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r-ruslan [8.4K]
3 years ago
15

For a perfectly competitive firm, which of the following is not true at profit maximization?a. Total revenue minus total cost is

maximizedb. Price equals marginal costc. Marginal revenue equals marginal costd. Market price is greater than marginal cost
Business
1 answer:
topjm [15]3 years ago
5 0

Answer: Option (d) is correct.

Explanation:

Correct option: Market price is greater than marginal cost.

In a perfectly competitive market, there are large number of buyers and sellers. So, price is determined by the market forces.

At a point of profit maximization, price is equal to the marginal cost and we have to maximize the difference of the total revenue and total cost. It was not seen in a perfectly competitive market that the price is above the marginal cost at a profit maximizing point.

Therefore, option (d) is not true.

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You purchased a stock at a price of $53.36. The stock paid a dividend of $1.87 per share and the stock price at the end of the y
kotykmax [81]

Answer:

Total return = 14.94%

Explanation:

Options are <em>"14.17% , 13.40% , 14.94%, 11.43%, 3.50%"</em>

End price = $59.46

Beginning price = $53.36

Dividend = $1.87

Total return = (End price - Beginning price + Dividends) / Beginning price

Total return = ($59.46 - $53.36 + $1.87) / $53.36

Total return = $7.97 / $53.36

Total return = 0.1493628185907046

Total return = 14.94%

4 0
3 years ago
the body that determines how taxes will be used to support schools, what will or will not be taught, and the length of the schoo
DerKrebs [107]

The body that determines how taxes will be used to support schools, what will or will not be taught, and the length of the school day and year is the .  <u>state legislature.</u>

<u></u>

State Legislature is the frame that determines how taxes will be used to aid colleges, what is going to or will no longer learn, and the length of the college day and year.

The protection and control of public schools is essentially the duty of the state legislature. The formation, choice, and manage of the curricula, educational techniques, and substances used in schools are all relatively prompted with the aid of the states.

Learn more about State Legislature here:-brainly.com/question/24315255

#SPJ4

5 0
1 year ago
Lemony lemonade has​ 3,200 gallons of lemonade in wip​ inventory, with​ 76% of materials already added. The lemonade is​ 50% thr
rosijanka [135]

Based on the process that Lemony Lemonade uses to make lemonade, the equivalent units for conversion​ costs is 1,600 units.

<h3>What equivalent units are for conversion costs?</h3>

This can be found as:

= Number of units that are WIP x Percentage of completion

Solving gives:

= 3,200 x 50%

= 1,600 units

Find out more on equivalent units at brainly.com/question/16259709

#SPJ1

4 0
2 years ago
The Pennsylvania Turnpike is a tolled freeway running through the state of Pennsylvania. Motorists must pay tolls at various poi
slamgirl [31]

Answer: Private good

Explanation:

  According to the given scenario, the Pennsylvania Turnpike is classified the private type of good on the basis of given situation as private good is one of the type of goods that must be purchased by the customers due to its positive advantages or benefits.

The private goods are consumed by the customer in maximum amount in the market as it is one of the essential type of good as it is Rivalry and excludability.  

The following are some example of the private goods are as follows:

  • Food
  • Clothes
  • Fresh air
  • Knowledge

 Therefore, Private good is the correct answer.   

 

4 0
3 years ago
How much total interest will she pay over the course of the mortage for this house
Novosadov [1.4K]

Answer:

How are we suppose to know??????

Explanation:

4 0
3 years ago
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