Which of the following curves resembles supply curve under perfect competition in the short run? options average cost curve above break even point marginal cost curve above shut down point marginal utility curve average utility curve

Answers

Answer 1

Answer: In the short run firms cannot exit the market. With a perfectly competitive market, each firm has to take the price as given and can sell as much as it wants at the given price, i.e. MR=P. Each firm maximizes profits by producing the quantity where its marginal revenue equals its marginal cost, i.e. MR=MC=P. Therefore the marginal cost curve is the short run supply curve of the firm.

Related Questions

Which of these is NOT an example of a fixed expense in a budget?A) car payment B) mortgage payment C) car insurance payment D) expenses for a birthday party
The Nissan assembly plant in Tennessee purchases several thousand unassembled parts for automobiles and then performs final assembly of the vehicles before delivering them to dealers all over the nation. Purchasing parts several days or weeks before they are assembled would increase the total cash outlay the plant has tied up in inventory at any given time. In order to reduce the expense of large inventories, most assembly plants have successfully adopted __________ inventory systems.a. balancedb. strategic alliance c. just-in-timed. rotational
Which economic indicator measures inactivity rather than activity ?A. Corporate Profits B. Unemployment Rate
Which strategy is most likely to improve most people's financial situation over a lifetime?A.using a credit to spend more than a person. B.making financial decisions quickly based on intuition. C.saving early in life when a person begins earning an income. D.Gaining work experience early instead of continuing in school.
what should jose tell michelle about this offer? what are additional questions she should find answers to prior to getting this credit card?

The investment most affected by local conditions is:A. real estate
B. savings accounts
C. mutual funds
D. Treasury bills

Answers

Savings accounts . . .
   interest rates are most determined by the state of
   the national economy.

Mutual funds . . .
Treasury bills . . .
   traded on nationwide exchanges; prices and returns
      are pretty uniform nationwide.

Real estate . . .
   rests directly on local conditions in each city, and sometimes even in
      different parts of the same city;
   affected by things like local unemployment, local bad weather,
      local price of gas, local tourism, local special events, etc.

It's probably savings accounts, because it shows how people in the local area is doing.

_____ would be most likely to help you develop a 4 plan.

Answers

THE SMALL BUSINESS ADMINISTRATION would be most likely to help you develop a business plan.

Every businesses start small. When it comes to starting and running a small business, available sources include small business administration, industry associations, blogs, and websites.

The performance of a bank that continually concentrates in short-term deposits in euros and adjustable rate dollar loans with equal-rate sensitivity is:___________a) unaffected if euro interest rates increase and US rates decrease
b) unaffected is US interest rates increase and euro interest rates decrease
c) adversely affected if European interest rates increase and US rates decrease
d) adversely affect if US interest rates increase and euro rates decrease
e) A and B

Answers

Answer:

Search it for the best answer

Answer:

$tex]\purple{\rule{45pt}{7pt}}\red{\rule{45pt}{99999pt}}$

If the price of butter increases, then the demand for margarine will likely _____. increase decrease

Answers

The right answer for the question that is being asked and shown above is that: "decrease." If the price of butter increases, then the demand for margarine will likely decrease. The answer is correct as far as the price of the butter increases.

Which financial activity helps a company based in another country?A.)foreign direct investment
B.)market value
C.)price floor
D.)productivity

Answers

The financial activity that helps a company based in another country is : A. Foreign direct investment

Foreign direct investment is a type of investment in the form of ownership of a business entity by an entity in another country. For example : Berkshire Hathaway ownership of a an entity in Indonesia

The correct answer is

A- Foreign Direct Investment

Your self-concept, personality type, and learning styles all affect your _____.

Answers

a. ability to learn something new

b. potential career choice

c. basic workplace skills

d. work environment

Answer:

b. potential career choice

Explanation:

The believes that people have about themselves, the way in which they behave and the form in which they absorb, process and retain the information helps to establish the skills people have and the things that interested them which affects the career that they may follow as it would be related to what they feel they can do and that make them feel confortable. Because of that, the answer is that your self-concept, personality type, and learning styles all affect your portential career choice.

Your self-concept, personality type, and learning style all affect your potential career choice

Other Questions

Can I get some help with these questions?1. The country has entered a period of economic growth, but prices are rising too rapidly. To stabilize prices, the Federal Reserve decides to A) decrease the federal funds rate B) decrease the reserve requirement C) raise the discount rate D) buy more government securities 2. Mark washes his jeans and finds that the $20 bill that was in his pocket is in four pieces. He takes the four pieces to the bank and receives a nice crisp $20 bill. What function of money does this illustrate? A) Measure of value B) Medium of exchange C) Divisibility D) Store of value 3.A free trade agreement lowers restrictions on trucking across International borders. Which of the following would be a negative externality for the local environment? A) Higher costs for domestic goods B) fewer imports of renewable resources C) more water consumption D) an increase in air pollution

When money is deposited in the bank for later use, it is a _____. medium of exchange store of value unit of account

Equities are claims of ownership in a corporation. Please select the best answer from the choices provided T F

Which of the following commonly results in the financial failure of a firm?a. Diversification b. Undercapitalization c. Control of expenses d. Management of cash flows