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Iteru [2.4K]
3 years ago
13

In order to continue operating, in the long-run a firm must a. ​Charge a price equal to its AVC b. ​Charge a price equal to its

AFC c. ​Charge a price equal to its AC d. ​None of the above
Business
1 answer:
Marina CMI [18]3 years ago
7 0

Answer:

The answer is option A)

In order to continue operating, in the long-run a firm must A) ​Charge a price equal to its AVC

Explanation:

In order to continue operating, in the long-run a firm must charge a price equal to its Average Variable cost AVC.

This is because, a long run is a period of time in which all factors of production and costs are variable.

Over the long run, a firm will search for the production technology that allows it to produce the desired level of output at the lowest cost. If a company is not producing at its lowest cost possible, it may lose market share to competitors that are able to produce and sell at minimum cost.

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6 0
3 years ago
ne of the most important financial management activities that a firm undertakes is its evaluation and allocation of investment f
natulia [17]

Answer:

This statement is True

3 0
3 years ago
93) Jack Corporation purchased a 20% interest in Jill Corporation for $1,500,000 on January 1, 2021. Jack can significantly infl
Yanka [14]

Answer:

$1,200,000

Explanation:

Jack Corporation

Carrying value before net loss:

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Therefore the amount of loss should Jack report in its income statement for 2021 relative to its investment in Jill will be $1,200,000

8 0
3 years ago
1. A return of merchandise to the vendor results in a (A) debit to Purchases. (B) credit to Purchases Returns and Allowances. (C
Lyrx [107]

Answer:

Your correct answer ia A. debit to purchases

Explanation:

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3 0
3 years ago
The burndown chart is a Scrum created artifact that provides a list of features prioritized by business value. True False
sp2606 [1]

Answer:

False

Explanation:

The burndown chart  is a visual analysis tool used in projects execution to express the work completed daily against the outstanding purposely to ensure that project are completed and delivered with the agreed timeline.

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