in perfect competition, a firm maximizes profit in the short run by deciding a) how much output to produce. b) whether or not to enter a market. c) what price to charge. d) how much capital to use.
Answers
In perfect competition, a firm maximizes profit in the short run by deciding how much output to produce. The market structure of perfect competition is one in which there is a large number of small firms that produce identical products and have no control over the price.
Each firm is a price taker, meaning that it has to accept the market price as given and cannot influence it. As a result, a firm's revenue is proportional to the quantity of output it produces.In the short run, a firm's goal is to maximize profits. To do this, it must produce the level of output where marginal cost equals marginal revenue. Marginal cost is the additional cost of producing one more unit of output, while marginal revenue is the additional revenue earned by selling one more unit of output. A firm will continue to produce as long as marginal revenue is greater than or equal to marginal cost. Once marginal cost exceeds marginal revenue, the firm will stop producing.In the short run, a firm can earn either a profit or a loss.
If the market price is higher than the firm's average total cost (ATC), the firm will earn a profit. If the market price is lower than the firm's ATC, the firm will earn a loss. If the market price is equal to the firm's ATC, the firm will earn zero profit.
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Related Questions
In a free market economy, the market, not the
determines prices. The interactions of
and
determine the price in the market?
Answers
Answer: 1. government , 2. consumers , 3. producers
Explanation: edmentum / plato
James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM four times per month at his local branch. He does not overdraft his account and plans to use direct deposit. He also plans to pay his bills online and he averages 8 bills per month.Which checking account would be best for James?
A. Account B
B. Account A
Answers
The question is incomplete:
The image with the information of account A and B is attached
Answer:
B. Account A
Explanation:
The answer is that the checking account that would be best for James is account B because it doesn't require a minimum balance, the ATM usage fee is $0 for all ATMs, the monthly fee is $0 if he uses direct deposits as he plans to do, the online bill payment is free and the annual fee is $0 while account B has an annual fee of $36 making it more expensive.
Answer:
acc A
Explanation:
How many corporations still offer their employees a pension plan
10%
50%
12%
20%
Answers
which of the following lists the sources of tax revenue to the federal government from the largest source to the smallest source? a. personal income taxes, corporate income taxes, social insurance taxes b. corporate income taxes, personal income taxes, social insurance taxes c. personal income taxes, social insurance taxes, corporate income taxes d. social insurance taxes, personal income taxes, corporate income taxes e. none of the above is correct.
Answers
The correct answer is (c) personal income taxes, social insurance taxes, corporate income taxes.
Personal income taxes are the largest source of tax revenue to the federal government, followed by social insurance taxes (such as those for Social Security and Medicare), and then corporate income taxes. According to the Congressional Budget Office, personal income taxes are the largest source of tax revenue for the federal government, followed by social insurance taxes (which include payroll taxes for Social Security and Medicare), and then corporate income taxes. Other smaller sources of tax revenue include excise taxes, estate and gift taxes, and customs duties.
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Jerome is developing an ad for three properties he has listed in an upscale community. He wants to keep it short and simple. Which of these would NOT trigger full disclosure under TILA?
O Get a low 4.925% APRO Get a low 4.295% APRO Get a low 3.925% APRO Get a low 3.295% APR
Answers
Jerome is developing an ad for three properties he has listed in an upscale community. He wants to keep it short and simple. Among the given options, the statement that would NOT trigger full disclosure under TILA is "Get a low 4.295% APR".
TILA stands for the Truth in Lending Act, which is a United States federal law that protects consumers in credit transactions by compelling lenders to disclose all terms and costs in writing. Any credit terms provided to the client must be completely disclosed under this law.
When consumers shop for a mortgage loan, they compare the Annual Percentage Rate (APR) of various lenders to determine the best deal. The APR is a calculation that includes both the loan's interest rate and the costs of borrowing. As a result, if any loan terms or fees are advertised in the ads, they must be fully disclosed.
The option "Get a low 4.295% APR" will not trigger full disclosure under TILA. The lender must adhere to TILA's disclosure requirements while advertising the loan terms.
