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3 years ago

The perfectly competitive price and output level occur where

Business

1 answer:

jasenka [17]3 years ago

7 0

Answer:

It occur where MR = MC

Explanation:

Perfectly competitive organization or firm is the one who is price taker, which states that they must accept the price at which it sells the goods to consumer.

In a firm that is a perfectly competitive, the level of output as well as the price happen where the Marginal Cost is equal to the Marginal Revenue.

It is stated as MR = MC.

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When the dollar appreciates relative to foreign currencies, it means that:?

Talja [164]

When the dollar appreciates relative to foreign currency means that the exchange rate will favor the dollar and cause a decrease in the the price of imported goods. It also means that travel abroad from the U.S. to the relative countries will increase due to lowered costs.

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3 years ago

A group of cotton growers in North Georgia and North Alabama pooled their resources to build a cotton gin and storage area for t

GaryK [48]

Answer:

The correct answer is letter "B": Joint venture.

Explanation:

In a Joint Venture, two or more businesses agree to contribute to capital and resources for a common project. Usually, developers, manufacturers, and service providers agree to form a joint venture. If successful, those parties split the profit based on the value of their respective contribution to the joint venture.

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3 years ago

Builtrite had sales of $700,000 and cogs of $280,000. in addition, operating expenses were calculated at 25% of sales. builtrite

Leni [432]

This is the presentation of the income statement of Builtrite in order to compute the net income:

Sales $700,000

Less: COGS $280,000

Gross Profit $420,000

Less: Operating expenses ($700,000 x 25%) $175,000

Dividends expense $25,000

Capital loss $70,000 $270,000

Total $150,000

Add: Dividend income $40,000

Capital gain $55,000 $95,000

Net income $245,000

3 0

3 years ago

Accounts Amounts Cash received from sale of products to customers $ 31,000 Cash received from the bank for long-term loan 36,000

elixir [45]

Answer:

Ending cash balance : 22,600

Explanation:

operating activities:

collection from products 31,000

collection from services 21,000

merchandise suppliers (10,200)

wages paid (22,200)

advertisement paid (2,200)

generated from operating activities 17,400

financing activities:

loan from the bank 36,000

dividends paid (4,200)

cash generated from financing activities 31,800

investing activities:

sale of warehouse 11,200

purchase of equipment (41,000)

cash used in investing activities (29,800)

cash generated for the period 19,400

beginning cash balance 3,200

Ending cash balance 22,600

6 0

3 years ago

City is a product of the Chester company which is primarily in the Nano segment, but is also sold in another segment. Chester st

mash [69]

Answer:

700 units

Explanation:

Since it is given that the 700 units if city are sold to the nano segment and it is also mentioned that the competitive environment remains unchanged so the city demand of the product for the next year is also remains same as there is no change in the competitive environment

Hence, the demand fro the product in the next year is 700 units

6 0

3 years ago