In perfect competition, firms will be able to earn economic profits in: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a the short run, only. b the long run, only. c the short and in the long runs. d neither the short or in the long runs.

Answers

Answer 1

In perfect competition, firms will be able to earn economic profits in the short run.

What is perfect competition?

A perfect competition is characterized by many buyers and sellers of homogenous goods and services.

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

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Related Questions

Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' __________.

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Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business financial events.

What is accounting?

Accounting is a process of keeping a financial record or preparing the financial record. It includes analysis, verification, and reporting of records of the transaction.

Accounting is the activity in the financial department of a company or business that keeps the daily finance accounts.

Hence, accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business financial events.

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Suppose interest rates in the UK fall. This will affect the side of the foreign exchange market and cause exchange rates to

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A fall in the interest rates in the UK, would cause the exchange rate of the UK to decline.

What is the impact of a fall in interest rate on exchange rate?

Exchange rate is the rate at which one currency is exchanged for another currency. Interest rate is the return earned by investors for allowing business owners use their funds.

When interest rate declines, the return earned by investors would fall. This would discourage investors from investing. This would lead to a decline in the demand for the UK currency. This would depress the exchange rate.

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Evaluating information sources is a skill that can be used over the course of a lifetime for any personal or professional need.


True


False

Answers

Answer:

True

Explanation:

What are some alternatives to Bankruptcy? (Select All that Apply)
Group of answer choices

Using your Credit Card for a cash advance

Obtaining help from consumer credit counseling

Having a friend or family member Co-sign for an auto loan

Reduction of payments

Payment of debts by selling or borrowing on property

Out of court settlement

Securing a Payday Loan

Answers

Answer:

obtain help from consumer credit counseling, reduction of payments

In American Society, which of these is an example of a want?
O food
O shoes
O video games
O utility bills

Answers

Answer:

c

Explanation:

video games just didthe test

Jamal is about to start a new job. Given that he wants to make lots of new friends, he should choose the office that is located __________.

Answers

Answer:

he should join a job in the public expence or in a busy society

Explanation:

its like if he join a job in the public expence or in a busy society so he'll be able to make friends

Bluestein Inc. purchases goods from one of its suppliers and incurs freight charges to have the goods delivered. The company uses a perpetual system. Which of the following statements is correct? Multiple Choice Bluestein will record the freight charges in its Freight-in account. Bluestein will record the freight charges in its Inventory account. Bluestein will record the freight charges in its Selling Expense account. Bluestein will record the freight charges in its Cost of Goods Sold account.

Answers

Answer:

answer is 1

Explanation:

find it yo self

3. Effects of a government budget deficit

Consider a hypothetical open economy. The following table presents data on the relationship between various real interest rates and national saving,

domestic investment, and net capital outflow in this economy, where the currency is the U. S. Dollar. Assume that the economy is currently experiencing a balanced government budget.

Answers

The relationship between net capital outflow and net exports implies that the economy is experiencing a trade deficit.

What is a trade deficit?

A trade deficit simply means a situation when the value of the import is more than the value of the export in the country.

In this case, the relationship between net capital outflow and net exports implies that the economy is experiencing a trade deficit.

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Which warehouse location strategy would most likely be used if a company has many more suppliers than customers

Answers

A located strategy called a market positioned strategy would be the most likely warehouse location strategy to be used if a company has many more suppliers than customers.

What is a market positioned strategy?

This strategy involves that determination of ideal number and the best location of warehouses to locate to allow the firm to best serve the organization's customers.

Hence, it is very important that the firm locates its warehouses where it will ensure an efficient operation and ultimately business success.

In conclusion, the market positioned strategy is the best location stragegy because it will allows to the firm to contact the supplier and consumer at ease.

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What are the SWOT of Starbucks? ("Brainly patrol" go away this is a question I was asked in class)

Answers

Hopefully this is what ur talking abt Starbucks SWOT analysis is a study of the company’s strengths, weaknesses, opportunities and threats, in the internal and external business environment. Starbucks SWOT analysis reveals how the largest coffee chain in the world uses its competitive advantages to continue growing so successfully all over the world.                    


 Explanation:Hope this helps, and is what you meant.

Having a savings account can contribute to a person’s overall financial well-being. which one of the following is not a benefit of maintaining a savings account? a. a savings account provides security in tough financial times b. with a savings account, you can invest when the opportunity presents itself c. having a savings account gives individuals the ability to borrow money from members in the community d. a savings account allows an individual to fulfill life long dreams please select the best answer from the choices provided a b c d

Answers

Answer:

C) Having a savings account gives individuals the ability to borrow money from members in the community

A savings account definitely can help you with A and B. While D may sound a bit dramatic, a responsible savings routine and a savings account with a healthy balance can make great things happen. However, a savings account does not give you the ability to borrow money from members in the community. This is not a feature of a savings account.

