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 22:40
wilson's has 10,000 shares of common stock outstanding at a market price of $35 a share. the firm also has a bond issue outstanding with a total face value of $250,000 which is selling for 102 percent of face value. the cost of equity is 11 percent while the preminustax cost of debt is 8 percent. the firm has a beta of 1.1 and a tax rate of 34 percent. what is wilson's weighted average cost of capital?
Answers: 3
question
Business, 22.06.2019 08:40
Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?
Answers: 3
question
Business, 22.06.2019 17:20
Andy owns islander surfboard inc. in the past, andy has always given his employees bonuses during the holidays if they reached certain sales goals. this year, even though the company is thriving, he decided to cut bonuses from employees and award them to himself instead. what ethical theory of leadership is andy following?
Answers: 1
question
Business, 23.06.2019 00:40
What role do business cycles play in a market economy
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
English, 26.03.2020 04:33