Answer: No.
Explanation:
This is a Perfectly Competitive market and that means that you are a price taker who maximises output at a point where Marginal Revenue equals Marginal Cost ( MR = MC). As costs have gone up, it simply means that for the conditions to be satisfied, you need to produce less at the factory in Connecticut.
That does not mean that you have to produce more at the Massachusetts plant because it is already producing at capacity and increasing the marginal cost would violate the MR=MC rule as you have no control over the price so you cannot change Marginal Revenue. It is therefore better to keep the production level at the Massachusetts plant unchanged.
Answer:
C. The situation involving the service establishment has a probability 3.11 percentage points higher than the situation involving the retail establishment.
The answer is B if that is the correct one
Answer:
Cash (Debit) $2,000
Sales (Credit) $2,000
Cost of Merchandise Sold (Debit) $1,250
Merchandise Inventory (Credit) $1,250
Explanation:
Cash (Debit): Cash increase because it is a Cash Sale, cash increases by debit.
Sales (Credit): to register the sale, Sales(income) increases by credit
.
Cost of Merchandise Sold (Debit): to record the cost of the merchandise sold, the costs increase by debit.
Merchandise Inventory (Credit): to record the inventory output of the merchandise sold, inventory decreases by credit.
Answer:
Nominal annual rate of interest(r) = 2.5% (Approx)
Explanation:
Given:
Present value (P) = $1,200
Future value (F) = $1,618.62.
Number of year = 1year = 12 months
Find:
Nominal annual rate of interest(r)
Computation:
Nominal annual rate of interest(r) = ![\sqrt[12]{\frac{1,618.62}{1,200} }-1](https://tex.z-dn.net/?f=%5Csqrt%5B12%5D%7B%5Cfrac%7B1%2C618.62%7D%7B1%2C200%7D%20%7D-1)
Nominal annual rate of interest(r) = ![\sqrt[12]{1.34885}-1](https://tex.z-dn.net/?f=%5Csqrt%5B12%5D%7B1.34885%7D-1)
Nominal annual rate of interest(r) = 0.02525
Nominal annual rate of interest(r) = 2.5% (Approx)
