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
gogolik [260]
3 years ago
10

For a perfectly competitive​ firm, the price of its good is equal to the​ firm's marginal revenue because

Business
1 answer:
puteri [66]3 years ago
8 0
Because -

individual perfectly competitive firms cannot influence the market price by changing their output
You might be interested in
Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a
OlgaM077 [116]

Answer:

$86,050

Explanation:

Data provided in the question:

Sales = $634,000

Costs = $328,000

Depreciation expense = $73,000

Interest expense = $38,000

Tax rate = 21 percent

Dividends paid = $68,000

Now,

EBIT = Sales - Cost - Depreciation

= $634,000 - $328,000 - $73,000

= $233,000

EBT = EBIT - Interest

= $233,000 -  $38,000

= $195,000

Net income = EBT - Tax

= $195,000 - (0.21 × $195,000)

= $195,000 - $40,950

= $154,050

Addition to retained earnings = Net income - Dividends

= $154,050 - $68,000

= $86,050

7 0
3 years ago
Identify the trade-restraining practice that this example demonstrates. Tubifor, Inc. purchases all available imported lumber so
fomenos

Answer:

"Pursuit of monopoly power" is the correct solution,

Explanation:

  • Through a party, the shareholders of such a monopoly have had the authority to adjust rates, eliminate rivals, thereby dominate the competition within the specific geographical region.
  • Antitrust laws in the United States discourage monopolies and whatever other practices which unduly restrict competitor's commerce. The form of trade restriction shown by this illustration is the acquisition of monopoly control.

Therefore the answer to the above was its right one.

7 0
3 years ago
What are the major components of a business operating plan?​
Mila [183]

Answer:

capital

investors

knowledge in field

8 0
2 years ago
Suppose that an American-made pair of blue jeans has a price of $80. If the exchange rate is $0.095 = 1 peso, then a Mexican con
Natasha2012 [34]

Answer:

The correct answer is 842.1 Pesos and 941.18 Pesos.

Explanation:

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

Price of Jeans = $80

So, if exchange rate is $0.095 = 1 pesos

Then pesos required to buy that jeans can be calculated as follows:

Pesos required = $80 ÷ $0.095

= 842.1 Pesos

And if 1 Pesos = $0.085, then

Pesos required = $80 ÷ $0.085

= 941.18 Pesos

8 0
3 years ago
Fernando was thrilled to find out that his company had just decided to invest a great deal of money in the product he was managi
Anestetic [448]

Answer:

<u>A Star.</u>

Explanation:

The Boston Consulting Group (BCG) matrix depicts a product's market share against the market growth rate. The matrix is also known for it's cow- dog metaphor.

The matrix represents 4 situations namely:

1. Stars : Products with high market share in high growth markets i.e high- high situation.

2. Cash Cows: Products with high market share in low growth markets.

3. Question Mark: Products with low market share in a high growth markets.

4. Dogs:  Products with low market share in low growth markets.

In the given case, the product dominates the market i.e high market share. Secondly, it operates in a high growth market. Which means, the product belongs to the situation of a Star.

8 0
3 years ago
Other questions:
  • your local pawn shop loans money at an annual rate of 24 percent and compounds interest weekly. What is the actual rate being ch
    11·1 answer
  • ____ is not a characteristic common to all organizations. Select one: a. Equal authority and responsibility b. Common goal or pu
    5·1 answer
  • A computer chip manufacturer claims that no more than 2 percent of the chips it sends out are defective an electronics company,
    14·1 answer
  • Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for
    14·1 answer
  • What is the present value on January 1, 2019, of $30,000 due on January 1, 2023, and discounted at 10% compounded annually? $ 95
    9·1 answer
  • Why has the financial crisis raised the average of people retiring?​
    8·1 answer
  • What is it called whenever there<br> is no shortage or surplus in the<br> market?
    8·2 answers
  • If a 30 percent decline in the price of gasoline leads to a 15 percent rise in the quantity of gasoline being bought by consumer
    13·1 answer
  • Consumer mobility refers to the idea that consumers like to find the same products everywhere. An example of a company that sell
    10·1 answer
  • Give any two examples of leakages​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!