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The marginal revenue curve of a purely competitive firm is ___________. 

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Darryn D'Souza
Darryn D'SouzaLv10
9 Dec 2020

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Total surplus is the sum of​ _____ and​ _____.

a. total​ revenue; total cost

b. consumer​ surplus; producer surplus

c. marginal​ revenue; marginal benefit.

d. marginal​ benefit; marginal cost

 

 

How can producers maximize their profit? check all that apply.

a. They can work to increase their marginal cost.

b. They can work to decrease their marginal cost.

c. They can raise prices to increase marginal revenue.

d. The can lower prices to decrease marginal revenue.

e. They can keep marginal costs below marginal revenues. They can keep marginal revenues below marginal costs.

 

On November 1, 2014, Ross Corporation, a calandar-year U.S.Corporation, invested in a purely
?speculative contact to purchase 1 million euros on January 30,2015, from Trattoria Company, an
?Italian borkerage firm. Ross agreed to purchase 1,000,000 eurosfrom Trattoria at a fixed price of
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?Net settlement is not permitted. The spot rates for eurosare:

?Nov 01, 2014 1 euro-$1.415
?Dec 31, 2014 1 euro-$1.395
?Jan 30, 2015 1 euro-$1.410

?The 30 day future rate for euros on December 31, 2014 was $1.405.Prepare the General Journal entries that
?Ross would record on November 1, December 31, and January30.

?Please help me. Thank you!

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