Suppose a perfectly competitive firm faces the following situation: p = $9, output = 4,000, atc = $9, avc = $6, and mc = $9. which statement accurately describes the firm's and the market's situation? the firm incurs a normal profit; the market is in a long-run equilibrium. the firm incurs losses; the market is in the short run. the firm incurs economic profits; the market is in the short run. the firm incurs economic profits; the market is in a long-run equilibrium.

You want to make an investment in a continuously compounding account over a period of two years. what interest rate is required for your investment to double in that time period? round the logarithm value and the answer to the nearest tenth.

In its 2016 annual report, caterpillar inc. reported the following (in millions): 2016 2015 sales $38,537 $47,011 cost of goods sold 28,309 33,546 as a percentage of sales, did caterpillar's gross profit increase or decrease during 2016? select one: a. gross profit increased from 26.8% to 28.6% b. gross profit decreased from 28.6% to 26.5% c. gross profit increased from 71.4% to 73.2% d. gross profit decreased from 73.2% to 71.4% e. there is not enough information to answer the question.

Blank is the internal operation that arranges information resources to support business performance and outcomes