Suppose that a firm in a competitive market has the following cost curves: the firm should exit if the market price is below its average variable cost (AVC).
In a competitive market, a firm will make a decision to exit or stay based on its short-run and long-run costs. The short-run costs include fixed costs (FC), which the firm has to pay regardless of its production level, and variable costs (VC), which vary depending on the firm's production output.
A firm will compare the market price to its average total cost (ATC) and average variable cost (AVC) to determine whether to exit the market. If the market price is below the firm's AVC, it would be unable to cover its variable costs and will experience a loss on each unit produced. In this situation, it is more beneficial for the firm to exit the market and minimize its losses.
If the market price is between the firm's AVC and ATC, it can cover its variable costs but not its fixed costs, resulting in a short-term loss. However, the firm may choose to continue operating in the market, hoping for an improvement in market conditions.
Lastly, if the market price is above the firm's ATC, it will cover both its variable and fixed costs and earn a profit. In this case, the firm will continue operating in the market.
In summary, a firm in a competitive market with specific cost curves should exit the market if the market price is below its average variable cost.
To know more about average variable cost (AVC), refer here:
https://brainly.com/question/31573247#
#SPJ11
Directions: Choose whether each statement describes a credit union, commercial bank, or both by placing the corresponding letter in the blank 1 point each)
Class
A. Credit Union
B. Commercial Bank
C. Both
1. Anyone can open an account here
2. Offers financial services
3. Owned by their customers
4. In business to make money
5. Membership requirements to open an account
Anyone can open an account in a commercial bank and offers financial services.
What is a commercial bank?An example of a financial intermediary is a commercial bank, which provides a range of products and services to businesses to meet their liquidity needs. The institution receives and oversees deposits in order to earn fee income and act as a low-cost source of funds. The acceptance of deposits and the granting of credit are the two basic ways that commercial banks make money, and they cater to a variety of economic sectors as clients. Both business banks and commercial banks simultaneously provide services to small and medium-sized firms (SMEs). Depending on whether a client meets middle market or business bank criteria, they could be classified into "small business" and "commercial bank" groups, respectively.
To learn about commercial bank, visit:
https://brainly.com/question/16196841
#SPJ4
What causes air pressure to increase?
By heating it, any container can provide energy to air molecules. As a result of the molecules moving more swiftly, there is a rise in pressure because they hit the edge of the container with more force.
What is air pressure?Everything you touch is pressed upon by the weighty air that surrounds you.
This pressure is referred to as air pressure or atmospheric pressure. It is the force that the air above a surface applies to it while gravity pulls the surface toward Earth.
A barometer is frequently used to measure atmospheric pressure.
Pressure is the force that the air applies to the ground when gravity acts on it. At sea level, there is typically a pressure of 1013.25 millibars or 14.7 pounds per square inch.
Any container can deliver energy to air molecules by heating it.
As a result, the molecules move more quickly, impacting the container's edge with more force, which is seen as an increase in pressure.
Therefore, by heating it, any container can provide energy to air molecules. As a result of the molecules moving more swiftly, there is a rise in pressure because they hit the edge of the container with more force.
Know more about air pressure here:
https://brainly.com/question/15215203
#SPJ4
What are the skills required for managing and solving conflict?
The skills required for managing and solving conflict are problem-solving, teamwork, emotional intelligence, stress management, and communication.
For a person to manage the conflict effectively, they need certain conflict management skills. These skills tend to include the teamwork, emotional intelligence, stress management, etc. Thus, honing these 5 conflict management skills will then help you in order to better resolve conflicts in the workplace as they come up.
However, the effective communication skills are considered to be the foundation of the conflict resolution. As, the clear and the proper communication tend to help resolve any personal and as well as the professional problems.
To learn more about the emotional intelligence here:
https://brainly.com/question/30004291
#SPJ4
A 6. 75% coupon bond with 13 years to maturity can be called in 2 years. The call premium is one year of coupon payments. It is offered for sale at $929. 75. What is the yield to call of the bond? interest payments are annual and par value is $1,000.
