What happens in a perfectly competitive industry when economic profit is greater than zero?.

Answers

Answer 1
New firms may enter the industry



Answer 2

New firms may enter the industry when economic profit is greater than zero.

What happens when economic profits equal zero?

An enterprise could be in a kingdom of normal income whilst its financial profit is identical to zero, that's why regular earnings are also called “zero monetary earnings.” Normal earnings take place on the factor where all resources are being successfully used and could not be positioned to higher use someplace else.

Profit equals overall sales minus the overall fee. General value includes all of the opportunity costs of the firm. in the 0-earnings equilibrium, the firm's revenue compensates the owners for the time and money they deplete to maintain the commercial enterprise going.

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Related Questions

Which of the following gas satisfaction measures wWhich of the following gas satisfaction measures would Be this for a company to use if they want to estimate how many customers might recommend them to their friends?

CES
CSAT
PSC
NPS​

Answers

Answer:

Simple Random Sample

Explanation:

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Darcy is in charge of selling some old equipment for her company as they clean out their warehouse. A customer offers to pay $6,000 for a set of old printing presses. To ensure she receives the funds, how should Darcy NOT accept payment for these items?

through an electronic funds transfer (EFT)

with cash

with a certified check

with a standard check

Answers

I’d say a standard check because it doesn’t get checked by the bank if they have enough and you’re trusting the person that the check won’t bounce and then you’re out $6,000 while they already have the equipment.

The highest salaries and highest foreseeable level of future demand are most likely to be open to

A. STEM professionals
B. tradespeople
C. liberal arts professionals
D. human services professionals

Answers

The highest salaries and the  highest foreseeable level of future demand are most likely to be open to tradespeople.

Who are the tradespeople?

This is the term that is used to refer to the people that are specialized in a particular trade.

Due to the fact that there is an ever rising demand for trade, these people would have the greatest future salary.

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Answer: A.

Explanation:

If the fed raised the reserve requirement, the demand for reserves would.

Answers

In a scenario where the fed raise the reserve requirement, the demand for reserves would increase.

What is a reserve requirement?

A reserve requirement simply means the amount of money that banks are expected to keep with the central bank.

It should be noted that when the fed raise the reserve requirement, the demand for reserves would increase, therefore, the federal rates would fall.

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Which of the following is not a common type of hazardous mechanical motion?

a) In-running nip points
b) Transversing
c) Shearing
d) Reciprocating

Answers

Answer:

option c is your answer!

The following are all machine safeguarding requirements except:

a) Cannot create a new hazard

b) Must stop worker from making contact with any hazardous moving parts

c) Cannot hamper a worker from performing a job quickly and comfortably

d) Must prevent workers from lubricating a machine without removing the safeguard

Answers

Answer:

d) Must prevent workers from lubricating a machine without removing the safeguard

Explanation:

As much as possible, the safeguard should allow safe lubrication. One should be able to service and lubricate the machine without having to remove the guard. Positioning the oil reservoirs far from the guard reduces the maintenance worker's need to go near the danger area.

Removing the safeguards before maintenance may increase the machine's danger, especially if the maintenance worker is a contractor.

Answer:a

Explanation:

Determine the due date and the amount of interest due at maturity on the following notes:

Date of Note Face Amount Interest Rate Term of Note
a. January 5 * $90,000 6% 120 days
b. February 15 * 21,000 4 30 days
c. May 19 68,000 8 45 days
d. August 20 34,400 5 90 days
e. October 19 50,000 7 90 days
* Assume a leap year in which February has 29 days.

Assume 360 days in a year when computing the interest.

Note Due Date Interest
(a) May 4
(b) Mar. 16
(c) July 3
(d) Nov. 18
(e) Jan. 17

Answers

i think the answer is c. july 3rd !
Amount of interest = face amount x [interest rate x (term of note / 360)]

(a) 90,000 x 0.06 x (120/360)
(b) 21,000 x 0.04 x (30/360)
(c) 68,000 x 0.08 x (45/360)
(d) 34,400 x 0.05 x (90/360)
(e) 50,000 x 0.07 x (90/360)

Remember the interest rate is stated on an annual basis, while the term is expressed as days

(a) $1,800
(b) $70
(c) $680
(d) $430
(e) $875

The perspectives expressed in the public service announcements suggest that popular interest in environmental issues such as smog control emerged most directly from.

