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Dimas [21]
3 years ago
6

Where should you work for your first job?

Business
2 answers:
Greeley [361]3 years ago
5 0
Me personally would choose something simple, such as: Walking dogs, babysitting, or possibly working at a fast food restaurant.
Sveta_85 [38]3 years ago
4 0
Probably a gas station or restaurant. Not fast food, because fast food usually pays minimum wage. Quick trip was paying $12 an hour a while ago which is good pay for a first job. During the summer working at the pool would be a very good job because they usually pay quite a bit and its good for you to swim and be out in the sun.
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Perfectly competitive firms will: increase output up to the point that the marginal revenue of an additional unit of output is e
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Answer:

increase output up to the point that the marginal revenue of an additional unit of output is equal to the marginal cost.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Generally, a perfectly competitive market is characterized by the following features;

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3. Equilibrium price and quantity.

4. Many buyers and sellers.

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Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

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In a nutshell, in the long run equilibrium P = MR = MC.

Where;

P is the profit.

MR is the marginal revenue.

MC is the marginal cost.

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