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
Alex_Xolod [135]
3 years ago
8

In long-run equilibrium, a purely competitive firm will operate where price is ________.

Business
2 answers:
ahrayia [7]3 years ago
4 0

Answer: The correct answer is "D. equal to MR, MC, and minimum ATC.".

Explanation: In long-run equilibrium, a purely competitive firm will operate where price <u>is equal to MR, MC, and minimum ATC.</u>

In perfect competition the companies are accepting price, therefore they will produce as long as the price is equal to the marginal cost and the marginal income thus ensures that the sale of each unit of product does not cost more than the profit obtained from the sale. of this and when the average total cost, that is, the total cost of producing each unit of product, is the least possible.

Elden [556K]3 years ago
3 0

Answer:

A

Explanation:

In long-run equilibrium a purely competitive firm will operate where price is: A. greater than MR but equal to MC and minimum ATC.

A normal profit (zero economic profits) is what we would expect individual firms in a perfectly competitive market to earn in the long run because there are no barriers to entry.

And in long run equilibrium the P = MC (allocative efficiency, more later) and P = minimum ATC (productive efficiency, more later).

The correct answer to the question is A

You might be interested in
In an economy open to international trade ________.
Serjik [45]

Answer: D) saving equals investment as long as NX = 0

Explanation:

The last option was incomplete as it should have said ...NX = 0.

The Income/GDP of a country that is open to international trade is calculated as follows:

Income = Consumption + Investment + Government spending + Net exports

Y = C + I + G + NX

If NX = 0 then the formula becomes:

Y = C + I + G

Investment in this scenario is therefore:

I = Y - C - G

This is the same as savings as savings is calculated by subtracting consumption and government spending from the total income. This is because government spending is derived from taxes so the cash that people get to save is their income less than their taxes and consumption expenses.

S = Y - C - G = Y

4 0
3 years ago
Which statement best explains the law of supply?
oee [108]

(P.S. - in the future you will get better help when you add the possible answer choices!)

The law of supply states that, all other things equal/consistent) an increase in price will result in an increase in supply.

This is because as the price of a product goes up and up, more and more companies will be willing to sell it. The inverse is also true.. as the price goes down, fewer companies will bother selling the item.

5 0
3 years ago
Read 2 more answers
Why is mobile banking considered riskier than online banking?
egoroff_w [7]
Because mobile banking means you are using smartphones or other devices . Online banking is <span>a method of banking in which transactions are conducted electronically via the Internet . So if you doing mobile banking people can steal your bank information</span>
6 0
3 years ago
Read 2 more answers
The following information is for the Jeffries​ Corporation: Product​ A: Revenue ​$18.00 Variable Cost ​$14.00 Product​ B: Revenu
shusha [124]

Jeffries Corporation's Operating Income from the two products is <em>A. ​$35,000.</em>

The operating income is the difference between the revenue and operating costs (variable and fixed costs).

Data and Calculations:

                             Product A     Product B     Total

Revenue                 $18.00           $21.00

Variable cost            14.00              13.00

Contribution            $4.00             $8.00

Fixed costs                                                 $143,000

Total sales units                                            35,600

Sales mix                  3                        1               4

Sales units             26,700           8,900      35,600

Total contribution$106,800      $71,200  $178,000

Total fixed costs                                          143,000

Operating income                                      $35,000

Thus, the operating income is $35,000.

Read more: brainly.com/question/14815746

 

5 0
2 years ago
What is the repitition of the elements of art?​
torisob [31]

Answer:

Repeating of elements in a design.

Explanation:

Repetition is defined as repeating a single element several times in a design. In arts, repeat patterns are used by the artists. Repeat Pattern is the repetition of lines, shapes, colors, textures and forms. Artists and designers used patterns to discover their decorative style, to understand their structural form and to communicate their intrinsic beauty so for these reasons repetition is used.

7 0
3 years ago
Other questions:
  • Sylvia is considering investing in one of two bond packages offered to her by different brokers. Broker U suggests that Sylvia b
    7·2 answers
  • Suzanne's Cleaners is considering a project that has the following cash flow data. What is the project's payback?
    7·1 answer
  • Which of the following are elements you should include in meeting minutes? Check all that apply.
    6·1 answer
  • HELP If overnight delivery makes you think of FedEx, what marketing strategy caused that association in your mind?
    13·1 answer
  • John Freeden is negotiating with Bill Murray to buy Bill's mountain bicycle. The following conversation has taken place: John: "
    12·1 answer
  • "To get out the vote" is an example of what type of mission statement
    10·2 answers
  • Union Pacific Railroad reported net income of $770 million in 1993, after interest expenses of $320 million. (The corporate tax
    15·1 answer
  • Given the rapid advancements in technology in developed countries and fast pace of globalization, it is not possible to bridge t
    9·1 answer
  • Your finance textbook sold 49,000 copies in its first year. The publishing company expects the sales to grow at a rate of 25 per
    5·1 answer
  • Because there are some positive aspects of bureaucracy, as proposed by Max Weber, Therese, a restaurant manager, is interested i
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!