Assume that apples are produced in a perfectly competitive market. Grande’s Orchard is a typical firm that grows and sells apples. Currently, Grande earns zero economic profit, and the market price of apples is $10 per bushel.
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The demand curve will be fixed at the market price and this implies that the demand for the firm will be horizontal at $10.
A perfectly completive market simply means the market where all the firms that are in the market sell identical products. Also, the firms are price takers as they cannot influence the market price.
From the complete question, the demand curve will be fixed at the market price and this means that the demand for the firm will be horizontal or flat at $10. Also, Grande earns zero economic profit and this implies that the average total cost will have its minimum value that's equal to $10.
In conclusion, the marginal cost curve will slope up and then meet the demand curve at P = $10.
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Related Questions
what are the four common biases identified by the iaasb that prevent good criticial thinking?
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The four common bias includes Confirmation, Availability, Overconfidence and Anchoring bias.
IAASB refers to the International Auditing and Assurance Standards Board.
The 4 common biases identified by IAASB includes:
Confirmation bias: This refers to the tendency for decisions makers to estimate evidence in ways that support preexisting faith or expectations.Availability bias: This bias happens when a person decisions are unduly influenced by information that is most memorable or easily accessible. Overconfidence bias: This bias occurs when person place more expectation on their abilities to perform activity or make accurate decisions.Anchoring bias: This is a bias that made someone to believe deeply based on the first piece of information we are given about a topic.Read more about the this here
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beacuse a gas has no defintie volume or shape in what way does it take up space
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Answer: Well Why does a gas have no definite shape and no definite volume? Because its shape and volume always change. The molecules that make up gas are very energetic and are very far apart compared to the molecules in a solid or a liquid. Because a gas is conceived to occupy WHATEVER volume is available to it:)
Explanation:
Name the six languages used by UN?
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episodic memory is the memory system that holds what kind of information?
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Explanation:
holds information of particular events, their time, and their place
which types of institutions award associate degrees?
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For land use, explain how a river is used for economics and recreation
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nima excels at working with numbers in subjects such as calculus and algebra. this exemplifies ________ intelligence from the multiple intelligences theory.
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Since Nima loves working with numbers especially on calculus and algebra it exemplifies the logical-mathematical multiple intelligence theory.
The logical and the mathematical intelligence has to do with the ability to analyze problems and different situations in a logical manner.
It is very helpful while conducting scientific research and also to solve mathematical and logical problems too.
This is one of the eight intelligence types that was proposed by the psychologist called Howard Gardner
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which type of membership is open to former active members and other ffa supporters?
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According to British sociologist and biologist ____________________________, Charles Darwin's theories of evolution meant that the fittest in society would demonstrate their superiority through economic success, while state welfare and private charity would encourage survival of the weak.
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The theory by Charles Darwin about the survival of the strong and the elimination of the weak is known as:
Natural selectionAccording to Charles Darwin, he believed that in any given ecology or habitat, there exists some animals or organisms which are stronger than others and are able to adapt better than others.
As a result of this, he opined that the strongest would always survive the perils of nature and thrive and their species would live on, while the weaker ones who cannot adapt, would be systematically wiped off
Therefore, the correct answer is Natural selection
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which of the following is an economic system in which economic decisions are made according to social roles and culture?
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Answer:Traditional economy
Explanation:
Traditional economy
where was guerilla warfare used? (PLEASE HELP)
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Answer: Guerilla warfare was used by the forces of the Boer republics in the First and Second Boer Wars in South Africa (1880–1881; 1899–1902) against the invading British Army.
describe poverty trends in India since 1973?
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why were the charters of the virginia company of london important?
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Answer:
The charter let settlers have the same liberties and rights as the Englishmen in England.
How did cultural exchanges and the work of Islamic scholars produce lasting achievements
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Answer:
intermarriage
Explanation:
there were intermarriage between the muslims and other culture
which opera singer left her husband for aristotle onassis, who in turn left her to marry jacqueline kennedy?
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Answer:
Maria Callas (1923-1977) was a Greek soprano and one of the most controversial opera singers of the 20th century. She had voice of great range and power, earning her the nickname 'La Divina' (The Divine One).
Explanation:
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what should you do if you suspect spillage has occurred
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When there is a spillage, as a well meaning citizen or a patriot, you are expected to swiftly inform the necessary concerned agency for the safety of lives and properties weather or not the fluid in question is flammable or not
Let us talk about spillage from the context of oil Spillage or Liquid When there is spillage, it means there is an escape of substance, from the normal way it was designed to flow or go.
