What is the lowest allowable profit a firm can have in the long-run pure competition? a Equal to total cost b Equal to fixed cost c Equal to variable cost d $0

Answers

Answer 1

In long-run pure competition, the lowest allowable profit a firm can have is $0.

So, the correct answer is D.

This is because in a perfectly competitive market, firms are price takers and cannot control the market price.

Therefore, they must sell their products at the prevailing market price and any profit they make must cover their total costs, including both fixed and variable costs.

If a firm were to earn profits higher than $0 in the long run, it would attract new entrants into the market, which would increase competition and drive down prices until profits are reduced to $0.

Thus, in the long run, firms in pure competition can only earn a normal profit, which is equal to covering all costs, including a return on investment that is just enough to keep the firm in the industry.

Hence, the answer of the question is D.

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Related Questions

stores like Cabela's, REI, and bass pro shops that cater to outdoor enthusiasts most likely use what type of segmentation strategy?a. psychogeograpgicb. socioeconomicc. demographicd. geopgraphice. behavioral

Answers

Stores like Cabela's, REI, and bass pro shops that cater to outdoor enthusiasts most likely use psychographic segmentation strategy.

Psychographic segmentation is a research technique that divides consumers into groups based on psychological traits such as personality, lifestyle, social status, activities, interests, opinions, and attitudes.

The use of psychographic marketing helps you to interact with various target groups in ways that will have the greatest influence on each of them. With this strategy, you can connect with the groups you care about while spending less time and money on strategies that might not work.

Using buyer personas is one method of psychographic segmentation. A buyer persona is a fictitious portrait of a possible consumer that may include information about their job title or position, their personal preferences, their difficulties, or facets of their lifestyle.

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The type of insurance that protects the driver who is at fault against claims to pay the costs related to injuries of other people is?

Answers

Third-party insurance, which is additionally from time to time referred to as 'act-only' insurance is a statutory requirement for all car proprietors as per the Motor Vehicle Act.

It is a type of insurance cover where the insurer presents safety in opposition to harm to the third-party vehicle, non-public property and physical injury.

What kind of insurance plan protects you from damage?

Property injury legal responsibility insurance.

This coverage is financial protection for things. If you are at fault in an accident, property harm legal responsibility (PD) insurance plan can assist cowl charges for the different driver's automobile costs or if you injury a persons' property, such as a mailbox, home, fence, etc.

First-party refers to the insured individual, second-party is the insurance plan provider, and third party is the person towards whom damages are owed with the aid of the first-party in an accident.

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1. What does it mean to set up an “automatic deposit” and why is this a good savings strategy?

Answers

Answer:

an automatic deposit will put a set amount of money away into savings without you having to do it that way you will not have to worry about it and won't be tempted to spend it instead of saving it. it's a good strategy because it eliminates that temptation and makes it so much easier to save without falling off track

According to the video, what are some common issues treated by Marriage and Family Therapists? Check all that apply.
-mental and emotional disorders
-learning and academic challenges
-legal problems
-health and behavioral problems
-relationship issues
work-related issues

Answers

Answer:

Explanation:

mental and emotional disorders

health and behavioral problems

relationship issues

According to the video,  some common issues that are treated by Marriage and Family Therapist are:

mental and emotional disorders

health and behavioral problems

relationship issues

Thus option (A), (D) and (E) are correct.

What is marriage?

A marriage is the legal bond between two different people living together. A marriage is a process by which two people make their relationship public, official, and permanent.

A marriage is a socially and legally accepted union, usually between a man and a woman that is regulated by laws, rules, customs, beliefs, and attitudes. It gives the legal rights and duties of the partners and gives status to have offspring.

According to the video,  some common issues that are treated by Marriage and Family Therapist are: mental and emotional disorders, health and behavioral problems and relationship issues.

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The general ledger account for Accounts Receivable shows a debit balance of AED 50,000 . The Allowance for Doubtful Accounts has a credit balance of AED 1.000. If management estimates that 5% of Accounts Receivable will prove uncollectible, Bad Debts Expense would be recorded for A. AED 1,500. B. AED 2.540. C. AED 2.500. D. AED 3,500 .

