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kotykmax [81]
1 year 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]1 year 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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Athena Company provides employee health insurance that costs $15,100 per month. In addition, the company contributes an amount e
weqwewe [10]

Answer:

Debit to Employee Benefits Expense $21,140

Explanation:

Preparation of Athena Company entry to record the accrued benefits for the month

Using this formula

Accrued Expenses = Gross salary ×Percentage of the amount contributed+ Insurance cost

Let plug in the formula

Accrued Expenses= $151,000 × 0.04

= $6,040 + $15,100

= $21,140

Debit to Employee Benefits Expense $21,140.

Therefore the entry to record the accrued benefits for the month would include a: Debit to Employee Benefits Expense $21,140.

5 0
3 years ago
Tech giant, TimeHop was concerned about creating a workspace that was inviting and encouraged collaboration. Knowing that most o
nika2105 [10]

Answer:

The statement is TRUE. Time Hop was concerned with physical design

Explanation:

Tech giant, TimeHop was concerned about creating a workspace that was inviting and encouraged collaboration. Knowing that most of its employees would work odd hours, there was care taken to lighting choices and types of furniture. TimeHop was concerned with physical design.

The statement is true.

7 0
3 years ago
To create an indian flag as per the standard ratio​
adell [148]
Anwser - 3:2 I’m not sure if u still need help
5 0
3 years ago
As a consequence of the problem of scarcity:
lara31 [8.8K]

Answer:

The correct answer is letter "B": Individuals have to make choices from among alternatives.

Explanation:

Scarcity is the basic economic problem by which individuals have unlimited needs but count on limited resources to satisfy them. As a result, people must make trade-offs by which they sacrifice part of the satisfaction of one need to cover part of another need.

Scarcity pushes individuals to optimize the allocation of their resources to maximize the utility of the goods or services people use to satisfy their needs.

7 0
3 years ago
Find the principal P that must be invested at rate r, compounded monthly, so that $1,000,000 will be available for retirement in
astraxan [27]

Answer:

$224,174

Explanation:

Note : I have uploaded the full question below :

The Principle P that is required can be calculated from the given data though discounting future cash flows as follows :

FV = $1,000,000

r = 7½%

t = 20 × 12 = 240

P/yr = 12

Pmt = $0

PV = ?

Using a Financial Calculator to input the values as shown above, the PV would be $224,174 . Thus, the principal P that must be invested must be $224,174.

6 0
2 years ago
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