Explanation:

Having a savings account gives individuals the ability to borrow money from members of the community, this is not a benefit of maintaining a savings account. Thus, Option C. is correct.

Savings accounts are a great way to set aside cash for unpredictable costs or to achieve financial objectives. The savings account is a secure location to keep the money safe and has the potential to accrue interest. Savings accounts do not, however, provide credit and do not let you borrow money from others.

All of the additional choices are advantages of having a savings account. Option A is the best choice since savings accounts can offer stability during difficult economic times. Because you can invest money from your savings account when the chance arises, option B is the best one. And Option D is accurate since savings accounts give you a financial safety net to save for long-term goals, which can help you realize your aspirations.

Therefore, the correct option is option C.

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While you are a student, why is it recommended that you check the website or printed materials prepared by the professional organization of your chosen career

Answers

It is recommended that you check the printed materials of your career organization so that:

You would be well aligned with the profession.It would  you to learn about the characteristics needed to be successful in your career,

What is a profession?

This is a paid occupation that a person belongs to after they have gone through periods of formal training.

To align with a career a student would be on the constant look out for information about the career.

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Money is a ______ of some item or group of items that is used as a medium of exchange.

Answers

Money is a legal tender of some item or group of items that is used as a medium of exchange.

What is money?

Money is what accepted legally all over as one of the means of transactions.

It is given as a payment to purchase a particular goods or services. The value of a countries money is determined by the economy.

Therefore, Money is a legal tender of some item or group of items that is used as a medium of exchange.

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Beyond the Backyard, a company that designs and manufactures athletic gear, focuses their marketing efforts on people who participate in strenuous outdoor activities such as running, hiking, and climbing. For example, the firm advertises heavily in Runner's World and Women's Running. Beyond the Backyard is using __________ factors to segment its market.

Answers

The Beyond firm is a using a psychographic factors to segment its market because it is focusing its marketing efforts on people who participate in strenuous outdoor activities.

What is a Psychographic segment?

This is a form of marketing segmentation that identifies the customer groups into segments that influence their buying behaviors.

Some of the buying behaviors includes:

beliefs,values, lifestyle,social status etc

In conclusion, the outdoor activities such as running, hiking, and climbing are all part of consumers lifestyles.

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Which best describes how the government enables government monopolies to exist? by issuing a patent by allowing natural monopolies to exist by creating and running a monopoly by owning the means of production.

Answers

Government enables government monopolies to exist by owning the means of production.

What are monopolies?

monopolies can be regarded as a practice whereby a particular entity is given opportunity to control a market by being the sole distributor in the market.

Therefore, government monopolies can exist if the government is sole producer in the country.

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Answer:

c. by creating and running a monopoly

Explanation:

The five core job dimensions stated in the Hackman and Oldham model are skill variety, task identity, task significance, autonomy, and ______.

Answers

The five core job dimensions stated in the Hackman and Oldham model are skill variety, task identity, task significance, autonomy, and feedback.

What is the Hackman and Oldham Model?

The Hackman and Oldham Model describes the five core dimensions that determine job outcomes.

The five core job dimensions show the different skills for performing a specific job.  They describe the competence areas and personality traits essential for an employee to perform according to job specifications.

Thus, the five core job dimensions stated in the Hackman and Oldham model are skill variety, task identity, task significance, autonomy, and feedback.

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Computer skills and knowledge of specialized software would be most important for someone who is

Answers

Answer:

this will be the answer hope it will help u

The _______ method of reporting the statement of cash flows reports net income and then adjusts it for items that do not affect cash.

Answers

Answer: Indirect

Explanation: the indirect method reports net income then adjusts it.

The equation calculates an annual rate in economics. startfraction final value minus initial value over initial value endfraction times 100 what rate does the equation calculate? employment rate inflation rate demand rate supply rate

Answers

The mentioned equation is applied to determine the inflation rate by dividing the difference between the final value and the initial value by the initial value and multiplying the resultant by 100.

What is inflation?

Inflation is the scenario where the prices of merchandise and services are rising at a very fast rate by reducing the purchasing power of people in an economy.

the rate of inflation can be determined by the following formula:

Given values:

Final value = F

Initial value = I

Now, [tex]\rm Inflation \ \rm rate=\frac{F-I}{I}\times100[/tex]

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Answer:

b) inflation rate

Explanation:

When interest rates increase, the demand for commercial and residential real estate will _____ and the price of real estate will _____.

Answers

When interest rates increase, the demand for commercial and residential real estate will decrease and the price of real estate will decrease.

Hope that helps!

Jeff Arnold and Reggie Bradford created WebMD, an Internet provider of health care information. During the development of this high-growth company, Arnold and Bradford attracted a group of investors who purchased stock in their company and provided them with ______ financing.

Answers

Arnold and Bradford attracted a group of investors who purchased stock in their company and provided them with equity financing.

What is equity financing?