The yield to call of the bond at 6.75% is of 3.26% at call value of $929.
What is yield to call ?Yield to call (YTC) is a term used in finance to describe the return a bondholder will earn if they stay onto the bond until the call date, which happens before it matures. The compound interest rate at which the present value of a bond's future coupon payments and call price equals the bond's current market price may be used to compute this figure.
Callable bonds, a type of financial instrument that enables bond holders to redeem their bonds at a price known as the call price on a date known as the call date, or the bond issuer to repurchase the bonds, are subject to yield to call. By definition, a bond's call date comes before its maturity date in time.
To learn more about bonds visit:
https://brainly.com/question/29666251
#SPJ4
What is a negative consequence of making a lobbying cause public?
However, lobbying can also lead to undue influence, unfair competition and regulatory capture to the detriment of the public interest and effective public policies. A sound framework for transparency in lobbying is therefore crucial to safeguard the integrity of the public decision-making process.
What is a lobbying ?The word "lobby" literally refers to an entrance hall in a hotel, a public structure, such as Congress, or any other. But in a specific lobby or entrance hall in 1640, its connotation as "pressure group" was first introduced.Meetings with lawmakers or their staff to discuss certain bills are examples of direct lobbying. Composing a bill or negotiating its provisions. Chatting with lawmakers' staff about the likely content of legislation.Lobbying Forms. Depending on the subjects that organised interests support and the people they aim to sway, there are many different styles of lobbying. Berry (1977) categorised different types of lobbying into three main groups: direct lobbying, grassroots lobbying, and electoral lobbying.To learn more about lobbying refer to:
https://brainly.com/question/29613008
#SPJ4
Tell weather the order pair i a olution of the ytem of linear equation
6x 3y= 18
2xy=7
The ordered pair (2,1) is a solution of the system of linear equations.
To determine whether the ordered pair (x, y) is a solution of the system of linear equations:
6x - 3y = 18
2xy = 7
We can substitute the values of x and y from the ordered pair into the equations and see if they make the equations true.
For example, if the ordered pair is (2,1) we can substitute these values into the equations:
6(2) - 3(1) = 18
2(2)(1) = 7
If both equations are true, then the ordered pair is a solution of the system of linear equations. If either equation is false, then the ordered pair is not a solution of the system of linear equations.
In this case,
6(2) - 3(1) = 18 is true
2(2)(1) = 7 is true
So, the ordered pair (2,1) is a solution of the system of linear equations.
Know more about ordered pair (x, y) is a solution of the system of linear equations - https://brainly.com/question/14107548
#SPJ4
Is the custodial model most appropriate for organizing prisons that operate at different security levels? What model should be used to organize a minimum-security facility?
The custodial model is the best choice for structuring a jail that employs several security levels. It is a severe model that is employed to punish offenders or criminals. It primarily focuses on prison security and discipline as a means of assisting incapacitation.
The custodial approach encourages employees to depend on the organisation rather than their manager. The approach places a strong emphasis on issues including financial gain, security, organisational dependency, and upkeep. The custodial model makes employees reliant on the company.
Custodial models try to give workers the impression that their employer is concerned about their needs. Benefits packages, including healthcare, retirement plans, and other incentives, are frequently used to accomplish this. Provides custodial services, including all cleaning tasks, staff scheduling and assignment, and training activities, under the direction and leadership of other personnel.
To learn more about custodial model: https://brainly.com/question/15083005
#SPJ4
Which of the following will cause the countries within the European Union to become increasingly similar in what they need, what they want, and how they behave in the economic market?
1. global mass communications
2. countries depending more on one another, both economically and socially
Global mass communications and countries depending more on one another, both economically and socially both will cause the countries within the European Union to become increasingly similar in what they need.
Option 1 and 2 are correct.
What role does globalization play in communication?The importance of communication in globalization is paramount as people of different nationalities, ethnicities, languages, cultural attitudes and other diversity need to understand each other, work together and express themselves effectively.
