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2 years ago

Regardless of quantity in long-run equilibrium, the industry price cannot exceed the?

1 answer:

Crank2 years ago

3 0

An extremely large number of vendors, each of whom makes a comparable or same product, make up a competitive market. The total of all these unique outputs, which each provider produces as a small portion of the market as a whole, represents the production of that industry. This includes dry cleaners, corner stores, barbershops, and florists.

A market that has just one supplier is considered a monopolist at the other extreme. Examples include the fact that the National Hockey League is the only provider of top-notch professional hockey matches in North America, Hydro Quebec is the province of Quebec's sole electricity supplier, and Via Rail is the only provider of passenger rail services between Windsor, Ontario, and the city of Quebec.

Equilibrium: What Is It?

When market supply and demand are in balance, prices become steady. This is known as equilibrium. In general, a surplus of goods or services leads to lower prices, which increases demand, whereas a shortfall or under supply raises prices, which decreases demand.

To learn more about Equilibrium from the given link.

brainly.com/question/517289

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Pinnocle Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total

Lostsunrise [7]

Answer:

Product margin= $9,607.5

Explanation:

First, we need to calculate the allocation rates:

Assembly= 1,533,840 / 77,000= $19.92 per machine-hour

Processing orders= 91,065 / 1,950= $46.7 per order

Inspection= 139,788 / 1,980= $70.6 per inspection-hour

Now, we need to allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Assembly= 19.92*660= 13,147.2

Processing orders= 46.7*50= 2,335

Inspection= 70.6*10= 706

Total= $16,188.2

Finally, the product margin for product S78N:

Product margin= 430* (124.3 - 51.25 - 13.06) - 16,188.2

Product margin= $9,607.5

4 0

3 years ago

What prevents farquars in no witchcraft for sale from seeing gideon as an intelligent and capable adult?

Viefleur [7K]

In no witchcraft, Farquhar's own the farm land. Gideon was their cook. The race was labeled as inferior, to which Gideon belonged and this prevented Farquars from the sale. The story shows the racism as a barrier in realizing the cultural values of the Black Africans by the "blind" white South Africans.

8 0

4 years ago

Bond outstanding with a coupon rate of 5.66 percent and semi-annual payments. The bond has a yield to maturity of 6.3 percent, a

vagabundo [1.1K]

Answer

Price of bond = 17.96825

Explanation:

Bond price = ∑(C / $(1+YTM)^{n}$ )+ P / $(1+i)^{n}$

where

n = no. of years

C = Coupon payments

YTM = interest rate or required yield

P = Par Value of the bond

put values in above equation

price = (5.66%/2) × 2000 × (0.31746) + ( 2000 ÷ 4.595× $10^{18}$ )

= 17.96825

3 0

3 years ago

Flagg records adjusting entries at its December 31 year-end. At December 31, employees had earned $12,000 of unpaid and unrecord

mamaluj [8]

Answer:

The journal entry for the following is shown below:

Explanation:

The journal entry for the salary which is paid on January 3 is as:

January 3

Salaries expense A/c..........................Dr $30,000

Cash A/c..............................................Cr $30,000

As the salary is paid worth $30,000, so the salary expense is decreasing and any decrease in expense is debited. Therefore, the salary expense account is debited. And it paid against the cash and the cash is going out of the business and any decrease in cash will be credited. Therefore, the cash account is credited.

3 0

4 years ago

You purchased a share of Blyton Industries common stock 1 year ago for $37.50. During the year you received dividends totaling $

never [62]

Answer:

return in dollars: 2.38

rate of retrun: 6.35%

Explanation:

there are two returns:

one is the dividends cash flow of $ 0.6

and the other is the capital gain:

current market price - cost: 39.28 - 37.5 = $ 1.78

total return in dollars: $ 2.38

$\frac{return}{cost} = $Rate of Return$

2.38/37.50 = 0,06346667 = 6.35%

5 0

3 years ago