The MR = MC rule applies Multiple Choice in the short run but not in the long run. in both the short run and the long run. in the long run but not in the short run. only to a purely competitive firm.
Answers
The MR = MC rule applies in both the short run and the long run.
What is MR = MC rule?
The profit maximization rule is denoted by the equation MC = MR in economics, where MC stands for marginal expenses and MR for marginal revenue.When marginal costs, or the change in expenses brought on by producing a new item, are equal to marginal revenues, businesses are best positioned to maximize their profits.Although it appears to be a mathematical equation, this is actually an extremely complicated equation that is always changing and must account for practically every market component.The change in overall cost caused by an increase in the amount produced, or the price of producing more, is known as the marginal cost.The increased total revenue produced by increasing product sales by 1 unit is known as marginal revenue, a key concept in microeconomics.Know more about MR = MC rule
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Related Questions
If demand increases, ceteris paribus, market price will be ______ at the new equilibrium point.
Answers
By examining the signs of the eigenvalues of the linearization of the equilibria's equations, equilibria can be categorized. In other words, the equilibria may be classified by evaluating the Jacobian matrix at each of the system's equilibrium points and then determining the resulting eigenvalues.
Then, by locating the eigenvector(s) associated with each eigenvalue, the behaviour of the system in the vicinity of each equilibrium point can be qualitatively (or even statistically, in some cases) identified. If none of the eigenvalues at an equilibrium point have zero real component, the equilibrium is hyperbolic.
The point is stable if all of the eigenvalues have negative real portions. The point is unstable if at least one has a positive real part.
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When buying an existing business, it is important to:
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Before buying a business, make sure to examine its past few years of financials records.
What does buying an existing business mean?Exactly what it sounds like, purchasing an existing company. Usually, the buyer gains complete control of the company. The biggest benefit is having a pre existing plan that can incorporate crucial elements like a developed client base, specified operating costs, and fully trained workers.
Why you should buy an existing business?There is less risk. Buying an established business is intrinsically less hazardous than establishing one from scratch because it already has goodwill, is operational, has clients and customers, personnel, systems, suppliers, financial history, a location or locations, and you might be able to convince the seller to finance it.
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What type of transactions should be recorded in the Payment, Fee, Withdrawal column
of your check register?
Answers
Question:What is the main causes of a change in quantity demanded?Demand:Competition and technology can revolutionize the way a product or service is delivered and can cause the price for a product to fall as it becomes profitable at lower prices to make the product. The change is supply can rise in the event of a natural disaster or a government trade war can make the prices rise to reflect a greater scarcity in supply than beforehand.
Answers
A change in the exact quantity of a product that customers are willing and able to purchase is referred to as a shift in the quantity demanded. A change in pricing is what led to this shift in the quantity demanded.
What is the main cause of a change in quantity demanded?Demand: A product's price may drop when it becomes more profitable to produce the product at lower prices as a result of competition and technology, which may also alter the way a good or service is delivered.
In the event of a natural disaster or a government trade war, supply may increase, causing prices to increase to reflect a higher shortage in supply than before.
An entire demand curve might shift right or left due to changes in variables like average income and preferences. As a result, the quantity demanded at a given price can be larger or lower. The prevailing view presumption. Assuming no other parameters change, demand curves link the prices and quantities required.
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Which of the following are clichés?
Answers
Answer:
2nd scentence
Explanation:
Quick as a flash
Easier said than done
First and foremost
Suppose that the local daily demand for iced coffee drinks is given by the demand function: Q=300-25P, where P is the price of an iced coffee drink.
a. Construct this demand curve in black. Place the quantity of iced coffee drinks demanded on the horizontal axis and the price of an iced coffee drink on the vertical axis.
b. Suppose that iced coffee drinks are a normal good, and that consumers’ incomes fall. The demand for iced coffee drinks decreases by 50 units at every price. What is the new demand function (i.e., equation)?
c. Suppose that iced coffee drinks are a normal good, and that consumers’ incomes fall. The demand for iced coffee drinks decreases by 50 units at every price. Construct the new demand function in blue.
Answers
a. To construct the demand curve, we can first use the demand function provided, Q=300-25P. To plot this on a graph, we can plug in different values of P to find the corresponding values of Q. For example:
When P = 0, Q = 300-25(0) = 300
When P = 1, Q = 300-25(1) = 275
When P = 2, Q = 300-25(2) = 250
We can plot these points on a graph with Q on the horizontal axis and P on the vertical axis, and connect them to form the demand curve.
b. The new demand function would be Q = 250-25P.
c. To construct the new demand function in blue, we can start with the same process as before, using the new demand function, Q = 250-25P.
