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Elan Coil [88]
3 years ago
14

Suppose the wholesale market for corn is a perfectly competitive market, and all firms in the corn industry are profit-maximizin

g firms. Consider that the market is in short-run equilibrium. Which of the following statements are correctChoose one or more: A. All firms selling corn must have the same marginal cost, regardless of each firm's cost structure. B. Firms that choose not to sell in this market must be earning exactly zero profit. C. Total costs for each firm in the market may be different. D. All firms in the market must be making either positive profits, or exactly zero profit. E. All firms in the market must be earning identical profits.
Business
1 answer:
Ainat [17]3 years ago
7 0

Answer:

Therefore option A is correct.

All firms selling corn must have the same MC regardless of each firms cost structure

Explanation:

In the perfectly competitive market, for profit maximization we set P = MC

In the perfectly competitive market, firms are price taker so demand curve is same for every firm and price is same too, so MC must be same for every firm

Therefore option A is correct ie. all firms selling corn must have the same MC regardless of each firms cost structure.

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I'm also using the process of elimination. With that, I give you my best guess:


A. Because it provides support but no tangible goods.

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QveST [7]

Answer:

The correct answer is the option B: expatriate assignment.

Explanation:

To begin with, the term of <em>expatriate</em> refers to the person who is currently living abroad in a certain amount of time and primarily for work reasons. This professional worker takes a position outside her home country and that could be done as part of a work assignment scheduled by the employer of the individual. Moreover, expatriate assigment individuals also earn more money than the regular workers at home and furthermore the company generally helps the expatriate in relocation assistance and housing allowance.

Secondly, the case of Marika is a general example of expatriate assigment due to the fact that her company may have ordered her to leave for a period of time to other countries in order to find news and investigate about certain topics and in order to do that the company will pay her so she can do her job properly and then go back home and share her information with her colleagues.

4 0
3 years ago
For banks, online transactions are an inexpensive alternative to branch banking. Transaction costs are about ________ per online
MaRussiya [10]

Answer:

The corrects answers that fills the gaps are: 2 cents; $1,07.

Explanation:

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Among the main electronic means of payment can be mentioned: debit cards, credit cards, mobile wallet and internet transactions - electronic banking.

The advantages:

- They are safer than the use of cash.

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- They can be used to make purchases online.

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4 0
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GrogVix [38]

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Check into access. ...

Use sturdy materials. ...

Find a water source. ...

Look for storage space. ...

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Explanation:

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What happens when a country's money loses its function as a store value?
irina1246 [14]
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