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I NEED HELP PLEASE:) idk if It’s A or D
Marissa is a high school student who wants to be a Hydroelectric Production Manager. She talks to her guidance
counselor about her education path, and the counselor says that she needs to get an associate's degree from a
four-year college and will follow that with significant on-the-job training. What error did the counselor make while
advising Marissa?
• Marissa will not have on-the-job training.
O Marissa also needs a three-year apprenticeship.
O Marissa only needs to attend a two-year college.
O Marissa needs a bachelor's degree
Answers
Answer:
Marissa only needs to attend a two-year college.
Explanation:
A hydroelectric production manager requires both technical and managerial skills. Like many other managerial positions, this one too requires a minimum of a bachelor's degree. Marissa will have to attend a four-year degree program at a college/university.
After graduation and once employed, Marissa will need guidance and work experience to grow to her dream position. She will require an apprenticeship program to prepare her for the managerial role. The counselor also made an error by telling her that she needs four years of college education to acquire an associate degree. The truth is that an associate degree takes two years to achieve.
Answer:
Probably C.
Explanation:
Most occupations in this zone require training in vocational schools, related on-the-job experience, or an associate's degree.
Previous work-related skill, knowledge, or experience is required for these occupations. For example, an electrician must have completed three or four years of apprenticeship or several years of vocational training, and often must have passed a licensing exam, in order to perform the job.
Employees in these occupations usually need one or two years of training involving both on-the-job experience and informal training with experienced workers. A recognized apprenticeship program may be associated with these occupations.
in​ process-oriented and​ fixed-position layouts, it is important to minimize the costs of:_______.
Answers
In process-oriented and fixed-position layouts, it is important to minimize the costs of material handling.
Material handling refers to the movement, storage, and control of materials during the manufacturing process. In process-oriented layouts, where similar processes are grouped together, minimizing the distance that materials need to be transported between processes can reduce material handling costs and improve efficiency.
In fixed-position layouts, where the product remains in one location and workers and equipment are brought to it, minimizing the amount of movement required for workers and materials can help to reduce costs and increase productivity.
Additionally, minimizing the costs of transportation and storage is also important in fixed-position layouts as the product stays in one place throughout the production process.
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what are indicators of an impending recession, if inventories are likely to occur?
Answers
A recession is defined as a major drop in economic activity that lasts more than a few months. The following five economic indices are declining: real GDP, income, employment, manufacturing, and retail sales.
During a recession, what happens to inventories?The largest impact is likely to be on inventory; firms will cease adding to their stockpiles and will be more inclined to draw on them to fulfil manufacturing orders. Inventory reductions have a twofold effect on production volume. Two consecutive quarters of negative gross domestic product (GDP) growth is a typical rule of thumb for detecting recessions. The publication of GDP statistics for the second quarter of 2022 in the United States revealed the country's second straight negative GDP growth rate, prompting many to conclude the country is currently in a recession.
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What does the doctrine of respondeat superior provide?
Answers
Answer:
The Respondeat Superior doctrine is a legal doctrine that establishes a rule for the adjudication of responsibilities in the event of damages or breaches in a situation in which there is a relationship of dependency between a superior and a dependent. Thus, this doctrine establishes that the superior will be responsible for the actions of his dependent, that is, in the event of non-compliance or damage by the latter (provided that said damage or non-compliance occurs in the exercise of their functions) the responsibility will assumed by the superior.
Francois deposits $350.00 in a savings account. The account pays an annual interest rate of 4.3%. He makes no other deposits or withdrawals. After 3 months, the interest is calculated. How much simple interest did his money earn?
Answers
Answer:
$3.7625
Explanation:
Simple interest is calculated as
Interest = P x r x t
Where
p = principal amount.. $350
r= interest rate: 4.3% or 0.043
t= time in years: 3 months or 3/12 =0.25 years
Interest = $350 x 0.043 x 0.25
=$3.7625
Which statement best summarizes the relationship between investments and
productivity?
O A. Companies use investments to reduce the opportunity cost of low
productivity.
OB. Companies with poor productivity use investments to become
more efficient.
OC.