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Please answer correctly and I’ll give brainliest!!
The Fundamental Orders of Connecticut established which political principle
in the Connecticut colony?
A The English king had final authority over all colonial citizers.
B. Slavery and indentured servitude were immoral and legal in the
colonies.
C. The colonial government had a duty to protect individual rights
D. Colonial religious leaders should be entrusted with political power
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I think it is C because they established power and limits in the government I apologize if it isnt !!
what is the term for comparing your current progress toward a goal to that goal in order to determine effort allocation?
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The term for comparing your current progress toward a goal to determine effort allocation is the Goal Feedback Calibration Process.
A Goal Feedback Calibration Process enables individuals or organizations to measure the goals they set against their current goal achievement.
This process assists the individuals or firms in aligning goals within the group.
It also helps individuals or firms to determine the efforts allocation against the goals set.
Hence, in this case, it is concluded that the correct answer is Goal Feedback Calibration Process.
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2 kasingkahulugan ng ligaw
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Answer:
feral, savage.
Explanation: In Filipino: ligaw, ganid.
how old do you have to be to get a piercing without parental consent
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Answer:
18
Explanation:
No body piercing except for ear piercings may be performed on a minor under the age of 18 without a parent or guardian being present or providing notarized approval for their child to get a specific piercing.
Cause and effect: cause- lumber was in short supply because of a lack of trees and it was expensive to ship wood. Effect-
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Answer:Throughout the OVID-19 pandemic, the United States has experienced shortages of medical materials, manufacturing products and even consumer goods like toilet paper and hand sanitizer. Now a lumber shortage is gripping the country, causing prices to skyrocket.
Lumber prices hit an all-time high of $1,686 per thousand board feet this month, an increase of 406% from the $333 it was trading at the same time last year. As a result, the price of a new single-family home has increased by nearly $36,000, according to the National Association of Home Builders.
We spoke with Robert Bardon, a professor of forestry and environmental resources and associate dean for extension at the College of Natural Resources, to find out what is causing the lumber shortage and to discuss the importance of lumber to the economy. Here’s what we found out.
What is causing the lumber shortage and price surge?
The lack of lumber available in stores is less to do with a shortage of trees or, even lumber production. What is driving the increase in lumber prices are recent convergence of Canadian lumber tariffs, increase in demand for home remodeling and building of homes brought on by the pandemic, and hiccups in supply related to transportation.
At the beginning of the pandemic demand for lumber was slightly down and mill inventories were down, but in the spring of last year we saw people move on home improvement projects, purchase a home or build a new home, causing an increase in demand for lumber.
The industry, impacted by the pandemic, had to adjust their operations, which at first slowed production, resulting in less supply. The lack of transportation to move the lumber from the mills to the dealers is also playing a role in increasing lumber prices. The pandemic reduced the number of drivers and impacted rail transportation, making it difficult for mills to ship lumber to the dealers.
When is the lumber shortage likely to end?
As we come out of the pandemic we should see lumber prices drop to more normal levels, similar to what we saw before the pandemic. This will be most likely due to an increase in available supply as we overcome transportation issues and mills continue to produce lumber.
Have similar lumber shortages occurred in the past?
I am unaware of similar surges in lumber prices like the ones we’re seeing now.
Why is lumber important to the economy, especially in North Carolina?
The production of lumber is important to North Carolina’s economy, in that lumber production is part of the forest sector, which is a major contributor to North Carolina’s economic well-being. In 2019, the forest sector in North Carolina contributed $34.9 billion in industry output to the North Carolina economy, supporting more than 148,000 full-time and part-time jobs with a payroll of about $8.4 billion. The forest sector continues to be the top employer among manufacturing sectors in the state.
Can you explain the supply chain cycle for lumber?
In North Carolina, forest covers about 18.1 million acres of land, which is approximately 58 percent of North Carolina’s land area. Ownership of these forest can be divided into three ownership groups: Non-industrial private ownership, which owns 75% of the forest; governmental ownerships, which own 18% of the forest; and private industry ownerships, which own 7% of the forest. It is the private ownerships in which over 95% of the timber is harvested.
Of the timber harvested approximately 43% is harvested for producing lumber. The remaining timber harvested is used in making other value-added products, such as paper, veneer, composites, and bioenergy. A typical supply chain cycle involves the timber owner, the buyer, the logger and the mill. The timber owner may sell the timber by themself, or they may seek the assistance of a consulting forester. The timber is sold either through a lump sum sale process or on a per unit bases, depending on the sale conditions.
