when profit-maximizing firms in competitive markets are earning profits,

Answers

Answer 1

There are different ways that firms to make profits. When profit-maximizing firms in perfectly competitive markets are earning economic profits, new firms will enter the market.

Profit maximization is simply known to be the short run or long run method through which firms can know the price, input and output levels that tends to lead to the highest profit.

For profits to be maximize in a perfectly competitive market, firms have to  make the marginal revenue equal to marginal cost (MR=MC). MR is known to be the slope of the revenue curve that equal to the demand curve (D) and price (P).

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Related Questions

Team Edward or Team Jake
(From Twilight)
Team Vampire or Team Warewolf

Answers

team jacob all the way lol

Answer:

Explanation:

Ok so I was first team Jacob but now I think I'm team Edward.

Hotness wise... I think Jacob is more attractive especially in Eclipse b/c omlll when he was in the black t-shirt I gasps.

So I think I'm actually going to say I'm team both. However I'm team Vampire because I like vampires more.

___________ change introduces a new practice to an organization but one that is not new to the industry.

Answers

The answer would be Innovative.

how do i comment on a question

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Answer:

click the three dots in to the corner then press comments.

If your on mobile you should see like 3 dots and if you click in them and then click comments you should be able to

If your on pc go to under the question and you should be able to comment there as well.

What term is designed to give the employee the freedom and opportunities to push the boundaries of their job description and to think about new and better ways to work?

Answers

The term initiative principle was created to give employees the freedom and opportunities to push the boundaries of their job description and think about new and better ways of working.

The initiative principle is one of the 14 administration principles that was developed by Henry Fayol and corresponds to the authorization of the expression of the collaborators' ideas.

Therefore, the principle of the initiative guarantees the possibility for the employee to contribute to the company with creative ideas that generate value, innovation, engagement and employee motivation.

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Answer:

Professional Development

3. Journals, ledgers, and work sheets are considered permanent records. (p. 159)
True or false

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Answer:

false

Explanation:

After a strong hurricane lashed the Caribbean last year, many impacted countries were forced to borrow money for repairs. Which organization would most likely be responsible for lending the money in this example

Answers

Answer: World bank

Explanation:

The International Monetary Fund (IMF) is the organization that would most likely be responsible for lending the money in this case,

The International Monetary Fund is an international body that offers loans and other forms of assistance to facilitate establishment and maintenance of a country's economy.

In conclusion, the International Monetary Fund (IMF) is the organization that would most likely be responsible for lending the money in this case,

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A real estate agent who writes up a contract for the purchase of a home is providing ________ utility.

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Based on estate management definitions, a real estate agent who writes up a contract to purchase a home provides Possession utility.

This is because a Possession utility is a term used in estate management services to describe the proportion of suitability or perceived value from owning a product.

Therefore, in this case, a real estate agent providing possession utility for a home creates a financing term toward possession of the home.

This possession utility is expected to lead to a high chance of home sales.

Other types of economic utility include the following:

Place;Form;Time.

Hence, in this case, it is concluded that the correct answer is "Possession utility."

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according to maslow’s hierarchy of needs, joining a leadership development group is an example of the self-actualization need.

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According to Maslow’s hierarchy of needs, when one joins a leadership development group, it is an example of the self-actualization need. Therefore, it's true.

Self-actualization need simply means the realization of the potential of a person. It's self-fulfillment, and the desire to accomplish a particular thing.

In this case, joining a leadership development group is an example of the self-actualization need. In such a situation, the personal goal or desire of the person is accomplished.

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Home Depot hired an advertising agency to develop television ads for its grand opening in southern Maine. The advertising agency represents which component of the communication process

Answers

Answer:transmitter

Explanation:

according to current growth charts, an infant can be expected to ______ his or her birth weight by 1 year of age.

Answers

Infants can be expected to triple their birth weight by 1 year

According to current growth charts, an infant can be expected to triple his or her birth weight by 1 year of age.

What is growth?

The term "growth" describes an increase in the size and mass of an organ or a body. Cell division and an increase in intracellular material are the usual mechanisms. Development is the maturing of an organism's physiological and functional systems.

