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jarptica [38.1K]
3 years ago
6

The ​short-run market supply curve shows the quantity supplied by all the firms in the market at each price when​ _____. A. the

price and cost are equal B. each​ firm's plant and the number of firms remain the same C. each firm minimizes its loss D. each​ firm's plant exceed the number of firms
Business
2 answers:
boyakko [2]3 years ago
8 0

Answer:

The correct option is B

Explanation:

The short-run supply curve is the curve which shows or represent the  marginal cost curve portion and that lies or stated above the average variable cost curve.

And when the prices of market increases, then the firm or organization will supply more of its products as per the law of supply.

So, the short-run supply curve represents the supplied quantity through all the firms in the market at each price but when every firm will plant and the number of firms will remain the same.

tino4ka555 [31]3 years ago
4 0

Answer:

B. each​ firm's plant and the number of firms remain the same.

Explanation:

The ​short-run market supply curve shows the quantity supplied by all the firms in the market at each price when​ <u>each​ firm's plant and the number of firms remain the same.</u>

Short-run supply curve shows the quantity supplied by all the firms in the market at each price when​ each firm's plant and the number of firms remain the same . It is a part of marginal cost curve, which is above average variable cost curve and we know once the price of goods rises, supply will increase to maximize profit by supplier. The market supply curve is derived from the individuals curves .

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Tems11 [23]

Answer:

i don't thing i understand the question.

Explanation:

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2 years ago
Trent and kim divorced on september 1, 2017. as part of the divorce decree, beginning in september, trent was to make payments t
Ymorist [56]
What is an alimony? By the end of the the four months, in all, he owes $14,000 I am pretty sure
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3 years ago
Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.5 cus
Phantasy [73]

Answer:

A) Single-server single-phase model (M/M/1).

\lambda=2.5 \,customers/hour\\\\\mu=6\,customers/hour

B) The goal is not met, as the average time waiting for service is 5.56 minutes.

C) The new mean service rate is 7.5 customers/hour.

In this case, the average time waiting for service is 4 minutes, so the goal is met.

Explanation:

A) This situation can be modeled as a single-server single-phase model (M/M/1).

The mean arrival rate is 2.5 customers per hour.

\lambda=2.5 \,customer/h

The mean service rate is 6 customers per hour, calculated as:

\mu=\frac{60\, min/h}{10 \,min/customer}=6\, customer/h

B) The average waiting time for a customer can be expressed as:

W_q=\frac{\lambda}{\mu}\frac{1}{\mu-\lambda}  =\frac{2.5}{6}\frac{1}{6-2.5} =0.417*0.222=0.093\,hours\\\\W_q=0.093\,hours*(60min/h)=5.56 \,min

The average waiting time is 5.56 minutes, so it is more than the goal of 5 minutes.

C) If the average time spent per customer to 8 minutes, the mean service rate becomes

\mu=\frac{60\, min/h}{8 \,min/customer}=7.5\, customer/h

An the average waiting time for the service now becomes:

W_q=\frac{\lambda}{\mu}\frac{1}{\mu-\lambda}  =\frac{2.5}{7.5}\frac{1}{7.5-2.5} =0.333*0.2=0.067\,hours\\\\W_q=0.067\,hours*(60min/h)=4 \,min

The average time is now 4 minutes, so the goal is achieved.

6 0
3 years ago
On August 1, Ernie wrote to Elsie offering to sell Elsie his car for $7,600, and he promised to hold the offer open for ten days
Daniel [21]

Answer:

Yes, the contract is still valid.

Explanation:

Let us first clarify some terms first.

A contract is referred to as a legally binding agreement that is recognized, known and governs the rights and duties of the parties involved in an agreement. A contract is legally enforceable because it meets the features and approval of the law. An agreement basically involves the exchange of goods, transactions, services, money, or promises. In the case of breach of contract, the law awards the injured party access to legal remedies which include damages and cancellation.

Letter of revocation is an act by which a person having authority, calls back or in other words annuls a power, gift, or benefit, which had been bestowed upon another.

Yes, the contract still holds. This is due to the reason that the letter had a date mentioned on it which is August 4, a day before the contract was accepted even though the revocation letter arrived late.

Therefore, as regards to the date on the letter, the contract is still valid.

3 0
3 years ago
On January 1, 2020, Blue Co. purchased 24,000 shares (a 10% interest) in Elton John Corp. for $1,300,000. At the time, the book
Len [333]

Answer:

$4,465,400

Explanation:

The investment in Elton in 2020                          $1,300,000

share of 2020 net income(10%*$690,000)               <u>$69,000</u>

ending balance of investment in 2020                 $1,369,000

Share of net income 6/30/21 ($480,000*10%)         <u>  $48,000</u>

ending balance of investment 6/30/21                   $1,417,000

Acquisition of investment 7/1/2021                        <u> $2,920,000</u>

Total amount of investment                                     $4,337,000

share of net income 12/31/2021($800,000*30%)       $240,000

Dividends received(48,000+24,000)*$1.55                <u>($111,600)</u>

balance of investment in Elton John Corp                <u> $4,465,400</u>

<u />

In computing the above value,at each point in time the share of Blue Co from net income earned by Elton john corp is added while any dividends received in cash is deducted.

8 0
3 years ago
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