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BabaBlast [244]
3 years ago
15

In the short​ run, a monopolistically competitive firm will A. select the rate of output where price equals marginal cost. B. ma

ke a profit. C. not advertise because the effects will not be realized until the long run. D. select the rate of output where marginal revenue equals marginal cost.
Business
1 answer:
stepan [7]3 years ago
3 0

Answer:

Option D is correct.

<u>Select the rate of output where marginal revenue equals marginal cost </u>

Explanation:

Reason: Profit = Revenue - Cost

To maximize profit we take the derivative. Results in in Max Profit occurring at Marginal Revenue = Marginal Cost

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The deadweight loss from a tax is likely to be greater with a good that has Select one: a. many substitutes. b. an inelastic dem
Lorico [155]

The deadweight loss from a tax is likely to be greater with a good that has many substitute.

<h3>What is deadweight loss?</h3>

This refers to scenario, tax imposed create loss of economic sufficiency; when the supply of goods and services aren't met.

Dead weight loss is the inefficiency that occurs when the market is not in equilibrium.

Learn more about deadweight loss here: brainly.com/question/26362939

#SPJ1

3 0
2 years ago
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asambeis [7]

Answer:

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6 0
2 years ago
Keynesians a. advocate for a laissez-faire approach. b. believe that equilibrium may exist at less than full employment.c. belie
Olin [163]

Answer:

c. believe in the use of fiscal policy to stabilize the economy.

Explanation:

According to Keynesian theory, the sum of some micro-economic behaviors of all individuals and businesses results in inefficiency and the economy operates at a level below its potential output and growth. When total demand for products is insufficient, the economy enters a crisis and unnecessary unemployment arises due to defensive behavior of the producers. In such cases, the government may pursue policies to increase aggregate demand, and as a result may accelerate economic activities and reduce unemployment. Most Keynesian propose policies to stabilize the business cycle. For example, when the unemployment level is too high, the state can pursue a growth-oriented monetary policy.  , one of the most famous of his critiques, Keynes argues and did not agree with "The Laissez-faire" that he opined  the doctrines of laissez-faire are dependent on some extent on a case-by-case basis.

8 0
3 years ago
Andrea and Phillip have been married for two years when they walk into the local State Farm agent's office. They see a banner (w
Amanda [17]

Answer:

$343

Explanation:

Andrea and Phillip's annual premium cost can be calculated using the cost per thousand formula:

cost per thousand = annual premium / thousands of coverage

  • cost per thousand = $0.98
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$0.98 = annual premium / 350

annual premium = $0.98 x 350 = $343

5 0
3 years ago
The accounts receivable turnover is computed as __________ divided by __________. sales; accounts receivable sales; average acco
tekilochka [14]

Answer:

sales ; average accounts receivables

Explanation:

Accounts receivable turnover refers to how a business firm manage its assets. Businesses, companies uses accounts receivables to know and quantify how perfectly goods bought on credit by their customers are being paid back. It also measures how business gives credit and collects back it's debt .It is calculated as net sales divided by average accounts receivables.

6 0
3 years ago
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