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Afina-wow [57]
3 years ago
9

A perfectly competitive firm earns a profit when price is

Business
1 answer:
Nonamiya [84]3 years ago
4 0

A  perfectly competitive firm earns a profit when price is above the average total cost.

A perfect competitive firm is a firm that operates in a perfectly competitive market. A perfectly competitive market is a market where the goods and services exchanged are homogenous. There is perfect information in this type of market.

In the long run, firms in a perfect competition earn only a normal profit. If in the short run, firms are earning economic profit, new firms would enter into the market. This would wipe out economic profit. In the short run, if an economic loss is been made, firms would leave the industry.

To learn more, please check: brainly.com/question/13761559

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A portfolio consists of three stocks. There are 540 shares of Stock A valued at $24.20 share, 310 shares of Stock B valued at $4
AVprozaik [17]

Answer: 12.47%

Explanation:

The value of each stock will be gotten by their unit multiplied by the price.

Value of Stock A = 540 × 24 2 = 13068

Value of stock B = 310 × 48.1 = 14911

Value of stock C = 200 × 26.5 = 5300

Total value of stock = 33279

Weight of stock A = 13068 / 33279 = 0.393

Weight of stock B = 14911 / 33279 = 0.448

Weight of stock C = 5300 / 33279 = 0.159

The expected return on this portfolio will then be:

= (0.393 × 8.3) + (0.448 × 16.4) + (0.159 × 11.7)

= 12.47%

8 0
3 years ago
Adapting to new conditions like new innovations by competitors, fast-changing technological developments, and constantly evaluat
IgorLugansk [536]

Answer: The correct answer is "C.an emergent strategy.".

Explanation: Adapting to new conditions like new innovations by competitors, fast-changing technological developments, and constantly evaluating what is working result in an emergent strategy.

Although not intentional, adopting an emerging strategy can help a company adapt more flexibly to the practical aspects of changing market conditions.

With this strategy a destination or a planning point is not assumed. On the contrary, the approach is that the strategy will emerge and develop as the organization advances.

The strategy arises as more is discovered about the environment and the views on the world, the needs of the clients, proposals and intentions are evaluated. It is a process of learning and adaptation.

6 0
4 years ago
Which of the following are advantages of short-term financing (as compared to long-term financing)?
ollegr [7]

Answer:

Answers a. and b. are both correct which shows the advantages of short-term financing (as compared to long-term financing).

Explanation:

The short term financing have includes less compliance, less interest rate, contain lesser amount, speedy transactions ,and lesser time period whereas the long term financing includes more compliance, large amounts, large time period.

Thus, a. and b. are both correct which shows the advantages of short-term financing (as compared to long-term financing)

5 0
3 years ago
Ingress & Egress Math Quiz
Shtirlitz [24]

18 ticket takers should Madge hire, if Madge is the manager at a sports arena that draws an average 3,500 patrons per event and each ticket taker can process  200 event-goers per event.

Explanation:

The given is,

           Madge is the manager at sports arena

           3,500 patrons per event

          Ticket takers can process 200 event-goers per event

Step: 1

        Let, x - No. of ticket takers

        Formula to calculate ticket takers,

                  x=\frac{Average patrons per event}{Ability of ticket taker to process the event}

        Substitute the values,

                  x=\frac{3500}{200}

                     = 17.5

                  x ≅ 18 ticket takers

        Madge should hire 18 ticket takers.

Result:

        18 ticket takers should Madge hire, if Madge is the manager at a sports arena that draws an average 3,500 patrons per event and each ticket taker can process  200 event-goers per event.

8 0
3 years ago
Consider the list of economic questions and issues below. Which are microeconomic issues, and which are macroeconomic issues? Pl
anastassius [24]

Answer:

See explanation section

Explanation:

<em>1.</em><em> How much will the economy grow next year?</em> - This is a macroeconomic issue. Macroeconomic deals with the economy as a whole. It also deals with the large-scale structure and performance of an industry, behavior, and decision making of a country. Macroeconomic issues include global or national economies. Since the question is about whether an economy grows, it is about entire country's economy.

<em>2.</em><em> Why do economics majors earn more than marketing majors?</em> - Microeconomics issue. Generally, microeconomics issues deal with the individual level and firm-level decision-making. Since the question does not involve whole the industry or economy, it is a microeconomics issue. Instead the question is about whether the major of economics students earn more or less. It is only about an individual level topic.

<em>3.</em><em> How does Apple decide how many iPads to produce?</em> - Microeconomics issue as we are talking about only Apple company. Since it is an individual level economics, it is micro issue.

<em>4.</em><em> Why does the unemployment rate increase during a recession?</em> - As the question is related to a country's unemployment, it deals with the overall economy. So, it is Macroeconomic issue. Unemployment generally covers the whole economy of a country because it suggests how many people are unemployed in an economy.

<em>5.</em> <em>What happens to prices when the government increases the money supply?</em> - Macroeconomic issue as money supply is for the whole economy. Money supply is the total value of a country's economy. Therefore, money supply is a macroeconomic-related topic.

6. <em>Which company’s stocks should your mother buy?</em> - Microeconomics issue as your mother will not purchase all of the company's stock. It is an individual level purchase. It means only one person will purchase the stock, which is a microeconomics issue.

<em>7.</em><em> Should the government pass a jobs bill to stimulate the economy?</em> - Again, If anything is related to the large-scale and whole economy, it will be a macroeconomic issue. Since the government should pass the bill to stimulate economy which is for the country's economy, it is a macroeconomic issue.

<em>8.</em><em> Why does the price of gasoline increase during the summer?</em> - Only the price of gasoline and not other petroleum related products, so it is a microeconomics issue. It is not for the large-scale and industry level issue. Instead it is only a part of a petroleum corporation.

6 0
3 years ago
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