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Bingel [31]
3 years ago
13

If a monopolistically competitive firm's marginal cost increases, then in order to maximize profits, the firm will:

Business
1 answer:
Serjik [45]3 years ago
7 0

Answer:

A. reduce output and increase price.

Explanation:

In the case of monopolistic firm at the time of profit maximization, the marginal revenue should be equivalent to the marginal cost i.e.

Marginal revenue = Marginal cost

When the marginal cost rises, the cost of generating an additional unit is also rise to equate MR and MC and at the same time the output would be decreased and the price is increased also the price is more than its marginal cos

Therefore the option A is correct

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Supply chain management plays a dual role. Its first role is as a communicator of customer demand that extends from the point of
Iteru [2.4K]

Answer:

The statement is: True.

Explanation:

Supply Chain Management aims to streamline the processes involved in the supply chain. The supply chain is a complex network of activities and resources involved in transferring raw materials, parts, and finished goods from initial manufacturers to end consumers.

<em>We could say then, that the supply chain management has a dual role: one driven by the manufacturers needs to be communicated to suppliers and the second represented by the number of activities that the supply chain processes demand managers and engineers to structure.</em>

8 0
3 years ago
Balance sheet. Use the data from the following financial statements in the popup​ window. Complete the balance sheet. Hint: Find
Lana71 [14]

Answer:

57

Explanation:

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3 years ago
Equilibrium price is $10 in a perfectly competitive market. For a perfectly competitive firm, MR = MC at 233 units of output. At
Anika [276]

Answer:

Continue operating; $699

Explanation:

The equilibrium price is $10.

MR = MC at 233 units of output.

At this output level, ATC is $12, and AVC is $9.

The AFC or average fixed cost

= ATC - AVC

= $12 - $9

= $3

The total fixed cost

= AFC\ \times Q

= \$ 3\ \times\ 233

= $699

The equilibrium price is able to cover the average variable cost so the firm should continue production in the short run.

4 0
3 years ago
According to the video, what are the goals of window displays? check all that apply.
Harlamova29_29 [7]

Answer:

a and c

Explanation:

8 0
1 year ago
Read 2 more answers
Durable goods $3,000 Services 6,000 Business purchases of capital goods 400 Fixed investment 850 Exports 600 Imports 800 Nondura
ASHA 777 [7]

Answer:

$9,700

Explanation:

The computation of the consumption is shown below;

= Durable goods + Services + Non-durable goods

= $3,000 + $6,000 + $700  

= $9,700  

We simply added the durable goods, services and the non-durable goods so that the consumption could be come

Hence, the consumption is $9,700

Therefore the same is to be considered

6 0
3 years ago
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