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stellarik [79]
3 years ago
15

In a purely competitive market, a firm finds that at its MR=MC output level the Total Variable Cost (TVC) equals $550, Total Fix

ed Cost (TFC) equals $250, and Total Revenue equals $700. The firm should___________.
a. produce because it will realize an economic profit.
b. produce because it can still cover its total costs.
c. shut down in the short run.
Business
1 answer:
sergey [27]3 years ago
6 0

Answer:

The correct option is B

Explanation:

A pure competition is describes as a market which has a wider range of competitors, those are selling the same kind of products.

A purely competitive market involves or comprise of the large or huge numbers of the firms who are making the standardized product, the market prices are determined by the demand of consumer.

In this case, MR is equal to MC, TVC is $550, Total revenue is $250 and TFC is $250. So, the firm have a scope for producing as it could still cover the total cost.

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Answer:

MRCORRECT has answered the question

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3 years ago
The estate in bankruptcy does NOT include one of the following:_______
Vlada [557]

Answer:

Property that was sold three years ago by the debtor(A)

Explanation:

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5 0
4 years ago
Examine the methods that FNB can use to compete with other banks in South Africa
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Which of the following is not a good guideline to follow regarding the use of handouts?
masha68 [24]

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The option about using a mix of serif and sans serif fonts for the text is not good. This is because the preferred font is usually Times New Roman.

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