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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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Individuals who want to work and have searched for work in the prior​ year, but are not currently looking for work because they
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Answer:

Discouraged; are not

Marginally attached; are not

Employed; are

Explanation:

Those workers who have had a job in past but are currently unemployed and are not currently looking for work because they were not able to find job are called discouraged workers.

They believe they will not find a job now so have stopped looking. These workers are not included in the labor force.

Marginally attached workers are those workers who are not employed but are not looking for work because of a number of reasons such as illness, school, responsibility, etc. These workers are also not included in labor force.

Those workers who would like to have full-time job but are employed part-time are considered employed. These workers are included in the labor force.

8 0
3 years ago
A newly created design business called Smart Art is just finishing up its first year of operations. During the year, there were
vladimir2022 [97]

Answer:

Bad debts expenses shall be $ 850

Explanation:

The balance in the bad debts expense account shall be the aggregate of the amounts written off and the estimated uncollectible accounts based on ageing at the year end.

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Estimated uncollectible account provided at year end                 <u>$ 200</u>

Total Bad Debts expenses                                                               $ 850

4 0
3 years ago
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Who was assassinated during a visit to Sarajevo in Bosnia?
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Arch duke of Fran's Ferdinand. Hope this helps
8 0
3 years ago
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The reason that the "fast-casual" restaurant market is monopolistically competitive rather than perfectly competitive is because
maksim [4K]
<span>A market which is monopolistically competetive has an imperfect competition and characterized with many producers that sell products that are differentiated from one another. Because of this there are not perfect substitutes.</span><span>
So, the reason that the "fast-casual" restaurant market is monopolistically competitive rather than perfectly competitive is because </span>products are differentiated.
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In the case of flexible resources, if the demand for an activity changes across alternatives, then resource spending will:______
zheka24 [161]

Answer:

D. Change and the cost of the activity is relevant to the decision.

Explanation:

Since flexible resources are supplied as needed, and their costs appear to be variable with demand, so change and the cost of the activity is relevant to the decision.

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3 years ago
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