3. The condition of short run equilibrium under perfect
competition is
A. MC=MR
<...
Business, 21.12.2021 14:00 ceceshelby646
3. The condition of short run equilibrium under perfect
competition is
A. MC=MR
B. AC=MR
C. AC=AR
D. MR>MC
Answers: 2
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An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)
Answers: 1
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Answers: 2
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As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.
Answers: 2
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