For example:
When P = 0, Q = 250-25(0) = 250
When P = 1, Q = 250-25(1) = 225
When P = 2, Q = 250-25(2) = 200
We can plot these points on the same graph as before, but this time use blue color to distinguish it from the previous demand function.
Choose all of the following that are tactics that states can pursue if they believe that another state is committing human rights violations.- states may use economic incentives to persuade another state to improve its human rights record- states may use force to intervene in another state for severe human rights violations.- states may sanction another state to punish them for human rights abusesincorrect answers:- states may remove another state from the security council for human rights violations.
Answers
The two tactics that states can pursue if they believe that another state is committing human rights violations are: 1. States may use economic incentives to persuade another state to improve its human rights record. This can include offering aid, investment, or trade benefits in exchange for human rights improvements.
2. States may use force to intervene in another state for severe human rights violations. This is often controversial and can lead to diplomatic tension and potential military conflict. The incorrect answer is States may remove another state from the security council for human rights violations. This is not a tactic that states can pursue as the power to remove a state from the Security Council lies with the General Assembly and requires a two-thirds majority vote. Additionally, there is no provision for removal due to human rights violations.
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What kind of warranty is often offered not through the manufacturer but instead through a third party? a. manufacturer’s warranty b. extended warranty c. full warranty d. limited warranty
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Extended warranties are policies that extend the warranty period for consumer goods in excess of what is provided by the manufacturer.
What do you mean by extended warranty?An extended warranty is the service insurance or contract that is offered to any individual apart from the standard warranty as an addition.
It acts as a warranty that can run for a longer period of time than is offered by a third party.
This warrant costs extra besides the normal warranty that is provided for any unpredictable and expensive repairing work.
It provides a warranty to cars, bikes, and many more which can be purchased by the consumer as per their will.
Thus, an extended warranty is a warranty that is often offered not through the manufacturer but instead through a third party.Option B is the correct answer.
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The other person is correct. The answer is B: extended warranty.
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describe a company with a positive corporate culture.
Answers
Patagonia, a clothing company known for its sustainable practices and employee-centered policies, fosters a positive corporate culture that prioritizes environmentalism, work-life balance, and employee happiness.
What is a positive corporate culture?A positive corporate culture is a set of values, beliefs, and practices that guide the behavior and interactions of employees within a company. It is characterized by a supportive and inclusive environment that fosters collaboration, innovation, and creativity. In a positive corporate culture, employees feel valued and respected, and their contributions are recognized and rewarded.
Trust and open communication are encouraged, and there is a shared commitment to ethical behavior, social responsibility, and community engagement. Such a culture promotes employee engagement and retention, customer satisfaction, and ultimately, business success. It is an essential ingredient for companies that aspire to create a long-lasting, positive impact on their stakeholders and society.
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Nowadays, competition in the movie streaming industry is based
on
a. none of the options listed
b. proprietary technology
c. content creation only
d. price only
e. content creation and price.
Answers
Nowadays, competition in the movie streaming industry is based on Content creation and price. (E)
This is because content creation and pricing are the two main factors that drive competition in the movie streaming industry. Content creation is important because streaming services need to offer viewers a wide selection of content to attract and retain their subscription base.
This means that streaming services need to create new and original content, as well as acquire rights to popular and in-demand movies and TV shows. Pricing is also important because it affects the affordability of streaming services and can be used to attract new customers, while also maintaining loyalty among existing customers.
Pricing is also a major factor in competition, as streaming services offer different price points to differentiate themselves from their competitors. Therefore, content creation and pricing (E) both play a critical role in how competitive the movie streaming industry is.
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the profit mark-up is a percentage of the cost price which is added to the cost price in order to calculate the selling price.
true or false if false say why
Answers
Answer:
true
Explanation:
aaron medford has invested $600 in the corporate stock of a manufacturer of offshore oil drilling equipment. if the company goes bankrupt, the most medford could lose would be:
Answers
If Aaron Medford has invested $600 in the corporate stock of a manufacturer of offshore oil drilling equipment, the most he could lose if the company goes bankrupt would be $600.
