subject
Business, 28.11.2019 03:31 letsbestupidcx2314

Cody and abgail just purchased a piece of land and a tractor. they plan to start growing and selling organic peas. they have heard that the market for organic peas is perfectly competitive. what does that mean in terms of long‑run profit?
a. firms will earn zero accounting profit in the long run.
b. firms will earn negative economic profits in the long run.
c. firms will earn positive economic profits in the long run.
d. cody and abgail want to know the quantity they should produce to maximize profit.
e. as their economic advisor, you recommend that they produce until marginal cost is equal to marginal revenue.
f. produce until marginal revenue is equal to price. produce as much as possible, regardless of cost.
g. produce until price falls below the average variable cost.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 19:40
the question using the following data, which show all available techniques for producing 20 units of a particular commodityresource resource prices possible production techniques#1 #2 #3 #4 #5land $4 2 4 2 4 4labor 3 1 2 4 1 3capital 3 5 2 3 1 2entrepreneurial ability 2 3 1 1 4 1assuming that the firm is motivated by self-interest and that the 20 units that can be produced with each technique can be sold for $2 per unit, the firm will
Answers: 1
question
Business, 22.06.2019 08:40
Calculate the cost of each capital component—in other words, the after-tax cost of debt, the cost of preferred stock (including flotation costs), and the cost of equity (ignoring flotation costs). use both the capm method and the dividend growth approach to find the cost of equity.calculate the cost of new stock using the dividend growth approach.what is the cost of new common stock based on the capm? (hint: find the difference between re and rs as determined by the dividend growth approach and then add that difference to the capm value for rs.)assuming that gao will not issue new equity and will continue to use the same target capital structure, what is the company’s wacc? e. suppose gao is evaluating three projects with the following characteristics.each project has a cost of $1 million. they will all be financed using the target mix of long-term debt, preferred stock, and common equity. the cost of the common equity for each project should be based on the beta estimated for the project. all equity will come from reinvested earnings.equity invested in project a would have a beta of 0.5 and an expected return of 9.0%.equity invested in project b would have a beta of 1.0 and an expected return of 10.0%.equity invested in project c would have a beta of 2.0 and an expected return of 11.0%.analyze the company’s situation, and explain why each project should be accepted or rejected g
Answers: 1
question
Business, 22.06.2019 10:50
Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?
Answers: 3
question
Business, 22.06.2019 13:00
Amajor advantage of case studies is
Answers: 2
You know the right answer?
Cody and abgail just purchased a piece of land and a tractor. they plan to start growing and selling...
Questions
question
Social Studies, 19.01.2021 22:10
question
Mathematics, 19.01.2021 22:10
question
Mathematics, 19.01.2021 22:10
question
Mathematics, 19.01.2021 22:10