Answers

The perspectives that was expressed in the public service announcements emerged from a greater awareness of impacts of abuses of natural resources.

Wnat is perspective?

It should be noted that perspective simply means the point of view of an individual regarding a particular issue.

In this case, the perspectives that was expressed in the public service announcements emerged from a greater awareness of impacts of abuses of natural resources.

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What has too much political references

Answers

I think social media and government as well in contrast to the news

Many companies have been forced to deal with a type of online fraud that lures their employees into disclosing personal information. The employees receive an email that appears to come from the Internal Revenue Service, demanding confirmation of their Social Security numbers. The message threatens that noncompliance will mean criminal penalties. These employees are victims of ___________________.

Answers

The answer is definitely Identify Fraud

A leader's use of power can influence his or her overall effectiveness as a strategic manager. Which of these statements is true? a. Edward Wrapp says that effective leaders should use their power in a dictatorial fashion to ensure team members understand who the final decision maker is. b. Jeffrey Pfeffer explains that ultimately a manager's power comes from his or her control over resources, such as budgets, capital, positions, information, and knowledge. c. Jeffrey Pfeffer believes that only those with a title and official position can exert power within an organization. d. Edward Wrapp argues that organizational leaders do not have anything in common with political leaders and should not behave democratically.

Answers

Answer:

b. Jeffrey Pfeffer explains that ultimately a manager's power comes from his or her control over resources, such as budgets, capital, positions, information, and knowledge.

Explanation:

A true leader does not believe in dictatorship, rather believes in team work. When a leader uses his information received from various sources he creates an understanding with the current and expected performance standards of the company.

This provides for the use of resources like reports in the form of budgets, available understanding of finances of company etc:

A true manager or leader shall use his understanding on the company requirements and possible opportunities.

Thus, option B provides for the same.

Consider a good for which there is a positive externality. If this good were provided by the market, then.

Answers

If a good with a positive externality was provided by the market then B. less than the efficient amount of the good would be traded.

Why would less than the efficient amount be traded?

A good with a positive externality would benefit a third party which means it would benefit more than those people who bought it.

As a result, it would be traded at an amount which is less than the efficient amount because the effect would be as though an efficient amount was traded.

In conclusion, option B is correct.

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If you started a car wash service today but didn't have the funds to pay
for advertising how would you advertise?

Answers

Simply make a sign and go out on
the streets.

Enumeration: Give the top five (5) known families who owned the big Corporations in
the Philippines.

Answers

Answer:

The top five (5) known families who owned the big Corporations in  the Philippines are discussed below in details.

Explanation:

The Philippines’ market world is controlled by a few prominent business families that have stakes in nearly every perspective of economics, from strength and mechanisms to real estate and production.

FAMILY-OWNED corporations continued to control the Philippine industry landscape.

The top five (5) known families who owned the big Corporations in the Philippines are:

The Sy FamilyThe Lopez FamilyThe Gokongwei FamilyThe Ayala FamilyThe Aboitiz Family

The correct statement is that the top five Philippines' families which are the owners of big corporations are

Lopez FamilyGokongwei familySy FamilyAboitiz familyAyala Family

These families are the owners of one of the biggest corporate houses that exist in the Philippines and still continue to dominate the nation's economic policies.

Family Corporations

The families as mentioned above are indirectly the runners of the country's economy, owing to which there exists a big amount of corruption in the nation.

As the families have subsequent powers under their control, it is said to be running the country for a prolonged period of generations now.

Hence, the families like Sy family, Gokongwei family, Ayala family, Aboitiz family and Lopez family own big corporations in the Philippines.

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One reason firms carry inventory is to ______, that is, to use inventory as a buffer between successive internal operations to avoid disruption in the event of equipment breakdowns or accidents.

Answers

One reason firms carry inventory is to use inventory as a buffer between successive internal operations

What is inventory?

Inventory involves taken records or account of raw materials or resources that are used to produce goods .

It also involves taken account of goods that are available for sale, it helps to know and plan ahead of Productionm

Therefore, One reason firms carry inventory is to use inventory as a buffer between successive internal operations.

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When preparing a flexible budget, the level of activity ______. Multiple choice question. affects fixed costs only affects variable costs only has no effect on costs affects both fixed and variable costs

Answers

It should be noted that When preparing a flexible budget, the ,level of activity Affects variable costs only.

