1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
STatiana [176]
3 years ago
5

A perfectly competitive firm, with MC=q operates in a market character,zed by the following market demand and supply conditions:

Business
1 answer:
PolarNik [594]3 years ago
6 0

Answer:

Since a perfectly competitive firm must accept the price for its output as determined by the product’s market demand and supply, it cannot choose the price it charges. Rather, the perfectly competitive firm can choose to sell any quantity of output at exactly the same price. This implies that the firm faces a perfectly elastic demand curve for its product: buyers are willing to buy any number of units of output from the firm at the market price. When the perfectly competitive firm chooses what quantity to produce, then this quantity—along with the prices prevailing in the market for output and inputs—will determine the firm’s total revenue, total costs, and ultimately, level of profits.

You might be interested in
Which of the choices is an example of offshore outsourcing?
Alexxx [7]

Answer:

None of the choices describe offshore outsourcing.

Explanation:

Offshore outsourcing is when a company hires a third party in another country to do some tasks for the company.

4 0
3 years ago
Read 2 more answers
A sunk cost: Requires a current outlay of cash. Is the lost benefit of choosing an alternative course of action. Is irrelevant i
igor_vitrenko [27]

Answer:

Is irrelevant in decision making

Explanation:

Since the suck cost is the cost that no longer is recovered so it should not be a factor to consider when making a decision. For example, you have bought a cinema ticket for this evening, but it is heavily rainy so you may get sick if you go to the cinema. The fact that you have paid for this ticket should not consider whether to go or stay home since you can not get this amount of money no matter what happens.

5 0
3 years ago
What is the organization of metropcs?​
klio [65]
Metro by T-Mobile is a prepaid wireless carrier brand owned by T-Mobile US. It previously operated the fifth largest mobile telecommunications network in the United States using code division multiple access. 
3 0
3 years ago
One item that appears on an insurance company's financial statements is a liability that represents an estimate of the claims re
Bess [88]
<span>This liability is called the insurer's "loss reserve".</span>

Loss reserve<span> is a gauge of an insurer's liability from future cases. <span>Loss reserves</span> most often contain liquid resources, and they enable the insurer to cover claims made against strategies that it endorses. Assessing liabilities can be a difficult task. Insurers need to regulate loss reserve estimations as the situation change.</span>

8 0
3 years ago
Problem:Water flows from a bathroom tap at a rate of 2 gallons every 6 seconds. Questions At this rate,how many minutes will it
katrin2010 [14]

Answer:

4 minutes.

Explanation:

The rate of flow from the tap is 2 gallons every six second

which comes out to be 1 gallons per 3 seconds.

so for 80 gallons we can simply

3  * 80 = 240 which is 240 seconds.

Thus it would take 4 minutes to fill up the 80 gallon tub.

4 0
3 years ago
Other questions:
  • A company must account for a contract modification as a new contract if the:
    6·1 answer
  • On january 1, 2017, fishbone corporation sold a building that cost $250,000 and that had accumulated depreciation of $100,000 on
    5·2 answers
  • On june 1, 2017, james places in service a new automobile that cost $40,000. the car is used 60% for business and 40% for person
    9·2 answers
  • On July 1, 2021, an interest payment date, $149000 of Bonita Industries bonds were converted into 2970 shares of Bonita Industri
    10·1 answer
  • If the nominal annual interest rate is 12% compounded quarterly, what is the effective annual interest rate?
    10·1 answer
  • The Bensington Glass Company entered into a loan agreement with the​ firm's bank to finance the​ firm's working capital. The loa
    13·1 answer
  • Which item(s) are tax deductible for consumers who are buying or renting a home?
    9·2 answers
  • Cassandra is 80 years old. Last month, she broke her leg while biking with her grandchildren. She was admitted to a hospital for
    10·2 answers
  • Which of the following is an internet job search "do"​
    11·2 answers
  • A(n) ________ is an internet business model that provides an online meeting place where people with similar interests can commun
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!