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Goshia [24]
4 years ago
15

If the market price is $10, what is the firm's total cost?

Business
1 answer:
Oksana_A [137]4 years ago
3 0
<span>Answer: Profit per unit is equal to price minus average total cost. Since this is a perfectly competitive firm, it takes the market price as given; thus the firm's price is $10 per unit. At its current level of output, this firm's average total cost is $8 per unit. Thus this firm's profit per unit is $(10 – 8) = $2 per unit</span>
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Closing a sale refers to: A. asking for a referral from a prospective customer.B. being turned down by a prospective customer.C.
ki77a [65]

Answer:

D. obtaining a commitment from the customer.

Explanation:

Closing a sale is the equivalent of making a sale.

To consider a sale done, you need to have a commitment from the customer to buy the product/service you're offering.  That usually mean receiving money or at least firming a binding contract.

None of the other options is describing a complete sale. A and C are potential leads/sales... while B if of course the opposite of closing a sale.

4 0
3 years ago
Omaha Plating Corporation is considering purchasing a machine for $1,500,000. The machine is expected to generate a constant aft
RoseWind [281]

Answer:

The payback period for the new machine is 6 years.

Explanation:

depreciation = $1,500,000/10

                     = $150,000

payback period = ($100,000 + $150,000)/$1,500,000

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Therefore, The payback period for the new machine is 6 years.

5 0
3 years ago
The Cash account of Safety Security Systems reported a balance of $ 2 comma 450 at December 31​, 2018. There were outstanding ch
Tanya [424]

Answer:

You can prepare a bank reconciliation by starting with the balance as per the company's books, and undoing all entries that were entered in the books but are not yet reflecting in the bank statement, and then adjusting for all entries that are in the bank statement that were not recorded in the company's books as you would have entered them if given the chance to record them as shown below:

Explanation:

Balance as per cash account  2,450  

add back outstanding checks  1,800  

less deposit in transit                    (400)

add receipt from Wayne Brown     530  

less service charge                     (30)

Add interest earned               <u>       20  </u>

Balance as per Bank Statement <u> 4,370  </u>

6 0
3 years ago
Which of the following is true? In a one-shot game, a collusive strategy always represents a Nash equilibrium. A subgame perfect
Kaylis [27]

Answer: Each Nash equilibrium is a subgame perfect equilibrium.

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The Nash Equilibrium in a game is the outcome of which neither of the players would want to deviate from because they are making the highest payoff that they can given the other player's possible choice and leaving this outcome would result in a lower payoff.

In every subgame that is based on the original game therefore, the Nash equilibrium represents the perfect equilibrium for the players as it is giving the highest payoff given the circumstances.

8 0
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