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erica [24]
2 years ago
7

When we say that a firm is a price taker, we are indicating that the Group of answer choices firm takes the price established in

the market then tries to increase that price through advertising. firm can change output levels without having any significant effect on price. demand curve faced by the firm is perfectly inelastic. firm will have to take a lower price if it wants to increase the number of units that it sells.
Business
1 answer:
Zina [86]2 years ago
5 0

Answer:

firm can change output levels without having any significant effect on price.

Explanation:

In the case when we say that the firm is a price taker that means the firm has the power to change the level of an output but this does not have any kind of impact on the price. They accepted the price for the prevailing market and each unit could be sold at the similar market price. It could impact the market price also they enjoy the pricing power

Therefore the above statement should be considered

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Explanation:There are some correlation between economic growth and trade.

Global economics intergration may be a potential factor that causes trade to affect economic growth positively.

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In what form of media relations is the point of initiation the organization rather than an external entity?
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Gunst Company produces three video games: Android, Bio-Mutant, and Cyclops. Cost and revenue data pertaining to each product are
Dima020 [189]

Answer:

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selling price                  $100                 $107                   $125

labor                               $48                  $24                     $60

direct materials               $9                    $8                       $16

variable overhead          $7                     $4                        $9

contribution margin      $36                   $71                      $40

labor hours                        4                       2                          5

Bio-mutant generates by far the largest contribution margin and requires the least direct labor hours.

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  • total contribution margin = $71 x 500 = $35,500

If it produces 250 Android games its total contribution margin will = $9,000

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