<u>Solution and Explanation:</u>
The Short run supply curve: In a perfectly competitive market, the supply curve is apportion of its rising part of the marginal cost curve. It lies above the minimum of the avergae varibale cost curve. Here, the average variable cost is $14. So, in this case, the short run supply curve would be the portion of the marginal cost curve lies above $14. thus, it should lie above $14.
Thus, the correct option from the given options is A.
Answer: False
Explanation:
The aim of the business is to ideally make a profit. As a result, Additional business should only be accepted if the incremental cost of doing so is less than the incremental revenue accrued from doing so.
If incremental revenue equals incremental cost, there is no point in engaging in the additional business as it brings no extra value to the business.
This group most likely received a rack rate.
Answer:
B. organizing
Explanation:
Organizing comes after the planning stage. It involves identifying tasks, grouping the tasks, assigning those tasks to individuals, and allocating resources to different units in the organization. In other words, organizing entails coordinating the finance, physical, and human resources of a company to achieve the planned results.
The organizing function is tasked with synchronizing the assets of a company for effective and efficient execution of its plans. Jane is sourcing for human resources that will assist the company in implementing its plans for summer and spring. She is organizing how tasks will be carried out in summer and spring.
Answer:
$118,000
Explanation:
The formula and the estimation of the direct material used is shown below:
Direct material used = Starting raw material balance + purchase made during the year- ending raw material balance
= $42,000 + $127,000 - $51,000
= $118,000
Adding the purchased amount and deducting the ending raw material balance to the beginning raw material balance for computing the direct material used