Answers

Bad Debts Expense would be recorded for C AED 2,500. This amount is calculated by multiplying the estimated percentage of uncollectible accounts (5%) by the Accounts Receivable balance (AED 50,000) minus the credit balance in the Allowance for Doubtful Accounts (AED 1,000).

To determine the amount of Bad Debts Expense, we need to calculate the estimated uncollectible amount based on the given information. The Accounts Receivable balance of AED 50,000 represents the total amount owed to the company by its customers. The Allowance for Doubtful Accounts is a contra-asset account used to estimate and offset the potential losses from uncollectible accounts. In this case, it has a credit balance of AED 1,000.

To estimate the Bad Debts Expense, we multiply the estimated percentage of uncollectible accounts (5%) by the net Accounts Receivable balance. The net balance is calculated by subtracting the credit balance in the Allowance for Doubtful Accounts (AED 1,000) from the Accounts Receivable balance (AED 50,000). 5% of AED 49,000 (AED 50,000 - AED 1,000) equals AED 2,450. However, since the options provided are rounded, the closest amount is AED 2,500. Therefore, Bad Debts Expense would be recorded for AED 2,500 in this scenario.

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Which invention ensured that raising wheat would remain the main economic activity in the midwestern prairies?

Answers

The invention of the mechanical reaper ensured that raising wheat would remain the main economic activity in the midwestern prairies.

The mechanical reaper was developed by Cyrus McCormick in 1831, and it revolutionized farming. The reaper was capable of quickly harvesting a large amount of wheat in a single day, significantly reducing the amount of manual labor required. This enabled farmers to increase their wheat production, as well as their profits. Additionally, it helped to ensure the region's economic stability, as the mechanical reaper enabled the farmers to focus their attention on growing wheat and less on manual labor. As a result, the region's economy began to depend heavily on the wheat industry, leading to its continued success for the next century. Overall, the invention of the mechanical reaper provided a major boost to the midwestern prairies' economy by ensuring that raising wheat would remain its main economic activity.

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Active listening is a process of communication in which the listener engages the speaker by repeating or rephrasing the speaker’s words; the listener may also mirror body language or _____.

apathetic behavior
tone of voice
nervous tics
hand gestures

Answers

Answer: tone of voice

Explanation:

Active listening refers to a process of communication whereby the speaker is engaged by the listener who repeats the words or statements heard.

Active listening involves the individual listening with all his or her senses and giving the speaker all the attention needed.

In active listening, the listener can mirror the body language or the tone of voice of the speaker. Active listening can be either acquired or developed through constant practice.

The Federal Reserve Act of 1913 required all ________ banks to become members of the Federal Reserve System, while ________ banks could choose to become members of the system.a. state; nationalb. national; municipalc. national; stated. state; municipal

Answers

Answer:

c. national; state

Explanation:

The Federal Reserve Act of 1913 required that banks that operated nationally had to join the Federal Reserve System. It was mandatory, and national banks had to do it.

It also allowed banks that operated on a state level to join the Federal Reserve System, but that was optional, it was not mandatory.

Which factors can affect a stock's price? Check all that apply.
RE
market performance
the company's financial health
the quantity products produced
location of the company
the economy

Answers

I have no idea haha but how’s your guys day going

When would it be a good idea to invest your money instead of putting it in a savings
account?
A. When you won't need the money for a long time.
B. When you want to put your money somewhere safe.
C. When you're looking to maintain the value of your money
with a little bit of growth.
D. None of the above

Answers

I believe the answer is A

6 major jobs of the federal reserve

Answers

clearing checks

acting as government fiscal agent

supervising members bankers

regulate money supply

supply paper currency

setting reserve requirements

concluding that a company is in violation of antitrust laws because it controls over 90 percent of the market is an application of judgment by:

Answers

The act of concluding that a company is in violation of antitrust laws because it controls over 90 percent of the market is an application of judgment by performance.

