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irga5000 [103]
4 years ago
6

A firm will exit a competitive market when A. costs force the marginal cost curve to shift to the left. B. the longrun profit wo

uld be negative. C. it can earn only earn a zero longrun profit. D. Both B and C.
Business
1 answer:
kakasveta [241]4 years ago
4 0

Answer:

B. the longrun profit would be negative.

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

A firm would shut down in the short run if price is less than average variable cost and exit if it  is making a loss

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Answer:

corporate mission or marketing strategy area

Explanation:

Based on the information provided it can be said that this is an example of the corporate responsibility strategy being a part of the corporate mission or marketing strategy area. This refers to a specific sentence that encompasses the company's function, philosophies and goals which they strive to achieve and is the entire reason for existing in the market.

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Typically, in the context of developing effective business messages, the priorities of the targeted audience
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3 years ago
The price that a company charged for a computer accessory is given by the equation mc013-1. Jpg where x is the number of accesso
bezimeni [28]

Using a trial and error method, the other number of accessories the company produced which yields approximately the same profit is <em>A. 1.45 million.</em>

Data and Calculations:

Price for the computer accessory =  100 - 10x^2)

Manufacturing cost = $10

Current production = 2 million

Profit generated based on 2 million accessories = $100 million dollars

= (100 - 10x^2)x - 10x

Where:

y = profit

x = number of accessories (in millions)

Using a trial and error method, replace x with 1.45 million and work out the answer.  This option generates a profit of $100 million like 2 million accessories.

Question Completion:

The price that a company charged for a computer accessory is given by the equation 100-10x^2 where x is the number of accessories that are produced, in millions. It costs the company $10 to make each accessory. The company currently produces 2 million accessories and makes a profit of 100 million dollars. What other number of accessories produced yields approximately the same profit?

Answer Options:

A. 1.45 million

B. 3.45 million

C. 40 million

D. 48 million

Thus, the other number of accessories the company produced which yields approximately the same profit is <em>A. 1.45 million.</em>

Learn more about using the profit function to determine the production or sales quantity here: brainly.com/question/1456472 and brainly.com/question/25395113

3 0
3 years ago
A manufacturing company has units to produce of 940 units for the month. Each unit requires 3.5 hours of labor to produce. The c
elena-s [515]

Answer:$49,350

Explanation:

The total cost of direct labor for the month will be:= 940 units × 3.5 × $15= $49,350

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2 years ago
Give a short introduction of seasonal vegetable cultivation​
vazorg [7]

Answer:

<em><u>Seasonal vegetables are those vegetables that can not adjust all kind of temperatures.</u></em> The seasonal vegetables are grown in the natural cycle of seasons when they are most suitable. For example, cauliflower only grows in winter season.

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3 years ago
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