Global mass communication :Global mass communication refers to accessing, receiving and exchanging information on a global scale. This is primarily done through the Internet, a network of computers where information is exchanged.
What are the effects of global communication?Global communication is directly influenced by the process of globalization, contributing to expanding business opportunities, removing cultural barriers and developing global villages. Both globalization and global communication have changed the world's ecological, cultural, political and economic factors.
Learn more about global communication:
brainly.com/question/15887652
#SPJ4
A project with an initial cost of $65,550 is expected to generate annual cash flows of $17,900 for the next 6 years. What is the project's internal rate of return?.
A project with an initial cost of $65,550 and projected annual cash flows of $17,900 has an internal rate of return of 16.23%.
Internal rate of return or known as IRR is a project evaluation method to measure a project's profitability based on the time value of money concept. IRR refers to a discount rate of a project that could make its net present value (NPV) equals to zero (0).
IRR can be calculated through the same approach with NPV. IRR can be calculated using NPV formula:
NPV = T∑(t=1) [tex]\frac{Ct}{(1+IRR)^t} - C_{0}[/tex] = 0
where:
Ct = net cash inflow during the t period
IRR = Internal rate of return
C0 = initial investment
t = time of period
From the case, we know that:
C0 = $65,550
Ct = $17,900
t = 6 years
IRR = ?
Using the NPV formula, the IRR to make NPV of the project equals to 0 (zero) is:
NPV = T∑(t=1) [tex]\frac{Ct}{(1+IRR)^t} - C_{0}[/tex] = 0
0 = T∑(t=1) [tex]\frac{17,990}{(1+IRR)^6}-65,550[/tex]
IRR = 16,23%
IRR can also be calculated using excel formula by making the table of cash inflow for the given period and using IRR formula, which is: "=IRR(values,[guess])".
Learn more about Internal Rate of Return here: brainly.com/question/19756676
#SPJ4
Victoria Wilson, a resident of Illinois, wishes to bring an invasion of privacy lawsuit against XYZ Co. because XYZ used a photograph of her, without her consent, in an advertisement for one of the company’s products. Wilson will seek money damages of $150,000 from XYZ, whose principal offices are located in New Jersey. A New Jersey newspaper was the only print media outlet in which the advertisement was published. However, XYZ also placed the advertisement on the firm’s website. This website may be viewed by anyone with Internet access, regardless of the viewer’s geographic location. Where, in a geographic sense, may Wilson properly file and pursue her lawsuit against XYZ? Must Wilson pursue her case in a state court, or does she have the option of litigating in federal court? Assuming that Wilson files her case in state court, what strategic option may XYZ exercise if it acts promptly?
Because the federal courts only have limited jurisdiction, they can only consider cases that fall under federal law or the United States Constitution.
The required details for federal courts in given paragraph
Geographically, where can Wilson properly file and sue XYZ?
Wilson appears to be able to pursue his case in New Jersey, where the offices of the defendant's owners are located.
Depending on how well written the current long gun law is and whether constitutional principles of due process are followed, Wilson may be able to pursue the case in his home state of Illinois. functioning of the statutes of the long arm.
Does Wilson need to pursue his case in state court or does he have the option to sue in federal court?
Wilson would not sue in state court alone. Would he have the right to sue in federal court, a court of competent jurisdiction in the District of New Jersey or a court of competent jurisdiction in the District of Illinois see Discussion of personal jurisdiction of and application and application of long-arm statutes. The reason a federal court would be an option for Wilson is that it would meet the diversity requirements of civil jurisdiction (one of the forms of subject matter jurisdiction in a federal court). Wilson and XYZ are parties to different states and the dispute exceeds $75,000.
See an overview of the chapter on the diversity of jurisdictions.
Assuming Wilson takes the case to state court, what strategic option does XYZ have if it takes immediate action?
Assuming Wilson asks him to file a lawsuit in state court, XYZ has the option to take the case to federal court if XYZ takes prompt action. XYZ has the right to withdraw the case because it would be a case of concurrent jurisdiction - a case that was successfully brought in state court but could have been brought in federal court.