What is a judgment by performance?

Basically, a Judgement refers to the decision carried out in the courts under a court order that concludes disputes of two people or parties by listening to a claim of both parties and determining which party is correct.

Judgements are always monetary, but can also be non-monetary and legally enforceable. In most cases, the judgment is based on money since money is the only form used as compensation.

The judgment by performance implies the competitiveness of the markets evaluated by the conduct of companies in this industry. Under this, the evaluation by the team focuses on how the firms behave in the market.

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Owen makes $25,000 a year. He has just inherited $100,000 dollars. Owen owes 25,000 and has 25,000 in savings. What is his wealth

Answers

Based on the given scenario Owen wealth is $100,000.

What is wealth?

Wealth simply means to have enough cash either at hand or in bank or  to be in possession of large amount of money or to have valuable assets that can be converted into cash.

Based on the given scenario the amount that was inherited by Owen which is the sum of $100,000 will be Owen wealth.

Inconclusion Owen wealth is $100,000.

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The product of 59,736 and 600 is
A) 29,868,000
B) 34,761,600
C) 35,625,600
D) 35,841,600​

Answers

Answer:

D) 35,841,600

Explanation:

I Hope That's Correct ✓ :)

What is the most common type of life insurance policy offered by companies ? A. group life insurance B. term life insurance C. whole life insurance D. universal insurance 38

Answers

The most common type of life insurance policy offered by companies is group life insurance. This type of coverage is typically provided as part of an employee benefits package.

Group life insurance is often provided to employees at no cost, or for a nominal fee, and coverage usually persists for the duration of employment. As a collective policy, it's often more affordable for the company compared to individual life insurance policies, making it an attractive part of the benefits package. The convenience of this policy for both employer and employee contributes to its popularity. It's also worth noting that while term, whole, and universal life insurance can all be offered in a group setting, group term life insurance is the most common.

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To file your federal and state taxes you ____________?
a)must prepare different forms for each type of government (if your state requires it)
b)can use tax preparation software for federal taxes, but can't for state taxes
c)must prepare the same tax forms for both
d)can use tax preparation software for state taxes, but can't for federal taxes

Answers

Answer:

a)must prepare different forms for each type of government (if your state requires it)

Explanation:

Federal is the same for everyone, state is dependent for which state you live and work in. B and C are wrong because you can use tax preparation software for both Federal and state.

To file your federal and state taxes you should: a. prepare different forms for each type of government (if your state requires it)

Recall:

Preparing of tax returns for federal and states is done using different forms as it applies to your state.There are tax preparation software that can be used whether federal or state tax. Examples of tax preparation software are Credit Karma Tax, Jackson Hewitt, TaxSlayer, among others.

Therefore, to file your federal and state taxes you should: a. prepare different forms for each type of government (if your state requires it)

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You are out on your own and you have come into the sad issue of the old car (20+ years old, 150k miles) your parents gave you having a blown transmission unexpectedly. (It really wasn’t. You just put it off because it’s not cheap.) You now have the dubious choice to purchase a new\used car OR to repair the car your parents gave you free and clear. Assume you have a part-time job making $10 an hour at 30 hours a week and a 15% tax rate. Your total living expenses are $700 a month. The repairs for a transmission at $2,500 dollars, which you can finance at 17% interest. A new vehicle would be $20,000 at 10% interest, and a used vehicle would be $9,000 at 12% interest with unknown driver history. Create a flowchart, trace-table, and UML for these options and then in a one-page paper, discuss which you would choose and why. Discuss affordability, reliability, and return on investment.

Answers

I would choose to repair the car with the blown transmission. Despite the upfront cost, it offers affordability since the repair cost is lower than purchasing a new or used car.

In this scenario, repairing the car with the blown transmission is the more prudent choice. While the repair cost of $2,500 may seem significant, it is still more affordable than purchasing a new or used car. With a part-time job earning $10 an hour at 30 hours a week, the monthly income is $1,200 Lastly, the existing car holds sentimental value as it was given by my parents. By repairing it, I can continue to use a vehicle that has personal significance and is already familiar to me. Overall, considering affordability, reliability, sentimental value, and long-term financial benefits, repairing the car is the preferable choice in this situation.

