If a firm produces the quantity of output at which MR5MC, does it necessarily earn profits?
Question:
If a firm produces the quantity of output at which MR5MC, does it necessarily earn profits?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
No Whether a firm earns profits depends on the relationship between price P and average total c...View the full answer
Answered By
Qurat Ul Ain
Successful writing is about matching great style with top content. As an experienced freelance writer specialising in article writing and ghostwriting, I can provide you with that perfect combination, adapted to suit your needs.
I have written articles on subjects including history, management, and finance. Much of my work is ghost-writing, so I am used to adapting to someone else's preferred style and tone. I have post-graduate qualifications in history, teaching, and social science, as well as a management diploma, and so am well equipped to research and write in these areas.
4.80+
265+ Reviews
421+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Is there a dead weight loss if a firm produces the quantity of output at which price equals marginal cost? Explain.
-
1- A supplier in a perfectly competitive market is characterized by all but which of the following? A) It can influence the price of its product. B) It produces such that marginal cost equals price....
-
Select two public companies in the same industry, obtain their most recent published financial statements, and perform financial ratio analysis for both. Write a report to summarize your findings and...
-
What will the following code display? numbers = [1, 2, 3, 4, 5] numbers [2] = 99 print (numbers)
-
Northsea and East coast are neighboring countries that permit workers to cross their border freely. Both have industries that use the same technologies to produce computers and brooms using skilled...
-
The following information relates to David Pande Co. for the year 2014. Owners capital, January 1, 2014 ..........$48,000 Owners drawings during 2014 .......... 6,000 Service revenue ...................
-
Presented below is selected information for Turner Company: Required a. Calculate the following ratios for 2019. The 2018 results are given for comparative purposes. b. Comment on the changes between...
-
Nolan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2013, its Cash account shows an $ 22,352 debit...
-
Using a spreadsheet with the indirect method, entry (a) records net income as the first item on the spreadsheet in the Operating Activities section, with the corresponding entry as a debit to...
-
In the short run, if a firm finds that its price (P) is less than its average total cost (ATC ), should it shut down its operation?
-
Suppose the firms in a real-world market do not sell a homogeneous product. Does it necessarily follow that the market is not perfectly competitive?
-
With the per-unit prices of broccoli (B) and pork rinds (R) equal to $ 2 and $ 1, a consumer, George, with an income of $1,000 purchases 400R and 300B. At that point, the consumers MRSBR = 2R / 1B....
-
Consider the market for gasoline in Calgary. Units of quantity and price are in thousands of litres and $/litre, respectively. Letting ???? denote the price, suppose the quantity demanded of...
-
Evaluate the efficacy of servant leadership paradigms in nurturing a culture of empowerment, accountability, and continuous learning, and their consequential impact on organizational agility and...
-
0/5 A spinner has 20 equally sized sections, 16 of which are yellow and 4 of which are blue. The spinner is spun and, at the same time, a fair coin is tossed. What is the probability that the spinner...
-
A runner is jogging in a straight line at a steady v 6.8 km/hr. When the runner is L= 5.5 km from the finish line, a bird begins flying straight from the runner to the finish line at v 20.4 km/hr (3...
-
Detail the procedural framework involved in the management of file permissions within operating systems, encompassing the allocation, modification, and enforcement mechanisms governing access rights,...
-
Using transaction data to prepare a statement of cash flowsDirect method Store Company engaged in the following transactions during the 2011 accounting period. The beginning cash balance was $28,600...
-
Danielle has an insurance policy with a premium of $75 per month. In September she is in an accident and receives a bill worth $2990 for the repair of her own property. Her deductible is $250 and her...
-
JaiLai Companys stock has a beta of 0.6, the current risk-free rate is 6.4 percent, and the expected return on the market is 12 percent. What is JaiLai's cost of equity? Note: Round your answer to 2...
-
Hankins Corporation has 6.8 million shares of common stock outstanding, 328,000 shares of 4.85 percent preferred stock outstanding, par value of $100, and 81,000 5.2 percent semiannual bonds...
-
Can you show me how to get the trail balance and show me how you got each one (capital, van, bank , sales, purchases, receivables control and payables control) thanks. Michael owns and manages a...
Study smarter with the SolutionInn App