O D. Companies use investments to reduce their need for high levels of
productivity.
Companies with high levels of productivity never need to worry
about investment.
SUBMIT
Answers
The statement that best summarizes the relationship between investments and productivity is companies with poor productivity use investments to become more efficient. Option B is the answer.
What is investmentAn asset is purchased as an investment when the goal is to use it to generate income, value appreciation, or both over time. It entails devoting resources like cash, time, or effort with the hope of gaining a lucrative return or advantage later on. Investments come in a variety of shapes and sizes, including stocks, bonds, mutual funds, real estate, and more.
Productivity is the indicator of how effectively inputs like labor, capital, and materials) are converted into outputs (like goods and services in a specific amount of time. In other words, productivity refers to the amount of output generated for each unit of input. It is frequently used as a gauge of competitiveness and economic growth.
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How can the scarcity of natural resources affect the producton of goods and services in the economy?
Answers
Which three characteristics help identify a business opportunity? (Choose three)
Answers
The characteristics that help to identify a business opportunity includes
when it is measurablethe market availabilitythe timing of the opportunity.What is a business opportunity?It refers to a packaged business investment that does allows a potential buyer to begin a business.
In conclusion, the identification of a business opportunity is important because it informs about the best moment to start a business.
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What is the opportunity cost of increasing the number of televisions produced by 4, moving from point B to point C?
Answers
Answer: The opportunity cost of moving from point B to point C is the 2 units of butter that are given up to gain 1 additional gun. When an economy is producing at a point on its production possibilities curve, the economy is using its resources fully and efficiently, e.g. .
Answer:
2 Computers
Explanation:
After restarting a customers complaint the employee should A. Investigate the problem B. Take actin C. Listen to the customer D. Thank the customer for the complaint
Answers
In his speech, Keegan wants to signal what is coming and warn that what is about to be said is significant. What organizational technique should he use
Answers
To signal the significance of upcoming information and provide a warning, Keegan can use the technique of foreshadowing in his speech.
Foreshadowing is an effective organizational technique that can be employed by Keegan to signal what is about to be said and emphasize its significance. By utilizing foreshadowing, Keegan can provide subtle hints or clues about the upcoming information, creating anticipation and intrigue among the audience.
One way to incorporate foreshadowing is through the use of introductory statements or phrases that allude to the importance or impact of the forthcoming content. For example, Keegan could begin his speech by saying, "What I am about to share with you is a game-changer" or "Prepare yourselves for a revelation that will reshape our perspective." These statements not only grab the audience's attention but also alert them that something significant is about to be disclosed.
Another technique within foreshadowing is to present a preview or outline of the main points that will be covered, highlighting their relevance and implications. Keegan can briefly mention the key ideas or themes that will be discussed later, emphasizing their importance and setting the stage for their detailed exploration.
By employing foreshadowing in his speech, Keegan can effectively signal the significance of the forthcoming information and provide a warning that what is about to be said is of great importance. This technique helps engage the audience's attention, heighten their curiosity, and create an atmosphere of anticipation, ensuring that the message will be received with the desired impact.
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Who are mangers? Explain how managers differ from non-managerial
employees and Describe classification, levels and different skills of managers.
Answers
Answer is given below
Explanation:
The manager is a person who belongs to the management team and assists in the management of the company. Non-administrative employees are members of an organization with no administrative functions. Managers are different from non-administrative employees The responsibility of the manager is greater than that of a non-managerial employee. Since the manager is a role model for non-managerial employees, he must have good morale. The manager is responsible for his subordinate actions. The manager is responsible for achieving the goals of the organization, however the coordination effort of all employees is required. The absence of a non-manager does not affect the performance of the company more than the absence of a manager.Bond's gym should use to help solve the problem. if the owner of bond's gym raises his prices, the demand for membership will most likely . if the owner of bond's gym decides to raise his prices, he could make money per monthly membership.
Answers
If the owner of bond's gym decides to raise his prices , the quantity demanded for membership will most likely decrease.
Bond's Gym should use negative incentives to assist in resolving the issue. If Bond's Gym's owner raises his prices, the number of people who want to join will most likely decrease. When demand falls, the equilibrium price falls, as does the quantity supplied.