See section on concurrent jurisdiction and right of withdrawal.
To know about federal courts click here
https://brainly.com/question/25947870
#SPJ4
A restaurant plans to use a new food delivery service. The food delivery service charges $5. 48 for every 2 meals delivered, plus a $3. 50 service fee. What is the slope of this situation?.
Based on the amount the food delivery service charges for every 2 meals delivered, the slope of this situation is $2.74.
How to find the slope?The slope of a situation refers to the change in the dependent variable as a result of a unit change in the independent variable.
The independent variable in this situation is the number of meals delivered so the slope will be the amount that the food delivery service charges for every meal that they deliver.
You may get the slope of the line by determining the rise and the run using two of the line's points. The rise and the run are terms used to describe changes in height between two places. Rise divided by Run gives you the slope. Rise + Slope = Rise + run = slope.
To learn more about slope visit here:
brainly.com/question/29732769
#SPJ4
Practice all cards
A company's competitive strategy deals with
A company's competitive strategy deals exclusively with the specifics of management's game plan for competing successfully.
A company's simple definition is what?A corporate structure that has a separate legal identity from its owners is a company. Due to additional reporting requirements and more serious legal obligations, it is a complex corporate structure with greater setup and administrative costs.
Why is a business different from a company?The best way to think of a corporation is as a group of people carrying on business. A company must by definition include numerous persons having ownership stakes in the organization, even though a business might conceivably be managed by a single person.
To know more about Company visit:
brainly.com/question/29354835
#SPJ4
What are the three reasons why it is important to learn about personal finance?
It is important to learn about personal finance due to the 1) absence of "friction" in our spending and purchasing decisions 2) debt from student loans is rising 3)Bankruptcies are being filed by young adults.
Personal finance is an essential component of managing your current financial demands as well as future financial planning. Your long-term financial prospects for actions like investing or retirement planning will be greater the sooner you gain control over your personal finances.
Cash flow management is one of the most crucial (and obvious) facets of personal finance. It all comes down to how much money is being invested and where it is being spent. Before you can accomplish anything else with your money, it's imperative to have your cash flow under control.
To learn more about personal finance
https://brainly.com/question/28066148
#SPJ4
In general, an efficient working space allows for how many square feet per esthetician?
The workspaces are functional at (D) 120 to 150 square feet per esthetician.
What is an efficient working space?Efficiency is a metric used to gauge how much room people have to operate efficiently.
Utilization is a gauge of how frequently workers use certain areas.
Both are frequently used by facilities managers to gain a better knowledge of how employees interact with the workplace.
Having a clearly defined workspace makes it much simpler to concentrate on and complete the task at hand.
It aids in putting workers in the proper frame of mind for work.
This can be supported by a calm, laid-back office atmosphere, which can be created by altering the office layout.
The sizes of 120 to 150 square feet per esthetician allow for an effective workspace.
Therefore, the workspaces are functional at (D) 120 to 150 square feet per esthetician.
Know more about an efficient working space here:
https://brainly.com/question/10670572
#SPJ4
Correct question:
In general, an efficient working space allows for how many square feet per esthetician?
a) 50 to 60 square feet
b) 70 to 80 square feet
c) 90 to 100 square feet
d) 120 to 150 square feet
What are the point and nonpoint sources of water pollution?
Point sources of pollution originate from a single site and are simple to identify. Nonpoint-source pollution is more complex to detect and much more difficult to control.
Point sources of pollution are those that are located near water sources, whereas non-point sources are those that are dispersed and have no particular location. In point source pollution, There is a direct release of pollutants into bodies of water. Pollutants are easily dealt with in the water system before they reach the water bodies.
In Non-Point source pollution, Pollutants are released in numerous locations, away from water bodies. Pollutants are challenging to remove before they reach water bodies.
For additional information about Nonpoint-source pollution see:
https://brainly.com/question/1578512
#SPJ4
Why did the United States experience an economic downturn after World War I?
