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timama [110]
3 years ago
14

At the point at which P=MC, suppose that a perfectly competitive firm's MC = $100, its AVC = $80 and its AC = $110. This firm sh

ould
Business
1 answer:
kolezko [41]3 years ago
5 0

Answer: continue operating in the short run.

Explanation:

In the short run, at least one of the input that is used in the production of a good or service is fixed while the other inputs are variable.

A firm will continue to operate in the short run in a situation whereby the price is more than the average variable cost.

Since we've been told that P=MC, abd that the perfectly competitive firm's MC = $100, AVC = $80 and AC = $110, the firm should continue operating in the short run because the price ($100) is more than the AVC($80).

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Speedster Bicycles, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.
elixir [45]

Answer:

Total cash collection= $257,500

Explanation:

Giving the following information:

Sales:

March= $250,000

April= $280,000

Speedster Bicycles, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.

<u>Cash collection April:</u>

Sales on account from April= 280,000*0.25= 70,000

Sales on account from March= 250,000*0.75= 187,500

Total cash collection= $257,500

8 0
3 years ago
So I want to say that I want to be a police or an FBI but also want to be a business woman what do I do or what do I need to kno
tangare [24]
If u are good at communicating and u are good at making decisions be a businesswomen. if ur good in history and u do a sport and can be alert be a police officer. follow ur gut don’t feel pressured and than regret taking it. remember people still don’t know their major in college so don’t rush.
6 0
3 years ago
Phil, age 20, is single and can be claimed as a dependent on his parent's return. He had $150 in interest income and wages of $7
Korvikt [17]

Answer: B - $7,150

Explanation: Standard taxation is an option by IRS to reduce an inidvidual taxable income. this is subject to an individuals filling status.

Phil who is aged 20, single and who can claim a dependent on his parents tax filling return. As of 2019, his standard tax deduction is limited to his earned income plus $350.

According to the above question, Phil earns $7,000 as wages plus $150 in interest income.

From the above information, Phil has a standard tax of $7,150.

3 0
3 years ago
Pearl Sands is a resort in the town of Willington. It attracts the maximum number of customers in the summer. In the spring, Pea
Anastasy [175]

Answer: Push Strategy.

Explanation:

Pull strategy is applied by Pearl sands to draw customers to their holiday spot, by presenting their holiday spot as irresistible to their customers.

Pull strategy is an advertisement strategy used by marketers to draw customers to their product, by various means of adverts using Mass media and forms of advertisement.

4 0
3 years ago
In 1920, it was reported that there were 60 billion barrels of oil in the world oil reserves and we were using 6 billion barrels
Ipatiy [6.2K]

Answer:

Discovery of new oil reservoirs and technological developments on oil extraction.

Explanation:

The world has not run out of oil by two reasons. First, the discovery of new oil reservoirs and, second, the development of new technologies that increased extraction efficiency in a feasible way.

5 0
3 years ago
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