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borishaifa [10]
3 years ago
13

In a perfectly competitive​ market, all of the following statements are true​ except: A. Marginal revenue is the same as price.

B. Marginal revenue is equal to price times quantity. C. The marginal revenue curve is the same as the demand curve facing sellers. D. Marginal revenue is the change in total revenue associated with producing one more unit of output.
Business
1 answer:
Rashid [163]3 years ago
6 0

Answer: Marginal revenue is equal to price times quantity

Explanation:

A perfectly competitive market is a market where there's a large number of both the producers and the consumers have full and symmetric information.

In a perfectly competitive​ market, the marginal revenue is the same as price and the marginal revenue curve is the same as the demand curve facing sellers.

It should be noted that the statement that the marginal revenue is equal to price times quantity is incorrect. The total revenue is equal to price times quantity.

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perfectly competitive firm sells pineapples for​ $4 each. MR​ = MC at a quantity of 600 units. Average total cost at the​ profit
mart [117]

Answer:

$ 750

Explanation:

Total cost = average total cost × quantity = $ 2.75 × 600 = $ 1650

Total revenue = price × quantity = $ 4 × 600 = $ 2400

profit = $ 2400 - $ 1650 = $ 750

5 0
3 years ago
Your store has average sales of $1,680 per day. Its shrinkage rate is 3%. What will its losses be for an entire year?
Lerok [7]

Answer:

$18,396

Explanation:

Average sales of the store per day = $1,680

Number of days in a year = 365

Total sales in a year = $1,680  x 365 = $6132,200

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6 0
2 years ago
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Monica [59]

Answer:

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= 8.82%

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And, the same is to be considered

8 0
3 years ago
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kondor19780726 [428]
The answer to this question is true 
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he graph shows excess supply. A graph titled Excess supply has quantity on the x-axis and price on the y-axis. A line with posit
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Explanation:

6 0
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