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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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Pricing Blank______ frequently reflect corporate goals, while pricing Blank______often relate to conditions existing in the mark

nasty-shy [4]

Pricing objectives frequently reflect corporate goals, while pricing constraints often relate to conditions existing in the marketplace.

Pricing objective or goals give direction to the whole pricing process. While deciding on the pricing objectives you must consider the following:

*The overall marketing, financial, and strategic objective of the company.

*the resources you have available

*consumer price elasticity and price points

*and, the objectives of your product or brand.

Pricing constraints are the factors that limit the latitude of prices that a enterprises sets.

Pricing objectives involves specifying the role of price in enterprise marketing and strategic plans whereas pricing constraints are the factors that limit the range of prices a firm may set.

Learn more about pricing constraints here.

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7 0

2 years ago

Blossom Corporation has provided the following data concerning its most recent month of operations. Show your work for full cred

Mila [183]

Answer:

Unitary production cost= $94

Explanation:

Giving the following information:

Variable costs per unit:

Direct materials $ 38

Direct labor $ 53

Variable manufacturing overhead $ 3

<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead). Variable selling and administrative expense is a period cost. </u>

Unitary production cost= 38 + 53 + 3

Unitary production cost= $94

7 0

3 years ago

What are some of the advantages and disadvantages of choosing a federally insured account.? help

Wewaii [24]

the advantages of the federally insured account is that

- it's generally safer because it's protected by the Insurance made by the federal government, In case the account is stolen, the government would return the amount,

- It's easier to make joint account if you're married.

The disadvantages is that:

- The interest of a federally insured account usually below the inflation rate. So technically the value of your account would reduced over time.

- it has a maximum amount of $ 250,000. You can put more to the account.

5 0

4 years ago

At the beginning of the year, Cullumber Company had total assets of $864,000 and total liabilities of $523,000. (Treat each item

Radda [10]

Answer:

a. $583,000

b. $878,000

c. $330,000

Explanation:

In this question, we have to use the accounting equation which is presented below:

Total assets = Total liabilities + stockholder's equity

$864,000 = $523,000 + stockholder's equity

So, the stockholder's equity = $864,000 - $523,000 = $341,000

a. New assets = Old assets + addition

= $864,000 + $156,000

= $1,020,000

New liabilities = Old liabilities - reduction

= $523,000 - $86,000

= $437,000

So, the stockholder's equity = $1,020,000 - $437,000 = $583,000

b. New liabilities = Old liabilities + addition

= $523,000 + $91,000

= $614,000

New equity = Old equity - reduction

= $341,000 - $77,000

= $264,000

So, the total assets = New liabilities + New equity

= $614,000 + $264,000

= $878,000

c. New assets = Old assets - reduction

= $864,000 - $90,000

= $774,000

New equity = Old equity + addition

= $341,000 + $103,000

= $444,000

So, the total liabilities = $774,000 - $444,000 = $330,000

7 0

4 years ago

Match the four factors of a PEST analysis?

Schach [20]

A is the correct answer

7 0

4 years ago