Answer:
The correct answer is option A.
Explanation:
A perfectly competitive market has large number of sellers producing homogenous products. As a result, no single firm is able to affect the price level. So all the firms have their individual demand curves as a horizontal line at the price level.
This demand curve also represents marginal revenue. The firm is able to maximize profit when the price and marginal revenue is equal to the marginal cost.
Here, the revenue earned from the last unit of product is equal to the cot incurred in producing the last unit.
Answer: (2) Friction unemployment
Explanation:
The friction unemployment is one of the type of unemployment in which the employees or workers are jobless and they are searching for the healthy and good economy.
It is also known as the searching unemployment process as it is differentiated from all the other types of unemployment. The following are the types of friction unemployment are as follows:
- Cyclical unemployment
- Structural unemployment
According to the given question, the friction unemployment is one of the development computerized job process in which the employees search the job on the basis of employee interest.
Therefore Option (2) is correct answer.
Pam is pursuing a market penetration strategy.
It is one of the four alternative growth strategies in the Ansoff Matrix. It is focused on selling the existing products or services in the existing markets to have a higher market share. The main goal of the market penetration strategy is to launch a product, also used to measure the product if it is doing well in the market.
Answer:
$384,200
operating costs that are shown on the income statement in the period in which they are incurred
Explanation:
The computation is shown below:
For conversion cost
= Direct labor + Factory overhead
= $196,300 + $187,900
= $384,200
The conversion cost records the combination of both the direct labor and the factory overhead
And, the period cost is that cost which includes the major portion of the selling and administrative expense plus it would be recognized with the passage of time
