Answer:
Depreciation: $4,000.00
Variable costs : $914.81
Explanation:
The value of the car when new = $19,860.00
Values after two years =$11,860.00
Accumulated depreciation for two years
= $19,860.00 - $11,860.00
=$8,000.00
Assuming straight depreciation method, depreciation each of the two years
=$8,000.00/2
=$4,000.00
Variable costs are the cost that changes with usages. In this case, variable costs are gas and oil, lube, and miscellaneous.
Variable costs = $845.96 + $68.85
Variable costs = $914.81
Answer:
4-Firm Concentration ratio = 20%
Explanation:
Each firm has equal share
That means 100% share of the industry is divided equally among the 20 firm
Share of 1 firm = 100/20 = 5%
4-Firm Concentration ratio = Share of 1 firm * Number of firm
4-Firm Concentration ratio = 0.05 * 4
4-Firm Concentration ratio = 0.2
4-Firm Concentration ratio = 20%
Answer:
TRUE
Explanation:
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
In the short run, the firm would continue to operate if its revenue covers variable cost. if it doesn't it would shut down.
Answer:
Price decreases and demand increases
Explanation:
After achieving a required profit, stores usually start to sell their products on sale. A sale is an opportunity for the buyers to buy goods and services at low prices. Price and demand have an inverse relationship, that is why, on sale, the price decreases and moves the point down, whereas, the increase in the demand moves the point up.
The correct answer is; She needs to keep out the part about her current coworkers in her resume to potential employers.
Further Explanation:
After researching this question, I have found the part that is missing. Elena is writing a resume and in the resume she stated the reason for leaving her current job and wanting a new one is "To gain more responsibility and to be better rewarded. I would also prefer to work with people who are more friendly and sociable than the people I currently work with.
" The question is "What do you think of the resume?"
The resume is a good one, but she should not put in the part about her coworkers and that she would want to work with people more friendly and sociable. Since a job is not meant to be a place to find friends and be sociable, this will look bad on Elena's resume and may put off prospective employers. She needs to keep the part about being rewarded in a better way and to gain more responsibility.
Learn more about how to write a resume at brainly.com/question/3927519
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