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sashaice [31]
3 years ago
13

The basic model of pure competition reviewed in this chapter finds that in the long run all firms in a purely competitive indust

ry will earn normal profits. If all firms only earn a normal profit in the long run, firms will develop new products or lower-cost production methods because they can do?
Mathematics
1 answer:
marissa [1.9K]3 years ago
5 0

Answer:

Companies must strive to improve their products and services within the framework of healthy competition.

Step-by-step explanation:

The competition is a situation of companies that compete in a requested market or demanding the same product or service. This implies that companies must strive to improve the balance of normal earnings.

creating new products or new solutions of lower cost. In this sense, if companies can innovate, they can obtain economic gains in the short term, and increase their profits.

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PLEASE HELP ME WITH THIS
Elenna [48]

9514 1404 393

Answer:

  $0.50/lb

Step-by-step explanation:

The increase in cost is $40-25 = $15 for an increase in weight of 50-20 = 30 lb. That makes the cost per pound be ...

  cost/pounds = $15/(30 lb) = $0.50/lb

6 0
2 years ago
225% of what number is 81
Airida [17]
To find a percentage of a number we multiply the percentage times the number and get the result, here we have the percentage and the result and need to find out which number it corresponds to, lets write an equation to do so and keep in mind that the percentage itself can be written in a different way:
225% = 225 out of 100 = 225/100
So we have this equation, where we call x the number we are looking for:
<span>(225%)(x) = 81
</span>(225/100)(x) = 81
so we solve for x:
225x = 81*100 = 8100
x = 8100/225
x = 36
The original number is 36, hence 225% of 36 is 81
4 0
3 years ago
Olivia wants to cut 3 3/4 inches from a piece of string.She has already cut off 2 9/16 inches from the piece of string.How much
Roman55 [17]

Answer: she still has to cut off 19/16 inches.

Step-by-step explanation:

Olivia wants to cut 3 3/4 inches from a piece of string. Converting 3 3/4 inches to improper fraction, it becomes 15/4 inches.

She has already cut off 2 9/16 inches from the piece of string. Converting 2 9/16 inches to improper fraction, it becomes 41/16 inches.

Therefore, the length of string that is left for her to cut off would be

15/4 - 41/16 = (60 - 41)/16

= 19/16 inches

6 0
3 years ago
Suppose the circumference of a circle is 3 pi. What is the diameter?
Charra [1.4K]
This was asked already
c=pid or
c=2pir

use first one
c=3pi
3pi=c=pid
3pi=pid
divide by pi
3=d
diameter=3 units
7 0
3 years ago
Read 2 more answers
Lil makes $3.51 am hour more than Noah. Both of them worked for 42 hours on a project. Together, they made $1147.02 what is Noah
finlep [7]

Answer:

999.60

Step-by-step explanation:

$3.51 times 42 is 147.42 and 1147.02 minus 147.42 is $999.60

TBH this might not be right I'm not great at math buuut- heeeyy

8 0
2 years ago
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