consumers play an important economic role because they decide on what goods and services to use and buy, how much to buy, and what prices they are willing to pay for it.

True

Question 7

Producers try to satisfy the needs and wants of consumers for goods and services. They have to understand what consumers need or want and how much they are willing to pay for those goods and services.

True

Question 8

Culture, peer pressure, price, and environmental changes influence the decisions made by producers and consumers.

True

Question 9

Which of the following activities shows the government playing the role of producer?

The government buys materials to build a bridge.

Question 10

Which of the following activities shows the government playing the role of consumer?

The government uses electricity to run its offices.

Explanation:

3 0
3 years ago
Fujitsu Siemens Computers is a legally independent company of which Fujitsu and Siemens each own 50 percent. This collaboration
Ierofanga [76]

Answer: Fujitsu Siemens Computers is a legally independent company of which Fujitsu and Siemens each own 50 percent. This collaboration is an example of a(n) JOINT VENTURE, which is effective at transferring KEY KNOWLEDGE.

Explanation: A joint venture is a kind of business formation which involves the coming together of two or more independent companies retaining their individual identities but functioning in some areas as one.

The companies involved in a joint venture come together to share key ideas used to improve each other and also funding.

7 0
3 years ago
Can anyone help me with this?
Nastasia [14]
I think it's the first one

8 0
3 years ago
Read 2 more answers
Other questions:
  • Domanico Co., which produces and sells biking equipment, is financed as follows: Bonds payable, 10% (issued at face amount) $2,0
    8·2 answers
  • How can you control your nervousness and make it work for you in your speeches?
    11·1 answer
  • The sales manager is convinced that a 11% reduction in the selling price, combined with a $70,000 increase in advertising, would
    13·1 answer
  • Due to a labor strike, Clifford is considering purchasing the subcomponents from an outside supplier for $250 per unit rather th
    15·1 answer
  • The following information applies to the questions displayed below.
    10·1 answer
  • Arkensland is a highly industrialized countr. Prices have been steadily increasing over the last few years and inflation reached
    12·1 answer
  • Which of the following statements is false? Select one: a. because manufacturing plants and warehousing can be very expensive to
    9·1 answer
  • An inexperienced accountant for Cheyenne Corp. showed the following in the income statement: income before income taxes $371,000
    13·1 answer
  • Perez Company acquires an ore mine at a cost of $1,400,000. It incurs additional costs of $400,000 to access the mine, which is
    10·1 answer
  • wilson brothers partnership has the following income and expense items: gross receipts $500,000 cancellation of debt 15,000 roya
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!