Answer: Marginal revenue is equal to price times quantity
Explanation:
A perfectly competitive market is a market where there's a large number of both the producers and the consumers have full and symmetric information.
In a perfectly competitive market, the marginal revenue is the same as price and the marginal revenue curve is the same as the demand curve facing sellers.
It should be noted that the statement that the marginal revenue is equal to price times quantity is incorrect. The total revenue is equal to price times quantity.
Answer: Option A
Explanation: In simple words, a virtual organisation refers to a group of separate individuals or entities working for a common goal by coordinating their activities via any medium like E- mail or cell phones etc.
In the given case, all the four individuals are working for cutting clients cost and are operating through electronic mediums.
Hence from the above we can conclude that the correct option is A.
False. Average fixed costs are totally different from average variable costs. They can only be equal if by chance the fixed costs are equal to variable costs for a specific level of production
The output of u. S. Citizens who work in Canada would be included in the: D. Gross domestic product.
<h3>What is gross domestic product?</h3>
Gross domestic product can be defined as the value of goods or products produce within a country at a particular period of time.
If a united State of American citizen work in Canada the output of the United State citizen will be added to the Gross domestic product of Canada.
Therefore the correct option is D.
Learn more about gross domestic product here:brainly.com/question/1383956
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$14,000 rupees will be disbursed totally in march.
<u>Explanation</u>:
- The operating cost is $38,000 per month. This is including depreciation. So cash pending on March 1 is $8,000.
- At the end of March month, the cash balance of $6000 is required. So a total of $14,000 is required at the end of the month. Including the labor costs, he wants to pay $14,000.
- He can borrow money in multiples of $1000. For emergencies, this money can be borrowed. So $14,000 should be dispersed in the month of March.
