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nikdorinn [45]
3 years ago
12

As long as it does not shut down, a perfectly competitive firm earns the maximum profit possible as long as it operates so that

Social Studies
2 answers:
Marat540 [252]3 years ago
7 0

Answer:

usatestprep is D

Explanation:

I just did it

Alik [6]3 years ago
3 0

The correct answer is D.

Perfect competitive firms are price-takers, operate in markets with many other competitors, manufacture homogenous products with perfect substitutives provided in the same market, and operate in markets with free entry and exit (no barriers). These features generate a perfectly elastic demand function, an hortizontal line for a certain price level, as the firm has to assume the existing price in the market.

Marginal cost and marginal revenue are compared in order to decide which is the optimal amount of production to maximize the firm's profits. This happens in the scenario in which marginal revenue equals marginal costs.

Marginal revenue (MR) is the amount earned for selling an extra unit, which in the perfect competition scenario equals the market price of the product. The marginal cost (MC) is the cost of producing on extra unit of output.

  • When MC>MR, of course producing one more unit is unprofitable and therefore, unoptimal.
  • When MC<MR the extra unit is profitable, then the firm should increase the production until reaching MC=MR, that is the point at which they should not move anymore.

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They began to question their treatment by the British, who used them as soldiers but continued to disrespect and mistreat them.

Explanation:

After fighting in Europe during World War I to bolster Allied forces, the army of India assisted the British in its war against Afghanistan in 1919. However, once victory had been achieved, the native people of India began to wonder why they fought and died for a country that was treating them so unfairly at home.

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2 years ago
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The answer that best fits into this sentence would be "denied the opportunity to obtain"

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This is because Melvin Tumin was a firm believer on social stratification. This is a system that classifies people into different groups that depend on their wealth, income, social status and derived power. This makes it extremely difficult for underprivileged kids to achieve their dreams of becoming successful in a certain profession because in order to get to that level they need certain resources and contacts that are only available to higher class groups.

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Why did many people believe king tut relied closely on advisors
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