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3 years ago

A perfectly competitive firm maximizes its profit by________.

Business

1 answer:

olganol [36]3 years ago

8 0

Answer:

The correct answer is option A.

Explanation:

A perfectly competitive market has large number of sellers producing homogenous products. As a result, no single firm is able to affect the price level. So all the firms have their individual demand curves as a horizontal line at the price level.

This demand curve also represents marginal revenue. The firm is able to maximize profit when the price and marginal revenue is equal to the marginal cost.

Here, the revenue earned from the last unit of product is equal to the cot incurred in producing the last unit.

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3 years ago

Campbell's has been marketing soup in Japan for more than 40 years. Early on, Japanese consumers were not receptive to ads featu

Alex

Answer:

D, product-communication adaptation

Explanation:

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Cheers.

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3 years ago

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MissTica

Alcohol hand sanitizer

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3 years ago

Three Corners Markets paid an annual dividend of $1.42 a share last month. Today, the company announced that future dividends wi

Mariana [72]

Answer:

$10.82%

Explanation:

The computation of stock value is shown below:-

First we need to find out the expected dividend for computing the stock value

So, Expected dividend = $1.42 × (1 + 1.3%)

= $1.44

Now, Stock value = Expected dividend ÷ (Required return - Growth rate)

= $1.44 ÷ (14.6% - 1.3%)

= $1.44 ÷ 13.3%

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3 years ago

Total costs for Locke & Company at 120 comma 000 units are $ 329 comma 000, while total fixed costs are $ 175 comma 000. T

Yuliya22 [10]

Answer:

For 260,000 units Variable Costs are = $ 154,000/120,000 * 260,000= $1.2833* 260,000= $ 333,667

Explanation:

Locke & Company

Total costs $ 329, 000

Less Fixed Costs $ 175, 000

Variable Costs $ 154,000 for 120,000 units

For 1 unit Variable Costs are = $ 154,000/120,000= $1.2833

For 260,000 units Variable Costs are = $ 154,000/120,000 * 260,000= $1.2833* 260,000= $ 333,667

The total Costs for 260,000 units would be determined by adding Variable Costs and Fixed Costs.

We Suppose the fixed costs are same then = 333,667 + 175,000= $ 508,667

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3 years ago

Read 2 more answers