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3 years ago

A competitive firm maximizes profit by choosing a level of output where the world price is equal to the firm's

Business

1 answer:

klemol [59]3 years ago

6 0

Answer: c. Marginal Cost

Explanation:

A Competitive firm operates in a market where they are price takers. This means that the price they charge is equal to both their average revenue and their Marginal Revenue.

P = MR = AR

Companies maximise profit at a point where Marginal Revenue equals Marginal Cost because at this point, resources are being fully utilized.

If the Competitive firm's Price is the same as its Marginal Revenue this means that to maximise profits, the firm should choose an output level where the price is equal to the marginal cost.

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Rapidly increasing health costs have been a major political concern since at least 1992. Suppose the government sets the maximum

lara31 [8.8K]

Answer:

Option "D" is the correct answer to the following statement.

Explanation:

Once a government imposes a legal maximum limit on the cost of a service, it is called maximum price .

In this situation, there will be more individuals wanting to visit the Medical Professional but fewer Medical professionals willing to see patients at Government's maximum price.

Doctors want to earn as per market price, but patients want to pay the fee as government settled price.

8 0

3 years ago

The death of a promisor in a personal services contract discharges an agreement. However, if a promisor dies, other types of con

IRINA_888 [86]

Answer:

The interpretation of the discussion is characterized throughout the interpretation section elsewhere here.

Explanation:

The reinstatement including its service agreement shall be signed throughout the event of termination of each of the wings of the party in such a way that perhaps the replacement does not instantaneously embrace plausible transformations depending on the temperature acknowledged either by promiser.
Unless the particular responsibilities set out during this Agreement aren't adequately accomplished as well as throughout the lack of mention including its new contractual obligations.
The same would be true whether it is approximately necessary to manage the service agreement when the world collapses. After that, Suo-moto seems to be the cancelation including its service agreement. It would have the natural world of consciousness of leases. Because if the real estate of the dead person is expected to take responsibility again for contractual agreement through by the dearly departed.

5 0

3 years ago

The method that calculates the number of years needed for the proposed capital acquisition to repay its original cost out of fut

elixir [45]

I think payback method

5 0

3 years ago

Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) N

lions [1.4K]

Answer:

See explanation below

Explanation:

Required:

Determine the maturity date and compute interest

1) Given:

Contract date : March 1

Interest :$10,000

Rate: 6%

Period of note: 60 days

The maturity date for this will be 2 months(60 days) from March 1. Therefore maturity date is May 2.

Interest will be calculated as:

$10000 * 0.06 * \frac{60}{360} = 100$

Therefore, interest = $100

2) Given:

Contract date : May 15

Interest :$15,000

Rate: 8%

Period of note: 90 days

The maturity date for this will be 3 months(90 days) from May 15. Therefore maturity date is August 13.

Interest will be calculated as:

$15000 * 0.08 * \frac{90}{360} = 300$

Therefore, interest = $300

3) Given:

Contract date : October 20

Interest :$8,000

Rate: 4%

Period of note: 45 days

The maturity date for this will be 45 days from October 20. Therefore maturity date is December 4.

Interest will be calculated as:

$8000 * 0.04 * \frac{45}{360} = 40$

Therefore, interest = $40

Compute the values:

_________________________

Contract date: March 1.

Maturity month: May

Maturity date: May 2.

Interest Expenses: $100

_____________________________

Contract date: May 15.

Maturity month: August

Maturity date: August 13.

Interest Expenses: $300

______________________________

Contract date: October 20.

Maturity month: December

Maturity date: December 4.

Interest Expenses: $40

______________________________

5 0

4 years ago

Barriers to trade:

dmitriy555 [2]

Answer:

B. Cost consumers billions of dollars per year.

Explanation:

Cost consumer billion per each year of trading stands as the main barrier to trading, and in this form, affects trading, not in one country but the whole system at large.

Trade is explained to concerned with facilitating the exchange of goods and services in the economy. Many think that trade and commerce are the same terms and can be used interchangeably. But the fact is both the terms are different from each other and carry different meanings. Trade simply means buying and selling of goods and services in return for money or money’s worth.

Scope of commerce is wider than that of trade, which not only refers to the exchange of goods and services but also includes all those activities that are vital for the completion of that exchange.

6 0

3 years ago