1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Viefleur [7K]
1 year ago
9

T-Shirt Enterprises is selling in a purely competitive market. Its output is 300 units, which sell for $1 each. At this level of

output, marginal cost is $1 and average variable cost is $1.50. The firm should:
Business
1 answer:
FinnZ [79.3K]1 year ago
8 0

When the level of output, marginal cost is $1 and average variable cost is $1.50. The firm should "produce no output units".

<h3>What is purely competitive market?</h3>

Perfect competition refers to a fictitious market structure. If there is perfect competition, there are no monopolies.

The following characteristics of this kind of structure are crucial:

  • All enterprises sell the same product, which is a homogeneous or commodity good.
  • Every business is a price taker, meaning that they have no control over the market price for their goods.
  • Market share has no bearing on price adjustments.
  • The product being supplied and the pricing each business is seeking with in past, present, or future are all completely or perfectly known to buyers.
  • Resources such as labor and capital are totally movable.
  • There are no fees for businesses to enter or exit the market.

Each genuine market can be categorized as imperfect since they all occur beyond the level of the ideal competition model.

To know more about the purely competitive market, here

brainly.com/question/15176320

#SPJ4

You might be interested in
The following information is taken from the income statement of Olympic, Inc.: Depreciation Expense $ 90,000 Amortization Expens
Lina20 [59]

Answer:

The correct option is D,$402,000.

Explanation:

In determining the cash flow provided by operating activities,we need to adjust the net income for effects of non cash items reported.It is important  to note that the reverse of the earlier treatment of the items is what is required now.For instance depreciation and amortization  were deducted in  income statement,for cash flow purposes we need to add both to net income.

Net income                          $315,000

add depreciation                $90,000

amortization                         $15,000

loss on sale of equipment  $9,000

less gain on sale of building($27000)

Cash flow from operations  $402,000

The cash flow from operating activities as adjusted is $402,000.

6 0
3 years ago
Eagle Ridge, inc. issued 40 shares of $20 par value stock to its accountant in full payment for her $900 fee for assisting in se
Harlamova29_29 [7]

The journal entry for the issuance of the stock for issue of 40 shares at a par value of $20, will affect a credit to Common Stock for $800.

<h3>What is a journal entry?</h3>

The process of maintenance of systematic and chronological records of financial transactions during a given financial period is known as a journal entry.

Hence, option C holds true regarding the journal entry.

Learn more about journal entry here:

brainly.com/question/20421012

#SPJ1

6 0
2 years ago
Which type of power production produces the least amount of greenhouse gases?
weeeeeb [17]
I think the answer is Nuclear
5 0
3 years ago
Select the correct text in the passage. Select the sentence indicating the team that would be the most help in determining the k
weqwewe [10]

The correct answer is; She headed up a fourth team, which worked on the best possible distribution channel to reach the ideal customer.

Further Explanation:

Gina has set up four different teams. The first three teams that are described has their own role in the company. The first teams sole job is to find and correctly identify the features of the product. The second team has the role of finding and identifying the best websites that the customers will use. The third team has the role of finding and determining the best price for the perfume that is competitive in the market.

Lastly, the fourth team is has the role of finding the best distribution to reach the perfumes ideal customers. Since they are in the role of finding out how to reach the customer and connect the buyers to the new perfume they will determine the best advertisements.

Learn more about advertisements at brainly.com/question/7593082

#LearnwithBrainly

7 0
3 years ago
Which of the following values should be inserted to correctly balance the ledger shown below?
vredina [299]
In order to figure out this you would take the original balance
$120.70 and add the paycheck $343.52
from there you would then minus the City payment of $53.90 and minus the internet payment of $86.40
This would leave you with $323.96
Hope This helps :)
8 0
3 years ago
Other questions:
  • Which position has the duty to examine the cost implications of a proposed bill?
    12·1 answer
  • Product indicators of sensitivity to price include all of the following EXCEPT:
    9·2 answers
  • Ngai Nhung is the sales manager at Hung Technologies. At lunch with the company CEO, Ngai proudly announced that he had negotiat
    8·1 answer
  • What are unlawful questions to ask during an interview
    14·2 answers
  • The president wishes to increase spending for education by $4 billion but also maintain a balanced budget. Therefore, taxes will
    9·1 answer
  • To qualify as a tax preparer for a seasonal job at a tax preparation chain, Martin must answer written questions on tax terminol
    8·2 answers
  • Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for November: Increase in estimated
    6·1 answer
  • King Company issued bonds with a face amount of $1,600,000 in 2015. As of January 1, 2020, the balance in Discount on Bonds Paya
    13·1 answer
  • In a large company, a small team of employees is tasked with conducting monthly tests of security controls. Each month, they sel
    12·2 answers
  • You own an e-commerce site that sells skis and related winter sports gear. You gather your team of six employees and ask them to
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!