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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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Which is an example of the associative property?
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-5 + 7= 7 + (-5) they are the same just switched


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3 years ago
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A basketball player made 17 out of 20 free throws at practice. What percent of the free throws did the player make? [Write the n
saw5 [17]
He made 81.5% of the throws at practice
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2 years ago
The dividend is a factor of 60. The divisor is a factor of 18. The quotient is a multiple of 3. Use the numbers to find one poss
Diano4ka-milaya [45]

Answer:

A possible solution is 60/2 = 30

Step-by-step explanation:

The given parameters are;

The dividend is a factor of 60

The divisor is a factor of 18

The quotient is a multiple of 3

The dividend is the amount divided

The dividend is the number that is dividing the dividend

The quotient is the result of the division operation

The given numbers to use are 60, 2, 30, and 18

Therefore one possible solution is 60/2 = 30

The dividend = 60 which is a factor of 60 (60 × 1 = 60)

The divisor = 2 which is a factor of 18 (2 × 9 = 18)

The quotient = 30 which is a multiple of 3 (3 × 10 = 30)

6 0
2 years ago
After 9 new members joined the ski club, there were 38 members. How many members had been in the club previously?
dezoksy [38]

Answer:

Previously, there were 29 members in the ski club

Step-by-step explanation:

Subtract 9 from 38

6 0
3 years ago
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Gertrude takes out a $5,500 subsidized stafford loan, which must be paid back in ten years. gertrude will graduate four years af
Leno4ka [110]

The total amount of interest will Gertrude pay by the time the subsidized Stafford loan is repaid is $2094.80.

<h3>What is compound interest?</h3>

Compound interest is the amount charged on the principal amount and the accumulated interest with a fixed rate of interest for a time period.

The formula for the final amount with the compound interest formula can be given as,

A=P\times\left(1+\dfrac{r}{n\times100}\right)^{nt}\\

Here, A is the final amount (principal plus interest amount) on the principal amount P of with the rate<em> r </em>of in the time period of <em>t.</em>

Gertrude will graduate four years after taking out the loan. if the loan has an interest rate of 6.8%, compounded monthly, and Gertrude makes monthly payments.

Put the values in the above formula as,

5500=P_{mt}\times\left(1-\dfrac{6.8}{12\times100}\right)^{-12\times10}\\P_{mt}=63.29

In the 10 years, the refund she gets,

A_r=63.29\times12\times100\\A_r=7594.8

Interest paid by her is,

I=7594.8-5500\\I=2094.8

Thus, the total amount of interest will Gertrude pay by the time the subsidized Stafford loan is repaid is $2094.80.

Learn more about the compound interest here;

brainly.com/question/24274034

3 0
2 years ago
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