In the short run, a profit-maximizing monopolistically competitive firm sets it price: above marginal cost. Option C. This is further explained below.
<h3>What is
marginal cost?</h3>
Generally, The marginal cost of production is the incremental cost incurred to produce one more unit of a good or service.
In conclusion, Initially, a monopolistically competitive business sets its price at a level above its marginal cost in order to maximize its profits.
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Answer:
D
Explanation:
Repairs shouldn’t be recorded to the equipment (asset) account but should be recorded as an expense instead.
Consumers influence the decisions of producers c) through the purchasing decisions they make.
That statement is false.
Achievements tests are designed in order to measure the knowledge that a certain individual already possess.
If Geena want to measure how quickly that person could acquire new skills, she should administer aptitude tests instead.
The answer is mission statement which is letter a. It defines the company's business, its objectives and its approach to reach those goals in the future which is written in the vision statement. Elements of Mission and Vision Statements are often put together to provide a statement of the company's purposes, goals and values.