If supply increases while all other factors remain constant, the equilibrium price falls and the quantity demanded rises. Buyers' spending on a given product or commodity is limited because they have limited resources, so higher prices reduce the quantity demanded. In contrast, as the product becomes more affordable, demand rises.
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Answer:
negative incentives, decrease, more
Explanation:
Five stages of sustainable business maturation, from basic to advanced, are defined by the following motives: profit, philanthropy______, ______ and _____.
a. Management, innovation, strategy b. Investment, risk, profit c. Marketing, control, responsibility d. Media, projects, investments
Answers
Five levels of sustainable enterprise maturation, from primary to superior, are defined by way of the following motives: income, philanthropy marketing, control, and responsibility.
The term business refers to a company or enterprising entity engaged in business, commercial, or professional activities. The motive of an enterprise is to organize a few types of economic production (of products or offerings).
Commercial enterprise is the exercise of creating one's residing or earning money with the aid of producing or buying and promoting merchandise (such as goods and services). it is also "any hobby or employer entered into for profit."The motive of a business is to provide a price (thru products and/or offerings) to clients, who pay for the cost with coins or equivalents. Minimally, the money received should fund the expenses of running the business as well as provide for the life desires of the owner.
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an employee who comes in contact with infectious materials should immediately
Answers
An employee who comes into contact with infectious materials should immediately take appropriate precautions to minimize the risk of infection and follow the organization's established protocols and guidelines.
Stop the exposure: The employee should immediately cease contact with the infectious material. If necessary, they should move away from the contaminated area or isolate themselves from others to prevent further transmission.
Cleanse the affected area: If the contact involves a spill or exposure to bodily fluids, the employee should thoroughly cleanse the affected area using appropriate disinfectants, soap, or water. If there are any visible cuts or wounds, they should be cleaned and covered with a waterproof dressing.
Notify the supervisor or designated authority: The employee should inform their supervisor or the designated authority within the organization about the incident. This allows the organization to initiate the necessary procedures, such as reporting the incident, providing medical assistance if required, and conducting any follow-up actions.
Seek medical attention if necessary: Depending on the severity of the exposure or the infectious material involved, it may be advisable for the employee to seek medical attention. They should consult with a healthcare professional or follow the organization's protocols for medical evaluation, testing, or treatment.
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skinderma, a popular skincare company, apologized to all its customers when a large number of its products were tested positive for banned substances. however, the company failed to take any further action as against the expectations of its customers. this is an example of a(n) .
Answers
To the dismay of its clients, the corporation did not, however, take any more action. An illustration of a defensive strategy is this.
A marketing approach known as a defensive strategy aids businesses in keeping hold of valuable clients who may otherwise be attracted by rival businesses. Competitors are businesses that operate in the same industry or that cater to the same clientele and provide comparable goods.
To repel aggressive attacks is the goal of a defensive company strategy. You face a serious issue since you put your company at danger if you don't have a defensive strategy or if you can't halt an attack.
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(Consider This) The idea that the price level readily moves upward but not downward is called the: ratchet effect.
Answers
The ratchet effect is an economic concept that suggests that prices tend to rise more easily than they fall.
This means that when there is an increase in demand for goods or services, prices rise quickly, but when demand decreases, prices do not fall as quickly. This is because businesses are reluctant to lower prices as it can be seen as a sign of low quality or desperation.
The ratchet effect can be observed in various industries, including real estate, where property values tend to rise quickly during economic booms, but remain relatively stable during recessions.
Overall, the ratchet effect can have a significant impact on the economy and consumer behavior, as it affects the way prices are set and how people make purchasing decisions.
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What is a necessary component of a simulation game?
It must be based on a real-world activity or experience.
It must include some learning or practicing an experience.
It must include negative consequences for mistakes.
It must be designed with adult players in mind.
Answers
Answer: Game world. Goals and objectives:
Rules and/or Instructions:
Interaction:
Conflict (and/or competition, challenge, opposition)
Outcomes and Feedback.
Game storyline.