World War I's legacy of debt, protectionism and crippling reparations set the stage for a global economic disaster. In United States World War I's legacy of debt, protectionism and crippling reparations set the stage for a global economic disaster.
A significant chunk of the American continent is occupied by the United States of America, also referred to as the US or America. The United States is made up of 50 States, 9 Minor Outlying Islands, 5 Significant Unincorporated Territories, and 326 Indian Reservations. It is the third-largest country on earth in terms of total area and land.Several nations share its maritime borders, including Russia, Cuba, and the Bahamas. It is the most populated nation in the Americas and the third most populous nation worldwide with a population of more than 333 million. Washington, D.C., is the nation's capital city and financial hub.
Learn more about United State from
brainly.com/question/25713078
#SPJ4
a company's values statement and code of ethics
A company's values statement and code of ethics communicate expectations of how all company personnel should conduct themselves in the workplace.
What does a corporation mean?A group of people can come together to legally form a corporation to do business and run a commercial or industrial venture. Depending on its jurisdiction's corporate legislation, a corporation may be set up in a variety of ways for tax and financial liability reasons.
Can you call a business a person?Many of the same legal rights and obligations that apply to individuals also apply to businesses. They have legal authority to make agreements, lend and borrow money, file lawsuits, hire staff, possess property, and pay taxes. A company may be referred to as a "legal person" by some.
To know more about Company visit:
brainly.com/question/29354835
#SPJ4
A broad differentiation strategy improves profitability when:
When a product's higher price is greater than the additional costs of attaining the differentiation, a broad differentiation approach increases profitability.
When may differentiating yourself from the competition boost a company's profitability?3. Enhanced profit margins When products are improved and differentiated, there are greater opportunities for better profit margins. You might make more money with fewer sales, for instance, if your target market is ready to pay more for premium quality or better value.
How can product differentiation be leveraged to boost revenue?Through product differentiation, you can sometimes significantly raise your profitability. People will often pay more for durability, aesthetics, and customer service, so you may sell a distinct product for a greater price. Additionally, they will pay more for appealing packaging or an exciting experience.
To Know more about higher price
https://brainly.com/question/3161016
#SPJ4
What are the 3 benefits of trade?
Trade is essential to the prosperity of the United States because it boosts economic expansion, promotes domestic employment, raises living standards, and enables citizens to sustain their families with reasonably priced goods and services.
Elements influencing commerce:
Natural resource distribution is uneven.Economic and industrial growth stage.variations in climate.variations in population tradition.Transportation.government regulationsThrough commerce, nations can access commodities and services that might not otherwise be accessible domestically and grow their markets. Market competition has increased as a result of global trade. This ultimately leads to more competitive pricing, which lowers the cost of the final product for the consumer.
To know more about Factors affecting trade: https://brainly.com/question/18534440
#SPJ4
143 white shirts and 2 black shirts are 10 dollars per shirt. Which quantities in the advertisement represent a unit rate
The Quantity 10$ per shirt represent a unit rate.
What is meant by unit rate?Comparing a quantity to one unit of another quantity is done through a unit rate. Unit rates include calories per dish, miles per hour, and price per item. A unit rate cannot be determined by looking at the number of pages read in ten days.
A rate and a unit rate are two different ways of measuring something, but a rate is the ratio of two separate units of measure for two different things.
Total of 5 shirts .
which means total of 50 dollar among 5 shirts.
i.e.50/5=10 dollars .
Hence each shirt causes 10 dollars or 10$ per shirt.
The Quantity 10$ per shirt represent a unit rate.
The complete question is:
Which quantities in the advertisement represent a unit rate? 3 white shirts to 2 black shirts 2 black shirts for every 5 shirts $10 per shirt $50 per shirt.
To learn more about unit rate refer to:
https://brainly.com/question/19493296
#SPJ4
The scope of practice for board licensees is limited to beautification.a. Trueb. False
The scope of practice for board license is limited to beautification - True.
