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kotykmax [81]
2 years ago
7

Does a competitive firm’s price equal its marginal cost in the short run, in the long run, or both? explain.

Business
1 answer:
svlad2 [7]2 years ago
5 0

The price of a firm is equal to its marginal cost in both the short and long run. In both the short and long run, price equals marginal revenue. Firms should increase output as long as marginal revenue exceeds marginal cost, and reduce output if marginal revenue is less than marginal cost.

Revenue is the gross income derived from the sale of goods and services related to the company's main activities. Commercial income is also called sales or earnings. Some companies derive their income from interest, royalties, or other fees.

Revenue is the gross income a business generates from its core business, such as sales of products and services, property rentals, regular payments and interest on loans. Sales are calculated before deducting costs such as discounts and returns.

Learn more about revenue here:brainly.com/question/25623677
#SPJ4

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A company produces a single product. Variable production costs are $13.10 per unit and variable selling and administrative expen
nikitadnepr [17]

Answer:

Value of the ending inventory is $ 16,340

Explanation:

<em>The variable costing method is also known as the </em><em>marginal costing method,</em><em> under this method production units and inventories are valued using the variable cost per unit.</em>

Variable cost per unit = D. Material cost+ Direct labour cost + Variable Overhead

To value the closing inventory of the company, we follow the steps below:

Step 1

<em>Calculate the variable cost per unit</em>

= $13.10 + $4.10 = $17.2

Step 2

<em>Calculate the closing inventory</em>

Closing inventory = Opening Inventory + purchases - Sales

= 0 + 5,100 -4,150 = 950 units

Step 3

<em>Value the closing inventory</em>

= VC/unit × units

=   $17.2 × 950

= $ 16,340

Value of the ending inventory is $ 16,340

7 0
3 years ago
A new building is to be constructed for a company and a fast connection between client and server systems within the building sh
EastWind [94]

Options:

  • Category 6 cable runs for each network device with fiber optic feeds in/out of the buildings.
  • Numerous 802.11b wireless access points along with category 5 cable runs between hubs and buildings.  
  • Fiber Optic connections to all network device s, e.g. clients and servers.  
  • Coaxial cable to all devices on the network with a fiber-optic feed in/out of the office.

Answer:

<u>Category 6 cable runs for each network device with fiber optic feeds in/out of the buildings.</u>

<u>Explanation:</u>

Remember, we are told to consider the fact that the company has a medium-sized budgetary constraint, meaning we should pick an alternative networking component option that is cost-effective and yet serves the same purpose.

Since part of the requirements is that the networking components is a fast connection between client and server systems, a Category 6 (Cat6) cable has the ability to achieve speeds of up to 10 Gbps (Gigabyte per second). Meaning? it can meet the fast connection requirements at a reduced cost.

6 0
3 years ago
Suppose a consumer is trying to decide how much to spend on foodfood and how much to spend on all other ​(non-foodfood​) consump
elena55 [62]

Answer:

The answer is: A. choose the combination of food and ​non-food consumption that makes her as well off as possible from among the combinations of food and ​non-food items she can afford.

Explanation:

The economic model of consumer behavior states that an individual will consume the products or services that maximize his (or her) benefits and overall well-being while minimizing costs.

So this consumer should choose the combination of products (between food and non-food products) that maximize his well-being while having the lowest possible cost.

3 0
3 years ago
How can i make money quickly
USPshnik [31]
Get a job, get money & bam you got money
8 0
3 years ago
During 2018, Angel Corporation had 900,000 shares of common stock and 50,000 shares of 6% preferred stock outstanding. The prefe
AfilCa [17]

Answer:

$6.5 per share

Explanation:

Given that,

Net income = $6,000,000

Preferred dividend = $150,000

Weighted average number of common shares  = 900,000

Angel's Basic earnings per share:

[Net income - Preferred dividend ] ÷ Weighted average number of common shares

= [$6,000,000 - $150,000] ÷ 900,000

= 5,850,000 ÷ 900,000

= $6.5 per share

4 0
3 years ago
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