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krek1111 [17]
3 years ago
15

To maximize profit, a perfectly competitive firm:_____.

Business
1 answer:
dmitriy555 [2]3 years ago
3 0

Answer:

D

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

Profit is maximised where marginal cost equals marginal revenue.

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During​ recessions, American firms lay off a larger proportion of their workers than Japanese firms do. ​ (It has been claimed t
bekas [8.4K]

Answer:

The answer is "choice a"

Explanation:

In the given question the missing choices is added in attached file please find it.

The additional output produced through hiring an extra item of such an input reflects the marginal product (MP). For the very first time. for example, its marginal labor productivity was increased output generated by recruiting additional work.  

This law diminishing marginal returns as more as units that even the marginal result of even an input, that is hired input.  

In other words, any additional work input would generate less than a previous employee because recruiting additional workers decreases expected revenue on jobs, the laid-off of employees, which means the Labor would grow expected revenue.  

In Japan is laying off fewer employees even despite the slowdown it continues to produce strong outputs. The lower-priced revenues and their work remain constant along with their steady overall performance.  

Your medium product (total) item divided by total work would stay intact. United states staff layover to the other side. It laid-off the staff equals higher marginal labor for overall returns it's going to be higher production besides that, lower labor in the United States could mean an increase in the gross labor output but a larger for Japan, more then, that's why the choice a is correct.

3 0
3 years ago
Janice Coleman is a team leader at Jackson Equipment. She has been promoted several times over the past five years and her perfo
maks197457 [2]

Answer:

B

Explanation:

Janice Coleman is a team leader at Jackson Equipment. She has been promoted several times over the past five years and her performance evaluations are outstanding. One of the vice presidents at Jackson has been very friendly to Janice and has served as her mentor. He has also been asking her to go out with him for the past 2 years. She has declined and the vice president has recently suggested that she could be an area supervisor if he became her advocate with the management team. He has indicated he would be willing to do so if they began a personal relationship. Janice does not agree to the relationship and is promoted to area supervisor. Janice has filed a complaint of sexual harassment with the EEOC. Janice has a case for atmosphere of harassment.

Even though Janice got the promotion the vice president created an atmosphere of harrasment by trying to give her a promotion with a condition. His intentiins is what matters here as well as giving her a condition for a promotion even though she eventually got the position. He stirred up the atmosphere for harrasment.

3 0
4 years ago
Explain the concept of the time value of money.
telo118 [61]

Time value of money (TVM) is the concept that an amount of money today is worth more than the same amount of money in the future because of the potential for earnings. This is a basic principle of finance. Money in hand has more value than the same money paid in the future.

Time value of money. Simply put, the value of a given amount of money today is worth more than it will be worth tomorrow. This is not due to temporal uncertainty, it is simply due to timing. The difference between the value of money today and tomorrow is called the time value of money.

Learn more about the time value of money here:brainly.com/question/3811399
#SPJ4

7 0
2 years ago
To stimulate the economy, the Federal Reserve decides that the amount of money in circulation
max2010maxim [7]

Answer:

Lower the reserve requirement ratio

Explanation:

Stimulating the economy requires expansionary monetary policies. These are the actions that increase the money supply in the economy.  When there is an increase in the money supply, people and businesses have more money to spend. An increase in spending means a higher demand for goods and services, which motivates increased production.

Reserves requirement is the proposition of customer deposits that commercial banks retain in their custody at all times. A reduction in the reserve requirement ratio implies that banks can loan out a larger proportion of customer deposits. The amount of money available for banks to issue out as loan increases.  An increase in lending adds to the money supply in the economy, which, in turn, stimulates economic activities.

7 0
3 years ago
Shortly after World War II, John Jackson developed an idea for a machine lubricant that was superior to anything currently on th
slavikrds [6]

This is an example of marketing behavior that would occur during the Sales era of U.S. business history.

Explanation:

Over the years, the principle of marketing has changed and constantly changes. Commercialisation has ostensibly developed through both classical and modern stages.

The era of rivalry was the era of sales. Companies can not market their mass produced goods easily anymore. The selling of products to consumers was becoming increasingly difficult for businesses. In this age, we see the marketing phenomenon as it emerges today. Companies had to encouraging and educating customers to sell products vigorously.

In these days, marketing is viewed in the United States, including the manufacturing period, the distribution age, the selling age and promotion, and is also a large functional field of the business.

6 0
3 years ago
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