A monopolistically competitive firm may earn abnormally high profits in the short term. Monopolistically competitive firms then typically end up with zero profits long term. Monopolistic competition typically charges more than average cost for the item with a shortage of goods produced.
Even when competitive firms are unable to calculate marginal revenue product directly, the pressures of competition in the labor market will push wage rates toward the marginal revenue product of labor.
By comparing the marginal revenue<span> and </span>marginal<span> cost from each unit produced, a </span>firm<span> in a </span>competitive<span> market can </span>determine<span> the </span>profit<span>-maximizing level of production.</span>
Answer:
The amount of cash before the replenishment is $84.
Explanation:
Because the accumulated receipts are $320 ($110+$140+$70), that give us a total of $80 in cash ($400-$320=$80). However, we have a cash overage of $4, which means that we need to add this money to the amount of cash in the fund ($80+$4=$84).
Answer:
The cooling tube hold 67860 wafers on average during production
Explanation:
Average Time Spent = 13 minutes
Rate = 87 wafers per second during production
So, during this period of 87 seconds,
The number of wafers the cooling tube can hold is given by
R * T
Where R = Rate = 87 wafers per Second
And
T= Average Time Spent = 13 minutes
So, R * T
Becomes
87 per second * 13 minutes ------- Convert minutes to second
= 87 wafers per second * 13 * 60 seconds
= 87 wafers per second * 780 seconds
= 67860 wafers
So. The number of wafers the cooling tube can hold during production is 67860 wafers