Gdbugufifudusks
At the output level at which the slopes of the total revenue and total cost curves are equal, provided the firm is covering its variable cost
$1.25.
Because for a perfectly competetive firm since the demand curve is perfectly elastic even a slightest price change doesnt add any further demand..so there is no change in marinal revenue also.Since revenue is demand multiplied with cost of unit..the two curves are same.
The MArket Demand Curve
Because of the price taking nature of the firm in the perfectly competitive market. The supply curve would be the portin of the (Marginal Cost Curve) that disects the (P=Ar=Mr curves). Som from that point up would be the supply curve, to produce below that point would not be beneficial to the establishment. Up sloping and equal to the portion of the marginal cost curve that lies above the average variable cost. The demand curve is also perfectly elastic, this too contributes to the fact.
At the output level at which the slopes of the total revenue and total cost curves are equal, provided the firm is covering its variable cost
$1.25.
blunt blow
Because for a perfectly competetive firm since the demand curve is perfectly elastic even a slightest price change doesnt add any further demand..so there is no change in marinal revenue also.Since revenue is demand multiplied with cost of unit..the two curves are same.
A linear line is one that is straight with no curves. A non-linear line would not be perfectly straight and can have many curves.
The MArket Demand Curve
Horizontal Alignment includes a straight path, curves, or deviation in a horizontal direction. Vertical Alignment includes vertical curves and gradients on the ground. But it is difficult to change the alignment once the road is constructed, so care has to be taken in finalizing the alignment.
waprage is distortion of elements when there is curvature the elements are not perfectly along the curves
Horizontal lines are straight curves that typically runs from left to right across the page, usually sharing the same y-coordinate. Horizontal lines are perpendicular to vertical lines.
Because of the price taking nature of the firm in the perfectly competitive market. The supply curve would be the portin of the (Marginal Cost Curve) that disects the (P=Ar=Mr curves). Som from that point up would be the supply curve, to produce below that point would not be beneficial to the establishment. Up sloping and equal to the portion of the marginal cost curve that lies above the average variable cost. The demand curve is also perfectly elastic, this too contributes to the fact.
[object Object]
The question is incomplete. No options are given (for which of the following) to answer the question. firms face downward-sloping curves