All categories

3 years ago

Why does demand equal marginal revenue for perfectly competitive firms

1 answer:

6 0

Specifically, price only equals marginal revenue in perfect competition. Price equals MR in perfect competition because your demand curve is horizontal. No matter how much you produce, it always sells at the same price. In other market structures, you can raise or lower prices.

You might be interested in

Round 2895 to the nearest 10

SpyIntel [72]

So, in order to round the the tens, we need to look at the ones place.

So we look at the underlined digit and see if it is 5 or higher (it is)

289<u>5</u>

So, since it's 5, we raise the next place up. so now the 10's place has 10, so we need to raise the next place up further.

2900

3 0

3 years ago

Read 2 more answers

What is the answer to this question?

inessss [21]

Answer:

4x^2-7x+3

Step-by-step explanation:

(4x-3)(x-1)

4x^2-4x-3x+3

4x^2-7x+3

3 0

2 years ago

The ordered pairs show (height in inches, men’s shoe size). (70, 9.5) (67, 8) (69, 9) (72, 11.5) (68, 7.5) (60, 6) (71, 11) Use

erma4kov [3.2K]

Answer: A

Step-by-step explanation:

I just answered this question on edg

4 1

3 years ago

Read 2 more answers

Holly I'm making gingerbread men take them both 2 minutes to make childrens bracelets at this rate how many people are needed to

lesya [120]

So all you have to do is multiply 400 times 400 which is 160,000 and divide 169,000 to 2 which is 80,000

4 0

2 years ago

Calculaye the perimeter and area of these composite shapes

lora16 [44]

For this case we have that the perimeter of the figure is given by the sum of the lengths of the sides, that is:

$14 + 18 + 3 + 4 + 3 + 4 + 3 + 4 + (14-9) + (18-12) = 64$

Thus, the perimeter of the figure is 64 centimeters.

Now, we find the area of the figure:

We have that by definition, the area of a rectangle is given by:

$A = a * b$

Where:

a and b are the sides of the rectangle

We have 4 vertical rectangles from left to right:

$A_ {1} = 14 * (18-12) = 14 * 6 = 84 \ cm ^ 2\\A_ {2} = (3 + 3 + 3) * 4 = 9 * 4 = 36 \ cm ^ 2\\A_ {3} = (3 + 3) * 4 = 6 * 4 = 24 \ cm ^ 2\\A_ {4} = 3 * 4 = 12 \ cm ^ 2$

Thus, the total area is $A_ {t} = 156 \ cm ^ 2$

Answer:

The perimeter of the figure is 64 centimeters.

$A_ {t} = 156 \ cm ^ 2$

4 0

3 years ago