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mart [117]
3 years ago
9

Price is constant to the individual firm selling in a purely competitive market because

Business
1 answer:
Ulleksa [173]3 years ago
3 0

Answer:

Option C - each seller supplies a negligible fraction of total supply.

Explanation:

Price is constant to the individual firm selling in a purely competitive market because each seller supplies a negligible fraction of total supply.

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A firm is a competitive seller of output at amarket price of $3. The only resource itrequires to create its product is labor, wh
bulgar [2K]

Answer:

B. $6

Explanation:

Marginal revenue for the worker = change in wage ÷ change in quantity output

Change in wage = (40×$6) - (36×$6) = $240 - $216 = $24

Change in quantity output = 40 - 36 = 4

Marginal revenue for the worker = $24 ÷ 4 = $6

4 0
3 years ago
A(n) _____ facilitates the development of organizational knowledge, skills, and tools to internally charter and manage projects
shepuryov [24]
A PROJECT MANAGEMENT OFFICE facilitates the development of organisational ............................
Project management office refers to a department within a business which defines and maintains standards for projects management within that organisation. It is the one that is responsible for setting standard which are used during the executions of projects by the company.
5 0
3 years ago
Saturn Corporation issued $300,000 par value 10-year bonds at 107 on January 1, 20X3, which Star Corporation purchased. Pluto Co
taurus [48]

Answer:

a. $8,000 gain

Explanation:

The face value of the bonds purchased by Pluto Corporation are $120,000. The bonds are purchased at discount of $1,980.  The bonds have carrying value of $126,019 at the time of purchase. The net gain or loss is calculated by the difference between two values.

$120,000 - $126,019 - $6,019

The discount amount of the bond was $1,980.

Total gain on the bonds approximately ($6,019 + $1,980) = $8,000

8 0
2 years ago
Which of the following is a major difference between a budget constraint and production possibilities frontier?
horrorfan [7]

Answer:

c

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

The PPF is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.  

So, the PPF exhibits diminishing return. The slope of the PPF is different at different points. this makes the PPF a curve

the budget constraint is a straight line that shows the various combinations of goods a consumer can consume given her income. the budget constraint is a straight line because the slope is constant at each point on the curve

Also, the slope of the budget constraint is the relative prices of the two goods

8 0
3 years ago
A perfect price discriminating monopoly produces _____.
attashe74 [19]

Answer:

the same quantity of output as a perfectly competitive market. If anything is wrong let me know since I'm new to answering questions

Explanation:

8 0
2 years ago
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