Equity financing can be defined as the way in which a company or an organization  raise capital by selling their stock.

Most companies or organization tend to sell their shares or stock  to investors  who then provide them  with equity financing as this will enables them to raise money.

Therefore  Arnold and Bradford attracted a group of investors who purchased stock in their company and provided them with equity financing.

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The price used to record a sale between divisions within the same vertically integrated company is called the sales price. transfer price. bargain price. integrated price

Answers

A transfer price means those price used to record a sale between divisions within the same vertically integrated company.

What is a transfer price?

It refers to the prices of goods & services that are exchanged between companies that are under common control

Hence, it is the price used to record a sale between divisions within the same vertically integrated company.

Therefore, the Option B is correct.

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A type of vertical bar chart in which the categories are plotted in the descending rank order of the magnitude of their frequencies is called a:.

Answers

A contingency table consists of a double entry table with rows and columns in which the categories are plotted in descending order of the magnitude of their frequencies.

What is a contingency table?

They are frequency tables in which data from two qualitative variables are recorded and the relationship between them is analysed.

In these tables, the rows represent the categories of one variable and the columns the categories of the other variable or characteristic under study.

The cell located at the intersection of a given row and column, collects the absolute frequency simultaneously presented by the modalities that occupy the corresponding row and column.

Therefore, we can conclude that a contingency table consists of a double entry table with rows and columns in which the categories are plotted in descending order of the magnitude of their frequencies.

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Leokadia is currently focused on driving brand awareness with sponsored ads. She reviewed her campaign performance, and noticed that she was not using her entire budget and did not generate as many impressions as she wanted. What can she do to help improve on her campaign performance

Answers

What can help Leokadia improve the performance of your marketing campaign is to include more products that have not yet been advertising.

How to create an effective ad?

It is essential that the marketing department develop advertisements that are aligned with the wishes and needs of the customer, choosing an effective channel for dissemination, with calls to action and objectivity.

Therefore, to keep its ads relevant, Leokadia must implement strategies that consistently promote its products, engaging consumers and creating desire to buy.

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A 2-for-1 stock split increases the marketability of the stock because.

Answers

The reason why a stock-split of 2-for-1 can be said to increase a stock's marketability is that the market price for each share decreases.

What does a 2-for-1 stock split do?

When a stock is split in this manner, it means that there will now be two stocks for every stock there was before.

This means that the price of every stock will be halved. This increases marketability because the lower market price makes the stock cheaper for people to buy.

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Explain how credit card companies make money on their cards. what is a credit card issuer?

Answers

A credit card issuer is an unsecured creditor and makes money by imposing charges and fees for transactions one performs to transact via a credit card.

What is a credit card issuer?

Credit card issuer is the one who offers such credit facility to the consumer over the credibility of the holder in the market. He is an unsecured creditor, as no collateral is recoverable in case of default by cardholder.

A few ways in which card issuer make money on their cards are as follows:

Charging interest for late payments of credit amountCharging a fee to merchants for accepting payments via cardsPayment gateway feesCharges on withdrawal of cash

Hence, the ways in which a credit card issuer or a credit card company earns money is in the ways as aforementioned above.

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Answer:I took the test and got a 100

Explanation:

Credit card companies make money on their cards by charging banks a fee to issue their cards. They also charge merchants to accept their credit cards when customers use them to pay for products and services. Credit card issuers are financial institutions that establish credit accounts for their customers and provide them with a pre-approved credit limit.

trust me it's right

Rick Mueller insures his house for $88,500. A. Since the contents are automatically insured for 50% of

the total insurance on the house, what is the amount the contents are insured for? b. If Rick's insurance

company charges $0. 53 per $100 for the policy, what will be the annual premium?

Answers

The amount the contents are insured for based on the insurance done by Rick will be $44250.

How to calculate the insurance?

From the information given, Rick Mueller insures his house for $88,500 and the contents are automatically insured for 50% of the total insurance on the house.

Therefore, the amount will be:

= 50% × $88500

= $44250

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True or false: An increase in aggregate demand along the flat portion of the short-run aggregate supply curve will result in an increase in the price level without much effect on real output.

Answers

It is false that  An increase in aggregate demand along the flat portion of the short-run aggregate supply curve will result in an increase in the price level without much effect on real output.

What is aggregate demand?

This is a term that is used to refer to the total demand for goods and services that are used in an economy.

It is a total of all of the finished goods and services that have been produced in an economy over time.

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According to the _____________________ argument, a market-oriented economy has no obvious way to implement a plan of systematic wage reductions.

Answers

Answer:

The answer is Coordination.

Explanation:

According to the Coordination argument, a market-orienated economy has no obvious way to implement a plan of systematic wage reductions.

What is the difference between pending and contingent in real estate?.

Answers

Pending: A pending home indicates that all contingencies have been met by the prospective buyer. Contingent: A home listed as contingent still has certain contingencies open.
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