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Artist 52 [7]
3 years ago
7

Assuming no fixed costs are avoidable in the short​ run, a perfectly competitive​ firm's short-run supply curve is A. the portio

n of its average variable cost curve that lies below its average total cost curve. B. the portion of its average variable cost curve that lies above its average total cost curve. C. the portion of its marginal cost curve that lies above its average variable cost curve. D. the portion of its marginal cost curve that lies above its average total cost curve.
Business
1 answer:
Crazy boy [7]3 years ago
7 0

Answer:

C. the portion of its marginal cost curve that lies above its average variable cost curve.

Explanation:

It follows the short-run supply curve of the firm is portion of its marginal cost curve which is above the average variable cost curve.

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The inventory data for an item for November are:a. Nov. 1: Inventory 20 units at $19b. Nov. 10: Purchased 30 units at $20c. Nov.
Zigmanuir [339]

Answer:

the cost of the merchandise sold for November if the company uses LIFO is c. $590

Explanation:

LIFO Inventory System sells the Inventory recently acquired first followed by the Older Inventory Acquired.

<u>Cost of the merchandise sold for November - Calculation</u>

November 4 : 10 units × $19    =$190

November 17 : 20 units × $20 =$400

Total                                          =$590

4 0
2 years ago
Read 2 more answers
Kit-N-Sit, Inc. and Kittysitters, Inc. are two cat-sitting services in Kent, Ohio. There are no other cat-sitting services so th
Cerrena [4.2K]

Answer:

The correct answer ise. do nothing and leave prices unchanged.

Explanation:

It has been observed that many oligopolistic industries exhibit an appreciable degree of price rigidity or stability. In other words, in many oligopolistic industries prices remain sticky or inflexible, that is, there is no tendency for oligopolists to change the price even if economic conditions undergo a change.

There have been many explanations of this price rigidity in the oligopoly and the most popular explanation is the so-called crooked demand curve hypothesis. The crooked demand curve hypothesis was presented independently by Paul M. Sweezy, an American economist, and by Hall and Hitch, Oxford economists.

It is to explain the price and production under oligopoly with product differentiation, that economists often use the hypothesis of the crooked demand curve. This is because when products under oligopoly differ, it is unlikely that when a company increases its price, all customers abandon it because some customers are intimately linked to it due to product differentiation.

As a result, the demand curve facing a company under differentiated oligopoly is not perfectly elastic. On the other hand, under the oligopoly without product differentiation, when a company increases its price, all its customers leave it, so that the demand curve faced by an oligopolist that produces a homogeneous product can be perfectly elastic.

6 0
2 years ago
Jonathan (an individual) owns 100% of the stock of Husky, Inc. (a C corporation) and 100% of the stock of Calhoun, Inc. (another
BaLLatris [955]

Answer: A. As Expenses

B. No treatment.

Explanation:

A. The $100,000 was not structured and a loan so it will be accounted for as EXPENSES. This means that it will be deducted from the Income for the year from Calhoun's books.

B. A C Corporation is by definition taxed SEPARATELY from it's owners in the United States of America. Seeing as both Corporations were C Corporations, Jonathan as the owner of both companies need not worry about how he should treat the $100,000 payment as he will not ne taxed on it.

8 0
3 years ago
Michael receives a monthly salary of $2500 plus a commission of 2% of total orders written. If his orders for the month were $34
Bumek [7]

Answer:

$3,180

Explanation:

Monthly salary would be the base salary = $2500

Since he would earn 2% of all orders, calculate the dollar value of the commission when total orders amount to $34000;

Commission = 2% *34000 = $680

His total pay would be calculated by adding the base salary to the commission amount;

Total pay = base salary + commission

Total pay = $2500 + $680

Total pay = $3,180

7 0
3 years ago
When making investments, your primary motivation should be:
hichkok12 [17]
Is the simple desire to help one another
5 0
3 years ago
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