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3 years ago

When a perfectly competitive firm is in long-run equilibrium, the firm is:

Business

1 answer:

8090 [49]3 years ago

7 0

Answer:

D) producing at minimum long-run average total cost.

Explanation:

In long run equilibrium for a perfectly competitive firm, Price = MC = Minimum ATC.

<em />

<em>The long-run equilibrium point for a perfectly competitive market occurs where the demand curve (price) intersects the marginal cost (MC) curve and the minimum point of the average cost (AC) curve. </em>

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when an auditor of financial statements has substantial doubt about an entity's ability to continue as a going concern, the audi

tangare [24]

If information about an entity's ability to continue as a going concern is not disclosed in the financial statements, an auditor of financial statements is likely to express an adverse opinion.

<h3>Define a qualified or adverse opinion.</h3>

A remark made in an auditor's report that is attached to a company's audited financial statements is known as a qualified opinion. According to an auditor's judgment, a company's financial information may have been incomplete or there may have been a significant problem with how generally accepted accounting standards (GAAP) were applied, but the problem was not widespread.

With one or more exceptions, the financials often reflect the company's success and position. The financial statements are inaccurate or do not adhere to widely accepted accounting rules, in our opinion (GAAP).

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7 0

1 year ago

Completed Per Day

Ratling [72]

Answer:

The correct option is A, Samantha weed and Adam will rake because these are the goods each has a comparative advantage in.

Explanation:

The opportunity formula comes handy in this case, which is given below:

opportunity cost formula=what one sacrifices/what one gains

If Samantha were to weed flower beds, opportunity cost is computed thus:

Opportunity cost of Samantha weeding flower beds=8/4= 2 bags of leaves raked

The opportunity of Adam weeding flower beds=25/5 =5 bags of leaves raked.

In a nutshell ,if Samantha weeds flowers they would lose 2 bags of leaves raked while if Adam were to do so same, they would lose 5 bags of leaves raked, conclusively Samantha should weed flower beds since she has lower opportunity, higher comparative advantage

4 0

3 years ago

Thornbrough Corporation produces and sells a single product with the following characteristics: Per Unit Percent of Sales Sellin

AfilCa [17]

Answer:

The income will decrease by $21,000

Explanation:

Giving the following information:

Selling price $ 220

Variable expenses 44

Contribution margin $ 176

Sales in units= 7,000

Total contribution margin= 7,000*176= $1,232,000

Fixed expenses= ($901,000)

Net operating income= 331,000

Now, with the changes we calculate the new net operating income:

New sales price= $202

New fixed cost= (53,000 + 901,000)= 954,000

New unit sales= 8,000

Net operating income= 8,000*(202 - 44) - 954,000= $310,000

The income will decrease by $21,000

7 0

4 years ago

The Coffee Express company is located in a business district with few customers on the weekend. To attract customers on Saturday

emmainna [20.7K]

Answer:

c. dynamic pricing.

Explanation:

Dynamic pricing is when the price of a product is not fixed but flexible. Prices change based on changes in demand. It is also known as surge pricing or demand pricing.

The Coffee Express company reduces its prices on the weekends due to a fall in demand. This is Dynamic pricing.

Cross price elasticity measures the degree of responsiveness of quantity demanded of a good to changes in the price of another good.

The income effect measures how consumption and demand for a product changes when real income changes.

The substitution effect measures how a consumer subsistuites one good for another good when there's a change in price.

5 0

3 years ago

You have ordered a black sweater from an Internet source but received a pink one instead. The website states that there are no r

kirza4 [7]

<h2>The contract is invalid.</h2>

Explanation:

An online though it has some cons like "cannot touch and feel, color may slightly vary from the original to the picture given, quality cannot be measured, etc".
But the scenario given here is the expected / ordered color is different from the received one and it is wrong that the website is not accepting.
This website is not user-friendly and the fault from the website side is not accepted which once again re-insist the unfriendliness.
Any website should allow the user to do easy exchange and returns because of various reason said in point no.1.
If the website continues with same invalid contract, then it will lose its name and lose the customer too.

6 0

3 years ago