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
This year, Barney and Betty sold their home (sales price $750,000; cost $200,000). All closing costs were paid by the buyer. Bar
lutik1710 [3]

Answer:

a. 550,000

Explanation:

The gain on the asset is calculated by the sales proceeds minus the original cost of the asset.

In this question the home' initial cost is $200,000 and it is sold on $750,000. In absence of any unusual or hardship circumstances, the direct gains is $550,000 ( $750,000 - $200,000) as all the closing costs are paid by the buyer, so, Barney ans Betty should include the whole gain of $550,000 in the gross income.

4 0
3 years ago
Read 2 more answers
The results of the experiment performed in the passage, and the model proposed in response, suggest that what relationship exist
LuckyWell [14K]

The surface activity of the monomers is decreased in each mutant protein, allowing release of the monomers from the interface.

Explanation:

Compression of the film is a consequence of withdrawal of protein solution from the droplet during step 2 of the pendant droplet test.

This is shown by the folds in the region around the dropping collar, which can be seen more distinctly after a more liquid retraction.

The wrinkles of the protein film analysis revealed that there has been no relaxation for 10 minutes after compression, which means that this surface layer is stable. Such findings show that BslA can self-assemble into a stable and complex superior film without the help of a protein or carbohydrate partner.

7 0
3 years ago
Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year, the company reports th
RUDIKE [14]

Answer:

The income statement, statement of stockholders' equity, and balance sheet for Longhorn Corporation is given below.

<u><em>The income statement</em></u>

Sales Revenue                   $ 67,700

COGS                                 ($ 53,400)

Delivery expenses              ($ 2,600)

Salary expenses                 ($ 5,500)

Net profit                             $ 6,200

<u><em></em></u>

<u><em>Balance Sheet</em></u>

Asset

Cash                                  $ 1,200

Equipment                        $ 29,000

Building                             $ 40,000

Supplies                             $ 3,400

Total Assets                      $ 73,600

Equity

Common Stock                $ 44,000

Retain earning                  $ 24,400

(18,200 + 6,200)

Liability

Account Payable              $ 4,400

Salaries payable                $ 8,00

Total Liabilities                 $ 73,600

<u><em>Statement of Stockholders</em></u>

Opening common Stock           $ 40,000

Addition                                       $  4,000

Closing common Stock              $  44,000

Retain earning Opening            $ 18,200

Net profit                                     $ 6,200

Retain profit Closing                   $ 24,400

Total Equity                                 $ 68,400

4 0
3 years ago
If insurance premiums are going to be set below the actuarially fair level for a certain group, who will likely be targeted to m
Yanka [14]

Answer:A. government regulators and taxpayers.

Explanation: Insurance premium is the amount of money initially paid by an organisation which can be a profit making Organisation or non profit making Organisation or an individual before the start of an insurance policy.

An actuarially fair level is the compensation level that is commensurate with the premium of the policy holder.

IF THE INSURANCE PREMIUM IS TO BE SET BELOW THE ACTUARIALLY FAIR LEVEL THE GOVERNMENT AND TAX PAYERS WILL BE EXPECTED TO PAY THE FOR THE DIFFERENCE.

4 0
3 years ago
Explain the three main characteristics and uses of money
strojnjashka [21]

Answer:

Explanation:

The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.

8 0
2 years ago
Other questions:
  • How should silvio napoli deal with the challenges he is facing over transfer prices and limited technical cooperation from the e
    9·2 answers
  • What is debit note received
    5·1 answer
  • Explain the common ingredient in all types of success
    14·1 answer
  • "how does one define intelligence?" is a question that would be of particular interest to ____________________.
    6·1 answer
  • Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda’s Bagel Café in exchange for her payment of a debt t
    11·1 answer
  • Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operat
    7·1 answer
  • One country refuses to sell goods to its neighboring country based on the belief that the neighboring country harbors radicals a
    9·1 answer
  • ________ is an international quality certification that helps organizations to understand the basics of quality management, to m
    15·1 answer
  • Automation has improved the quality and efficiency of repetitive tasks. True or False
    6·2 answers
  • At a university faculty meeting, a proposal was made to increase the housing benefits for new faculty to keep pace with the high
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!