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why is it important to study marketing?​

Answers

Answer:

Is this the answer. It may can help you

why is it important to study marketing?

Write the name of any five organic fertilizers and describe any one them.​

Answers

One example of an organic fertilizer is compost. Compost is made from decomposed organic materials such as kitchen scraps, yard waste, and other biodegradable materials.

What is Fertilizers?

Fertilizers are substances added to soil or other growing mediums to provide essential plant nutrients that are deficient or absent in the soil. They are used to enhance the growth, yield, and quality of crops, and can be organic or inorganic in nature. Fertilizers contain essential plant nutrients such as nitrogen, phosphorus, and potassium, as well as other secondary and micronutrients that are important for plant growth and development. The use of fertilizers can help increase agricultural productivity and improve food security, but it is important to use them responsibly to minimize negative impacts on the environment.

Compost

Manure

Bone meal

Fish emulsion

Blood meal

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Mary invested $200 for 3 years at 5% per annum. John invested $300
at the same rate. If they both received the same amount of money in
simple interest, for how many years did John invest his money?​

a. 1 1/2
b. 2
c. 3
d. 10

Answers

Answer:

b. 2

Explanation:

Simple interest is calculated using the formula

I = p x r x t

Where p= principal amount

r= interest rate

t= time in years

Mary invested $200, at 5% for three years. She earned a simple interest of;

I= $200 x 5/100 x 3

=$200 x 0.05 x 3

=$30

If John received the same amounts, It means

$30= $300 x 0.05 x t

$30 = $15t

t= $30/$15

t=2

Time is 2 years

What are 4 circumstances that might persuade a court to pierce the corporate veil?

Answers

To pierce the corporate veil, a court may consider several circumstances that demonstrate the existence of fraud, injustice, or an abuse of the corporate form. Here are four such circumstances:

1. Undercapitalization: If a corporation is formed with insufficient funds to cover its foreseeable liabilities, and this lack of capitalization results in harm to creditors, a court may pierce the corporate veil.


2. Fraud or Misrepresentation: When individuals use a corporation to deceive or defraud others, a court may disregard the corporate entity. This can occur when the corporation is used as a tool to evade contractual obligations, mislead creditors, or engage in illegal activities.

3. Alter Ego: If shareholders or directors fail to maintain proper separation between themselves and the corporation, the court may pierce the corporate veil.


4. Inadequate Corporate Governance: When a corporation lacks proper governance and fails to comply with legal requirements, a court may disregard the corporate entity. This can include the absence of corporate records, failure to hold regular meetings, or non-compliance with statutory requirements.

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What is the difference between marginal cost and marginal revenue?


a) Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good.

b) Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.

c) Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit.

d) Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more unit.

Answers

The correct answer is: b) Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.

STOP SAYING B AND D SAY AND SAY THE WORD

Answers

Answer: B and D is this a question buddy/

??

Explanation:

An interest rate is 12% per annum with semiannual compounding. What is the equivalent rate with quarterly compounding? A. 11.83% B. 11.66% C. 11.77% D. 11.92%.

Answers

the equivalent interest rate with quarterly compounding is 11.76%, which is closest to option C, 11.77%.

power drive corporation designs and produces a line of golf equipment and golf apparel. power drive has 100,000 shares of common stock outstanding as of the beginning of 2024. power drive has the following transactions affecting stockholders' equity in 2024. march 1issues 61,000 additional shares of $1 par value common stock for $58 per 10purchases 5,600 shares of treasury stock for $61 per 1declares a cash dividend of $1.80 per share to all stockholders of record on june 15. (hint: dividends are not paid on treasury stock.)july 1pays the cash dividend declared on june 1.october 21resells 2,800 shares of treasury stock purchased on may 10 for $66 per drive corporation has the following beginning balances in its stockholders' equity accounts on january 1, 2024: common stock, $100,000; additional paid-in capital, $5,100,000; and retained earnings, $2,600,000. net income for the year ended december 31, 2024, is $660,000.required:prepare the statement of stockholders' equity for power drive corporation for the year ended december 31, 2024

Answers

The statement of stockholders' equity shows the changes in the company's equity accounts over the year. It includes the issuance of additional shares of common stock, the purchase and resale of treasury stock, the declaration and payment of dividends, and the net income earned.

