1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
according to the text, superior performance within the strategic business unit (sbu) is sought by asking which major question?
EastWind [94]

in step with the text, superior overall performance in the strategic commercial enterprise unit (SBU) is sought with the aid of asking the main question is a functional supervisor.

The definition of a superior is a person who is better in diploma, rank, numbers, etc. than others. An example of a superior is the supervisor of an enterprise. advanced comes from the Latin phrase which means above and it literally way something that is above others in best or reputation.

Superior means better or greater in value. An instance of advanced users as an adjective is an advanced manager which means a supervisor whose abilities have been evaluated as fantastic. An instance of advanced users as an adjective is a superior grade of 100% on an exam. (printing) Set above the primary line of a kind. you use superior to explain someone or something that is better than different comparable humans or matters. Your superior in an agency that you work for is a person who has a higher rank than you. They do now not have a lot communique with their superiors.

Learn more about Superior here:

brainly.com/question/26348640

#SPJ4

3 0
1 year ago
"a branding strategy in which a firm uses a different brand for each of its products is called ____ branding."
Aleksandr-060686 [28]
<span>A branding strategy in which a firm uses a different brand for each of its products is called individual branding. With the use of this strategy, products from the same company are given a unique identity and name. This is especially useful when companies offer a wide range of products that cater different price markets. </span>
8 0
3 years ago
Factors affecting communication in a an organization
iVinArrow [24]

FACTORS AFFECTING COMMUNICATION

Status / Role.

Cultural differences .

Choice of communication channel .

Length of communication .

Use of language .

Individual Perceptions / Attitudes / Personal

3 0
3 years ago
On January 1, 2017, Sunland Industries had cash and common stock of $196000. At that date the company had no other asset, liabil
Dafna1 [17]

Answer:

$32,980

Explanation:

The computation of comprehensive income is shown below:-

Comprehensive income = Cash dividend + Unrealized holding gain

= $11,800 + $31,800

= $32,980

Comprehensive income includes net profit and other complete or compression  profits.

Net revenue involves operating and non-operating income, net of expenses . Other comprehensive profits consisted of unrealized gains or losses, cash flow hedges.

So in this question we considered the dividend and unrealized holding gain as an comprehensive income

5 0
3 years ago
If your business is not efficient, where will your numbers fall on the Production Possibility Frontier?
Sergeeva-Olga [200]

Answer:

Inside the Production Possibility Frontier.

Explanation:

PPF is a curve that shows the various combination of 2 goods that an economy produces when resources are fixed. Thus, any point or bundle inside the production possibility frontier shows inefficiency in the production while the point on the production possibility frontier shows the efficient production from the available resources. But, the point outside the PPF exhibits a non-achievable point.

8 0
3 years ago
Other questions:
  • A national health care plan would also control the wildly escalating cost of prescription drugs. This would particularly benefit
    11·1 answer
  • "john is a drug dealer who wants to make quick money. john is an example of a"
    12·2 answers
  • Which of the following statements about the admission process is FALSE?
    8·1 answer
  • Ways by which scientific management play a role in the management of a modern crisis ​
    12·1 answer
  • The level of analysis to use when identifying user goals is the _______.​ a. ​ elementary activity level b. ​ temporal event lev
    5·1 answer
  • The paper industry and brewery industry each emit 60 tons of particles into the air. It costs the paper industry $1,000 to remov
    5·1 answer
  • 3/4 two equipment fractions​
    10·1 answer
  • Steve's stock portfolio makes a five percent gain and he sells a portion of his holdings. Under which heading on the chart would
    8·1 answer
  • g 7. Problems and Applications Q3 Gilberto loves watching Downton Abbey on his local public TV station, but he never sends any m
    13·1 answer
  • To select nonadjacent items, hold down the ________________ key while selecting the items.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!