Answer:
A
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.
Oligopolies are characterised by:
price setting firms
product differentiation
profit maximisation
high barriers to entry or exit of firms
downward sloping demand curve
Answer:
Cost Per Unit Completed = $4.07
Explanation:
Materials & Conversion
Beginning WIP Cost $4,300
<u>Cost added in the period $109,700</u>
Total Cost of the Units $114,000
Equivalent Units of Production (EUP): Completed Units + Ending WIP Units
EUP Materials & Conversion= 27,000 + 5,000 x 20% = 28,000
Cost per Equivalent Unit: Cost of Units / EUP
Cost per EUP Materials & Conversion: $114,000 / 28,000 = $4.07
<u>Answer:
</u>
Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing capacity allocation:
<u>Explanation:
</u>
- For the work that is upcoming, team backlog prioritization has nothing to do as it is done when there is a need to finish the pending work before the next work is allotted.
- By performing capacity allocation, the right personnel and resources can be implemented for the right work well before the work is handed over.
Answer:
November 1 Inventory 52 units at $79
November 10 Sale 35 units
- COGS = 35 x $79 = $2,765
- Inventory balance = 17 x $79 = $1,343
November 15 Purchase 27 units at $83
November 20 Sale 25 units
- COGS = (17 x $79) + (3 x $83) = $1,592
- Inventory balance = (24 x $83) = $1,992
November 24 Sale 13 units
- COGS = 13 x $83 = $1,079
- Inventory balance = 11 x $83 = $913
November 30 Purchase 39 units at $86
- Inventory balance = $913 + (39 x $86) = $4,267
Answer:
1. No because it is not realistic. 2. No because if you try you will make it back. 3. No because he needs a more indelf plan.
Explanation:
