Answer:
d
Explanation:
Unfortunately cutting or reducing production, or reengineering at all.
A company that operates over the long term in a perfectly competitive market is compelled by competition to change its scale of operation until average cost is minimized.
More about perfectly competitive market:
In a market structure known as perfect competition, numerous businesses sell comparable goods while making almost little profit because of the intense competition.
A market that is perfectly competitive is one in which all enterprises sell the same good and where there are no barriers to entry or leave. The existence of several enterprises and the homogeneity and uniformity of the products are essential elements of perfect competition.
Learn more about perfect competition here:
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Answer:
This situation would cause a 2015 deferred tax amount of $900
Explanation:
Deferred tax liability: It is a liability which shows a difference between taxable income and the accounting earnings available before taxes.
In mathematically,
Deferred tax liability = Taxable income - accounting earnings available before taxes
In this question, we multiply the revenue item by an income tax rate
In mathematically,
= Revenue item × income tax rate
= $3,000 × 30%
= $900
Hence, this situation would cause a 2015 deferred tax amount of $900
<u>Solution and Explanation:</u>
The Price and the Quality
For selection of vendor for the Nori, the prioritized factors are Quality and Price.
Quality is the essential factor for the product and without adequate quality, the product cannot survived in the market. hence quality of the product is of higher priority.
Price is the key element for vendor selection, as it is the base on which the decision of the suplier is being made. Price decides the business viability and it develops the platform for the business. So price is of higher priority factor for the vendor selection for the Nori product.
Answer:
C: Supply curve will shift downward by $20, and the price paid by buyers will decrease by $20.
Explanation:
If tax is imposed on the buyer, it will impact the amount of tickets demanded by the people and ultimately the supply of tickets. So, If tax is reduced by $20, demand for tickets and supply will increase because now buyers have to pay $20 less for every ticket they buy.