What is a flexible budget?

A flexible budget can be regarded as a budget which adjusts or flexes with changes in volume or activity.

It us a budget that is more sophisticated and useful than a static budget.

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One of the key underpinnings of public choice analysis is the assumption that politicians and bureaucrats.

Answers

Public choice analysis is grounded in the assumption that politicians and bureaucrats make policy decisions based on self-interest, just as individuals and companies do.

What is public choice analysis?

It is an analysis used for normative purposes, that is, it seeks to suggest improvements in the constitution after the identification of certain problems.

Therefore, public choice theory focuses on decision-making by influential people such as politicians and bureaucrats to assist in the development of the field, generating greater justice and honesty.

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Question 4 of 10
How does money function as a medium of exchange?
A. It has a value that is set and changed by the government.
B. It allows people to buy, sell, and trade goods efficiently.
C. It can be used to compare the value of different products.
O
D. It can be made of paper, metal, or many other materials.

Answers

Answer:

B. It allows people to buy, sell, and trade goods efficiently.

Explanation:

Medium of exchange refers to an intermediary instrument used to facilitate trade or the transfer of goods and services between parties. An item must be acceptable by the parties involved in the transaction to be used as a medium of exchange. It should represent a fair standard of value.

Money is the most widely used and accepted medium of exchange. It facilitates an easy and quick transfer of goods and services between buyers and sellers. Without money, the selling of goods and services would be conducted on barter trade. Money as a medium of exchange facilitates smooth transactions in business.

Money function as a medium of exchange allows people to buy, sell, and trade goods efficiently. Thus, option B is appropriate.

Money is a centralized, widely recognized, acknowledged, and applied means of exchange that makes it easier to exchange goods and services. In an economy, money is a form of exchange used for many different types of commodities and services. Each government and each nation has a unique monetary system.

Money has played an essential role as a means of exchange in society since the beginning of time. As a means of exchange, money makes it easier to exchange commodities and services. The exchange of money occurs when producers sell their products to wholesalers.

Thus, option B is correct.

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Businesses in the nation of Islandia have been accumulating cash because they have a pessimistic outlook of the national economy. Due to recent changes in the economic outlook of Islandia, business leaders have started investing some of their accumulated cash. Instructions: Enter your answers as a whole number. Use a positive number to show an increase and a negative number to show a decrease. a. If business leaders invest a total of $30 billion of accumulated cash, what is the maximum expected change in GDP if Islandia's marginal propensity to consume is 0.8

Answers

The maximum expected change in GDP if Islandia's marginal propensity to consume (MPC) is 0.8 is: $150 billion.

Maximum expected change in GDP

First step is to find the Multiplier

Multiplier= 1/(1 − MPC)

Multiplier = 1/(1 − 0.80)

Multiplier= 1/0.20

Multiplier=5

Second step

Maximum expected change = 5 × $30 billion

Maximum expected change = $150 billion

Inconclusion the maximum expected change in GDP if Islandia's marginal propensity to consume (MPC) is 0.8 is: $150 billion.

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Using its aging of accounts receivable, Age Old, Inc. estimates that $90,000 of its $4,000,000 of accounts receivable will be uncollectible. Prior to making its adjusting entry, the unadjusted Allowance for Doubtful Accounts has a credit balance of $1,000. After the adjustment, the:_____.a. Allowance for Doubtful Accounts will have a $90,000 credit balance.b. Bad Debt Expense will equal $90,000.c. Allowance for Doubtful Accounts will have an $89,000 credit balance. d. Allowance for Doubtful Accounts will have a $91,000 credit balance.

Answers

Since Age Old, Inc. estimates that $90,000 of its $4,000,000 of accounts receivable will be uncollectible, this implies that, after the adjustment, a. the Allowance for Doubtful Accounts will have a $90,000 credit balance.

What is Aging of Accounts Receivable?

Aging of Accounts Receivable can be described as a technique of identifying open accounts receivables depending on the amount of time an invoice has been outstanding.

The importance of the aging of accounts receivables is its employment in ascertaining the allowance for doubtful accounts.

Since Age Old, Inc. estimates that $90,000 of its $4,000,000 of accounts receivable will be uncollectible, the implication of this in aging is that the desired ending credit balance of Allowance for Doubtful Accounts is $90,000.