Total Stockholders' Equity:

Common Stock + Additional Paid-in Capital + Retained Earnings + Treasury Stock

$161,000 + $5,100,000 + $3,080,000 + ($157,800) = $8,183,200

Statement of Stockholders' Equity

For the Year Ended December 31, 2024

Common Stock:

Beginning Balance: $100,000

Issuance of Additional Shares: $61,000

Ending Balance: $161,000

Additional Paid-in Capital:

Beginning Balance: $5,100,000

Ending Balance: $5,100,000

Retained Earnings:

Beginning Balance: $2,600,000

Net Income: $660,000

Dividends: ($1.80 * 100,000 shares) = $180,000

Ending Balance: $3,080,000

Treasury Stock:

Beginning Balance: $0

Purchase of Treasury Stock: ($61 * 5,600 shares) = ($342,600)

Resale of Treasury Stock: ($66 * 2,800 shares) = $184,800

Ending Balance: ($157,800)

Total Stockholders' Equity:

Common Stock + Additional Paid-in Capital + Retained Earnings + Treasury Stock

$161,000 + $5,100,000 + $3,080,000 + ($157,800) = $8,183,200

Note: The statement of stockholders' equity shows the changes in the company's equity accounts over the year. It includes the issuance of additional shares of common stock, the purchase and resale of treasury stock, the declaration and payment of dividends, and the net income earned. The ending balances for each equity account are calculated by considering the beginning balances and the changes during the year. The total stockholders' equity represents the overall equity position of the company at the end of the year.

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6. He is not a skilled worker. He
doesn't ............... much.
win
gain
earn
pay
afford

Answers

Answer:

earn .

He is not a skilled worker. He doesn't earn much.

Explanation:

He doesn't earn much.....

What is the best idea when you are filling out tax forms for the very first time?

Answers

FILL THE BLANK. a reasonable explanation for why environmental issues like global warming can be labeled as transnational is that ______.

Answers

A reasonable explanation for why environmental issues like global warming can be labeled as transnational is that such issues do not adhere to national boundaries and are not limited to a specific region.

Therefore, environmental issues have the potential to affect the environment of the entire planet and, as a result, affect people and societies across the globe. Transnational issues are global in nature, and global warming is a global problem that crosses national boundaries. The effects of global warming are being felt all over the world, and many countries are taking steps to reduce their greenhouse gas emissions in an attempt to mitigate its effects. However, since the effects of global warming are not limited to any one country, they can be seen as a transnational problem. Furthermore, environmental issues like global warming often require global cooperation and action to resolve. Environmental problems affect everyone on the planet, and they cannot be resolved by any one country alone. Thus, it requires a collective effort to address these issues, which is why they are transnational problems. In conclusion, environmental issues like global warming can be labeled as transnational because they are not limited to a specific region or country, affect the environment of the entire planet, and require global cooperation and action to resolve.

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PLEASE HELP NEEDED....
Search the library and the Internet for information
pertaining to the ethical violation made by an organization, past
or present, and be sure not to identify the organ

Answers

An organization that is pertaining to ethical violation is Amazon. A stray piece about something in their warehouses gave off a sense of unethical behavior. But it becomes difficult to envisage an alternative when a mega-corporation starts to permeate and be ever-present in our everyday life.

A deed that violates or acts against something, particularly a law, agreement, moral precept, or other thing that ought to be considered unethical.

As a result of Amazon's success, many people may view them as a necessary evil in today's society, making the effort to understand why they are troublesome nearly seem futile. It is preferable to not know how horrible something is if it cannot be avoided.

