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rodikova [14]
3 years ago
13

Suppose a firm hires both labor (L) and capital (C) under purely competitive conditions. The price of labor is PL, and that of c

apital is PC. The marginal product of labor is MPL, and that of capital is MPC. The firm sells its product competitively at a price of PX. Which of the following must pertain if the firm is to minimize the cost of producing any output?a.may be maximizing profits, but it is not minimizing costs b.may be minimizing costs, but it is not maximizing profits. c.is neither minimizing costs nor maximizing profits. d.is minimizing costs and maximizing profits.
Business
1 answer:
olasank [31]3 years ago
6 0

Answer:

The correct answer is C. is neither minimizing costs nor maximizing profits

Explanation:

A company that operates under the conditions described above, moves within a market in purely competitive conditions that ensures linear behavior of demand and supply, which is why it must establish the condition of minimizing costs so that the market does not harm, this means that in the purely competitive market you should not minimize costs or maximize established profits.

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What piece of information is most helpful when you're comparing investments?
padilas [110]
The ROI percentages 

Hope this helps!
3 0
3 years ago
A stronger euro is less favorable for:
Reptile [31]

Group of answer choices.

A. German tourists traveling abroad.

B. American tourists traveling in France.

C. Canadian firms selling in Germany.

D. Canadian investors with money investments in Germany.

Answer:

B. American tourists traveling in France.

Explanation:

A foreign exchange market can be defined as a type of market where the currency of a country is converted to that of another country.

For example, the conversion of the United States of America dollars into naira, rands, yen, pounds, euros, etc., at the foreign exchange market.

In this context, a stronger euro is less favorable for American tourists traveling in France because the currency of the Americans, which is the U.S dollars would exchange at a far lesser rate to the euros.

However, a stronger euro would be more favorable for German tourists that are traveling abroad, Canadian firms that trade or sells its products in Germany, and Canadian investors who are having money investments in Germany.

Note: Euro is the official currency (legal tender or money) of Germany.

5 0
3 years ago
Marcus (20) attends State University and is a qualifying student for the purpose of the American Opportunity Tax Credit (AOTC).
hodyreva [135]

The maximum AOTC that can be claimed by Andre’s parents is $2,500.

American Opportunity Tax Credit means a tax credit on education expenses which are incurred within first four years of a student’s higher education.

  • The full tax credit is allowed when modified adjusted gross income is $160,000 or less.

  • 100% of first $2000 spent on education expenses and 25% of next $2000 of qualifying education expenses.

Maximum AOTC = $ 2000 + (0.25 × $2000)

Maximum AOTC = $2000 + $ 500

Maximum AOTC = $2500

Therefore, the maximum AOTC that can be claimed by Andre’s parents is $2,500.

Read more about adjusted gross income

<em>brainly.com/question/2370788</em>

8 0
3 years ago
What is a popular model for the formation of an atoll?
kipiarov [429]
<span>a volcanic island forms and subsides</span>
3 0
3 years ago
True or false: The first decision that is necessary to make merchandise flow is to choose a transportation company.
pantera1 [17]

Answer:

False

Explanation:

What is a transportation company called?

  • Courier companies are usually spin-offs from freight forwarders.
  • There are various types of courier companies, such as airfreight courier companies or road couriers.

To learn more about it, refer

to brainly.com/question/25689052

#SPJ4

8 0
2 years ago
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