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frosja888 [35]
3 years ago
12

Firms producing an identical product in a perfectly competitive market are producing at a quantity that maximizes profit. The cu

rrent market price is $4.50 per unit, and the firms are producing at a long-run average cost of $3.50 per unit. Firms in this market experience
Business
1 answer:
Wewaii [24]3 years ago
6 0

Answer:

The correct answer is Profit.

Explanation:

According to the scenario, the given data are as follows:

Current market price = $4.50

Long run average cost = $3.50

As we know the following terms of the market, i.e

  • If market price is greater than the cost, than it will give profit
  • if market price is lower than the cost, than it will give loss.

Hence, from the above statement, as the firm is showing the greater market price and lower cost it will result is Profit to the firm.

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Suppose you are willing to pay ​$1,000 for a​ low-quality used car and ​$8,000 for a​ high-quality used car. If there is a 60 pe
Kisachek [45]

Answer:

Willing to pay $3,800 for a used car.

Explanation:

Low Quality Used Car = $1000

Probability of getting low quality used car = 60%

High Quality Used Car = $8,000

Probability of getting high quality used car = 40%

Since both the low quality and high quality are used cars, we can calculate how much to pay for used car by taking weighted average of high quality and low quality used cars, and, assign weights as the probability of getting each car:

⇒(1,000 * 60%) + (8,000 * 40%)

⇒ 600 + 3,200

⇒ $3,800

3 0
3 years ago
What is 1 and 2/3 divided by 4/5​
nlexa [21]

Answer:

I would say 2.0825‬

Explanation:

1 2/3= 1.666

4/5=0.8

so,

1.666÷0.8=2.0825‬

7 0
4 years ago
Read 2 more answers
What refers to a thorough analysis of the circulation procedures, outlets of distribution, readers, and other factors by compani
Elodia [21]

Answer:

circulation audit

Explanation:

A circulation audit is a term that describes a distinct form of audit which validates publisher's real printing and distribution, and at the same time, verifies publisher's books, records, and documents relating to circulation.

In other words, it is considered as a standardized, authoritative statement of a publication's printing, distribution, and readership.

Hence, CIRCULATION AUDIT refers to a thorough analysis of the circulation procedures, outlets of distribution, readers, and other factors by companies such as ABC

4 0
3 years ago
if a company with multiple shareholding owners merged with another company, how would the merger affect the shareholders
grandymaker [24]

If the merge happens, shareholders of both companies will have a stake in the new one.

Merger announcements will specify what percentage of the combined company each group of shareholders will own  based on the deal's terms. Shareholders whose shares are not exchanged will find their control of the larger company diluted by the issuance of new shares to the other company's shareholders.

To know more about shareholders visit :

brainly.com/question/29803660

#SPJ4

6 0
1 year ago
Charles wants to survey recent customers about the quality of service they received at his small auto service dealership. He has
sergey [27]

Answer:

fast responses at a lower cost

Explanation:

Based on the information provided it can be said that Charles will likely use an online survey primarily because it offers fast responses at a lower cost. This is because the customers receive this in their mail and/or e-mail, and are easily able to fill it out in a couple of minutes. If Charles send's the survey through mail it will be one of the cheapest options other than e-mail which is completely free.

3 0
3 years ago
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