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scoray [572]
2 years ago
5

In a market with 1,000 identical firms, the short-run market supply is the

Business
1 answer:
kompoz [17]2 years ago
8 0

Answer: Option(a) is correct.

Explanation:

Correct Option : Marginal cost curve above average variable cost for a typical firm in the market.

In a market of perfect competition, the shutdown price of the firms will be minimum point of average variable cost. So, there is supply of goods by the firms if the price is equal or above the shutdown point of the firm.

Therefore, the supply curve of the firm is the above part of the MC curve from the minimum point of average variable cost.

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Organizational purpose serves as the basis for an organization's ______. (select all that apply)
Alex_Xolod [135]

An organizational purpose serves as the basis for an organization's:

  • mission
  • culture
  • core values

<h3>What is an organizational purpose?</h3>

This refers to an firm's reason to exist that aligns with its long-term financial performance, provides a clear context for daily decision making, unifies and motivates it relevant stakeholders

Hence, the organizational purpose serves as the basis for an organization's mission, culture and core values.

Read more about organizational purpose

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7 0
1 year ago
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The bank received and accepted a payment worth $7,200 from a customer on the company’s behalf. Which journal entry adjustment sh
Oliga [24]

Answer:

A. Accounts receivable will be debited by $7,200.

Explanation:

Accounts receivable is the payments that customers owe to a business. It arises when a business sells goods to customers of credit. Accounts receivables are current assets as they represent money that the business expects to receive in the short term.

Recording the transaction for accounts receivable follows the principle for recording assets transactions.  An increase in assets is debited. The accountant will debit accounts receivable by an amount of $7200.

7 0
3 years ago
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The ____ decision involves comparing the pros and cons of in-house production versus outsourcing of a given product or service.
solong [7]
Make-Or-Buy Decision<span>
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4 0
2 years ago
During 2020, Sarasota Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Sarasota for
vfiekz [6]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

Gross profit = Sales - Cost of goods sold

= (440 x 90 + 220 x 80 + 264 x 50) - (440 x 56.7 + 220 x 50.4 + 264 x 31.5)

= (39,600 + 17,600 + 13,200) - (24,948 + 11,088 + 8,316)

= 70,400 - 44,352

= $26,048

Ending inventory schedule attached in the excel archive

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
8 0
3 years ago
Because human behavior is unreliable and influenced by factors uncontrolled by policy, which domain represents the greatest risk
Luba_88 [7]

Answer:

The correct answer is letter "A": User Domain.

Explanation:

User Domains are used in organizations with large amounts of servers connected to their network. As it is difficult to keep track of all the data being stored in every server, the domain controller regulates user domains by storing their login credentials but having to pass a privilege screening before accessing to the information of the server. However, that does not secure users will make optimal utilization of the firm's resources. Most parts of the data store will still be unchecked by controllers.

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2 years ago
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