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lakkis [162]
3 years ago
13

Consider a profit-maximizing firm in a competitive industry. Under which of the following situations would the firm choose to pr

oduce where MR= MC?
Yes?/No? Minimum AVC < Price < minimum ATC.
Yes?/No? Price > minimum ATC.
Yes?/No? Price < minimum AVC
Business
1 answer:
atroni [7]3 years ago
5 0

Answer:

The answer is given below

Explanation:

A firm maximizes profit to produce where the marginal revenue is equal to the marginal cost provided that the price of the product is greater or equal to the average variable cost (AVC)

i)  Minimum AVC < Price < minimum ATC

Id the price is greater than the minimum average variable cost (AVC) and less than the minimum average total cost (ATC), the firm would produce only for the short run making small losses.

ii) Price > minimum ATC.

Yes the firm should produce when Price > minimum ATC.

iii) Price < minimum AVC

When Price < minimum AVC, the firms should stop producing and shut down because it cannot cover its variable cost.

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In the country of Normian Republic, an individual's right to own land is restricted to a large extent on the basis that it runs
Kobotan [32]

Answer:

The correct answer here is C) Collectivism .

Explanation:

The political system adopted by Normian republic here is of collectivism, which is a theory that is closely related to communism. According to this theory , the main idea is that power should be held by people as a whole , rather than in hands of few individuals, and welfare of the society should be given priority over the welfare of an individual.

4 0
3 years ago
Why are import and export two terms that are often involved in conversations about international trade or channel management? Ev
Cloud [144]

Answer:International trade deals within countries, while channel management is a form of trade that could be within the country or outside but seeking the best form or place for the market

Explanation:

International trade is the situation where two countries do business, either long distance buying(importing) or one is selling(exporting).

While Channel management is a technique for choosing the most efficient channels to sale or market your goods and making good profit or deriving the best result from those channel chosen.

Knowing the difference between the two terms is important so you can understand where best your market is appreciated and where best to avoid selling to.

International trade deals within countries, while channel management is a form of trade that could be within the country or outside but seeking the best form or place for the market

4 0
3 years ago
Which one of the following statements concerning net working capital is correct?
Luda [366]

Answer:

D

Explanation:

Net working assets is current assets less current liabilities

Current assets include cash, cash equivalents and inventory

Examples of current liabilities include accounts payables, short-term debt, accrued expenses, and dividends payable

When inventory is purchased with cash, inventory increases and cash reduces, thus there is no change in net working capital

Net working capital can be negative or positive.

If current assets is greater than current liabilities, it would be positive, if this is not the case, it would be negative.

7 0
3 years ago
ABC Corporation has declared a rights offering to stockholders of record on Thursday, October 22nd, payable on Friday, November
AysviL [449]

Answer:

November 6th is the last date to exercise the rights.

Explanation:

The shareholders have right to sell the rights to other shareholder, for which the shareholders need to exercise the rights before the right issue. If the shareholders doesn't makes any exercise of right issue before date then he is not entitled to rights anymore. The last date is the date on which the payment is made.

7 0
3 years ago
On August 1, 20Y1, Newhouse Co. received $39,110 for the rent of land for 12 months. Journalize the adjusting entry required for
Marta_Voda [28]

The adjusting entry required for unearned rent on December 31, 20Y1 is: Debit Unearned rental revenue $16,296;Credit Rental revenue $16,296.

<h3 /><h3>Unearned rent</h3>

Based on the information given the appropriate adjusting entry required for unearned rent on December 31, 20Y1 is:

31 December

Debit Unearned rental revenue $16,296

Credit Rental revenue $16,296

($39,110×5/12)

(To record unearned rent)

Inconclusion the adjusting entry required for unearned rent on December 31, 20Y1 is: Debit Unearned rental revenue $16,296;Credit Rental revenue $16,296.

Learn more about unearned rent here:brainly.com/question/4260123

3 0
3 years ago
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