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USPshnik [31]
4 years ago
8

If production is occurring where marginal cost exceeds price, the purely competitive firm will __________.

Business
1 answer:
devlian [24]4 years ago
8 0

Answer:

C. fail to maximize profit and resources will be overallocated to the product

Explanation:

At MC < P, the firm may earn profit but that is not maximum the maximu profit condition is that MR = MC and in perfect competition MR = P so MC = P is the maximum condition.

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a building rents for $32 per square foot with an index of 1.6. the index increases to 1.9. what is the adjusted rental rate?
soldi70 [24.7K]

The adjusted rental rate is $41.60.

<h3>What is the adjusted rental rate?</h3>

Price index measure the relative change in prices relative to a base year. Changes in indexes give a measure of inflation in the economy. The rental rate would be adjusted for inflation.

Inflation is when the general price level in an economy increases. Inflation can be as a result of an increase in the demand for goods and services or an increase in the cost of production.

The adjusted rental rate can be determined by first calculating the inflation rate and then increasing the rent for the calculated inflation rate.

Inflation rate = 1.9 - 1.6 = 0.3 = 30%

The adjusted rental rate = (1.3) X $32 = $41.60

To learn more about indexes, please check: brainly.com/question/26382640

#SPJ1

5 0
1 year ago
An agreed-upon solution about a common set of engineering features and design choices is known as a?
Vikentia [17]
Neudjsbqjaisinfhsu sorry need points
4 0
2 years ago
Which of the following statements about a strong-culture company is false?
klemol [59]

Answer:

A. Decisive leadership on the part of top executives, an industry-leading market share, and strict enforcement of long-standing company policies are all important traits of a strong culture

Explanation:

Option A is the correct answer to this question.

The company's culture are the beliefs that it holds which influences every area of a business. When starting a business or running an existing one, you company's culture that is essential to the overall success and growth of your company. Strong company cultures are result oriented

4 0
3 years ago
Bramble, Inc. buys 1,000 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot i
svet-max [94.6K]

Answer:

determine the cost per CD for each group using tsv method

4 0
3 years ago
Teamwork processes have a moderate positive effect on ________ and a strong positive effect on ________.
Salsk061 [2.6K]

Teamwork processes have a moderate positive relationship with team performance and a strong positive effect on team commitment.

<h3>What is team relationship?</h3>

This is a relationship that exist within a team which brings about progress to an organization.

An effective team work would create an enabling work environment hence enables team member become more effective and efficient.

Hence, teamwork processes have a moderate positive relationship with team performance and a strong positive effect on team commitment.

Learn more about team relationship here : brainly.com/question/26491505

5 0
2 years ago
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