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______ is a way of describing failures that provide valuable new knowledge that can help a startup innovate and stride ahead of its competition.

Answers

Answer: Intelligent failures

Why does supplier competition make it harder for an entrepreneur to be successful

Answers

Answer:

because the supplier is already supplying sellers with what the entrepreneur is supposed to be selling and if more people are going to the other suppliers than no one will buy it from the entrepreneur because they can get it from suppliers

Explanation:

sorry if its wrong!

Its gives other entrepreneur advantage over the entrepreneur in question.

Suppliers encompasses people who supplies raw materials, finished goods to the users which can be an organisation or an entrepreneur.

Now, when there is competition, people tends to approach suppliers whose goods are cheaper. This gives some entrepreneur advantage over others because they sells at price at lower than their competitors.

A typical example is when a supplier prefers to supply goods to an entrepreneur in an axis based on previous relationship. Other entrepreneur may suffers because they might get the product at higher price from another supplier

In conclusion, if  price ceiling are employed, it will make uniform the price at the all suppliers will sell their goods to entrepreneur, hence, no entrepreneur will at higher advantage than others

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Monopolistic competition has which drawback compared to a monopoly?
A. Consumers have fewer options for buying new products.
B. Companies have less capital for expensive investments.
C. Prices are more likely to be fixed at high levels.
D. Governments are more likely to regulate them.

Answers

Answer:

B. Companies have less capital for expensive investments.

Explanation:

In monopolistic competition, there are many companies that compete in the same market. Each company only has some market power, because most of that power is shared among all of the companies of the market as a whole.

For this reason, companies in monopolistic competition obtain less revenue than companies in monopoly, and this means not only less profit but also less capital for expensive investments.

Answer:

It is, in fact, indeed, most definitely, positively, B

Explanation:

During times of a need, such as following a natural disaster, firms will overcharge for certain items or services, knowing customers will pay the higher cost due to lack of options. This unethical pricing practice is known as:.

Answers

The name of unethical practice that firms engage in when they overcharge for certain items or services is known as price gouging.

What is an Unethical Practise?

This refers to the behavior which is shown to have no honor and respect for due process and is usually done in order to make a quick profit to the detriment of others.

Hence, we can see that when there are natural disasters or situations when there are uncertain situations, some firms actually overcharge for certain items or services, knowing customers will pay the higher cost due to a lack of options and this is known as price gouging.

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Which source of information would help you make the most informed
decision about a purchase?
O A. A professional review
O B. An advertisement
O C. An online testimonial
O D. A conversation with the seller

Answers

Answer:

A. A professional review

Explanation:

Let's use process of elimination:

A) A professional is least likely to be biased, unless they've been paid.

B) An advertisement is by the manufacturer, and thus more likely to be biased.

C) Online testimonials can also be biased, because most of them are paid.

D) The seller only wants to make money. They're going to be the most biased of the bunch, as it will hurt their chances of making money if they give you a bad opinion.

A professional review is the source of information would help you make the most informed decision about a purchase. Hence, option A is correct.

What is a professional performance review?

A management examines an employee's work performance, recognizes strengths and flaws, provides comments, and sets goals for future performance during a performance review, which is a formal assessment. Performance assessments and appraisals are other names for performance reviews.

Discuss your professional experience and any queries or apprehensions you may have regarding routine chores. Companies frequently value knowledge about specific employee experiences since it allows them to modify their expectations and goals to better suit their needs.

Professional performances are those in which artists get paid for their work, as opposed to amateur performances. In their career, professional performers are challenged creatively and intellectually. A professional actor is someone who makes their living by taking part in paid performances.

Thus, option A is correct.

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Why would you possibly not be able to use a check that you just deposited in a checking account?
A The deposit has been overdrafted
B the deposit is still pending
C the financial institution is closed for the day
D the FDA/ NCUA has not insured it yet

Answers

We will possibly not be able to use a check that you just deposited in a checking account if the deposit has been overdrafted.

What is a deposited check?

Generally, a bank may hold a deposited check if there are insufficient funds in the payer's account or if the payer's account is closed or blocked for some reason.

But, in this context, if the deposit has been overdrafted, then one will possibly not be able to use a check that you just deposited in a checking account.

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A term for the top most point of the wave is the

Answers

The correct answer is crest
The topmost point of the wave from the normal position is called the crest. The bottom most point is called the trough.