Define license?To do, use, or own something, you need a license from the government. A license is given by one party to another party as a component of their agreement. When a government license is required, an application must be submitted in order to get one.A license does not constitute the creation of an interest in the grantor's immovable property; rather, it is a personal right provided to someone to do something on the land.There are many different sorts of licenses, including exclusive and nonexclusive ones. In the license agreements, technical information is also conveyed.Making technical knowledge public would be a breach of the terms of the contract because the value of technical knowledge is in its anonymity and confidentiality.To learn more about license refer to:
https://brainly.com/question/26006107
#SPJ4
is contact lenses for a person who wears glass good or service
Contact lenses for a person who wears glass would be classified as a good.
What is a product?A product is sometimes referred to as a good and it can be defined as any physical object (tangible item) that is typically produced by a manufacturer, in order to satisfy and meet the demands, needs, or wants of every customer (persons or people).
In Business management, some examples of a product include the following:
Digital cameraRefrigeratorLaptop computerGlassSmartphones or Mobile phonesTelevisionContact lensesIn this context, we can reasonably infer and logically conclude that contact lenses are good examples of products because they are tangible and can be seen, touched, or felt by a customer.
Read more on a product here: brainly.com/question/24322139
#SPJ1
true or false : When comparing loans from two or more sources you want to focus on the lowest monthly payment.
The lowest monthly payment should be your main consideration when evaluating loans from two or more suppliers. The assertion is untrue.
What is meant by payment?Payment options include cash, checks, wire transfers, credit cards, debit cards, and even cryptocurrencies. Knowing how to pay. Cash can be used to make purchases in the current financial system. Money is a practical form of payment and is simple to store. It has facilitated business transactions. The term "payments system" refers to mechanisms that enable customers, companies, and other organisations to move funds typically stored in accounts at financial institutions—to one another.Payment is the exchange of money, products, or services for goods and services that are provided in acceptable quantities and that have been previously agreed upon by all parties.To learn more about payment, refer to:
https://brainly.com/question/25898631
#SPJ4
Why is it important to track your spending before creating a budget?
It is important to track spending before creating a budget to analyse where money is going and monitor progress
Tracking spending before creating a budget is essential as -
Accurate information: A person can determine exactly where their money is going by keeping track of their expenditures. Having this knowledge is essential for developing a practical budget.
Finding patterns: Keeping track of spending can help to find trends in spending patterns. This may include places where one could cut back to save money or where one might be overspending.
Monitoring progress: Tracking spending will allow a person to keep an eye on their financial progress and make any necessary corrections. This will ensure that a person stays on course and make the most of their financial resources.
Setting realistic goals: It might be challenging to set realistic financial goals if one doesn't have a good picture of their existing spending patterns. A person can determine what they can really afford to save or spend by keeping track of their spending.
Read more about the budget on:
https://brainly.com/question/26010226
#SPJ4
how saving account fits with time horizon retirement?
An investment time horizon, or just time horizon, is the period of time one expects to hold an investment until they need the money back. Time horizons are largely dictated by investment goals and strategies. For example, saving for a down payment on a house, for maybe two years, would be considered a short-term time horizon, while saving for college would be a medium-term time horizon, and investing for retirement, a long-term time horizon.
KEY TAKEAWAYS
Time horizons are periods where investments are held until they are needed.
Time horizons vary according to the investment goal, short or long.
Time horizons also vary according to the time by which you begin investing.
The longer the time horizon, the longer the power of compounding has to work.
Generally speaking, the longer the time horizon, the more aggressive an investor can be in their portfolio, and vice versa.An investment time horizon is the time period where one expects to hold an investment for a specific goal. Investments are generally broken down into two main categories: stocks (riskier) and bonds (less risky). The longer the time horizon, the more aggressive, or riskier, a portfolio an investor can build. The shorter the time horizon, the more conservative, or less risky, the portfolio the investor may want to adopt.
What is the best strategy to increase profits?
The best strategies to increase profits are reducing costs, increasing turnover, increasing productivity, and increasing efficiency.
