Answer:
The correct answer is: declines; higher economic; will incur losses.
Explanation:
A perfectly competitive firm has 1,000 firms that are operating in the long-run equilibrium.
Out of these firms, 100 firms have adopted a new technology that has caused their average cost of production to decline.
These firms will be able to produce more output at the same cost. As a result, their supply will increase, this will cause the price to decline.
The firms with new technology that are facing a lower average cost of production will earn positive economic profits as they have lower costs.
The firms with old technology that have higher production costs will incur economic losses as they have higher costs.
Answer:
$2,553,191
Explanation:
The formula to compute the break even point in dollars amount is presented below:
= (Fixed cost ) ÷ (Profit volume ratio)
where,
Fixed cost = $300,000
And the profit volume ratio would be
= (Contribution margin) ÷ (Sales) × 100
We assume the sales be 100%
So, the variable cost is
= 88.25%
And, the contribution margin is
= 100 - 88.25
= 11.75%
So, the break even sales would be
= $300,000 ÷ 11.75%
= $2,553,191
Answer:
$55,054
Explanation:
Calculation for how much must the real estate sell for
Sales price =($50,000 + 1,200)/(100% - 7%)
Sales price=$51,200/0.93
Sales price =$55,053.76
Sales price =$55,054 (Approximately)
Therefore the amount that the real estate must sell for if the selling costs include a 7% commission and $1,200 in other expenses will be $55,054
The answer is "open innovation".
It is because that organizations have found that with a specific end goal to create enough helpful new item thoughts, they have to make utilization of open advancements by which an association creates key connections to outside individual or association keeping in mind the end goal to make new item thoughts. Open innovation is a term used to advance a data age outlook toward advancement that runs counter to the mystery and storehouse mindset of conventional corporate research labs.
Answer:
$600
Explanation:
The written down amount is $725, which is bad debt and provision is not required for it.
The increase in allowance for bad debt is always Written Off by using the provision and at the year end the amount that must have been written off is $600 which is the increase in the provision. This means that the Allowance for Bad Debts is $600.
