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Andrew [12]
2 years ago
6

g The perfectly competitive firm's supply curve: Group of answer choices coincides with its perfectly elastic demand curve. is t

he firm's average total cost curve above the shutdown point. is perfectly inelastic at the market price. is the firm's marginal cost curve above the minimum point on the AVC curve.
Business
1 answer:
natulia [17]2 years ago
8 0

Answer:

is the firm's marginal cost curve above the minimum point on the AVC curve.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Generally, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of supply states that the higher the price of goods and services, the lower the supply.

An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.

Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.

Hence, a perfectly competitive firm's supply curve is the firm's marginal cost (MC) curve above the minimum point on the average variable cost (AVC) curve.

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The labor force includes rev: 05_30_2018 Multiple Choice employed workers but excludes persons who are officially unemployed. pe
butalik [34]

Answer:

employed workers and persons who are officially unemployed

Explanation:

The labor force is the force that involves the labors who are employed and the unemployed i.e. officially

In an equation, it can be

Labor force = Employed workers + unemployed workers

It is a combination of both the employed and the unemployed workers

hence, the correct option is third

Therefore all the other options are wrong as they do not meet the criteria of the labor force

8 0
3 years ago
Which of the following is NOT a function of foreign exchange markets?Select one:a. All of these are functions of foreign exchang
liraira [26]

Answer:

A

Explanation:

All of these are functions of foreign exchange markets

8 0
3 years ago
Der the town of Econville with a population of 5,000 people. There are 1,000 high school students, 1,000 undergraduate students,
zepelin [54]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
3 years ago
has 17,500 shares of stock outstanding along with $408,000 of interest-bearing debt. The market and book values of the debt are
Naddik [55]

Answer:

$926,073

Explanation:

Enterprise value=market capitalization+value of debt-cash

value of the firm=price-earnings ratio=11.8

earnings=net income

net income=profit margin*sales

net income=$697,000*6.8%=$47,396

11.8=market capitalization/$47,396

market capitalzation=11.8*$47,396=$559,272.80  

enterprise value=$559,272.80+$408,000-$41,200=$ 926,072.80  (approx  $926,073)

6 0
3 years ago
At what age does the "settling" process begin with regard to height?
GarryVolchara [31]
Had to look for the options and here is my answer. The age when the "Settling" process starts in relation to height is 55 YEARS OLD. This is the stage of a person when one reaches middle adulthood. The settling process refers to that event when the the bones that are connected to the spinal column reduces its density.
7 0
3 years ago
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