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Mnenie [13.5K]
3 years ago
6

Assume that at the current market price, a perfectly competitive firm's profit-maximizing level of output yields total revenues

that are just equal to total costs. Which of the following statements applies to this firm?a. The firm should shut down right now.b. The firm should continue to operate in the short run to minimize losses, but shut down if things don't improve over the long run.c. The firm is earning zero economic profit and should continue to operate.d. The firm should increase its explicit costs to reduce its tax burden.
Business
1 answer:
wlad13 [49]3 years ago
6 0

Answer:

c. The firm is earning zero economic profit and should continue to operate.

Explanation:

This is because at that point firm has not earned any profit or facing a loss.

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Suppose two cities are considering tearing down their stadiums to build new ones. In one city, the old stadium cost $5 million t
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Answer:

These are the options for the question:

A. They should be more willing to tear down the $5 million stadium, because it cost less to build.

B. They should be more willing to tear down the $50 million stadium, because it cost more to build.

C. The cost to build the old stadium shouldn’t be considered.

And this is the correct answer:

A. They should be more willing to tear down the $5 million stadium, because it cost less to build.

Explanation:

City A will likely be more willing to tear down its old stadium because it costed $5 million to build. City B, on the other hand, will have to think twice because a stadium that costed $50 billion to build could have more value than it seems, or the City could simply not have enough money to build a better new stadium (something that would probably cost more than $50 billion to do).

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4 years ago
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Explanation:

The organizational structure and culture are essential for the design of a strategic plan aligned with the organization's purpose.

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Answer:

D. cash flows from operating activities

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Operating activities include the functions of a business with respect to providing its goods and services to the market. Operating activities for a company include sales, manufacturing, marketing activities and advertising. The category that is generally considered to be the best measure of a company's ability to continue as a going concern is cash flows from operating activities.

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Answer:

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