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3 years ago

When a competitive firm finds that the market price is below its minimum average variable cost level, it will sell:

Business

1 answer:

Novosadov [1.4K]3 years ago

5 0

Answer:

The correct answer is option B.

Explanation:

In the perfect co petition firm is a price taker. Firms do not decide price. Price is determined by demand and supply intersection. Firms face a horizontal demand curve. They can only adjust the quantity they supply.

In a perfect competition, if the price is not able to cover the average variable cost, it means that the firm will be incurring losses. The firm will thus shutdown and stop production.

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FDR altered the direction of the nation's economic direction. What were the causes of the Depression? Discuss the cornerstone po

Dima020 [189]

Answer:

The causes of the Great Depression were many and varied, but the impact was visible across the country. By the time that FDR was inaugurated president on March 4, 1933, the banking system had collapsed, nearly 25% of the labor force was unemployed, and prices and productivity had fallen to 1/3 of their 1929 levels.

Later, a second New Deal was to evolve; it included union protection programs, the Social Security Act, and programs to aid tenant farmers and migrant workers. ... In the long run, New Deal programs set a precedent for the federal government to play a key role in the economic and social affairs of the nation.

Explanation:

The Great Recession—sometimes referred to as the 2008 Recession—in the United States and Western Europe has been linked to the so-called “subprime mortgage crisis.” Subprime mortgages are home loans granted to borrowers with poor credit histories. Their home loans are considered high-risk loans.

6 0

3 years ago

It is generally believed that the correct cost for a well-run quality management program should be under what amount?.

allsm [11]

According to Philip Crosby, the correct cost for a well-managed quality management programme should be less than 2.5 percent.

<h3>What is quality management programme ?</h3>

A quality management programme that integrates all quality processes is easily capable of meeting FDA and ISO quality standards. This can be a boost to productivity because, with the right QMS software, it can almost manage itself.
Companies with this level of efficiency can produce more, faster, and at a lower cost.
Quality management encompasses all project management activities required to put a quality plan into action. The following are the fundamental components of an organization's approach to quality management: Quality system - the structures, procedures, and processes that are used to implement quality management.
By incorporating a quality assurance programme into your customer relationship management system, you can monitor your employees' performance and ensure that they adhere to the standards you have established. It allows you to know if you've set the right benchmarks and how to change them.

To learn more about quality management programme refer :

brainly.com/question/7498492

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6 0

1 year ago

Which of the following statements is true of feature appeals? Multiple Choice

Vesna [10]

Answer:

Letter A is correct. They present attributes that can be the basis of rational purchase decisions.

Explanation:

Rational appeal is used by the marketing team as an advertising strategy to encourage buying. Persuasive arguments of reason and logic are used to convince the consumer to purchase a particular good or service. To effectively apply this strategy, marketers must provide technical product specifications, data, statistics, and relevant information that will motivate buying by rational appeal.

8 0

3 years ago

In its 2014 annual report, Campbell Soup Company reports beginning-of-the-year total assets of $8,113 million, end-of-the-year t

mr_godi [17]

Answer:

a. The asset turnover is $1.0061

b. The profit margin on the sale is 9.7605%

c. The return on an asset is 9.82%

Explanation:

a. In order to calculate the company asset turnover we would have to make the following calculation:

asset turnover=Turnover/Average operating assets

According to the given data:

Turnover=$8,268 million

Average operating assets=beginning-of-the-year total assets+nd-of-the-year total assets

Average operating assets=$8,113 million+$8,323 million

Average operating assets=$8,218 million

Therefore, asset turnover=$8,268 million/$8,218 million

asset turnover=$1.0061

b. In order to calculate the company profit margin on the sale we would have to make the following calculation:

profit margin on the sale=Net income*100/sales

Net income=$807 million

Therefore, profit margin on the sale=$807 million*100/$8,268 million

profit margin on the sale=9.7605%

c. In order to calculate the company return on an asset we would have to make the following calculation:

return on an asset=Assets turnover*Profit margin

return on an asset=$1.0061*9.7605%

return on an asset=9.82%

8 0

3 years ago

The distribution of a good or service is called__.

ohaa [14]

Answer: A

Explanation:

4 0

3 years ago

Read 2 more answers