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mylen [45]
2 years ago
3

Suppose that the industry continues to operate under condition s perfect tcompetition and that the cost curves, do not shify. In

the long run this perfectly competitive firm will produce?
Business
1 answer:
astraxan [27]2 years ago
8 0

In perfect competition, a perfectly competitive firm will produce a greater quantity of output in the long run. As new firms enter, the supply curve shifts to the right, prices fall, and profits fall. Firms continue to enter the industry until economic profits are zero.

If firms in an industry are experiencing financial losses, some will leave. The supply curve shifts to the left, increasing the price and decreasing the loss. Firms continue to quit until the remaining firms suffer losses—until the economic profit is zero. There are no barriers to entry and the companies' products are identical. Perfect competition is a market in which economic forces operate unhindered. For a market to be called perfectly competitive, it must meet certain strict conditions. Some of these conditions are Both buyers and sellers become price takers. The number of companies is huge. There are no barriers to entry. The firm's products are identical, etc.

Learn more about Perfect competition:

brainly.com/question/28081306

#SPJ4

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Hahnny Company purchased a machine for $200,000 in cash on January 1 of Year 1. The machine has an estimated salvage value of $4
yulyashka [42]

Answer:

$84,000

Explanation:

Cost = $200,000  

Residual value = $40,000  

Expected hours = 20,000

Working hours (year 1) = 2,500 hours  

Working hours (year 2) = 3,000 hours  

Working hours (year 3) = 4,000 hours  

Working hours (year 4) = 5,000 hours  

Now,  

Depreciation per hour = \frac{Cost-Residual Value}{Expected hours}  

Depreciation per hour = \frac{200,000 - 40,000}{20,000}  

Depreciation per hour = \frac{160,000}{20,000}  

Depreciation per hour = $8

Depreciation exper for each year can be calculated using the units-of-production method. Under this method, depreciation expense per hours is multiplied with the hours used during each year.

Depreciation schedule for the machine has been constructed and attached below:

7 0
3 years ago
ABO purchased a truck at the beginning of 2018 for
valentina_108 [34]

Answer:

B. Debit Loss $5,000.

Explanation:

depreciation per year under straigh-line method:

\frac{cost- salvage}{useful \: life}

\frac{140,000 - 20,000}{6}

depreciation per year: 20,000

book value at 2019 year-end:

140,000 - 20,000 x 2 = 100,000

disposal value:                95,000

loss for                               5,000

loss at diposal:                      5,000  debit

cash                                      95,000 debit

accumulated depreciation  40,000 debit

                truck                                       140,000 credit

3 0
4 years ago
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fgiga [73]

Answer:  

The correct answer is: additional capital to expand her business.

Explanation:

Stock offering implies a company issuing shares to be traded publicly. While it allows firms to get extra funds for research, development of new products or expansion of the business, it also implies the company meeting with several requirements that the exchange where the shares are going to be traded ask for.

8 0
3 years ago
What is a appropriately
garik1379 [7]

Answer:

-What is a appropriately?

in a manner that is suitable or proper in the circumstances.

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an established or official way of doing something.

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a serious disagreement or argument, typically a protracted one.

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A technique is a method of doing some task or performing something.

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to come into possession of; get, acquire, or procure, as through an effort or by a request: to obtain permission; to obtain a better income.

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Conflict management is the process of limiting the negative aspects of conflict while increasing the positive aspects of conflict

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6 0
3 years ago
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One of the major advantages of the _____ scientific method is that it allows investigation in natural surroundings
maria [59]
Naturalistic observation
7 0
4 years ago
Read 2 more answers
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