In perfectly competitive markets, firms in the market in the long-run, will earn zero economic profits.
<h3>What economic profits are earned in a perfectly competitive market?</h3>
In the short-run, there is a chance to earn a positive economic profit in a perfectly competitive market but this would then attract other companies into the market to make profits as well.
This then leads to the profits disappearing thanks to increased supply and lower prices. Companies would then leave and enter to either take advantage of profits or stop losses thereby keeping economic profits at zero in the long run.
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Answer:
fat
Explanation:
the fat in the meat needs to break down to make it tender
The mean of a dataset is the average of the dataset.
The mean of the sample in the third row is 2.2
The dataset is given as:
5 5 3 0 6 2 2 4 5 2 3 4 3 0 1 4 0 4 3 6
From the complete question, the samples in the third row are:
Sample: 3 4 3 0 1
The mean of a dataset is calculated using:
Where:
n = 5 i.e. the number of samples
So, we have:
Add the expressions in the numerator
Divide 11 by 5
Hence, the mean of the sample in the third row is 2.2
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According to the levels of processing, deciding whether an umbrella would be useful to pack for a trip, would most improve the ability to recall the word "umbrella". This model focuses on the depth of processing in memory.
The 'levels of processing' is a model developed by the cognitive psychologists F. Craik and R. Lockhart in 1972.
This model (levels of processing model) puts focus on the depth of processing developed for memory tasks.
This model can be used to predict how information is processed, where memory can be considered as an outcome of processing information.
Learn more about the levels of processing here:
brainly.com/question/5475845
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