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Your question is incomplete, but most probably the full question was,

Search the library and the Internet for information pertaining to the ethical violation made by an organization, past or present, and be sure not to identify the organization. See if this incident has occurred in other organizations; give 2 examples and their outcomes. (Own Words)

If a product is no longer showing strong market share and sales are diminishing, which of the following would be the best approach to trying to extend its lifetime on the market
A. Offer extended warranties
B. Re-launch
C. Positioning
D. Discontinue

Answers

Answer:B. re-launch

Explanation: just took the quiz

Answer:

Re launch

Explanation:

A p e x

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Allied Bank Corp. utilizes the janitorial services of Marie's Clean-It Corp. to keep their buildings clean. Marie's provides all the necessary cleaning supplies, training, background security checks (because the crew works after hours), and all other associated expenses. The other available janitorial services do not typically provide security checks, and a client such as a bank would have to hire guards to watch the work of the janitors. If Allied Bank were to consider hiring another cleaning service to replace Marle's, which of the following would the bank incur? A. complementary products B. favorable quality status C. high switching costs D. unfavorable supplier status E. high employment costs A line with a slope of -2 passes through the point (3-1). Which of the following is the equation of the line? (1) y=3x-2 (3) y=-2x + 5 (2) y = -4x-2 (4) y=-2x+1 Sketch the graph and find the area of the region completely enclosed by the graphs of the given functions $f$ and $g$.$$f(x)=x^4-2 x^2+2 ; \quad g(x)=4-2 x^2$$ Once we have to wear school uniforms, what's next? Will teachers come to our homes and pick out what we wear on the weekends? What logical fallacy is used in this passage? exaggeration exaggeration bandwagon bandwagon straw man straw man red herring red herringOnce we have to wear school uniforms, what's next? Will teachers come to our homes and pick out what we wear on the weekends? What logical fallacy is used in this passage? exaggeration exaggeration bandwagon bandwagon straw man straw man red herring red herring Explain the meaning of the "inflation tax". Why do sotne governments may use this tax as a source of income? 100 POINTS AND BRAINLIEST Among 200 people, 150 either swim or jog or both. If 85 swim and 60 swim and jog, how many jog? Explain it HELP ME PLZWhy do you think Abraham Lincoln called the Mexican American War an"unconstitutional war?" Determine whether the series is absolutely convergent, conditionally convergent, or divergent and state what tests were used to determine the conclusion. e^(1/n)/nn Why was funding for HIV research so controversial and politicized? If theres anyone on here who knows french or is willing to write out the answers then translate them to french with go-ogle translator at all could yall take a look at my french questions they are literally all due tonight and i'm behind on all of them they are worth a lot of points btw, please and thanks! chro sexual harassment prevention training answers FILL THE BLANK. for two products that have the same holding cost percentage the one with the lower inventory turns will have a _____ inventory cost per unit. multiple choice question. lower Object 1 of mass 0.25 kg moves at 10 m/s towards Object 2 initially at rest of mass 0.25 kg. The resulting collision is perfectly inelastic, what is the speed of the objects after the collision 9. european exploration in the fifteenth century was assisted by the influence of a. ancient roman geographic texts. b. muslim inventions in navigation. c. scandinavian investments in ships. d. italian control of the spice trade. the authors state their study is limited due to generalizability because they only sampled college students. in what section of an apa style research would you find this information? Who most likely would have agreed with thisdeclaration?Read this passage from the Boston Non-ImportationAgreementWe will not, from and after the 1st of January, 1769,import into this province any tea, paper, glass, orpainters' colours, until the act imposing duties on thosearticles shall be absolutely repealed.Boston Non-Importation Agreement1768O a Patriot who supported Britain's tax legislationO a Patriot who opposed the Townshend Act of 1767O a Loyalist who opposed the non-importationmovementO a Loyalist who supported both external and internalfaxes Please explain how to do this and show work The Italian wars that began in 1494 helped spread Renaissance ideas toPortugal.Spain.England.France. Cules son las tres transformaciones de la materia?