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.

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If brady has 16 ounces of water and jazmine has 3pints of water hiw many pints does jazmine have?

butalik [34]

If brady has 16 oz he has 1 pint. Jazmine has 3 pints therefore she has 48 oz.

6 0

2 years ago

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The distance from Earth to the sun is about 9.3 × 10 7th power miles.

AURORKA [14]

<u>Answer:</u>

The distance from earth to sun is 387.5 times greater than distance from earth to moon.

<u>Solution:</u>

Given, the distance from Earth to the sun is about $9.3 \times 10^{7} \mathrm{miles}$

The distance from Earth to the Moon is about $2.4 \times 10^{5} \mathrm{miles}$

We have to find how many times greater is the distance from Earth to the Sun than Earth to the Moon?

For that, we just have to divide the distance between earth and sun with distance between earth to moon.

Let the factor by which distance is greater be d.

$\text { Now, } \mathrm{d}=\frac{\text { distance between sun and earth }}{\text { distance between moon and earth }}=\frac{9.3 \times 10^{7}}{2.4 \times 10^{5}}=\frac{9.3}{2.4} \times 10^{7-5}\\\\=3.875 \times 10^{2}=387.5$

Hence, the distance from earth to sun is 387.5 times greater than distance from earth to moon.

5 0

2 years ago

PLEASE HELP ALSO WILL GET THE BRAINIEST ANSWER!!!! ALSO SHOW YOUR WORK!!!!

MAVERICK [17]

I=PRT
I=Interest
P=principal
R=rate in decimal
T=time in years

1year=12months
72months/12months=6 years
t=6

given
I=8925
P=35000
R=r
T=6

8925=35000*r*6
8925=210000*r
divide both sides by 210000
0.0425=r

the interest rate is 4.25%

6 0

2 years ago

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Find the sum and classify the polynomial based on degree and number of terms.

Elis [28]

3rd option or letter c

8 0

2 years ago

1/7 + 6/7 equals1/7 + 6/7 equals

Ivanshal [37]

Answer:

7/7 = 1

Step-by-step explanation:

1/7 is one out of seven part plus 6/7 which is 6 out of seven parts. The denominator does not need to change because it is a common denominator. Just simply add the numerators, 1 and 6 and you get 7. The numerator is divided by the denominator (7/7) which equals to 1.

4 0

3 years ago

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