1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
r-ruslan [8.4K]
4 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]4 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.

You might be interested in
Creative Sound Systems sold investments, land, and its own common stock for $31 million, $15.1 million, and $40.2 million, respe
wlad13 [49]

Answer:

Net cash provided from Investing activities is 8,900,000

Explanation:

Statement of cash flows from investing activities

                                                        Amount$

Sale of investment                        31,000,000

Sale of land                                    15,100,000

Purchase of equipment               -25,100,000

Purchase of patents                     <u>-12,100,000</u>

Net cash provided from              <u>8,900,000</u>

Investing activities

3 0
3 years ago
Frederick herzberg believed the best way to motivate employees with through his model of , which expands job content to create m
gayaneshka [121]
The answer is:   "job enrichment" .
_____________________________________________
<span>       "Frederick Herzberg believed the best way to motivate employees with through his model of <u>  job enrichment  </u><u /> , which expands job content to create more opportunities for job satisfaction." 
_____________________________________________</span>
3 0
3 years ago
Hill Co. can further process Product O to produce Product P. Product O is currently selling for $60 per pound and costs $42 per
NARA [144]

Answer:

(A) True

Explanation:

Differential cost is the difference between the cost to produce Product O and produce Product P; in this case it’s the additional cost of $13 per pound to produce

So the statement “The differential cost of producing Product P is $13 per pound” is true

6 0
3 years ago
Under the __________ system the number of choices in the market is directly related to government involvement in markets
stealth61 [152]
COMMUNIST

Under the Communist System the number of choices in the market is directly related to government involvement in markets.

Communist system is a market system wherein all market decisions are made by the government. 
3 0
3 years ago
Finding dominant strategies is often a very way of analyzing a game. Consider the following game: Microsoft and Apple are the tw
STALIN [3.7K]

Answer: Option A -- Choosing low is a weakly dominant strategy for Apple.

Explanation: Dominant strategy in a game theory can be defined as the course of action that occurs when one strategy/player is better than the other strategy/player regardless of what the other player does or how well the other player may play. dominant strategy is all about a player who has the highest favours in a game. Considering the above matrix, we know that Apple has the dominant strategy. And for apple to choose low is a weakly dominant strategy for it.

7 0
3 years ago
Other questions:
  • What is the ultimate aim of customer relationship management maintain high customer loyalty?
    15·1 answer
  • What percent of all businesses in the United States are corporations, and they account for 80% of the total business dollars gen
    15·1 answer
  • At equilibrium in a market for a product, the total revenues received by sellers equal the
    12·1 answer
  • OB research on job performance and individual characteristics draws primarily from studies in ___________. a.social relationship
    13·2 answers
  • The FASB's conceptual framework's qualitative characteristics of accounting information include:A. Historical cost.B. Realizatio
    11·1 answer
  • holdy Inc's bonds currently sell for $1,275. They pay a $120 annual coupon and have a 20-year maturity, but they can be called i
    10·1 answer
  • What is the main purpose for the operation bank
    11·1 answer
  • The tables show the utility Parker experienced from consuming varying quantities of waffles and pancakes. Assume that waffles co
    7·1 answer
  • Bryant leased equipment that had a retail cash selling price of $750,000 and a useful life of six years with no residual value.
    9·1 answer
  • accounting information is if similar items are treated the same way among various companies highlighting similarities and differ
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!