When a corporation wishes to raise money, it can do so by selling stocks, which are shares of ownership in the company. People who buy stocks are referred to as shareholders, and they own a portion of the company based on the number of shares they hold.
They also have a right to a portion of the company's profits in the form of dividends, which are payments made to shareholders.
The stock market is a market where corporate stocks are purchased and sold. Stock prices fluctuate based on a variety of variables, including the company's performance, news, and other economic factors.
This makes investing in the stock market a high-risk, high-reward opportunity because there is no guarantee that the value of the stock will rise, and there is a chance that it will fall.
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the civil rights act applies to all firms having how many employees?
Answers
The Civil Rights Act applies to all firms having 15 or more employees.
What is Civil Rights Act of 1964?
The Civil Rights Act of 1964 is a federal law in the United States that prohibits discrimination in various aspects, including employment, based on race, color, religion, sex, or national origin. Title VII of the Civil Rights Act specifically addresses employment discrimination.
According to Title VII, the Act applies to employers with 15 or more employees, including private employers, labor organizations, and employment agencies. This means that any firm or organization with 15 or more employees is subject to the provisions and regulations outlined in the Act.
It is important to note that smaller firms with fewer than 15 employees may still be subject to state and local anti-discrimination laws, which may have different employee thresholds. Additionally, the Act provides certain exemptions for religious organizations and private clubs under specific circumstances.
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Why might a manager for a non-profit organization seem as concerned with his or her organization's financial well-being as a for-profit manager?
a. Non-profit managers are evaluated on financial performance only.
b. Non-profit managers try to give the illusion that they care about the "bottom line."
c. Not-for-profit organizations need to make money to continue operating.
d. Non-profit organizations have an obligation to turn a profit.
Answers
Answer:
c. Not-for-profit organizations need to make money to continue operating.
Explanation:
Non-profit organisations mainly focus on meeting their set objectives for example ensuring education is provided to poor children, health services reach the less privileged in society, and so on.
On the other hand for profit organisations mainly focus on turning a profit for the benefit of the business owners.
The manager for a non-profit organization will be as concerned with his or her organization's financial well-being as the for profit manager.
This is because non- profit organisations tend to have a tight budget and they will need to effectively manage resources available to them to ensure they keep functioning.
Fill in the blank. When buying a car, a _____ down payment is recommended. A) 0% B) 10% C) 20% D) 50%.
Answers
When buying a car, a C) 20% down payment is recommended.
In general , it is always a good idea to make a down payment of 10 to 20 percent. Because the more you pay as a down payment, the less interest you need to pay the long run. This depends on the idea of balancing what you would like to pay with what you can reasonably afford.
Down payment is initial payment of the minimum portion of the total amount applied for the purchase. Other due amount is taken as loan amount of which the repayment schedule is set up for the details of the loan, that includes amount of payment, interest rate charged, and number of months one need to pay the entire amount .
Hence , C is the correct option
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Can I please get some help thank you :)
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Based on the amount that Jeff is paid in a month and his expenses, the amount that he has left for the month is $1,280.
What does Jeff have left?The amount that will be left over to Jeff for the month can be found as:
= Monthly income - Monthly expenses
Solving gives:
= (1,050 x 4 times) - 1,500 - 400 - 120 - 450 - 250 - 200
= 4,200 - 1,500 - 400 - 120 - 450 - 250 - 200
= $1,280
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common approaches to pricing are oriented around which four elements?
Answers
Profit, Competition, Cost and Demand are the element which the approaches for pricing fixing are oriented around.
Pricing refers to the process of determining the value that a producer will receive in the exchange of services and goods produced with final consumers or middle men.
The aim of generating profit is one of the element considered for price fixing.Competition levels with other companies in the industry will influence price fixing because consumers pocket have to be considered.Level of Cost incurred during production of the goods and services also play a great role in price fixing.Demand from the market also influence price setting on a product.Read more on this here
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Choose the preferred sentence from each pair and justify your choice. a. (1) Lindsay's request to telecommute was denied, but she will begin a flextime schedule in two weeks. (2) Although her request to telecommute was denied, Lindsay will begin a flextime schedule in two weeks.
Answers
Answer:
(2). Although her request to telecommute was denied, Lindsay will begin a flextime schedule in two weeks.