Sale notices are sent to potential timber buyers, who may work directly for the mill or maybe independent. Once a timber buyer purchases the trees they then line up a logger to harvest the trees. As the logger harvest the trees they are brought to an area in the forest where the trees are processed into logs and are sorted based on the products they can produced. The logs are sorted and loaded on to trucks to be shipped to the mill to be processed into value-added products such as lumber.
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Explanation:t this is all you need
Click this link to view O*NET’s Skills section for Heating and Air Conditioning Mechanics and Installers. Note that common skills are listed toward the top, and less common skills are listed toward the bottom. According to O*NET, what are common skills Heating and Air Conditioning Mechanics and Installers need? Select four options.
management of financial resources
installation
troubleshooting
equipment maintenance
repairing
science
Answers
Answer: B C D E
Explanation:
Answer:
B,C,D,E
Explanation:
jodi is travelling to san francisco for a conference. she has stored her powerpoint slides on microsoft’s web app. what could be of concern to her while presenting her slides?
Answers
A poor internet connection could be of great concern to her while presenting her slides.
The key-point we should understand here thet the Power-point Slides on Microsoft’s web app is different from the Microsoft Power-point.
The Microsoft Power-point does not requires the use of Internet to present the stored and organized slides on the computer while the Power-point Slides on Microsoft’s web app requires the use of Internet because it is been stored on Web-Cloud.
Therefore, in conclusion, what could be of concern to her while presenting her slides on the Microsoft’s web app is poor internet connection.
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what is socialization write any five characteristics of socialization
Answers
Answer:
Here is the answer under the explanation:-
Explanation:
The act of adapting behavior to the norms of a culture or society is called socialization. Socialization can also mean going out and meeting people or hanging out with friends.
1. Inculcates basic discipline: Socialisation inculcates basic discipline. ...
2. Helps to control human behaviour: ...
3. Socialisation is rapid if there is more humanity among the- agencies of socialisation: ...
4. Socialisation takes place formally and informally: ...
5. Socialisation is continuous process:
what is folk tune ?
what is child right?
what is topography?
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Answer:
1.
a folk tune
Folk music is a music genre that includes traditional folk music and the contemporary genre that evolved from the former during the 20th-century folk revival. Some types of folk music may be called world music.
2.the childs right is
Children's rights are a subset of human rights with particular attention to the rights of special protection and care afforded to minors.
3.topogrhapy is
the arrangement of the natural and artificial physical features of an area.
"the topography of the island"
a detailed description or representation on a map of the natural and artificial features of an area.
plural noun: topographies
ANATOMY•BIOLOGY
the distribution of parts or features on the surface of or within an organ or organism.
A mineral used in many e-devices is ... Question 3 options: copper gold both A and B
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to what extent can a damaged brain reorganize itself
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Answer:
A damaged brain can reorganize itself to a large extent.
Explanation:
This was illustrated by the case of Phineas Gage who was an American man who lost a large part of his frontal lobe to a traumatic brain injury but managed to survive for over 12 years after that.
Neuroplasticity: The brain's ability to reorganize itself by forming new neural connections throughout life. ... For example, if one hemisphere of the brain is damaged, the intact hemisphere may take over some of its functions.
Answer:
other will pick up many of its functions.
what does this transformation refer to,
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Answer:
B. personal or social change over time
Answer:
D To persuade, inform or entertain
write the relation different individuals and society.
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Explanation:
The relation between individual and society is very close. ... The individual lives and acts within society but society is nothing, in spite of the combination of individuals for cooperative effort. On the other hand, society exists to serve individuals―not the other way around. Human life and society almost go together.
Thirty students who failed the state writing exam were placed in a class in which they received additional tutoring. After completing the class, all 30 students retook the exam and earned higher scores. Their success was attributed to the effectiveness of class curriculum. Which source of internal invalidity has not been considered
Answers
The source of internal invalidity that has not been considered is "Statistical Regression."
This is because statistical regression as a source of internal invalidity suggests that when the initial study reveals a huge or low extent of the dependent variable, any change tends to show a different result, affecting the study conclusion.
In this case, the researcher can't be definite about the effectiveness of the class curriculum since all the thirty students that failed initially passed the second time.
Hence, in this case, it is concluded that the correct answer is Statistical regression.
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