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Under what conditions will the government approve a merger?
When a company joins with another company or companies to form a single firm.
What is optimum firm?
An optimum firm s one that has favorable working conditions. This is a firm that has created a conducive work environment.
Distinguish between industry demand and firm demand?
Industry demand is subject to genera economic conditions. Firm demand is determined by economic conditions and competition
Should a firm continue to operate even when total revenue is not covering total cost?
Yes, if the firm is able to cover fixed costs and a portion of variable costs it should continue to operate. If it is not operating, it will still have its fixed costs but will not be able to cover it. So even if a firm is making losses, it is making less of a loss than if it were to temporarily shut down.
Explain why the MC curve can be considered to be the individual firm's supply curve under conditions of Perfect Competition can the whole length of MC be considered the supply curve Whywhy not?
if the MC=Price, the firm got the maximum profit. that's what they want.
What is the impact of high gearing?
It leaves the firm vulnerable in poor trading conditions.
Under what circumstances a partnership can come to an end?
Partnership can come to an end by the following reasons. If they mentioned the validity to be a partner in the firm, under the partners mutual willingness to terminate himself from de partnership and if any partner misbehavied in a firm others can revoke that partner from the firm
Can nri become partner in a partnership firm?
Yes, subject to fulfiiiment of certain conditions
Why do firms want to know their average total cost?
Average total cost determines how much profit or loss a firm will make at a certain output and price. It also determines is a firm should shut down, temporarily stopping production (not covering variable costs) but keeping the business (covering fixed costs), or if it should exit the market (not covering variable or fixed costs).
There is a small firm lump under my skin at the base of my penis?
A small firm lump under your skin at the base of your penis could be a cyst, but this should be confirmed with a doctor.
What do you mean by disolution of a firm?
The winding up, closing down of a firm, dealing with all outstanding affairs etc.
What benefits do lawyers working in a legal firm get?
Lawyers working in a legal firm get the advantage of working with an established firm. New firm Lawyers also get the chance to work under an experienced lawyer as a sort of mentorship.
