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2 years ago

In the , the perfectly competitive firm will react to profits by

Business

1 answer:

ElenaW [278]2 years ago

8 0

In the long run, perfectly competitive firms will react to profits by increasing production.

Firms in a perfectly competitive world earn zero profit in the long run. While firms can earn accounting profits in the long run, they cannot earn economic profits.

In the long run, perfectly competitive firms will react to profits by decreasing production. CORRECT: In the long run, perfectly competitive firms will respond to losses by exiting the market. In the long run, perfectly competitive firms will respond to losses by reducing production.

A perfectly competitive market achieves long‐run equilibrium when all firms are earning zero economic profits and when the number of firms in the market is not changing.

In the long run, profits and losses are eliminated because an infinite number of firms are producing infinitely divisible, homogeneous products. Firms experience no barriers to entry and all consumers have perfect information.

Learn more about a perfectly competitive firm here: brainly.com/question/25327136

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After three years Remington or $390 and simple interest from a CD into which she initially deposited $4000 what was the annual i

Nataly [62]

The annual interest will be calculated as under -

Given, total simple interest for 3 years = $ 390

Principal amount = $ 4000

Interest in total for 3 years = $ 390 ÷ $ 4000 × 100 = 9.75%

Interest for 1 years = 9.75 % ÷ 3 = 3.25%

7 0

3 years ago

Rx Corp. stock was $60.00 per share at the end of last year. Since then, it paid a $1.00 per share dividend last year. The stock

Aleksandr-060686 [28]

Answer:

Percentage Return = 5.83%

Explanation:

Given data:

per share cost =$60.00

dividend $1.00 per share

stock price $62.50

total number of share = 400

WE know that return is given as

Return = (Ending Value - ( Beginning Value + Income)

where,

Ending value = stock price* number of shares

Beginning value = per share cost * number of shares

income = dividend* number of shares,

so we have return value

= ($62.50 x 400) - ($60.00 x 400 + $1.00 x 400) = $1400

$Percentage\ Return = \frac{1400}{60 x 400}$

Percentage Return = .0583

Percentage Return = 5.83%

3 0

3 years ago

True or False. A post-closing trial balance is a list of all accounts and their balances after we have updated account balances

kotegsom [21]

Answer:

True

Explanation:

There are two columns in the trial balance, namely columns of debits and columns of credits. It is always important to balance the total debit and credit columns. The debit columns reflect assets and expenses side while sales, stockholder equity, and the liability side are listed in the credit column.

After passing the adjusting entries, the account balances are updated which we called a post-closing trial balance

So, the given statement is true

7 0

3 years ago

Lopez Corporation incurred the following costs while manufacturing its product Materials used in product Depreciation on plant P

kirill [66]

Answer:

The missing data of this question is reproduced as follows;

Materials Used 128,900

Depreciation on plant 63,400

Property taxes on store 8,280

Labor cost of assembly workers 114,800

Factory supplies used 32,100

Advertising expense 55,800

Property taxes on plant 23,100

Delivery expense 24,800

Sales commission 43,600

Salaries paid to sales clerk; 60,400

Explanation:

Cost of Goods Manufactured

Materials Used 128,900

Depreciation on plant 63,400

Property taxes on plant 23,100

Labor cost of assembly workers 114,800

Factory supplies used 32,100

WIP Beginning 14,200

Less;WIP closing (16,900)

Cost of Goods Manufactured 359,600

Cost of Goods Sold

Opening Finished Goods 63,300

Cost of goods manufactured 359,600

Less; Closing Fininsed goods (48,200)

Cost of Goods Sold 374,700

5 0

3 years ago

Which situation best illustrates the concept of scarcity?

White raven [17]

Answer:

a person buying a used car due to limited income

8 0

3 years ago

In the ________, the perfectly competitive firm will react to profits by ________

In the , the perfectly competitive firm will react to profits by