Explanation:
The second choice would be the most preferred as it conveys the idea in a formal and precise manner. The complex sentence beginning with the subordinate clause already hints the listener that the key message is yet to come. It helps him/her in understanding the intended message without any confusion. The first sentence fails to create that specificity as it connects two independent ideas which remove the listener's focus from the main idea i.e. 'she will begin a flextime schedule in two weeks.' Thus, option (2) adopts the correct format and sentence structure to deliver the message effectively, efficiently, and precisely.
Jared has earned 23% of the $52 he needs to buy a new jacket. Find 23% of $52. Which expression can you use to find 23% of 52? .. 23% of $52 is $.. An easy way to check your answer is to use the friendly and divide 52 by to get ..
Answers
52
Explanation:
52 .................
Answer:
23% of 52= 0.23*52=11.96
Explanation:
The leading producer of gardening tools, YourGarden Inc, has achieved great success because they produce high-quality tools that are not too expensive. Even so, another company that produces lower-quality tools at the same price has also achieved some success, but not as much as YourGarden. Also, in general, the price of gardening tools has declined because of economies of scale and learning. In addition, YourGarden has added complementary assets, such as gardening instruction. Considering all of these factors, the gardening tool industry is most likely in the
A. introduction stage.
B. growth stage.
C. shakeout stage.
D. maturity stage.
Answers
Answer:
B. growth stage.
Explanation:
In the growth stage, the demand would be strong as the both efficient & none-efficient firms would thrive also the price would be decline as the firm starts to reap the economies of scale. Moreover, the distribution channels would be expanded also the assets i.e. complementary would be widely available
Therefore the option b is correct
what physiological or personality traits will signal to the hrm that there is a negative influence on personnel regarding reorganization and downsizing?
Answers
Physiological and personality traits such as increased stress levels, decreased motivation, and decreased job satisfaction can signal to HRM that there is a negative influence on personnel regarding reorganization and downsizing.
During periods of reorganization and downsizing, employees often experience heightened stress levels due to uncertainty about their job security and potential changes to their roles and responsibilities. This increased stress can manifest in various physiological symptoms such as sleep disturbances, elevated blood pressure, and decreased immune function. These physiological changes serve as indicators to HRM that the employees are negatively affected by the reorganization process.
In addition to physiological symptoms, negative personality traits may also become apparent. Employees who were once motivated and engaged in their work may display a significant decrease in motivation as they face the uncertainty and potential negative outcomes associated with downsizing. This lack of motivation can lead to decreased productivity and job performance.
Furthermore, the employees' overall job satisfaction may decrease as they witness their colleagues being laid off or their workload increasing due to downsizing. This can result in feelings of resentment, dissatisfaction, and disengagement, which can further impact productivity and the overall work environment.
Overall, HRM should closely monitor physiological and personality traits such as increased stress levels, decreased motivation, and decreased job satisfaction as signs of a negative influence on personnel during reorganization and downsizing. By recognizing and addressing these indicators, HRM can take appropriate measures to support employees, minimize the negative impact, and foster a healthier work environment.
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The market segment that is the focus of a firm’s marketing plan is the
A. market position
B. target market
C. market mix
D. product market
Help please!!!
Answers
The market segment that is the focus of a firm’s marketing plan is the market mix
What is marketing plan?Markets plan includes all activity that is involved in achieving a certainly goal as regarding market.
marketing mix contains a market plan as it include all actions in marketing a product.
Therefore, The market segment that is the focus of a firm’s marketing plan is the market mix
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Economics (FoolProof)
I should do my best to get a credit card from a company that will tell me both my interest rate and my credit limit before I commit to taking the card.
True or False
Answers
Answer:True
Explanation:
industry profits decline during the market maturity stage due to______.
a. mismanaged budgets and price stabilization
b. sale of shoddy varieties of the original product
c. declining competition and declining manufacturing costs
d. declining sales and dipping promotion costs
e. increased competitive pressure to cut prices
Answers
Industry profits decline during the market maturity stage due to increased competitive pressure to cut prices.
During the market maturity stage, which occurs after a period of growth, the industry becomes saturated with competitors and the market becomes more mature and stable. As a result, there is often increased competitive pressure to cut prices. This can lead to declining industry profits as companies lower their prices to attract customers and maintain market share.
In the market maturity stage, customers have more options to choose from, and companies may engage in price wars or offer discounts to stay competitive. As a result, profit margins can shrink as companies strive to maintain sales volume at the expense of profit per unit.
