Marginal revenue is equal to marginal cost.
A perfectly competitive firm will maximize profits (minimize losses) by producing the level of quantity.
The profit maximize firms will occur at a level of quantity where marginal revenue equals to the marginal cost. It can also maximize its profit when its total cost curve intersects curve. Economic profit is the difference between the total revenues and economic costs.
Perfectly competitive firms are called the price taker firm to maintain and maximize profits. It definitely raise the prize for its profit otherwise it losses all its production in terms of sales. It is generally an atomic market condition intensively depending on ideal price.
To learn more about perfect competition here,
brainly.com/question/28081306
#SPJ4
Economic profits that are present in the short run.
A cosmograph simply because that is not what any of the other graphs look like. D is the only one that can take the shape of a state.
Smaller: -3, -4, -5, -6, -7.
bigger: -1, 0, 1, 2, 3
Answer:
$720.25
Explanation:
Given data:
Lana salary per hour = $18.15
total hour of work by her is 39 hr 41 minutes
we know from hundredth hour pay method
hundredth hr for 41 mints is 
so we have 39 hrs 41 minutes that can be written as = 39.6833
So, salary for 39.6833 is 
