subject
Social Studies, 21.10.2020 01:01 genyjoannerubiera

NEED HELP Based on the graphs, which of the following statements about pure competition are accurate? Select all that apply.

The profit-maximizing quantity of output for the firm occurs at 148 units of output, where the revenue ($22.50) is highest.
The profit-maximizing quantity of output for the firm occurs at 148 units of output, where the revenue ($22.50) is highest.

Under pure competition, market supply and demand set an equilibrium price of $15.00.
Under pure competition, market supply and demand set an equilibrium price of $15.00.

Under pure competition, the individual firm sets its prices as high as possible in order to maximize profit.
Under pure competition, the individual firm sets its prices as high as possible in order to maximize profit.

The individual firm presented in the graph is not perfectly competitive because its demand curve does not follow the demand curve of the market.
The individual firm presented in the graph is not perfectly competitive because its demand curve does not follow the demand curve of the market.

The demand curve for the individual firm is also its marginal revenue curve because the firm will receive the same dollar amount for every unit it sells.
The demand curve for the individual firm is also its marginal revenue curve because the firm will receive the same dollar amount for every unit it sells.

The graph shows that the individual firm should not expand production beyond 144 units because the marginal cost of production will become larger than the marginal revenue from sales.
The graph shows that the individual firm should not expand production beyond 144 units because the marginal cost of production will become larger than the marginal revenue from sales.

ansver
Answers: 1

Another question on Social Studies

question
Social Studies, 21.06.2019 23:10
The chart shows four articles read by the students in a science class
Answers: 3
question
Social Studies, 23.06.2019 09:30
Ascientist who studies prehistoric and historic people by analyzing artifacts is a(n) a. historian b. botanist c. archaeologist d. anthropologist
Answers: 1
question
Social Studies, 23.06.2019 13:30
What is the supreme court case of smith vs robinson about?
Answers: 1
question
Social Studies, 23.06.2019 15:00
Section 1: this section deals with the possible implications (consequences) of sexual activity or abstinence for a teenager. 1. being sexually active can impact teenagers emotionally. in a complete paragraph, discuss one emotional impact of sexual activity. remember to refer to facts you’ve learned to answer the question. (10 points) 2. choices we make affect our health. in a complete paragraph, discuss a possible health consequence for sexually active teens. remember to refer to facts you’ve learned to answer the question. (10 points) 3. throughout this course, we have discussed goal setting. in a complete paragraph, discuss how sexual involvement can change or potentially influence a teen’s goals? (15 points) 4. in a complete paragraph, explain how your value system impacts your choices about abstinence versus sexual activity. (15 points)
Answers: 1
You know the right answer?
NEED HELP Based on the graphs, which of the following statements about pure competition are accurat...
Questions
question
English, 04.04.2021 08:10
question
Mathematics, 04.04.2021 08:10
Questions on the website: 13722360