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svlad2 [7]
4 years ago
5

What is the relationship between a perfectly competitive firm's marginal cost curve and its supply curve?

Business
1 answer:
julsineya [31]4 years ago
8 0

Answer:

C) A firm's marginal cost curve is equal to its supply curve for prices above average variable cost

Explanation:

A perfectly competitive firm maximizes its profit when its marginal cost = marginal revenue. In the short run, it will continue to produce even if the marginal revenue is lower than its marginal costs, as long as the marginal costs are ≥ average variable costs.

Therefore, all perfectly competitive firms should supply products or services following its marginal cost curve as long as the price ≥ average variable costs.

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Gerald's Tire Store sets itself apart from competitors by the extra attention it pays to providing fast, courteous service in a
Elodia [21]

Answer:

Letter c is correct.<u> Macro, or overarching, strategy.</u>

Explanation:

Gerald's Tire Store created a macro or overarching strategy because the company's focus is mainly on the customer.

The focus on the excellence of the services offered to the customer, translate an effective strategy for the positioning of a company in the market, offering a differentiated and quality service provides increased brand value, strengthens the relationship with customers, increases their perception and customer satisfaction. products and services offered.

Creating customer relationships means creating value is a challenge for organizations and requires extra effort from marketers. It is necessary to segment the market to find where your target audience is, what your needs and desires are, then develop and implement a strategic marketing plan to create value, strengthen the brand and ensure a competitive advantage in the market.

7 0
3 years ago
Johnson &amp; Coleman has created a new line of premium quality writing desks. The company marketed the product by highlighting
KIM [24]

Answer:

I believe the answer is d

Explanation:

4 0
3 years ago
Kate's 24-Hour Breakfast Diner menu offers one item, a $5.00 breakfast special. Kate's costs for servers, cooks, electricity, fo
REY [17]

Answer:

The correct answer is option c.

Explanation:

The price of Kate's breakfast special is $5.

The average variable cost is $3.95.

The average fixed cost is $1.25.

The average total cost

= $3.95 + $1.25

= $5.20

The price is not covering the average total cost but it is covering the average variable cost. The firm can continue operating in the short run but stop production in the long run.

6 0
3 years ago
Which of the following provisions of the Sarbanes-Oxley Act addresses the management assessment of internal controls?
Ainat [17]

Answer:

b. codes of ethics for senior financial officers.

Explanation:

according to the Sarbanes-Oxley act:

- The company should be having an expert who is responsible for the auditing andd the company should name the expert and if they are not having the expert they should give a reason.

- A comapny should have a code andd ethics and it should also be applied to the seniors.

4 0
3 years ago
The date the board of directors votes to declare and pay a cash dividend is called the?
harkovskaia [24]

The date the board of directors votes to declare and pay a cash dividend is called the date of declaration.

<h3>What does the declaration date mean?</h3>

A declaration date refers the date on which the board of directors of a company announces the next date of dividend payment. The board of directors of a company announces a cash dividend on a declaration date, which involve paying a certain amount of money per common share.

A declaration statement is issued that mainy includes the details such as the size of the dividend, the record date and its payment date.

Basically, the date on which the directors vote to declare and pay a dividend is called the declaration date.

Learn more about declaration date here:-

brainly.com/question/23156395

#SPJ4

5 0
1 year ago
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