All categories

2 years ago

if the price for this firm is currently p2, what will happen to this firm's price and output in the long run?

1 answer:

5 0

If the price for this firm is currently p2, This firm's price and output, in the long run, is that the firm´s price will increase.

Rate is the quantity that clients may be willing to pay for a product. Entrepreneurs need to link the rate to the product's actual and perceived value, while additionally thinking about delivery fees, seasonal discounts, competitors' costs, and retail markup.

Pricing is vital since it defines the value that your product is really worth so one can make and your clients to apply. It's miles the tangible price factor to allow clients to know whether or not it's miles really worth their time and investment.

A price that appears fair from a cost factor of view given the products or services they are purchasing. From an opposition point of view, the proper fee enables the client to compete more successfully in their personal market.

Learn more about the price here brainly.com/question/26075805

#SPJ4

You might be interested in

Discuss 5 sources of government revenue in the economy

Marina86 [1]

The government may either sell goods or render services like train, city bus, electricity, transport, posts and telegraphs, water supply, etc. The government also earns revenue from the production of commodities like steel, oil, life-saving drugs, etc.

7 0

2 years ago

In 2016, Southwest Airlines had negative net working capital of $(2,346) million and current assets of $4,498 million. The firm’

timofeeve [1]

Answer:

B. $6,844 million.

Explanation:

We know,

Net working capital = Current asset - Current liabilities

Given,

Net working capital = $(2,346) million

Current asset = $4,498 million

Putting the value into the formula, we can get

Net working capital = Current asset - Current liabilities

Current liabilities = - Net working capital + Current asset

Current liabilities = - (2,346) + $4,498

Current liabilities = $2,346 + $4,498

Current liabilities = $6,844 million.

Option B is the correct answer.

7 0

3 years ago

Hal is enrolled for one class at a local community college; tuition cost him $190. Hal's AGI is $20,000. Before considering a li

netineya [11]

Answer:

the lifetime learning credit is $38

Explanation:

The computation of the lifetime learning credit is shown below:

= 20% of tuition cost

= 20% of $190

= $38

Hence, the lifetime learning credit is $38

We simply applied the above formula so that the correct value could come

And, the same is to be considered

he is eligible for 20% only so the same is relevant

6 0

3 years ago

Choose all that apply.

LuckyWell [14K]

Since Eva would like more information on services available at her bank, she can use the following resources explained in item 3,5 and 2.
Item 3 customer services representative at the bank. This is the best choice. Item 2 printed material and item 5 bank websites can be included.

6 0

3 years ago

Read 2 more answers

On January 1, 2020, Crone Corporation had the following stockholders' equity accounts.

Serga [27]

Answer and Explanation:

February 1

Dr Dividends 113,000

Cr Dividend Payable 113,000

To record the declaration of cash dividends.

March 1

Dr Dividend Payable 113,000

Cr Cash 113,000

To record the payment of dividends previously declared.

April 1

No entry

July 1

Dr Dividends 169,500

Cr Stock Dividends Distributable 169,500

To record the declaration of stock dividends.

December 1

Dr Stock Dividends Distributable 169,500

Cr Common Stock 146,900

Cr Paid in Capital in Excess of Par 22,600

December 31

Dr Income and Expense Summary 398,500

Cr Retained Earnings 398,500

To record the net income.

December 31

Dr Retained Earnings 282,500

Cr Dividends 282,500

To close the dividends account.

4 0

4 years ago