Answer:
It occur where MR = MC
Explanation:
Perfectly competitive organization or firm is the one who is price taker, which states that they must accept the price at which it sells the goods to consumer.
In a firm that is a perfectly competitive, the level of output as well as the price happen where the Marginal Cost is equal to the Marginal Revenue.
It is stated as MR = MC.
Businesses engage in research and development (R&D) when they want to produce new products or find ways to enhance the ones they already have. Larger businesses might have their own in-house research and development group that will evaluate and improve items or procedures prior to use in the marketplace.
The creation of new knowledge is what research and development do. It is a task that businesses carry out in order to create new goods, methods, or services, or to enhance ones that currently exist. Businesses frequently assume risk in order to achieve this.
While the development stage of research and development comprises the processes necessary to bring a new or modified product or process into production, applied research advances the findings of basic research to the point where they can be used to address a particular need.
For more information on research and development visit:
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500 <<<<<<<<<<<<<<<<<<<<<<<<<<
Answer:
what was the company’s revenue for 2022?
$3802000
Explanation:
Beginning RE + Net Income (Profit or Loss) – Dividends = Ending RE
retained Earnings 928000
begining Equity 1285000
issued 1262000
Pid dividens 242000
928000+profit-3500000-242000=988000
Profit=988000-928000+3500000+242000
Revenue=3802000
