hunter7575 hunter7575
  • 23-02-2018
  • Business
contestada

When a firm in perfect competition has economic profit is equal to zero?

Respuesta :

kaliyahbenning2
kaliyahbenning2 kaliyahbenning2
  • 26-02-2018
In order to maximize profits in a perfectly competitivemarket, firms set marginal revenue equal to marginal cost (MR=MC).
Answer Link

Otras preguntas

Political movement that demanded people have a stronger voice in government and advance interests of farmers
Find the solution set for this inequality: -3x -12> 8x+ 21
Can someone help me with these questions please? 1. Which function pass through the points (1, 4), (2, 9), and (3, 16)? y = (x + 1)2 y = (x + 3)2 y = 7x - 5 2.
Match each role within an atom to its correct subatomic particle
The following frequency table shows the number of players on the Russian Bears volleyball team that have beeninjured for each match this year.Number of injured
I just.: don’t get it
The following brief outline is an example of parallel structure, which is often recommended when developing an outline. i. define or analyze the topic ii.
What is the median of the data set represented by the box plot shown below
The Mid-Atlantic Ridge is an example of ______. a) a convergent boundary. b) a divergent boundary. c) a collision boundary. d) a subduction boundary.
A solution of a base differs from a solution of an acid in that the solution of a base?A. is able to conduct electricity B. is able to cause an indicator color