In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price minimum average variable cost exceeds price A minimum average total cost exceeds price minimum average total cost exceeds price B marginal revenue exceeds marginal cost marginal revenue exceeds marginal cost C marginal cost exceeds marginal revenue marginal cost exceeds marginal revenue D it is losing money

Answer:

A. minimum average variable cost exceeds price.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market

In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price.

However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.

NewTel is a telephone company with a policy of filling positions internally through promotions, rather than hiring from outside. Until recently, the company had a strong engineering focus and tended to promote people to senior executive positions from the engineering areas. Consequently, almost all of the company's 14 senior executives joined the company over 20 years ago as junior engineers. There is increasing pressure on NewTel to become more market and service oriented. As a result, four people were hired last year from retail firms to fill new senior executive positions in marketing and service departments. The external hires were necessary because current employees were not sufficiently qualified. Now, there are signs of tension among senior executives, particularly during budget deliberations where there is limited discretionary spending on new corporate activities. The four new hires have been thwarted in their attempts to have the company invest more in marketing and customer service instead of investing in technological research, and they blame the senior executives for being hard-headed. The conflict episodes are being viewed by both sides as personal attacks rather than attempts to resolve the problem. The conflict at NewTel appears to be a Multiple Choice relationship conflict. task-related conflict. constructive conflict. legal conflict.

A food processor uses approximately 27,000 jars a month for its fruit juice product. Because of storage limitations, a lot size of 4,000 jars has been used. Monthly holding cost is $0.18 per jar, and reordering cost is $60 per order. The company operates an average of 20 days per montha. What penalty is the company incurring by its present order size?


b. The manager would prefer ordering 10 times each month but would have to justify any change in order size. One possibility is to simplify order processing to reduce the ordering cost. What ordering cost would enable the manager to justify ordering every other day?


c. Suppose that after investigating ordering cost, the manager is able to reduce it to $50. How else could the manager justify using an order size that would be consistent with ordering every other day?.

Which is a good rule to follow when sending business emails? (1 point)

What is institutional advertising focused on promoting?
A. A company
B. The Internet
C. A service
D. A good
Please select the best answer from the choices provided

Identifying specific marketing activities, determining the time required to complete each activity, and organizing marketing activities into the proper sequence are examples of the steps involved in creating a(n):

Which best describes a tsunami?

large powerful wave caused by an earthquake
when the waves hit the shore at an angle and transport sand
alternating rise and fall of the ocean
an irregular climate event caused by ocean currents in the Pacific Ocean

Focus groups should be comprised of how many people? Three to five people Six to eight people Eight to 12 people 10 to 12 people

True or False: Stores should train employees on how to spot shoplifters.

a.true
b.false

My last points to help you.

Aggregate demand and aggregate supply analysis suggests that, in the short run, an expansionary monetary policy will result in a shift in the aggregate supply curve to the left. an increase in real GDP with high inflation when the economy in on the horizontal portion of the aggregate supply curve. an increase in real GDP without much inflation when the economy in on the horizontal portion of the aggregate supply curve. an increase in real GDP with no inflation when the economy in on the vertical portion of the aggregate supply curve. a shift in the aggregate demand curve to the left.

explain which types of apartments would best suit to friends to plan to become roommates

As long as your references know you are job hunting, it isn’t necessary to update them regarding every interview you attend.


False

True

Which change will cause the gravitational force between a baseball and a soccer ball to increase?

removing the outer layer of the baseball
moving the balls farther apart
wrapping the soccer ball in layers of duct tape
using a baseball with a thinner leather

finish the lyrics...
im cold as ice, i paid the price i dont care, __________________

(dont answer if you dont know lol)

When the price of spicy sauce was $10dollar sign, 10, people bought 100 jars. When the price increased to $12dollar sign, 12, people only bought 40 jars. What is the price elasticity of demand for spicy sauce?

Advocates of floating rates pointed out that Group of answer choices removal of the obligation to peg currency values would restore monetary control to central banks. imposing of the obligation to peg currency values would restore fiscal control. imposing of the obligation to peg currency values would restore monetary control to central banks. imposing of the obligation to peg currency would restore monetary control to the consumer. removing of the obligation to peg currency values would restore fiscal control.

Which motion asks the court to rule there are no genuine issues of material
fact?
A. Motion for Summary Judgment
B. Motion for Deposition
C. Motion for Production of Documents
D. Motion for Admissions

Please Help!!!! My 5th time posting this please actually help me!


In the workplace, new devices and technologies are transforming the way we exchange information and conduct business. List and concisely describe at least six electronic communication channels used most commonly by businesspeople today.

