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zalisa [80]
3 years ago
8

The minimum feasible​ long-run average cost for firms in a perfectly competitive industry is ​$48 per unit. If every firm in the

industry currently is producing an output consistent with a​ long-run equilibrium, calculate the marginal cost incurred by each firm and the market price. Marginal cost is ​$ nothing and market price is ​$ nothing. ​(Enter your responses as whole​ numbers.)
Business
1 answer:
nalin [4]3 years ago
6 0

Answer:

Marginal cost is ​<u>$48</u> and market price is ​<u>$48</u>.

Explanation:

in a perfectly competitive industry, price = average cost. At the same time, average cost = marginal cost. So marginal cost = price.

In a perfectly competitive industry, all producers are making 0 economic profit (which is not the same as 0 accounting profit). Since you are making 0 economic profit, that means that your marginal costs will equal the selling price. This is also the point where the firms are maximizing their accounting profits.

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An ""offer"" to sell an item on an online auction site generally is treated as an invitation to negotiate. True or false?
inessss [21]

Answer:True

Explanation: In live auctions, buying and selling of items, and bidding on these items, are done face to face by the auctioneer and the bidder. Online auction sites provide platforms for consumers and producers to buy and sell items over the internet.

Online auctions are different. Because these transactions take place online, and are thus automated, when an "offer" to sell an item occurs then it can be taken as an opportunity to negotiate. Interested parties can make bids on the item, with or without a limit, depending on the auctioneer. Then the party with the highest bid wins the item.

7 0
4 years ago
You are a student at ABC University. You recently read in the school's daily newspaper about a terrific investment opportunity t
Vlada [557]

Answer:

No

Explanation:

An investment that "promises" a 44 percent annual return is most likely a scam, because even the riskiest stocks rarely yield annual returns higher than 10% of the initial investment.

Besides, the option is described as very complicated, and you as a potential investor do not understand it well, which is a very difficult position to be in because it could even lead you to being scammed without realizing.

4 0
3 years ago
The assets of a company total $738,000; the liabilities, $219,000. what are the net assets?
ziro4ka [17]
739,000 - 219,000 = 520,000

The net assets are assets minus liabilities, so it is $520,000 in this case.
4 0
3 years ago
A balance is _____.
Serggg [28]

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money you pay banks

Explanation:

8 0
4 years ago
The idea that it is often necessary to negotiate a shared meaning in order for satisfying communication to occur relates to whic
tresset_1 [31]

Answer:

Letter c is correct.<u> Environment and noise affect communication.</u>

Explanation:

The communication process is extremely relevant to any business. It is through communication that the action process begins, the expression of ideas and objectives, the exchange of knowledge, interaction and other factors that help the organization to achieve its objectives and goals.

Therefore, in this matter, the most appropriate alternative is that the organizational environment and noise affect communication.

This is because the organizational environment is a reflection of how the communication process is carried out within a company. Through clear, direct and ethical communication, it is possible to transform the company's internal and external environment, the way employees work, create value, improve the perception of stakeholders, reduce noise, and improve the coordination of all processes organizational, which ensures greater possibilities for the organization to be well positioned in the market in which it operates.

6 0
4 years ago
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