The average baby will gain twice as much weight throughout the first six months of life. They will gain three times as much weight from birth to age one. The first three months of life will see a daily weight rise of roughly an ounce.

Think about the following general recommendations for newborn growth in the first year: A newborn may gain 5 to 7 ounces (about 140 to 200 grams) and grow 1/2 to 1 inch (around 1.5 to 2.5 cm) or more per week from birth until age 6 months. By roughly five months old, your baby should have gained twice as much weight as at birth.

Therefore, Thus, option (A) is correct.

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A. triple.

B. double.

C. quadruple

what is the process of managing changes to the business requirements throughout the project?

Answers

Answer:

Requirements management is the process of managing changes to the business requirements throughout the project. The analysis phase establishes descriptions of the desired features and operations of the system including screen layouts, business rules, process diagrams, pseudo code, and other documentation.

The practice of managing changes to the business requirements during the project is known as requirements management. In the analysis phase, descriptions of the required functions and features of the system are established. These descriptions may include screen designs, business rules, process maps, pseudo code, and other documentation.

What is requirements management?

The goal of requirements management is to make sure that a company records, confirm, and satisfies the requirements and expectations of its clients and other internal or external stakeholders. The study and elicitation of the organization's goals and limitations is the first step in requirements management.

Supporting planning for requirements, integrating requirements and the organization for dealing with them, as well as interactions with other information delivering against requirements, and adjustments for these are all other components of requirements management.

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Location is very important in the marketing of __________ because consumers desire to purchase these goods with a minimum of shopping effort.

Answers

Answer:

Services

Explanation:

I think is services

milton friedman led a new economic school of thought called

Answers

Answer:

Friedman's economic theories became what is known as monetarism, which refuted important parts of Keynesian economics.

School: Keynesian economics

Works written: A Monetary History of the United ...

Explanation:

Using one of the leadership roles or extracurricular activities you prioritized as being important to you, describe what impact the experience had on you, what you contributed, what you learned about yourself, and how it has influenced your plans for the future?

Answers

One of the leadership roles that are on the rise in today's globalized environment is the role of the visionary leader, who is one who has a strategic and planned vision about the organizational resources and future of the company.

A visionary leader aims to keep the organization in line with the highest standards of innovation, always attentive to new trends and market changes, using a systemic vision.

Therefore, relating the visionary leadership role to personal development, one can understand aspects that will help an individual to be adaptable to eventualities, be more organized, manage essential resources and plan for the future.

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When supply chain members realize that their goals and success are linked to others on the same team, they develop deeper long-term ______.

Answers

Answer:

must understand

Explanation:

Groups of employees from different departments who work together on a long- term basis are called ______________________________________________.

Answers

Answer:

cross-functional teams

Explanation:

In 2020, Erin (38) contributed $2,000 to a traditional IRA. She will use the single filing status, and her modified adjusted gross income (MAGI) is $31,000, all from wages. Erin has never taken a distribution from any retirement account. She is potentially eligible for a retirement savings contributions credit (Saver's Credit) of up to:

Answers

Based on the information given she is potentially eligible for a retirement savings contributions credit (Saver's Credit) of up to: $200.

The minimum threshold for single filing status is $31,500 threshold but based on the information given we were told that Erin modified adjusted gross income (MAGI) is $31,000 which is lower than $31,500.

Based on this Erin credit rate is 10% of the amount she contributed to the traditional IRA, which mean that she is eligible for a Saver's Credit of up to $200 calculated as:

Saver's Credit=$2,000×10%

Saver's Credit =$200

Inconclusion she is potentially eligible for a retirement savings contributions credit (Saver's Credit) of up to: $200.

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roberto really enjoys mingling at work functions, both to network for new contacts and simply to share stories with other interesting people. roberto probably scores high in:

Answers

Answer:

he made the first microscope in biology

In selecting a media vehicle, media planners need to determine the cost of the vehicle's reach. To measure this, they use a method known as ______________.

Answers

Based on the Cost Per Thousand analysis, when deciding to select a media vehicle, media planners need to determine the cost of the vehicle's reach. To measure this, they use a method known as "Cost Per 1,000."