Which of the following is a personal benefit of eaming a college degree?
A. You have more friends.
B. You are more likely to exercise.
C. You have a longer life expectancy.
D. You are more likely to vote for the right candidate.

milk should ______ (keep) in a fridge.​

Isaiah is in his 50s and currently does not have a retirement fund. However, he recently read a few articles about the insufficient savings of people in retirement and, as a result, he decides he wants to start now. He saves $500 per month for 15 years and earns 7% by investing in the stock market through an index fund.

1. A U.S. company anticipates that it will sell merchandise for €100,000 at the end of August and receive payment for it at the end of October. On May 1, when the spot rate is $1.20 and the forward rate for delivery on October 31 is $1.21, the company enters a forward contract to sell €100,000 on October 31. The forward contract qualifies as a cash flow hedge of the forecasted sale. The company sells the merchandise on August 30, when the spot rate is $1.232 and the forward rate for October 31 delivery is $1.23 and receives payment of €100,000 and closes the forward contract on October 31, when the spot rate is $1.24. The company has a December 31 year-end. What is the net exchange gain/loss for the year related to this transaction? A. $200 net gain B. $1,800 net loss C. $200 net loss D. $-0-

g You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend college. The first $ 11 comma 800 tuition payment is due in six months. After​ that, the same payment is due every six months until you have made a total of eight payments. The college offers a bank account that allows you to withdraw money every six months and has a fixed APR of 4.4 % ​(with semiannual​ compounding) guaranteed to remain the same over the next four years. How much money must you deposit today if you intend to make no further deposits and would like to make all the tuition payments from this​ account, leaving the account empty when the last payment is​ made? ​(Note: Be careful not to round any intermediate steps less than six decimal​ places.)

If you tell your bank within 2 days of learning about fraudulent charges you are responsible for a maximum of _____. If you tell your bank within 2 days of learning about fraudulent charges you are responsible for a maximum of _____. drop zone empty. Waiting for more than 2 days but less than 60 days to inform your bank of fraudulent charges you are responsible for a maximum of _____. Waiting for more than 2 days but less than 60 days to inform your bank of fraudulent charges you are responsible for a maximum of _____. drop zone empty. After you tell your financial institution about the fraudulent charges it has _____ business day/days to investigate. After you tell your financial institution about the fraudulent charges it has _____ business day/days to investigate. drop zone empty. If the investigation determines the transaction was indeed fraudulent, your financial institution must replace the funds within ____ business day/days.

1. The oxidizer that is added to hydrogen peroxide to increase its chemical action is known as the_______.

a generator

b) penetrator

C)activator

d) accelerator

Match the level of unemployment with the condition of the overall economy. Unemployment equals the natural rate. Cyclical unemployment equals zero. Unemployment is below the natural rate. Unemployment is above the natural rate. Actual GDP is below potential GDP. Actual GDP is equal to potential GDP. Actual GDP is above potential GDP.

The tiny town of Nemo has three neighborhoods located on a straight line: Neighborhood 1, Neighborhood 2, and Neighborhood 3, with Neighborhood 2 located equidistant between Neighborhood 1 and Neighborhood 3. There is one daycare center, located on Neighborhood 1. There are 10 families residing in each neighborhood, and each family has one child. Each family is willing to pay $70/day for daycare, and prefers daycare closest to its own neighborhood (though at current distances, families will purchase daycare services even if it’s two neighborhoods away). Families are indifferent between any two daycares in the same neighborhood. Suppose that daycare costs $30/day per child to provide. A new daycare center is thinking of opening in Nemo. If both daycares will keep their price at $70/day, which neighborhood should the new daycare open in?

-1 1. Which of the following budget terms mean the same thing?
a) surplus and deficit
c) surplus and break-even
b) break-even and balanced d) deficit and balanced

A prospect is heavily invested in the common stock of an employer's company, ABC, relative to other investments. The stock has performed well over the last 15 years and the prospect is very happy with the investment. After reviewing financial and nonfinancial criteria, you have determined that A) selling a portion of ABC and using the proceeds to purchase mutual funds will reduce his nonsystematic risk. B) owning too much ABC stock has increased credit risk to an unacceptable level. C) he should begin to liquidate the ABC stock using the FIFO accounting method. D) because ABC has performed well over a 15-year period, he should keep the stock but sell it if inside information indicates a fall in value is imminent.

The Koryu dynasty’s leaders believed that their politics should be guided by the principles of

Shintoism.
Buddhism.
Confucianism.
Taoism.what is commodity