Characters for video game.
Music.
Visuals.
Quality assurance.
Example: GTA aka ; grand theft auto
Which of the following is not a component of good customer service?
Attendance at store trainings
A positive attitude
Asking closed-ended questions to get a definitive yes or no answer
Acknowledge the customer quickly
Answers
Answer:
Attendance at store trainings
Explanation:
Customer service is providing prompt, useful, and professional support to existing and potential customers. Good customer service results in happy, satisfied, and loyal customers. Customer service is done through face to face interactions, telephone calls, and through online channels.
Employees or anyone interacting with customers must display a positive attitude, ask closed-ended questions, and acknowledge the customers quickly. These traits will make the customer feel welcomed and appreciated. Attendance at stores trainings is good for sales but does not add much value to the quality of customer service.
roberta is happy to see that her own efforts have an important impact on the success of the company. this is an example of which dimension of empowerment?
Answers
This is an illustration of the empowerment component of personal control. According to psychological empowerment theory, empowered employees view their work more positively.
Which of the five phases of empowerment are they?
Atomistic Individual Strengthening.Implanted Individual Strengthening.Empowerment through Mediation.Political and social empowerment.Political Strengthening.What are the 3 fundamental goals of strengthening?One could argue that empowerment has three facets: self-empowerment achieved through one's own actions, interpersonal empowerment through mutual empowerment, and social empowerment achieved through the outcomes of social action.
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Match each word with the phrase that best defines it.
service
a measure of how financially worthy a
person is to receive loans
credit score
the act of stealing and using someone
else's personal information
identity theft
a condition of financial failure
bankruptcy
a resource that is provided to meet
consumers' needs
Answers
Answer:
Credit score - A measure of how financially worthy a person is to receive loans .
Identity theft - the act of stealing and using someone else's personal information .
Bankruptcy - A condition of financial failure
Consumers' needs - A resource that is provided to meet .
Explanation:
The Credit score is described as the numerical expression which represents an individual's creditworthiness. This number is determined by the evaluation of past credit files of the person which makes him/her worthy or not worthy to seek loans from the bank.
Identity theft is a term employed for describing an illegal or fraudulent use of a person's identity or personal information for seeking financial or other advantages(obtaining credit, medical services, file taxes, etc.) associated with that person.
Bankruptcy is demonstrated as the term used for 'legal declaration or recognition of the condition of insolvency of an individual or financial organization.' In this situation, the person or organization fails to repay the debts.
Consumer needs are described as the resources(product or service) that the consumers require to meet a particular need. In economic terms, it is the customer's desire for a resource or good for a specific benefit or advantage. For example: a fan would help the consumer to eliminate the feeling of heat.
discuss four circumstances under which state control of private business are justified
Answers
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
the diverse co. has invested 40 percent of the firm's assets in a project with a beta of 0.4 and the remaining assets in a project with a beta of 1.8. what is the beta of the firm? select answer from the options below 0.96 1.24 1.28 none of these are correct.
Answers
The beta of the firm when 40 percent of the firm's assets in a project with a beta of 0.4 and the remaining assets in a project with a beta of 1.8 is 1.24. Therefore, the correct option is option 2.
The beta of the firm can be calculated using a weighted average of the betas of the two projects.
To find the beta of the firm, follow these steps:1. Determine the percentage of assets invested in each project.
- 40% of assets in Project 1 (beta = 0.4)
- 60% of assets in Project 2 (beta = 1.8) (since the remaining assets are invested in this project)
2. Multiply the percentage of assets invested in each project by their respective betas.
- Project 1: 0.4 * 0.4 = 0.16
- Project 2: 0.6 * 1.8 = 1.08
3. Add the weighted betas of each project to find the overall beta of the firm.
- Beta of the firm = 0.16 + 1.08 = 1.24
So, the beta of the firm is option 2: 1.24.
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Several insiders of a mortgage company fraudulently sold serviced loans belonging to other financial institutions and kept the proceeds. An insider modified data in the servicing system to make it appear the loans were still being serviced and were current. The insider is compensated handsomely by the borrowers. This is an example of: