The accompanying diagram depicts the revenues and costs of a firm producing vodka.
a. Total revenue is represented as a straight line. What feature of perfect competition does linearity of the total revenue curve reflect?
Firms produce differentiated products.
There are no barriers to entry.
There are many firms in the industry.
Firms cannot affect price.
b. If the firm produces 120 units of output, it will earn a positive profit.
false
true
c. Suppose the firm is producing 70 units of output and decides to cut output to 60. As a result, its profit will
. If instead of cutting output to 60, the firm increases output to 80, its profit will
.
d. The slope of the TR curve indicates that marginal revenue is
over the output levels illustrated. The slope of the TC curve indicates that marginal cost is
over the output levels illustrated.

Answers

Answer 1

Explanation:

a. The linearity of the total revenue curve reflects the feature of perfect competition that firms cannot affect price. In perfect competition, firms are price-takers and have no control over the price of their product. Therefore, the total revenue curve is linear, indicating that the firm earns the same amount of revenue per unit of output sold.

b. False. The profit of the firm at 120 units of output is zero, as the total revenue and total cost curves intersect at that level of output. Therefore, producing 120 units of output results in normal profit.

c. If the firm cuts output from 70 to 60 units, its profit will decrease. This is because the firm will be producing at a level where marginal cost exceeds marginal revenue, resulting in a decrease in profit. On the other hand, if the firm increases output from 70 to 80 units, its profit will also decrease. This is because the firm will be producing beyond the point where marginal cost equals marginal revenue, resulting in a decrease in profit.

d. The slope of the TR (total revenue) curve indicates that marginal revenue is constant over the output levels illustrated. This is because the total revenue curve is linear, indicating that the firm earns the same amount of revenue per unit of output sold. The slope of the TC (total cost) curve indicates that marginal cost is increasing over the output levels illustrated. This is because the total cost curve is upward sloping, indicating that the firm incurs additional costs as it produces more output.

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Related Questions

Hillary and Stephanie have both borrowed $15,000 from the same bank to buy the same model of a new car. Hillary's credit score is 732 and
Stephanie's credit score is 588. Who is likely to pay a lower finance charge?

Stephanie

Hilary

They will pay the same because they used the same bank

They will pay the same because they bought the same car

Answers

Answer:

Call me at (470)343-8439

Explanation:

Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?

Answers

Answer:

1. It will cause them confusion throughout the tax calculating process.

2. Using a single account will make it difficult to keep payroll records.

3. Keep track of your personal expenses and earnings.

Explanation:

1. It is preferable to establish a separate account to separate the firm's actual income and expenses.

2. Payroll expenses are indistinguishable from personal expenses.

3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.

Help ASAP!!!! most possible answer

Answers

a hope this helps!!!!

Answer:

The administration prosses a public and and AVAILIBLE TO ANYONE to review.

Explanation:

That is the most open administration because its available to anyone-(the public).

How can a diverse economy like the United States, satisfy the needs of its consumers?

Answers

Answer:

Supply and Demand

Explanation:

write how vermicompost is prepared in a pit

Answers

Explanation:

Vermicomposting pits are mainly used by farmers. These farmers dig a large hole that serves the purpose of burying worms and organic waste material. Pits made for vermicomposting are usually 1 m deep and 1.5 ms wide.

OJT is best for large groups.

True
False

Answers

Answer - true
I think this is right

Are the following statements true or false? Explain in each case.
“Two countries can achieve gains from trade even if one of the countries has an absolute advantage in the production of all goods.”
“Certain very talented people have a comparative advantage in everything they do.”
“If a certain trade is good for one person, it can’t be good for the other one.”
“If a certain trade is good for one person, it is always good for the other one.”
“If trade is good for a country, it must be good for everyone in the country.”

Answers

1. True. Even if one country has an absolute advantage in the production of all goods, both countries can still benefit from trade if the other country has a comparative advantage in the production of certain goods.

2. False. Even the most talented people are not good at everything but they might be better at some things than others, but they cannot be excellent at everything.

3. False. Trade can be beneficial for both parties involved.

4. False. Trade can be beneficial for one party but not necessarily for the other.

5. False. International trade can have negative consequences for certain groups of people.

The ________ curve has a positive slope because as prices of final goods and services rise, prices of inputs rise more slowly.

Answers

Answer:

the supply curve

Explanation:

short run aggregate supply curve bc the prices of final goods and services increases, the input prices increases more slowly

What's the answer I need help ASAP!!

Answers

Answer:

Explanation:

What are the effects of unanticipated deflation? Multiple select question. The real incomes of people with fixed nominal incomes will increase. The purchasing power of savings will increase. The real value of fixed-monetary assets will decline. Creditors will benefit at the expense of debtors.

Answers

Unanticipated deflation involves the sudden decrease in the prices of goods and services .The effects of unanticipated deflation include

The purchasing power of savings will increase

Creditors will benefit at the expense of debtors.

The real value of fixed-monetary assets will decline

The purchasing power of savings will increase as the prices of goods and services has reduced thereby giving rise to buying more with the same amount of money.

Other effects include creditors benefiting at the expense of debtors and the real value of fixed-monetary assets being on the decline.

However, the real value of real incomes of people with fixed nominal incomes will not increase as no change occurs when dealing with deflation as there is usually no adjustments.

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For a valid contract, courts insist on a _____________. a. meeting of assent. b. mutual meeting. c. meeting of the minds. d. contractual meeting. e. meeting of the parties.

Answers

For a valid contract, courts insist on a meeting of the minds. A valid contract is one that is legal and binding. All parties are legally bound to perform the contract in a valid contract.

What is meeting of the minds?

The word "meeting of the minds" refers to an agreement or understanding between two or more persons, as well as their interpretation of that agreement.

In legal terminology, the phrase refers to a critical component in contract validity. When both parties agree to the terms of a contract, it is called a meeting of the minds.

Thus, option C is correct.

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When banks offer borrowers smaller loans than they have requested, banks are said to?

Answers

Banks offer Borrower's ability to repay the loan, a lack of collateral to secure the loan, or a shortage of funds available for lending.

How bank offers Borrower's ability?

When banks offer borrowers smaller loans than they have requested, it is said to be a loan "rationing" or "credit rationing" situation.

Credit rationing occurs when lenders limit the amount of credit available to borrowers, either by offering lower loan amounts than requested or by setting strict criteria for loan approval that some borrowers cannot meet. This may happen for several reasons, such as the lender's concerns about the borrower's ability to repay the loan, a lack of collateral to secure the loan, or a shortage of funds available for lending.

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On a small scale, what should a hospitable relationship between a guest and a host be filled with?
A. goodwill and the desire to provide a pleasing and positive encounter
B. disagreement and constant bargaining over the minute details of the situation
C. no communication and very little interaction between host and guest
D. lifelong friendship and a relationship that grows deeply over the years

Answers

The answer is A. goodwill and the desire to provide a pleasing and positive encounter.

A hospitable relationship between a guest and a host should be filled with mutual respect, kindness, open communication, and genuine concern for each other's well-being. The host should strive to create an environment that is comfortable, welcoming, safe, and accommodating for their guests. The guest should also show gratitude towards the host by being respectful of their space, following any rules or guidelines set by the host or property owner.

Disagreement or constant bargaining over minute details can lead to tension in the relationship between guest and host which may result in negative experiences for both parties involved.

No communication or very little interaction is not conducive to building a good relationship either as it shows lack of interest on part of both sides.

Lifelong friendship may develop from such encounters but cannot be expected as it depends on various factors like compatibility etc.

Bernie works for quickwell lending and accesses several lenders to find a loan product that works best for his clients. what is bernie?

Answers

Bernie is a mortgage broker who accesses several lenders to find a loan product that works best for his clients.

A mortgage broker is a person who acts as an intermediary between the person who offers the loans and someone who wants to buy real estate. so they help their clients to obtain the best rate of interest on their loans. In this way, the client will be able to obtain the best terms and rates to meet their financial needs.

A mortgage broker can help us find the right mortgage. This helps the client in saving time, money, and effort. A mortgage broker may have better and more access to lenders than we have. The only factor to be kept in mind is the charges that these mortgage brokers may take from us.

So a mortgage broker is a link between financial institutions and individuals. The mortgage broker works with both to get the amount of loan sanctioned and at the best rates. They also verify all the paperwork necessary for obtaining the loan. So as Bernie works for finding a loan that is the best for the client he is a mortgage broker.

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Accords reached by governments in which countries voluntarily limit the volume or value of goods they export to or import from one another are known as?

Answers

Accords reached by governments in which countries voluntarily limit the volume or value of goods they export to or import from one another are known as export restraint agreements.

What is export and import ?

Since payments to sellers who are located outside are a part of import transactions, there is a corresponding outflow of funds from the nation. Exports are products and services that are made domestically and then offered to clients in other nations.

The export of rice from China for sale in several nations is an illustration of export. to transfer (data) between programs.

From an American point of view, chocolate produced by a Belgian company and sold there would be considered an import.

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Two investments have the following expected returns (net present values) and standard deviation of returns:

Answers

Answer:

Explanation:

yes

Thomas and emily are discussing the affect of ai on future employment. Emily correctly points out that _____.

Answers

Thomas and Emily are debating the impact of artificial intelligence on future jobs. Emily accurately points out that the introduction of new technology has always resulted in more employment creation than job loss.

What effect does the introduction of new technologies have?

New digital technologies are increasingly permeating the economy. As a result of this digitization, machines are increasingly capable of performing tasks that were previously only performed by humans.

Manufacturing processes and organizations are evolving, and services, new products, and business models are emerging. The introduction of new technologies has consistently resulted in more job creation than job loss.

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Jessica wants to save $100,000 in the next 10 years so she can have a good start on her retirement fund. How much will her monthly contributions need to be if she can earn a 12% return on her money?.

Answers

In order to get a head start on her retirement fund, Jessica plans to save $100,000 over the next ten years. If she can get a 12% return on her investment, she will need to make monthly instalments of $434.71.

Savings are important for two reasons: financial security and financial objectives. Confidence in your capacity to cover unforeseen expenses, pay for your own retirement, and maintain a chosen lifestyle is a result of financial stability and preparedness.

Goals can aid in maintaining perspective and reining in saving efforts. Your ability to accumulate your first $100,000 for any objective you may have in mind will depend on how much money you have to save, whether retirement from lower costs or higher income. And after you accomplish that, getting to the next $100,000 will be simpler.

So, In order to get a head start on her retirement fund, Jessica plans to save $100,000 over the next ten years. If she can get a 12% return on her investment, she will need to make monthly instalments of $434.71.

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WHY DO THEY CALL IT GAS WHEN ITS A LIQUID?

Answers

Answer:

i don't know if the is correct or not but I'll give it a shot at answering. most vehicles are powered by gasoline (obviously) but we often refer to it as gas although it isn't even a gas. it's a liquid, but humans just like renaming things i guess. anywho gasolines state of matter is NOT a gas but we just shortend it to "gas." (hoped this helped lol)

susan has purchased a whole life policy with a death benefit of $420,000. assuming that she dies in 8 years and the average inflation has been 5 percent, what is the value of the purchasing power of the proceeds?

Answers

Purchasing power of proceeds is $284,360.18

-Exhibit 1-A gives the future value of $1 after different periods of time at different levels of inflation.

- As the inflation is 5% and period is 8 years, we locate the table factor for 5% and 8 years. The factor is 1.477

- Divide the insurance benefit amount by the table factor to get the purchasing power of proceeds.

Purchasing power of proceeds = (420,000) / (1477) = $284,360.18

What is purchasing power?

The sum an investor pays for an investment is referred to as the purchase price, and that amount becomes the investor's cost basis for determining gain or loss when the investment is sold. Pricing will undoubtedly be crucial if a product is currently in high demand on the market because a price increase may deter buyers from purchasing it. In a similar vein, if prices are reduced in such market circumstances, then customers' purchases will rise sharply.

Answers

It can be seen from the solutions given that Cain's net income is $24,000.

Here is the solution:

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

Answers

A company (regardless of industry) that uses digital technology involving connectivity, communication, and ai as a foundation of its value-creation processes is referred to as a(n ) digital enterprise

This is further explained below.

What is a digital enterprise?

Generally, A company that incorporates the use of technology to achieve a competitive edge in both its internal and external business operations is known as a digital firm.

The term "digital technologies" refers to any electronic equipment, system, device, or a resource that can create data, store data, or process data. Examples such as social media, online gaming, multimedia, and mobile phones are very familiar to most people.

Learning of any kind that makes use of technology is referred to as digital learning.

It is possible across the board in every subject area of the curriculum.

In conclusion, A digital business is a corporation, regardless of the sector, it operates in, that employs digital technology as the basis for its value-creation activities.

This digital technology often involves connection, communication, and artificial intelligence.

Answers

For individuals, retirement may be difficult since there are so many options for how to spend their time.

What function does a coworker serve?

A coworker is someone that an employee collaborates with while doing their job duties. When other people are dealing with troubles involving exceptional circumstances, friends can offer their skills and experience; this could be especially helpful when other options are not easily accessible.

Who manages a coworker?

Anybody you works with in such a business or organization is referred to as a colleague. Your team's customer support representative, administrative assistant, and human resources specialists are all teammates, as is your supervisor.

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The complete question is-

Retirement can be overwhelming for adults because:

a. they are worried about their finances.

b. they have too many possibilities for how they will spend their time.

c. they will miss their coworkers and the routine of going to work.

d. they do not have as close of a relationship with others outside of their work.

The average cost of gas in major cities is as follows. the average cost of gas in the us large cities is 2.38 . this a good estimate for the average cost of gas in the us?

Answers

The average cost of gas in the US is $3.716

How is the price of gas determined?The price of gasoline is made up of four factors: taxes, distribution and marketing, the cost of refining, and crude oil prices.

Of these four factors, the price of crude oil accounts for nearly 70% of the price you pay at the pump, so when they fluctuate (as they often do), we see the effects.

The costs associated with refining crude into gasoline and other fuels, delivering it to stations by pipeline and truck, and marketing it makes up the remaining factors that affect gas prices.

The profits that refiners make when converting barrels of oil into barrels of gasoline are included in this category of expenses, and these profits are currently skyrocketing.

Due to the pandemic's drop in fuel demand, some refineries had to close; however, now that demand is high, those that did remain will enjoy higher profit margins.

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You have decided to form a study group for your Study Skills class. How should you decide who will be in the group?

Answers

Answer:

figure out who has the skilles needed to join

Explanation:

when you are in a study group you have to have a set of skilles that benefit others and some other ways, the way to do this is print out aplications and have them fill out what they can contribute and when they get turned in read them.

Answer:

ch
17 problen 3
3. The long-run effects of monetary policy The following graphs show the state of an economy that is currently in long-run equilibrium. The first graph shows the aggregate demand (AD) and long-run agg

Answers

The long-run effects of monetary policy can be demonstrated using the AD-AS model. It is shown in the graphs below. Graph 1 displays the economy in long-run equilibrium, with the aggregate supply (AS) curve intersecting the AD curve at the potential output level.

Graph 2 displays the impact of a contractionary monetary policy on the economy. This policy results in a reduction in the money supply, which raises interest rates and reduces investment and consumption. As a result, aggregate demand shifts leftward from AD1 to AD2, resulting in a decrease in both output and price level. In the long run, the reduction in aggregate demand leads to a decrease in the price level and an increase in unemployment.

Graph 3 shows the effects of an expansionary monetary policy, which is the opposite of a contractionary monetary policy. An increase in the money supply will reduce interest rates and increase consumption and investment. This policy results in the rightward shift of the AD curve from AD1 to AD2.

The increase in aggregate demand raises both the price level and output level. In the long run, however, the increase in the price level will lead to a reduction in aggregate demand, resulting in a decrease in the price level but no change in the output level.

Thus, these graphs demonstrate the long-run effects of monetary policy on an economy in terms of the aggregate demand and supply curves.

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Lifesaver Inc. , a producer of personal protective equipment, trades on the TSX Venture stock exchange at an EV/EBITDA multiple of 4. 0x. From performing a precedent transaction analysis, you note that recent acquisitions of similar companies have transacted at an EV/EBITDA multiple of 6. 0x. The following is not a valid potential reason for this discrepancy:

1-Special purchaser considerations, such as synergies, being inherent in the precedent transaction multiples

2-The presence of a control premium within the EV/EBITDA multiple implied by the acquisitions

3-Multiples implied by precedent transactions are not relevant when considering publicly traded companies

4-The presence of an implied minority discount (a discount due to a lack of control in the company when purchasing shares in the open market) in the 4. 0x EV/EBITDA trading multiple

Answers

The following is not an acceptable explanation for this discrepancy: When thinking about publicly listed corporations, multiples implied by prior transactions are irrelevant.

Option 3 is not legitimate since it ignores the importance of comparables, DCF, and precedent transaction analysis when valuing businesses.

The absence of control for Lifesaver will result in a valuation difference as compared to the control that an acquisition route gives, which makes Option 1 a possible explanation for the differential.

Option 2 is appropriate because synergies are an important component to examine and include in the valuation when making a purchase.

Options 1 and 4 have similarities. A control premium will increase the valuation, as is evident from previous deals in this industry.

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The process that allows a company to use any general organizational competencies it possesses to increase overall business unit performance: 1. Related diversification. 2. Strict diversification.
3. Competency diversification. 4. Supplier diversification.

Answers

The correct answer for the process that allows a company to use any general organizational competencies it possesses to increase overall business unit performance is:

3. Competency diversification.

Competency diversification refers to the strategic expansion of a company into new business areas that leverage its existing core competencies and capabilities. By diversifying into related industries or markets where the company's competencies can be applied effectively, the company aims to enhance its overall performance and create synergies across its business units. This strategy allows the company to leverage its existing strengths and knowledge to gain a competitive advantage in new markets or industries, leading to improved business unit performance.

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3. ______ are defined as goods or services that are required for health and safety.

Answers

Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.

What is the safety of goods?

A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.

Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.

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at which stage of new product planning does the management select the marketing campaign, identify regions to cover, and decide on a product launch?

a. market testing
b. business analysis
c. product development
d. commercialization
e. marketing strategy development

Answers

The answer for your question is B

Answer:

Its D commercialization

Explanation:

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