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
lana [24]
3 years ago
13

One difference between the short run and the long run is that perfectly competitive​ firms: A. always earn more economic profit

in the long run. B. always earn positive economic profit in the short​ run, but never in the long run. C. can earn​ positive, negative, or zero economic profit in the short​ run, but will earn zero economic profit in the long run. D. earn zero economic profit in the short​ run, but will earn positive economic profit in the long run.
Business
1 answer:
AveGali [126]3 years ago
5 0

Answer: The correct answer is "C. can earn​ positive, negative, or zero economic profit in the short​ run, but will earn zero economic profit in the long run".

Explanation:  

In perfect competition we have a dynamic economy with technology and changing consumer tastes, we will always have some competitive industries with economic benefit and others with economic losses, as adjustments are made.

The economic benefits are forced to zero because companies enter without barriers to entry into the industry.

Losses are eliminated due to companies that leave the industry to obtain at least a normal profit elsewhere and  Resources are reallocated, from industries that have losses, to industries that have economic benefits.

Therefore, in the short term it is possible for companies to obtain extraordinary benefits, while in the long term the entry and exit of companies eliminates these exceptional benefits.

You might be interested in
A prospective buyer is interested in purchasing a vacant lot in a rural subdivision. The buyer wishes to know about sewer assess
yanalaym [24]

Answer:

Real Estate Law Commissioner

Explanation:

Based on the information in the question it can be said that the source that provides all of this information is the Real Estate Law Commissioner. Other than creating and enforcing real estate law, the commissioner acts as the source that provides all of the information being requested in the question including sewer assessments, liens, utilities to the lot, blanket encumbrances and street maintenance.

If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Pace Co. borrowed $10,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-
mars1129 [50]

Answer:

Explanation:

Amount of interest need to paid is 30 day month

= 10000×(1.075)×30/360 = 60.42

Simple interest formula is

Interest for year is = 10000×7.5% = 750

Per month is = 750×30/360 = 60.42

8 0
3 years ago
In which situation may completion of an approved refresher course or 120 hours of continuing education most likely be required
mel-nik [20]

A practicing nurse who allowed her license to lapse about 7 years ago because of family raising may be required to complete an approved refresher course or 120 hours of continuing education.

A nurse can opt to let their medical license lapse if they want to raise a family since they need to give a full attention.

  • However, the nurse can obtain new license by completing an approved refresher course or 120 hours of continuing education.

Read more about this here

<em>brainly.com/question/4666914</em>

6 0
3 years ago
Fresh Baked Goods has 36,800 shares of stock outstanding at a market price of $24.91 per share. What will be the price per share
Cloud [144]

Answer:

$23.50 per share

Explanation:

The computation of the price per share after considering the stock dividend for the 6% is shown below:

= (Number of shares outstanding × market price per share) ÷ (Number of shares outstanding × 1 + stock dividend )

= (36,800 shares × $24.91) ÷ (36,800 shares × 1.06)

= $916,688 ÷  39,008 shares

=  $23.50 per share

Hence, the price per share is $23.50 per share

5 0
3 years ago
Assume that skilled labor costs twice as much as unskilled labor, a profit-maximizing firm will
N76 [4]

Assume that skilled labor costs twice as much as unskilled labor, a profit maximizing firm will hire until the marginal product of unskilled labor is half that of skilled labor.

A profit maximizing firm is a firm that tries to create products that are of good quality at the barest or smallest cost.

The marginal product falls after an additional amount of the resource has been added. It is the extra amount that is gained due to the addition of an extra unit.

Due to the fact that both the skilled and unskilled would decrease eventually, the company would have to hire both at equal marginal products.

Read more on brainly.com/question/25706143

4 0
3 years ago
Other questions:
  • Sairs Info Solutions is a firm that develops software applications for other companies. After the company moves into a new offic
    8·1 answer
  • The following data are for the two products produced by Tadros Company.Product A Product BDirect materials $15 per unit $24 per
    8·1 answer
  • Entrepreneurs drive innovation in a free-market system by introducing ________.
    8·1 answer
  • All of the following items are considered manufacturing costs except for: * Source: Retired ICMA CMA Exam Questions. Tires for a
    15·1 answer
  • According to "The US Economy: Private and Public Sectors", goods provided by government that fit the definition of a public good
    5·1 answer
  • Sunk costs:
    10·1 answer
  • Explain how organizational culture molds the thinking and outlook of those participating in criminal justice. Specifically ident
    8·1 answer
  • A corporate culture is generally defined as the
    8·1 answer
  • What are the scopes of organizations? ​
    7·1 answer
  • When the supply curve shifts out (to the right) and the demand curve shifts out (to the right), the equilibrium quantity will:
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!