For a business to grow and expand its activities, it must be profitable. Making money enables you to grow your operations internationally, buy another company, build new sites, and target new markets. Expanding your firm is done to boost revenues even more.
However, making a profit is not the only consideration when deciding whether to grow your company. Your management and back office team should be able to take on more work if you want to expand your company. You should develop a business plan for growth and examine the economic and trend elements that influence your industry.
To learn more about profits, visit the link below:
brainly.com/question/30091032
#SPJ4
What will the federal minimum wage be in 2022?
The federal minimum wage of $7.25 has remained unchanged since 2009, but since January 1, 2022, almost half of the countries have increased the minimum wage for hourly workers to compensate workers.
The state's minimum wage was last changed in 2008, raising it by $0.70 from $6.55 to $7.25.
The federal minimum hourly wage of $7.25 is the lowest hourly wage a non-exempt worker in the United States can earn for a job. The state minimum wage applies statewide and supersedes state laws providing lower minimum wage rates to ensure that the local minimum wage is at least $7.25 an hour in all states. The federal minimum wage was last updated in 2009. Federal employers may pay $7.25 an hour unless you or your occupation is specifically exempt from the minimum wage under state or federal law.
If you have any questions about the federal minimum wage, please contact us.
Employers in all states are required to prominently display approved federal minimum wage posters to inform workers of their minimum wage and employment rights under federal labor law.
Know more about minimum wage here:
https://brainly.com/question/13497238
#SPJ4
. Deriving the short-run supply curve Consider the competitive market for halogen lamps. The following graph shows the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves for a typical firm in the industry. 100 T 90 80 70 60 ATC 50 A 40 30 AVC 20 MCO 10 10 20 30 40 50 60 70 80 90 100 QUANTITY (Thousands of lamps)
The short-run supply curve is the MC curve above 40 thousand lamps.
What is Short run ?
The short run is a period of time in which at least one input is fixed, while other inputs are allowed to vary. In economics, the short run is generally defined as the period of time in which at least one input is fixed, but other inputs can be changed. This period of time is usually shorter than the long run, which is defined as the period of time in which all inputs are variable.
What does Variable mean?
A variable is a value or a reference to a data object that can be changed during the course of a program's execution. Variables are typically used to store data that can be manipulated by a program. Variables can also be used to store and manipulate the data output of a program.
The short-run supply curve is the marginal cost curve above the minimum point of the average total cost curve (the point at which the average variable cost and the average total cost curves intersect). The short-run supply curve is the MC curve above the point where ATC = AVC. This point is at a quantity of 40 thousand lamps. Therefore, the short-run supply curve is the MC curve above 40 thousand lamps.
To know more about Short run,
https://brainly.com/question/13029724
#SPJ4
All competitive markets involve which of the following?
A. quantity
B. supply
C. price
D. demand
E. government regulators
Every market with competition involves:
supplypricedemandquantityWhat does a competitive market mean in business?A market that is competitive is one where many producers compete with one another to satisfy the needs of many consumers. A single producer, a group of producers, a single consumer, or a group of consumers cannot dictate how the market operates in a market where there is competition.
What characteristics do markets that are competitive all share?A marketplace when there are several buyers and sellers and no single buyer or seller has a large impact on the market is referred to as a competitive market in economics. In markets that are competitive, there are no entry barriers, lots of buyers and sellers, and uniform products.
Learn more about competitive market: https://brainly.com/question/13894647
#SPJ4
When did British imperialism end in Egypt?
British imperialism in Egypt officially ended on February 28, 1922, when the British government issued a declaration recognizing the sovereignty of Egypt, although the British had a significant influence in the country until the mid-1950s.
The declaration was issued after a series of nationalist uprisings and the Wafd Party's win in the 1923 general election. The British government also agreed to withdraw its troops from the country, although it retained control of the Suez Canal and a number of other strategic sites.
In the following years, Egypt gained more autonomy, but the country remained under British influence until the 1956 Suez Crisis, after which the last British troops were withdrawn.
To learn more about Imperialism,
https://brainly.com/question/30236277
#SPJ4