In the long run, if price is below the average variable cost, the perfect competitive firm should

Why can deadweight loss occur when a price is below the equilibrium even when some consumers benefit from it? Consumers will purchase more of the good at a price below equilibrium.

Jana buys a dress for $25.98 and a blouse for $14.99. The total sales tax is $2.46. a. What is the total cost of her purchase? b.

A reason that countries trade with each other is

Agency relationships are normally consensual, coming about through voluntary consent and agreement between the parties. a. True b. False

Snider Industries sells on terms of 2/10, net 45. Total sales for the year are $800,000. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 50 days after their purchases. Assume a 365-day year.

In which year were tobacco commercials banned from network television in the united states?

Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group of answer choices a. direct Maggie toward a job with more autonomy. b.

Consider this argument: "The kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. If the SWAT team assaults the farmhouse, the hostages could be killed.

Rent seeking is an attempt to A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated. B.

An Insurance company is a business in which it pays to the company if there is a loss, damage, treatments or injury for the payment of premium amount. It calculates the risks that has occurred and pays to compensate the premium amount.