_____ is a significant question because, once the decision has been made and implemented, the firm must live with it due to the high costs involved

Answers

It should be noted that Facility location is significant question because, the firm must live with it due to the high costs involved.

What is Facility location?

Facility location serves as as the term used in optimization problem, it is the optimal placement of facilities.

And this is a function of transportation costs and other factors.

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Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4. Instructions: Enter your answers as a whole number. For the absolute size of the public debt, enter your answer as a positive number. a. What is the absolute size of its public debt in year 4

Answers

The absolute size of its public debt in year 4 is 32 billion.

What is the size of public debt?

A public debt is created when the government borrows to carry out its activities. The size of public debt increases when there is a deficit and it decrease when there is surplus.

Size of the public debt  = $-40 billion + 10 billion - 2billlion = -32 billion

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Volunteering at an animal shelter is a great way to

demonstrate your passion for helping others
develop additional computer skills
earn money to pay for college tuition
show you have become skillful at studying

Answers

When we volunteer at an animal shelter, this is a great way to demonstrate your passion for helping others.

What does volunteerism show?

Volunteerism refers to work that we are not paid for and are only doing in order to help others.

When we volunteer in an animal shelter therefore, it means that we are helping out others, be they animals or humans who need animal companions.

In conclusion, option A is correct.

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Answer: A - demonstrate your passion for helping others.

Explanation:

I got it right on my test.

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Order 2/3,2/9,5/6,11/18 from least to greatest Ayden collects football, baseball, and Pokmon cards. He has four times as many baseball cards as football cards. His Pokmon cards contain 7 more cards than his baseball collection. If he has 106 cards all together, how many of each type does he have? 55:46 Read the scenario below and answer the question that follows. A researcher studying the most common teacher opinions on student lunch room behavior arranges the opinions in four categories and writes a report to present the descriptive data to the school board. For this study, the researcher is analyzing data by using __________ measures. A. experimental B. qualitative C. quantitative D. naturalistic Please select the best answer from the choices provided Garry is building a fence for his neighbor. The backyard requires 172.5 feet of fencing. If each fencing board is 1/2 - foot wide, how many fencing boards will Garry need? A. 172 boards B. 86.25 boards C. 345 boards D. none of these PLEASE SHOW WORK !!!!!!!!!!!!!!!!!!! A recipe for cookies calls for 13 of a cup of sugar per batch. Elena used 423cups of sugar to make multiple batches of cookies. How many batches did she make? Write a division number sentence that represents the question above. Write a multiplication number sentence that represents the question above. Dennis is saving up for a new video game console that costs $250. He already has $100. if he makes $10 per hournowing lawns, how many hours does he need to work in order to buy the console?What is the equation and answer Mi hijos es athletico (20 POINTS!!!!) The expression 14 14 is equal to _____. (The small numbers are supposed to be the exponents or something?)Awnsers14 1214 Answer this for 10 regular points nothing special SHORT PARAGRAPH ON THE DECLARATION OF INDEPENDANCE- Highlights the importance of the Declaration of Independence - Explain one thing that you think could be written about or declared today that would be influential for our country or for the world that would be studied in the future like the Declaration of Independence is studied today. Explain what you think the impact could be (positive or negative). Example: a Declaration of Exploration where space travel is made the highest priority of the United Nations OR a Declaration of Provision where everyone in the country that pays taxes is guaranteed a monthly allowance that would pay for their housing and food consider the following formula used to estimate the height ,h, of a seedling after w weeks since planting: please help I need it What is the area of a rectangle with length 4 cm and width 12 cm?16 cm248 cm23 cm232 cm2 A simple random sample of n measurements from a population is a subset of the population selected in a manner such that which of the following is/are true? (select all that apply. ) Which American blues singer toured for the United Services Organization during World War II and the Korean War? What climate types are found in North Africa? (Select all that are correct)Humid ContinentalDesertSemiaridMarine West CoastMediterranean 16c-8d equivalent expression 9. Which of the following could be the areas ofthe three squares below?A. 12 ft?, 16 ft2 and 28 ft2B. 8 f1?, 16 ft2 and 24 ft2C. Both A and BD. Neither A nor B What is the approximate value of x in the equation below. log subscript three-fourths baseline 25 = 3 x minus 1 Question is in the pic