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igor_vitrenko [27]
3 years ago
5

What does zero economic profit mean in a perfectly competitive market in the long run?

Business
1 answer:
shutvik [7]3 years ago
7 0
The existence of economic profits attracts entry, economic losses lead to exit, and in long-run equilibrium, firms in a perfectly competitive industry will earn zero economic profit. ... It will induce entry or exit in the long run so that price will change by enough to leave firms earning zero economic profit
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PLEASE HELP ME!
Lelu [443]
I think the best answer would be D. Understand her costumer value<span />
3 0
3 years ago
Read 2 more answers
7. The _____ is a period of time long enough for firms to alter their plant capacities and for the number of firms in the indust
Ber [7]

Answer:

The correct answer is letter "A": long run.

Explanation:

A company sets its sustainability and strategic plans in the long run. The long-term is a long-lasting period of time, typically with a length of more than one (1) year, that firms use to set due dates of when their achievements must be fulfilled. The long-run scope is also useful ate the moment of calculating major debts such as loans with financial institutions for the acquisitions of plants, machinery or any other highly-valuable asset of the organization.

7 0
3 years ago
The conversion price of CRX’s convertible ($1,000 par) subordinated debentures is $40 and the present market price of CRX common
Tom [10]

Answer:

$1,200

Explanation:

For this question, we use the unitary method that is shown below:

Given that

Conversion price = $1,000 par

And, the subordinated debentures is $40

And the present market price is $48

So, the present conversion value is

= Conversion price ×  the present market price ÷ the subordinated debentures

= $1,000 × $48 ÷ $40

= $1,200

 

5 0
3 years ago
What is the disadvantage of getting line managers to recruit for a firm?
tankabanditka [31]

Answer: B) They have to take time out from their actual jobs.

Explanation: Line managers are often referred to personnels in an organization who are in charge if a particular department or sector and hence, charged with the responsibility of handling and overseeing the performance of particular employees and output of his or her department. This puts line managers in a position of knowing the employees in his or her department, what the department needs in terms of personnel in other to raise and drive productivity. However, charging line managers with the responsibility of recruiting for the organization will result in the disruption of their actual job role and will definitely have to take time out in other to facilitate the recruitment process which will definitely have an effect on their performance and actual duty.

3 0
2 years ago
How would you define a method that calcuates and reutrns the final price, after tax and tip, for a passed in price, assuming tip
ipn [44]

Complete Question

How would you define a method that calculates and returns the final price after tax and tip. for a passed in price, assuming tip is always 15% and tax is always 8%? Options:

O public double getFinalPrice double basePrice)  (....)

O public void setFinal Price int tax int tip) (....)

O public int get celint basePrice  (....)

O public void getFinal Pricelint basePrice (....)

Answer:

A method that calculates and returns the final price after tax and tip, for a passed in price, assuming tip is always 15% and tax is always 8% can be defined as:

O public void setFinal Price int tax int tip) (....)

Explanation:

The above chosen option will calculate and return the final price after adding 15% for tips and 8% for tax.  The final price, which a customer is expected to settle, includes the cost of the services, the tip the customer pays on the cost, and the tax on the cost of the services.  This method will ensure that the customer pays the correct sales revenue to the organization.  It is mostly used by hotels and other entertainment organizations in calculating the final price of the services rendered to clients.

6 0
3 years ago
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