1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
algol13
3 years ago
9

When the firms in the industry are just able to cover their cost of production, economic profit is zero. Therefore, if demand fa

lls, causing prices to go down even a little bit, all of the firms in the industry will be driven out of business." True or false? Explain
Business
1 answer:
zheka24 [161]3 years ago
6 0

Answer:

The correct answer is false.

Explanation:

A firm incurs both variable cost and fixed cost in the short run. If the firm is able to cover the variable cost in the short run it will continue operating. However, if it is not able to cover its variable cost it will stop operating.  

So, if the demand falls such that total revenue is not able to cover total cost but the variable cost is being covered, the firm will not stop production.  

In the long run, all the costs are variable. So when the revenue is not able to cover cost, the firms will stop operating.

You might be interested in
Sharon realizes that she needs additional research before she approaches potential investors. What kind of research should she d
Free_Kalibri [48]
The kind of research should she do to effectively evaluate her potential business opportunity would be a feasibility study. It is an assessment of the practicality of a proposed project. It <span>can be used in many ways but primarily focus on proposed business ventures. Hope this answers the question.</span>
5 0
3 years ago
PLEASE HURRY!!!! Nicholas would like to start investing, but he knows nothing about investments. List and describe four common i
V125BC [204]

index funds, mutual funds and exchange traded funds, bonds, and stocks. i think

6 0
3 years ago
In hospitals, dashboards are often used to display performance measures on a routine basis. What type of dashboard tracks metric
Goryan [66]

Answer:

Abstract. Admission rate and length of stay (LOS) are two hospital performance indicators that affect the quality of care, patients' satisfaction, bed turnover, and health cost expenditures. the customer service dashboard reports hospital scores on issues such as meal quality, mortality rate and percentage of transfusions having adverse reactions. FALSEA customer service dashboard provides such scoring information as percentage of patients who would recommend the hospital to others and rating of such items as inpatient parking, courtesy of staff, cleanliness, caring of staff, meal quality, follow-up education and instruction, and pain management, as well as an overall satisfaction. Mortality rate would be reported on the clinical dashboard and percentage of transfusions having adverse reactions.

Explanation:

8 0
3 years ago
Q 5.36: Badger Enterprises purchased aluminum from JG Metals. When Badger Enterprises recorded this transaction, they made entri
disa [49]

Answer: periodic inventory system

Explanation:

The type of inventory system used by Badger Enterprises is the periodic inventory system. The periodic inventory system is an inventory whereby updates are usually done on periodic basis.

In the periodic inventory system, physical count of inventory is done at specific intervals. This is the method used by the company in the question.

5 0
3 years ago
A possible advantage of a horizontal merger for the economy is that: Select one: A. the merging firms could avoid losses B. the
Vesna [10]

Answer:

The answer is "Option c".

Explanation:

The potential value of horizontal economic fusion would be that the fusion company can generate an economy of scale that may result in lower prices. One of the advantages of vertical fusion is once merging companies possess economies of scale through fusion, enabling them to cut production costs & helping companies to benefit from it.

5 0
3 years ago
Other questions:
  • A single-unit investment comprising various stocks, bonds, and other investments is called a _____.
    7·2 answers
  • An analysis of a proposal by the net present value method indicated that the present value of future cash inflows exceeded the a
    14·1 answer
  • "can charge a different price for each customer based on that buyers willingness to pay, they would:"
    15·1 answer
  • A regional jet manufacturer delivers 20 regional jets to an airline under long-term leases. The leaseterms are for 15 years with
    7·1 answer
  • Which of the following describes a situation where the goal of growth is being pursued?
    12·2 answers
  • Suppose that your tuition to attend college is $24,000 per year and you spend $8,000 per year on room and board. If you were wor
    14·1 answer
  • Which label appears on the button when you write the code snippet &gt;undo
    14·2 answers
  • Suppose Nicholas owns a business making Christmas tree ornaments. Currently, he makes 300 ornaments a month. At this level of pr
    7·2 answers
  • what is the role of advertising in increasing and decreasing economic well being, by giving examples from pakistani market, expl
    9·1 answer
  • The market segment that is the focus of a firm’s marketing plan is the
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!