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djverab [1.8K]
3 years ago
13

In the short run, a perfectly competitive firm will always shut down if total revenue is ____ at all positive output levels. les

s than total cost less than total cost but greater than variable cost less than total cost but greater than fixed cost greater than fixed cost
Business
1 answer:
sdas [7]3 years ago
4 0

Answer:

None of the options is correct.

Explanation:

In a perfectly competitive market a company will shut down in the short run if its product's price is less than the variable cost (total revenue is less than total variable costs).

Since all the companies are price takers in a perfectly competitive market, then the company cannot increase their prices, so they will temporarily shut down until the equilibrium price increases above its variable cost.

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A) Its the best way to fully understand what the career involves
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3 years ago
Exercise 15-19 (LO. 3,4) Henry, a freelance driver, finds passengers using various platforms such as Uber and Grubhub. He is sin
Oksi-84 [34.3K]

Answer:

Qualified Business Income Deduction is $9,800

Tax liability = $4,564

Explanation:

Qualified business income is calculated by subtracting an individual's ordinary deduction from a qualified business or trade from the individual's ordinary income.

Net income = $61,000

Standard deduction = $12,000

Modified taxable income;

$61,000 - $12,000 = $49,000

QBI Deduction (Sec 199A) is the lesser of:

[0.2 × 49,000 < 0.2 × 61,000]

$9,800 < $12,200

Therefore Qualified Business Income Deduction is $9,800

Taxable income = $(49,000 - 9800) =$39,200

5 0
3 years ago
A bond has a Duration (not Modified) of 4.2 years and is priced at 99.50. Its yield is 3%. How much will its price change if the
saw5 [17]

Answer:

1.22%

Explanation:

The modified duration of the bond gives an indication of change in price due to a 1% change in the yield to maturity,hence, the bond modified duration is computed using the formula below:

modified duration=Macaulay Duration/(1+YTM)

Macaulay Duration=4.2

YTM(initial)=3%

modified duration=4.2/(1+3%)= 4.08  

That for 1% change in yield to maturity price would change 4.08%

0.3% change in yield(3.3%-3%)= 4.08%*0.3%=1.22%

4 0
2 years ago
Agile project management is superior to traditional project management in which of the following situations?
OleMash [197]

Answer:

The correct answer is (d) when you have a small, experienced team assigned to work on the project .

Explanation:

Agile project management is a project management methodology that is defined by its signature iterative and incremental approach to achieving requirements throughout the project life cycle. Its particularly suited for small dynamic projects and relies heavily on teamwork.

Traditional project management is a project methodology that emphasizes on a sequential predetermined approach to the project life cycle. The procedures to be followed throughout every phase of the project's life is already laid out. Changes to the laid down plan are not anticipated.This project management style is preferred  for larger projects.

In conclusion,when you have a small, experienced team assigned to work on the project  then you should utilize the agile project management style. Since the team is small, they are more suited to handle a smaller or medium project and  will have to rely more on their teamwork to ensure project success. A traditional project management approach would require a bigger team whose experience wouldn't add any substantial edge since the project plan is already laid out. Additionally, a traditional project management approach is inherently personnel intensive, whereas the available personnel is smaller.

8 0
3 years ago
Read this excerpt describing the mission of the World Bank. The World Bank is a vital source of financial and technical assistan
Scilla [17]

Answer: The World Bank aims to improve living standards

Explanation:

According to this excerpt, one major way that the World Bank differs from a regular bank is that The World Bank aims to improve living standards.

Unlike the other banks such as commercial banks that give out loans or help customers keep valuables, the World Bank is a source of financial and technical assistance to developing countries around the world. They seek to improve the living standards of the people and bring about economic growth.

6 0
2 years ago
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