Your answer would be mental health counselor.
Hope it helps!
The firm will exit or leave the industry as its not making any profits.
<h3><u>CALCULATION OF THE PROFITS</u></h3>
According to the Question,
The firm produces at P = MC
Where we know,
Q = 55 units
P = $4.78
ATC or Average Total Cost = 6.76
AVC or Average Valuable Cost = 3
P > AVC so the firm produces to minimize losses at the MC = P.
Profit = ( P - ATC ) × Q
=( 4.78 - 6.76 ) × 55
= - 108.9
The profit is - 108.9 dollars per minute.
As the firm in the industry is making losses ( a negative profit ) so it will exit the industry in the long run.
To know more about competitive firms, check the given link.
brainly.com/question/28104159
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Answer:
$358,150
Explanation:
Cost of goods manufactured is calculated in a Schedule of Manufacturing Costs as follows :
Cost of goods manufactured = Beginning Work In Process + Total Manufacturing Costs - Ending Work In Process
where,
Total Manufacturing Costs :
Materials used in product $124,260
Depreciation on plant $69,650
Property taxes on plant $21,750
Labor costs of assembly-line $120,570
Factory supplies used $25,810
Total $362,040
therefore,
Cost of goods manufactured = $13,700 + $362,040 - $17,590 = $358,150
Answer:
substitution and income effects will counteract each other totally
Explanation:
A labor supply curve is an economic analysis tool that shows the number or workers that are available to work or that can work at various wage rates.
The labor supply curve can either be bending backwards or sloping downwards or upward curving but it shows the relationship between labour and wage rates.
A labor supply curve can be affected by factors such as population, changes in social behaviour, opportunities in other markets, among other things.
From the above question, it is seen that a change in wage rate for Anthony from $25 to $29 does not affect his work hours positively of negatively. His work hours is the same despite the increase in hourly wage.
The effect of the Anthony sticking to 40 hours of work despite an increase in wage, which could have served as some motivation for him to put in more hours is his labor curve remains same. An increase in wage has done noting to affect the number of hours he works and as such his income vs work rate counters each other.
Cheers.
The correct answer is this one: "segment an organizational market." Variables such as location, the North American Industry Classification System (NAICS) code, and type of buy are all examples of ways to: <span>segment an organizational market.</span>
