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nekit [7.7K]
3 years ago
9

Suppose the cost curves for a firm in a perfectly competitive market have the typical shapes. At what point does the firm achiev

e productive​ efficiency? Productive efficiency occurs at the quantity and average cost
Business
1 answer:
max2010maxim [7]3 years ago
6 0

Answer:

In a perfectly competitive market, a firm will achieve productive efficiency when the price of its products is equal to the minimum average cost.

Since firms in a perfectly competitive market are price takers, their total output will always be equal to the efficient amount. If their output is larger, they will be losing money and if they produce at a lower level they should try to reach the efficient amount to earn the highest possible profit.

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The PTA is holding a raffle. The prize is a camera worth $200. Each raffle ticket costs $5. One hundred tickets are sold and a w
Illusion [34]

Expected value of the purchase of a ticket would be $3.00.

<u>Explanation</u>:

Given,  

Raffle ticket costs = $5.00.  

The prize = $200.  

One hundred tickets are sold = 100 × 5  

                                                  = $500.00  

champ is drawn and given the prize of worth $200.  

                           $500 - $200 = $300  

So the normal estimation of the bought ticket = $3.00  

The expected estimation of the acquisition of a ticket would be $3.00.

   

5 0
3 years ago
Read 2 more answers
Which of the following activities of a finance manager determines the types of assets the firm​ holds? A. analyzing and planning
Vlad [161]

Answer:

Which of the following activities of a finance manager determines the types of assets the firm​ holds?

C. investment decisions

Explanation:

Select the type of assets in which the funds will be invested by the firm is termed as the investment decision

6 0
3 years ago
Race, religion, type of dwelling, gender, brand last purchased, and buyer/nonbuyer are examples of:______.
Allisa [31]

Race, religion, type of dwelling, gender, brand last purchased, and buyer/nonbuyer are examples of <u>nominal measures</u>.

The nominal level of dimension is the least particular and informative, as it handiest names the 'characteristic' or 'identity' we're involved. In different phrases, in nominal variables, the numerical values simply "name" the characteristic uniquely. In this situation, the numerical value is truly a label.

Dwelling type refers back to the kind of living quarters in which a person resides. In general phrases, a dwelling is described as a set of dwelling quarters.  forms of living are recognized in the Census, collective dwellings and private dwellings.

A brand is an intangible marketing or enterprise concept that enables people to become aware of an agency, product, or man or woman. Human beings regularly confuse brands with such things as trademarks, slogans, or different recognizable marks, that are advertising and marketing equipment that help sell items and services.

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6 0
1 year ago
an employer requires a college degree to work in any position in the company. what part of title vii could apply?
Artist 52 [7]

Title VII is known to be against employment discrimination using race, color, religion, sex and national origin.

The part of Title VII that could apply is Disparate treatment.

  • Disparate treatment is simply regarded as a form of unlawful discrimination in US labor law.

The United States ensure that unequal behavior toward someone because of a protected characteristic are statef under Title VII of the United States Civil Rights Act.

It is very a common type of discrimination. An example is when be an employer giving a certain job to all of the men who apply for a job but to none of the women.

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5 0
2 years ago
write atleast 2 policies that a company could use to decide which customers to offer credit to? hurry im in a rush to a bday par
Stolb23 [73]

Answer:

Companies could offer credit to customers who pay and have beneficial rewards.

Companies could also offer credits to senior citizens as a promotional thing

Explanation:

3 0
2 years ago
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