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3 years ago

What is the condition for profit maximization for a pure competitive firm?

1 answer:

4 0

I believe this needs to come from a non monetary source. Pure competition allows for no price change between firms. So profit maximization needs to come from market share. I believe the answer would have to be in service levels or ease of business improvements. If you are forced to have the same price levels the levers to pull are few but the exist only customer service, ease of transacting, other value add initiatives. Just my thoughts

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___________ started the profession of advertising in the u.s. by using newspaper advertisements.

jenyasd209 [6]

I think it was Francis Ayer

3 0

3 years ago

When a golfing club manager says, "I am concerned that our club members will find that the low center of gravity in the Taylor c

Sav [38]

The Taylor salesperson is using the referral method to deal with objections.

A referral is a way of dealing with objections in which the speaker refers to a previous experience to object to what another person has told him about a topic.

In the case presented, the manager of the golf club was expressing his concern about the opinion of golfers about Taylor clubs that had a special characteristic on their center of gravity.

To counter this argument, the seller refers to a real case of a buyer who was left with very good impressions of the Taylor stick.

Learn more in: brainly.com/question/1342578

7 0

2 years ago

The demand for Cheerios cereal is more price-elastic than the demand for cereals as a whole. This is best explained by the fact

lutik1710 [3]

Answer:

C. There are more substitutes for Cheerios than for cereals as a whole

Explanation:

Since in the question it is given that the demand for Cheerios cereal is more price-elastic than the demand for cereals as a whole as because there are more substitutes for Cheerios as compare to cereals because in the case of substitute goods, there is a positive relationship between the price of good B and the demand of good A. It means if the price of good B decline. then the demand of good A is decreases and vice versa

6 0

3 years ago

Dunavant Service Company views share repurchases as treasury stock. Dunavant purchased shares and then later sold the shares at

Alex

Answer:

The correct answer is Retained earnings: no effect; Paid-in capital: increase

Explanation:

The nominal value of a share establishes a limit price and no company can issue its shares at a lower price, although already issued, the price of the shares is subject to the market price. When capitalization of a corporation is required, it must be defined whether the capital will be obtained from current shareholders or new shareholders. If it is one of the existing ones, there are two options: either the cash contribution is received or the system of delivering dividends payable through shares is used, in which case, it should be clarified whether the shares delivered are preferential or privileged.

4 0

3 years ago

D. Shahi and K. Vaughn organize a partnership. Their partnership agreement states that Shahi will receive 40% of the partnership

Softa [21]

Answer:

$8,000 by Shahi and $12,000 by Vaughn.

Explanation:

Given that,

Investment of Shahi = $80,000 with 40% share

Investment of Vaughn = $90,000 with 60% share

Investment of Williams = $80,000 with 40% interest

Total capital after admission of Paul Williams:

= Investment of Williams + Investment of Shahi + Investment of Vaughn

= $80,000 + $80,000 + $90,000

= $250,000

Williams's share in new capital:

= Total capital after admission of Paul Williams × Interest

= $250,000 × 40%

= $100,000

Bonus paid to Williams:

= Williams's share in new capital - Investment of Williams

= $100,000 - $80,000

= $20,000

Therefore, the bonus paid to Williams will be contributed by old partners:

D. Shahi Contributed = $20,000 × 40%

= $8,000

K. Vaughn contributed = $20,000 × 60%

= $12,000

6 0

3 years ago