a perfectly competitive firm will be profitable if price at the profit-maximizing quantity is above:

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Answer 1

A perfectly competitive firm will be profitable if the price at the profit-maximizing quantity is above its average total cost (ATC) of production.

The firm's profit is maximized where marginal cost (MC) equals marginal revenue (MR), and this level of output is chosen as long as the price is higher than the average total cost of production (P > ATC). If the price is equal to the firm's average total cost (P = ATC), then the firm is breaking even, producing at its minimum efficient scale (MES), and earning zero economic profit. If the price is below the firm's average total cost (P < ATC), then the firm is operating at a loss and should consider exiting the market in the long run to avoid further losses.

Therefore, the price at the profit-maximizing quantity for a perfectly competitive firm must be above its average total cost of production to earn a positive economic profit in the short run.

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Related Questions

TRUE OR FALSE in order for a film to be classified as a documentary, it cannot contain any statements of opinion, only facts

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Trueeeeeeeeeeeeeeeeee

on what part of the face was a female moai tatooed

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Answer:

Chin

Explanation:

Represents leadership

Why is Michelangelo’s David considered a masterpiece?

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Answer:

Symbol of Strength and beauty

Explanation:

David is now one of the most renowned masterpieces of Renaissance sculpture and is considered a symbol of strength and beauty.

Your classmates are listing animals that were seen on the cave paintings found in the Lascaux Cave. However, several of the animals they are listing are incorrect. Of the animals they stated, which animal was MOST LIKELY found painted in the cave?

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The "the caverns at Lascaux" collection of works contains one of the most famous cave art collections, the Hall of the Bulls.

Which animals are depicted in the cave paintings at Lascaux?

Although there is one depiction of a human (paintings of humans in Paleolithic art are extremely uncommon; sculpted human forms are more common), the majority of the paintings show animals that can be found in the area, including horses, bison, mammoths, ibex, aurochs, deer, lions, bears, and wolves.

What may we infer from the Lascaux cave paintings?

The southeast France cave paintings at Lascaux show the subject matter and style of many of our ancestors' first artistic undertakings. Archaeologists view these and other Ice Period rock art discoveries as evidence of the emergence of a new, distinctively human consciousness.

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king appeals to emotions throughout this speech. provide at least three examples of ways in which he does so.

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Dr. Martin Luther King Jr. was a master at using emotional appeals to move his audience and inspire them to action.

In his famous "I Have a Dream" speech, he employs various techniques to evoke strong emotional responses from his listeners. Here are three examples of how he appeals to emotions in his speech:

Imagery: King uses vivid imagery to paint a picture of the reality of racial injustice in America. For instance, he talks about "the sweltering summer of the Negro's legitimate discontent" and how black people are "languishing in the corners of American society." These descriptions evoke feelings of anger, frustration, and helplessness, which can motivate his audience to take action.

Repetition: King repeats certain phrases throughout his speech to emphasize his points and to create a sense of unity among his listeners. For example, he repeats the phrase "I have a dream" several times, which helps to build momentum and excitement. He also repeats the phrase "Let freedom ring" at the end of each stanza, which creates a powerful and emotional refrain that inspires his listeners to action.

Personal anecdotes: King uses personal anecdotes to connect with his audience on a deeper emotional level. He talks about his own experiences with racism and discrimination, which helps his listeners to empathize with him and to feel a sense of solidarity with him. For instance, he says, "I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character." This personal story is a powerful emotional appeal that inspires his listeners to work towards creating a better future for all.

In conclusion, Martin Luther King Jr. was a skilled orator who knew how to appeal to the emotions of his audience. By using vivid imagery, repetition, and personal anecdotes, he was able to move and inspire his listeners to action.

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How does Michelangelo’s David stylistically fit within the context of the renaissance?

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Answer:

Michelangelo's David is a masterpiece of Renaissance sculpture, created between 1501 and 1504. The statue reflects the Renaissance's focus on classical ideals of harmony, proportion, and beauty, as well as the revival of ancient Greek and Roman art. It also embodies humanist values, celebrating the individual and human potential. The statue's contrapposto pose, attention to detail, and depiction of the human form are all key stylistic elements that make it a quintessential example of Renaissance art.

Explanation:

Michelangelo's David is considered one of the masterpieces of the Italian Renaissance, and it represents the perfect example of Renaissance sculpture. The statue depicts David, the biblical hero who defeated the giant Goliath, standing in a contrapposto pose, with one leg bearing the weight of the body while the other leg is relaxed. The sculpture was created between 1501 and 1504 and is made of marble.

Stylistically, Michelangelo's David reflects the ideals of the Renaissance in several ways. Firstly, the statue embodies the classical ideals of harmony, proportion, and idealized beauty that were central to the art of ancient Greece and Rome. The figure's musculature is meticulously rendered, and the pose creates a sense of naturalism and movement. The attention to detail, such as the veins on David's hands and feet, highlights Michelangelo's skill in capturing the human form.

Secondly, Michelangelo's David demonstrates the Renaissance interest in reviving the art of ancient Rome and Greece. The statue's contrapposto pose is borrowed from ancient Greek sculpture, and the drapery of the figure's clothing is also inspired by ancient models. However, Michelangelo's David is not simply an imitation of classical art, but rather a fusion of classical ideals and the artist's own interpretation.

Finally, Michelangelo's David reflects the humanist values that were central to the Renaissance. The figure embodies the ideal of the individual, with his heroic pose and expression of determination. The statue celebrates the human form and the potential of human achievement, which was a central theme of Renaissance art.

Overall, Michelangelo's David stylistically fits within the context of the Renaissance by embodying the ideals of classical art, reviving ancient techniques, and celebrating humanist values.

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