"there is no incentive for firms to enter or exit the industry in the long" run when

1 answer:

8 0

There is no incentive for firms to enter or exit the industry in the long run when there is a competitive equilibrium or perfect competition. Perfect competition is when the market price of an item is controlled by the buyers and the sellers. There are tons of people wanting to buy and selling similar products and the are all equally fighting for the same target market.

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Indicate whether the following statement(s) applies to microeconomics or macroeconomics:a. The unemployment rate in the United S

mihalych1998 [28]

Answer:

a. The unemployment rate in the United States was 9.7 percent in March 2010. - Macroeconomics

b. A U.S. software firm discharged 15 workers last month and transferred the work to India. - Microeconomics

c. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise. - Microeconomics

d. U.S. output, adjusted for inflation, decreased by 2.4 percent in 2009. - Macroeconomics

e. Last week, Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point. - Microeconomics

f. The consumer price index rose by 2.7 percent from December 2008 to December 2009. - Macroeconomics

Explanation:

Microeconomics refers to the study of economics at an individual, group or company level. Microeconomics focuses on issues that affect individuals and companies.

On the other hand, macroeconomics refers to the study of a national economy as a whole and focuses on issues that affect the nation or state as a whole.

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3 years ago

Tom and Ralph drafted a partnership agreement, but did not sign it. In their day-to-day business dealings they demonstrate a cle

Flura [38]

Answer:

False

Explanation:

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3 years ago

"What might explain why so many companies say that ideally they would use ABC, but they haven't adopted it yet

Zepler [3.9K]

Answer:

The answer is "The system ABC takes time from other value-added activities without any compensation benefits".

Explanation:

In the given question the choices are missing so, the correct answer to this question can be defined as follows:

The time-based system industry pricing takes full advantage of the specifics of exchanges from the ERP systems available.
Alterations throughout commodity and process efficiency in ABC systems were also easier to modify, that's why its system takes some time from several other value-added actions with no corrective benefits.

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3 years ago

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IRINA_888 [86]

Answer:

Option A Preparing a purchase order

Explanation:

Because the reason is that the purchase order preparation is the assignment of the procurement department and is not associated with the holding of the inventory. Whereas obsolescence and skrinkage are the decrease in the value of the inventory which is because of not selling the product before the decrease and are part of cost of holding inventory.

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3 years ago

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Just do 7% interest with 3.6 million. Also don’t forget to include the amount of days.

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3 years ago