Answers: 1
Business, 22.06.2019 13:20
Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.
Answers: 1
Business, 22.06.2019 18:00
If you would like to ask a question you will have to spend some points
Answers: 1
Business, 23.06.2019 11:10
Which of the following statements best reflects a price-taking firm? price-taking firms maximize profits by charging a price above marginal cost. the firm can sell only a limited amount of output at the market price before the market price will fall. if the firm were to charge more than the going price, it would sell none of its goods. the firm has an incentive to charge less than the market price to earn higher revenue.
Answers: 3
Business, 23.06.2019 12:00
The "ideal" business, according to richard buskirk of the university of southern california: has many diverse employees.has a few, carefully selected employees.has many homogeneous employees.is a "one-man show".
Answers: 1
A job may help you provide for survival, or it may help you provide for enjoyment. Which of the foll...
Biology, 05.05.2020 18:26
Mathematics, 05.05.2020 18:26
Mathematics, 05.05.2020 18:26
Biology, 05.05.2020 18:26
Mathematics, 05.05.2020 18:26
Mathematics, 05.05.2020 18:26
Physics, 05.05.2020 18:26
Engineering, 05.05.2020 18:26
Mathematics, 05.05.2020 18:26
Mathematics, 05.05.2020 18:26