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Lina20 [59]
3 years ago
12

In a perfectly competitive industry, the short-run supply curve for the market is the:

Business
1 answer:
DENIUS [597]3 years ago
3 0

Answer:

b. marginal cost curve above the average variable cost curve.

Explanation:

A perfect competitive indsutry is a characterised by many firms selling homogenous goods and services. Firms are price takers and there are no barriers to entry or exit of firms in the industry.

The supply curve of a perfectly competitive firm in the short run is the part of the marginal cost curve that lies above the average variable cost curve.

A perfect competition maximises profit where price equals marginal cost.

I hope my answer helps you

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For each hypothetical scenario, indicate whether the tariff described is more likely a protective tariff or a revenue tariff.
LenaWriter [7]

Answer:

a. In response to concerns from business leaders, a legislator has designed a new tariff on raw materials used by many manufacturing firms. The legislator felt the new tariff was necessary based on input from the private sector that new discoveries of natural resources abroad would threaten to put domestic producers of raw materials out of business. To meet this goal, this tariff will charge $1,500 on every crate of the imported goods plus an additional 6% of the total value of the imported goods.

  • protective tariff since it is designed to protect domestic industries from competition of out of state producers. It is designed to increase the price of imported goods.  

b. In an effort to balance next year's budget, a senator has proposed a new tariff. She proposed the new tariff with a goal of raising a total of $100 million, To meet this goal, this tariff will charge $2,000 on every ton that is imported.

  • revenue tariff since its main purpose is to increase government revenue, not to protect domestic industries.
7 0
2 years ago
Which economic challenges in one way that economies in southern and Eastern Africa are overcoming?
cricket20 [7]
"Ecotourism" is the one way among the following choices that are given that <span>economies in southern and Eastern Africa are overcoming the economic challenges. The correct option among all the options that are given in the question is the third option or option "c". I hope the answer has helped you.</span>
3 0
3 years ago
American Chemical Company manufactures a chemical compound that is sold for $52 per gallon. A new variant of the chemical has be
Shalnov [3]

Answer:

If American produces the new compound, profit will increase by $88,000

Explanation:

increase in selling price = selling price of new variant of chemical - selling price of chemical compound

                                         = $83 - $52

                                         = $31

Net increase in profit = total increase in selling price - additional processing cost

                                    = $31*8000 - $160000

                                    = $248000 - $160000

                                    = $88,000

Therefore, If American produces the new compound, profit will increase by $88,000.

net increase in profit =

3 0
3 years ago
Your company must reduce its electronic waste by 10 percent in the next year. What can the company do to meet this goals?.
julsineya [31]

Based on the information given what the company can do to meet this goals is to: Make use of sleep modes and other power management features for computers and other electronic devices.

<h3>What is sleep modes?</h3>

Sleep modes can be defined as the process of putting computer and devices in standby mode when they are not in use or when inactive.

Based on the information given making use of sleep modes and power management features will help to reduce electronic power consumption which inturn will make it possible for the company to achieve their goals of reducing electronic waste by 10 percent in the next year.

Inconclusion what the company can do to meet this goals is to: Make use of sleep modes and other power management features for computers and other electronic devices.

Learn more about sleep modes here:brainly.com/question/15500797

4 0
2 years ago
Collateralized mortgage obligation (CMO) tranche A has been created to have the most predictable near-term principal pay off. A
Mamont248 [21]

Answer: d. a lower yield

Explanation:

When a security is said to bring back predictable returns it means the security is of lower risk. A CMO tranche that has the most predictable near-term principal pay off is therefore the one with the a lower risk.

Riskier securities command higher yield than less riskier ones as a way to compensate the holder for taking on more risk. With tranche A having the lower risk, it will have a lower yield.

5 0
3 years ago
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