Cost Per 1,000 is a term used in the media world, particularly social media advertisement, to describe the price of 1,000 advertisement impressions on a single web page.

Cost Per 1,000 is often called cost per thousand (CPM) or called Cost per mille.

It is measured by dividing the total cost of the advertising by the quantity of impressions and times 1000. CPM => cost ÷ impressions x 1000.

Hence, in this case, it is concluded that the correct answer is Cost Per 1,000.

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the motor city miracle playoff game took place on january 8, 2000, when the tennessee titans returned a kickoff for a touchdown with 16 seconds left. what team did the titans beat in that game?

Answers

In January 8, 2000, the Motor City Miracle Playoff game took place that saw the Tennessee Titans play the Buffalo Bills.

The Motor City Miracle Playoff game:

Was played between the Buffalo Bills and the Tennessee Titans Ended in victory for the Titans Saw the Titans win with 16 seconds to go

In this very intriguing game, the Buffalo Bills were well on their way to victory after they scored a field goal with 16 seconds to go. The Titans however, scored a touchdown in those mere seconds to win the game 22 - 16

In conclusion, the Tennessee Titans played the Buffalo Bills.

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given in return for good service *

Answers

For a good business, you can add small things that will cheer up your customers :) I’m not sure what u wrote so a piece of advice helps

which phase of the goals-based strategic planning involves an in-depth analysis of the company and its competitors?

Answers

Considering the business planning strategies, the phase of the goals-based strategic planning that involves an in-depth analysis of the company and its competitors is "Analyze the situation."

This is because, during this stage, firms can carry out an analysis that is often called SWOT analysis.

This allows the business firms to carry out the analysis on their own strength, weakness, and then opportunities and threats of their competitors.

Some other the phases of the goals-based strategic planning include the following:

Set direction;Define strategies;Deploy plan

Hence, in this case, it is concluded that the correct answer is "Analyze the situation."

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Because entrepreneurs need to buy products to keep their businesses running, other

businesses are needed to meet these needs. This is an example of

O new business

O taxes

O self-confidence

O demand for products

O new technology

Answers

Answer:

Demand for products

Explanation:

This is dealing with the aspects of consuming rate... Where buyer is requested for a goods more than the production rate on ground... So entrepreneurs need more products to keep the consumption rate in check so goods will be available

Answer:

Your answer would be "Demand For Products"

Explanation:

Hope i was able to help :)

if common stock is issued for an amount greater than par value, the excess should be credited to

Answers

Answer:

Cash

Explanation:

If common stock is issued for an amount greater than par value, the excess should be credited to:  Cash.

hope that help you :)

what action should a member take if it is believed that an opsec disclosure has occurred?

Answers

Report the OPSEC disclosure to your OPSEC representative or the EUCOM OPSEC PM.

what are the answers to number 3 4 5​

Answers

3C 4D and 5A thats thw answer for them

Lower price for substitute products/services will
A. Increase Demand
B. Supply/Demand Equilibrium
C. Decrease Demand

Answers

I’m pretty sure the answer is A

contributed capital of $1,000,000 is found in the ______ section of the ______.

Answers

Answer:

Here is Your Answer

contributed capital of $1,000,000 is found in the stockholders equity section of the Balance sheet

Which best diagrams the correct obstacle to the example?

Answers

economic trade this is your answer hope it's helpful to you

Economic Trade is the answer.

Acme Partnership reported the following items of income and expense: Sales $200,000 Cost of goods sold 115,000 Interest expense on bank line of credit 13,000 Charitable contributions 2,000 Administrative expenses 50,000 Long-term capital gain 10,000 What amount should be reported as ordinary income

Answers

The amount that ACME Partnership should report as ordinary income is $83,000.

Data and Calculations:

Sales Revenue =          $200,000

Cost of goods sold =       115,000

Gross profit =                 $85,000

Administrative expenses  2,000

Operating income =    $83,000

Interest expense             13,000

Taxable income           $70,000

Charitable contributions 2,000

Long-term capital gain  10,000

The operating income is the ordinary income before determining the eligibility of the charitable deductions and the long-term capital gain.

Thus, the ordinary income of ACME Partnership is $83,000.

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