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shtirl [24]
2 years ago
5

For a perfectly competitive firm, a. the marginal revenue curve and the demand curve are the same. b. the marginal revenue curve

and the marginal cost curve are the same. c. the supply curve and the marginal revenue curve are the same. d. the demand curve and the marginal cost curve are the same. g
Business
1 answer:
Harman [31]2 years ago
6 0

Answer:

The correct answer is the option A: the marginal revenue curve and the demand curve are the same.

Explanation:

To begin with, the concept of<em> ''perfectly competitive market''</em> refers to the market where there are a lot of firms and their products are exactly the same with no differentation, therefore that they can not establish an influence in the price. In addition to that, in this type of market the equilibrium is in the point where the marginal revenue equals the marginal cost and in this case where there is no influence from the firms then the price of the product will be established by the demand itself and therefore that also the marginal revenue of the firm as well.

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Providing an analysis for a company regarding adding a particular product line, retracting sales markets, or dealing with risks
strojnjashka [21]

Answer:

The correct answer is True.

Explanation:

The managerial accountant has to become a key pillar in the correct measurement of business performance, in the decision making of senior management and in the development of company strategies, to help it, not only to survive but to generate competitive advantages, in a globalized business world, increasingly growing and hostile.

Because, in addition to being a function of extreme importance, for any business organization, it faces tremendous challenges, such as technological changes and the intensification of international competition. Business leaders and executives are currently in the process of looking for new ways to manage and run their companies. However, it is not only the magnitude of the changes, which causes problems for organizations, but the increasing speed with which they are going.

In fact, Management Accounting systems emerged to provide information, support management and control of companies, and to promote efficiency in the organization.

------

NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

6 0
2 years ago
Importers' bank usually issues a ________ to importers in international transactions.
Nezavi [6.7K]
<span>Importers' bank usually issues a letter of credit to importers in international transactions.

A letter of credit is issued by a bank, most common from another country, to guarantee the payment to be made under agreeable circumstances. This is a way to ensure and product the two people doing business that one will get the items and one will be paid for them. </span>
8 0
3 years ago
Best Deals, Inc. has 10 units in ending merchandise inventory on December 31. The units were purchased in November for $160 each
MrMuchimi

Answer:

$1,600

Explanation:

Best deals incorporation has a total of 10 units in the ending merchandise inventory on December 31

The units were bought in the month of November at a price of $160 for each unit

The replacement cost of the item is $162

Inventory is always recorded when the cost is low

Therefore, the amount that is to be reported as the merchandise inventory can be calculated as follows

=10 units × $160

= $1,600

Hence the amount reported as the merchandise inventory on the balance sheet is $1,600

4 0
3 years ago
When the firms in the industry are just able to cover their cost of production, economic profit is zero. Therefore, if demand fa
zheka24 [161]

Answer:

The correct answer is false.

Explanation:

A firm incurs both variable cost and fixed cost in the short run. If the firm is able to cover the variable cost in the short run it will continue operating. However, if it is not able to cover its variable cost it will stop operating.  

So, if the demand falls such that total revenue is not able to cover total cost but the variable cost is being covered, the firm will not stop production.  

In the long run, all the costs are variable. So when the revenue is not able to cover cost, the firms will stop operating.

6 0
2 years ago
Generally speaking, a narrow span of management implies that the height of the organization will be ____; a wide span of managem
Pani-rosa [81]
<span>a narrow span of management implies that the height of the organization will be long; a wide span of management implies that the height of the organization will be short.

This is because in a narrow span of management, less people work under each manager and therefore, there will be more levels of hierarchy making the height of the organization longer and the vice versa applies.
</span>
6 0
3 years ago
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