Mismanaged budgets and price stabilization (option a) can certainly impact profits, but they are not specific to the market maturity stage. They can occur at any stage of the business cycle.
Selling shoddy varieties of the original product (option b) may lead to reputational damage and loss of customers, but it is not a direct cause of declining industry profits during the market maturity stage.
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true or false: on a scatter diagram, costs are plotted on the horizontal axis.
Answers
False. On a scatter diagram, costs are usually plotted on the vertical axis while the independent variable, such as the quantity of goods produced or time, is plotted on the horizontal axis.
This is because costs are usually influenced by the independent variable, meaning that as the quantity of goods produced or time increases, the cost also increases. Therefore, the vertical axis is used to represent the dependent variable, which is the cost in this case. Scatter diagrams are commonly used in business and economics to visually represent the relationship between two variables. By plotting data points on the diagram, patterns and trends can be identified and analyzed. This helps businesses to make informed decisions based on the data. It is important to note that scatter diagrams only show a correlation between two variables and do not necessarily imply causation.
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16. which is an example of a smart objective? a. to get all of the emergency managers to sit down in the same room together and talk. b. conduct a discussion between emergency management staff and emergency operations center (eoc) personnel. c. emergency management staff will initiate and complete a callback of emergency operations center (eoc) personnel within 30 minutes of notification, in accordance with the emergency plan. d. emergency management staff will callback eoc personnel.
Answers
An example of a smart objective is, "conduct a discussion between emergency management staff and emergency operations center (eoc) personnel."
Once a project has been established, some objectives must be created for it to be successful. The goals must be highly clever, such as specific, measurable, agreed upon, realistic, and time-based. Specific: clearly stated and well-defined.
Measurable: Determine whether it is feasible. The goals should be agreed upon by all parties concerned. Realistic: They need to fit the time and resource constraints. Time-based: The allotted amount of time must be adequate to complete the task at hand and must not be exceeded.
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Is this good advice? “ if you are behind on your loans, but no in ‘ default’. Don’t even talk with your loan companies. Just go talk with your debt settlement
Yes or no
Answers
Yes!
I think it’s good advice.
If you are behind on your loans, but not in ‘ default’. Don’t even talk with your loan companies. Just go talk with your debt settlement. The advice can be recommended.
What is a loan?The loan is referred to the amount which an individual borrows from any financial institution at a certain rate of interest which is payable at a later date in order to start any business or any other business work.
Annual percentage yield, or APY, is the abbreviation for the rate of return on an investment that is actually realized after taking into account the impact of investment returns.
Since the cost of borrowing overall is lower, accounts with higher APRs typically have lower rates than those with lower APYs.The difference between APR and APY is greater, and interest compounds more frequently as well, increasing.
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to derive a competitive advantage, firms can properly configure hr practices to drive ________ which leads to ________.
Answers
When firms configure it HR practices to drive employees which leads to improved Firm performance, then the firm will derive competitive advantage over others.
In a firm, the Human personnel is saddled with the responsibility of effectively managing and motivating the employee for purpose of achieving productivity.
Competitive advantage of a firm entails an attribute which enables the company to outperform its competitors such as Increasing customer-base over other firms.
Therefore, when the firm HR drives the employees, productivity will be achieved which will then create an advantage of competition over other firms.
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1 point
Danny receives a salary of $660 a month and a 7.5% commission on all
sales above his monthly quota of $15,000. His sales for the month totaled
$32,000. What was his gross income for the month? *
$3,060
$1,275
$2,400
$1,935
Answers
Answer:
1935
Explanation:
32,000-15,000 = 17,000
17,000 x 0.075 = $1275 (this is his commission)
1275 + 660 = $1935
$1935 is his gross income for the month
A companies profit motive benifits consumers by ensuring the products and services they need are aviable at a high quality
Answers
Answer:
A. The invisible hand
Explanation:
CHECK THE COMPLETE QUESTION BELOW
A company's profit motive benefits consumers by ensuring the products and services they need are available at a high quality. what is this describing?
A. The invisible hand
B. Mixed economy
C. Laissez-faire
D. Private enterprise
The invisible hand can be regarded as a metaphor used in describing the unseen forces which is responsible for movement of the free market economy. With freedom of production as well as individual self-interest and consumption, we can fulfill best interest of society. This is a concept by Adam Smith. For instance, A company's profit motive benefits consumers by ensuring the products and services they need are available at a high quality, describe invisible hand.