Answer:
so that way you don't stick out and people start wanting to hang out with you because you look cool
Explanation:
A profit maximizing competitive firm in a market with NO externalities will produce the quantity of output where
- price = marginal cost
- marginal revenue = marginal cost
- marginal benefit = marginal cost
Option D
<u>Explanation:
</u>
All of the options are true.
In a highly competitive market, companies set marginal incomes at marginal cost level (MR= MC) in order to make a profit. MR is the pitch of the profit curve, which represents the (D) and price (P) of the demand curve as well.
It is necessary to have positive, or negative economic benefits in the shorter term. The company profits whenever the price exceeds the total average cost. The company loses on the market if premiums are less than average total costs.
Answer:
Explanation:
In this question, we apply the lower of cost or market (LCM) rule which is shown below:
For Product 1
The Cost is $20
And, the market value = Selling price - selling cost - normal profit margin
= $40 - $6 - $5
= $29
So, the lower value would be $20
For Product 2
The Cost is $90
And, the market value = Selling price - selling cost
= $120 - $40
= $80
So, the lower value would be $80
For Product 3
The Cost is $50
And, the market value = Selling price - selling cost - normal profit margin
= $70 - $10 - $12
= $48
So, the lower value would be $48
In the product 2, the replacement cost is 85 and the market value without considering the normal profit margin is $80 which is less than the replacement cost that's why we do not take the normal profit margin
Answer:
This finding is explained by the fact that ratios express relationships between variables not in absolute terms but in relative terms. The variables used for calculating the income inequality ratio in England takes into consideration the level of income distribution and the population. These may not be equal to the level of income distribution and the population of Guatemala. For instance, if England's income inequality ratio is 10% and Guatemala's is also 10%, it does not mean that they have the same amount of population and income distribution. Each ratio is expressed in relation to its related variable. England's variables cannot be used to express Guatemala's.
Explanation:
To measure inequality ratios for England and Guatemala one divides the standard deviation of the income distribution of England and Guatemala respectively by their means. These are separate indices in value terms.
