Answer:
Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that P = ATC, P>ATC, MR =MC, or MR>MC at the optimal quantity. Furthermore, the quantity the firm produces in long-run equilibrium is the efficient scale. True False
This indicates that there is a markup on marginal cost in the market for shirts. True False
Explanation:
In the long run, monopolistically-competitive entities produce at a level where marginal cost and marginal revenue are equal. This makes it impossible for individual companies to sell their products at prices above the average cost. This situation means that monopolistically-competitive companies will always earn zero economic profit in the long run.
Answer:
labor
Explanation:
They are four factors of production. They are labor, capital, land, and entrepreneurship.
Labor is compensation for human skills, knowledge, time, and energy. It is indicated as salary, wages, commissions, or allowances in the books of account. A company's labor expense is influenced by the number of workers it requires. A planned high output will require many workers, while a low-volume production needs fewer workers. Therefore labor is considered a variable cost.
Capital includes the finances, equipment, and machinery required to start a business. Capital is a fixed cost as capital requirements do not vary will the volume of output. Land and entrepreneurship are fixed costs as they are not expected to change in the s
Answer:
Answer is option C, i.e. An increase in interest rates.
Explanation:
The SRAS curve is the graphical representation showing the relation between the production and price of a commodity in the aggregated market scenario.
The curve would shift to the left in the following situations:
- When there is a decrease in productivity.
- When there is an increase in the nominal wages of the labor.
- When there is an increase in the price of the commodities or raw materials that are used for production.
The interest rate change does not affect the shift of the SRAS curve, and therefore, the answer is option C.
This item would be included on the bank reconciliation as a(n) addition to the balance per company records.
Bank Reconciliation is a critical manner in accounting wherein companies suit their bank statements with the transactions which can be recorded of their popular ledger. getting ready a bank reconciliation statement allows companies to eliminate viable mistakes in transactions or bookkeeping.
A bank Reconciliation statement is a document book of the transactions of a financial institution account. This statement facilitates the account holders to test and maintain tune in their funds and replace the transaction report that they have made.
Learn more about bank reconciliation here: brainly.com/question/15525383