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
aev [14]
3 years ago
15

If the market demand for the product increases, in the short run a purely competitive firm:

Business
1 answer:
TiliK225 [7]3 years ago
8 0

Answer: D) Will earn higher profits or experience smaller losses as a result of change in the market

Explanation:

Perfect (pure) competition is a market form with very large no. of buyers (firms) & sellers, homogeneous products , uniform price , perfect information about prices .

So , in such case - firms are only 'price takers' from the industry price maker.

Increase in market demand for the industry product will shift the downward sloping market demand curve rightwards & firm's horizontal demand /AR / MR curve (horizontal because of uniform price & perfectly elastic demand) upwards .

This increase in marginal / average revenue will increase the perfect competition firm's profit or reduce its losses .

You might be interested in
Which statement about NTDs is FALSE?
Andreyy89

Answer:<u><em> NTD control is not a best buy in global health, causing additional challenges.</em></u>

(NTDs) stand for Neglected tropical diseases which are a unit of parasitic diseases that grounds significant sickness for people all around the globe. Mostly affecting world’s hapless individuals, It damages bodily and cognitive improvement.

<em>Therefore, it can be said that NTD controls are crucial all around the world.</em>

<u><em>The correct option is (a)</em></u>

3 0
3 years ago
During the fiscal year ended 2016, a company had revenues of $520,000, cost of goods sold of $375,000, and an income tax rate of
7nadin3 [17]

Answer:

the net income is $92,800

Explanation:

The computation of the net income is given below:

Net income is

= Sales - cost of goods sold - tax rate on the remaining balance left

= $520,000 - $375,000 - (($520,000 - $375,000) ×0.36)

= $145,000 - $145,000 × 0.36

= $145,000 - $52,200

= $92,800

Hence, the net income is $92,800

8 0
2 years ago
A mixed economy is
vazorg [7]
Generally speaking a mixed economy is "<span>B-a combination of individual choice and government protection," although the balance is often more tilted towards individual choice.
</span>
5 0
3 years ago
Read 2 more answers
One important point to remember is that just because a difference between two treatment groups is found to be statistically sign
pogonyaev

Answer:

Researchers use a finding's Effect size to measure magnitude and reliability.

Explanation:

Effect size is statistical method used by researchers to compare between variables that are statistically significant. It is used to determine the magnitude of the parameters and reliability of the treatment group.

4 0
2 years ago
Suppose that a college physics experiment goes horribly wrong and releases an electronic pulse that renders all electronic equip
docker41 [41]

It will decrease because the marginal productivities of workers will decrease.  Diminishing marginal product occurs when the marginal product of an input goes down as the quantity of the input goes up.  The transformation in product resulting from employing one more unit of a particular input for instance, the change in output when a firm's labor is mark up from five to six units, assuming that the mass of other product are kept constant  is called The input of marginal product or marginal physical product.

5 0
3 years ago
Other questions:
  • Javonte Co. set standards of 2 hours of direct labor per unit of product and $15.80 per hour for the labor rate. During October,
    5·1 answer
  • In a perpetual inventory system, when merchandise is returned to the supplier, cost of merchandise sold is debited as part of th
    11·1 answer
  • Many catalog companies create special-run issues based on what customers have purchased in the past. For example, customers who
    5·1 answer
  • Glassmaker has pre-merger $5 in debt and $10 in equity. Rate on debt is 11%. The risk free rate is 6%. The tax rate is 40% . The
    10·1 answer
  • AFW Industries has 214 million shares outstanding and expects earnings at the end of this year of $ 723 million. AFW plans to pa
    7·1 answer
  • What determines the number and prices of goods and services that will be
    10·2 answers
  • Consider two cigarette companies, PM Inc. and Brown Inc. If neither company advertises, the two companies split the market and e
    8·1 answer
  • Can somebody help me figure out what he means by this assignment. Don't actually do it but like explain it to me
    15·1 answer
  • Marie and Ramesh form Roundtree Corporation with the transfer of the following. Marie performs personal services for the corpora
    11·2 answers
  • If fixed costs are $10,000 and variable costs are constant at $1.00 per unit over the relevant range of output, what will the av
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!