Answer:
Assume a purely competitive, increasing-cost industry is in long-run equilibrium. If a decline in demand occurs, firms will:leave the industry and price and output will both decline. TRUE, ECONOMIC PROFITS INDUCE FIRMS TO ENTER A MARKET, WHILE ECONOMIC LOSSES INDUCE FIRMS TO EXIT A MARKET. IF DEMAND FALLS, ECONOMIC LOSSES WILL RESULT.
When a purely competitive firm is in long-run equilibrium: price equals marginal cost. TRUE, COMPETITIVE FIRMS MAXIMIZE ACCOUNTING PROFITS WHEN MARGINAL REVENUE = MARGINAL COST
A purely competitive firm:cannot earn economic profit in the long run. TRUE, A COMPETITIVE FIRM CAN ONLY MAKE ECONOMIC PROFITS IN THE SHORT RUN, BUT ECONOMIC PROFITS IN THE LONG RUN = $0
A constant-cost industry is one in which:resource prices remain unchanged as output is increased. TRUE, FOR EXAMPLE AN INDUSTRY CAN PRODUCE 10 UNITS AT $10, 20 UNITS AT $20, 1,000 UNITS AT $1,000
An increasing-cost industry is associated with:an upsloping long-run supply curve. TRUE, THE LONG RUN SUPPLY CURVE FOR A PURELY COMPETITIVE INCREASING COST INDUSTRY WILL ALWAYS BE UPSLOPING.
Explanation:
Answer:
The company will budget $0.91 billion for advertising
Explanation:
Determine the initial percentage of sales spent in advertising is as shown;
initial percentage of sales=(amount spent in advertising/total revenue)×100
where;
amount spent in advertising=0.8 billion
total revenue=15 billion
replacing;
initial percentage of sales=(0.8/15)×100=5.33%
Determine forecasted percentage of sales as shown;
forecasted sales=initial percentage×forecasted sales
forecasted advertising=5.33% ×17 billion
forecasted advertising=$0.91 billion
The company will budget $0.91 billion for advertising
You recently started a new job working with databases. you receive training on maintaining the database from your boss, Gregor. gregor tells you that when a DBMS flags a deleted record, completeness.
A database is an organized collection of data that is stored and accessed electronically. Small databases can be stored on the file system, while large databases are hosted on computer clusters or cloud storage.
A database is an organized collection of structured information or data, usually stored electronically in a computer system. A database is typically controlled by a database management system (DBMS).
MySQL, SQL Server, MongoDB, Oracle Database, PostgreSQL, Informix, Sybase, etc. are examples of various databases. These modern databases are managed by a DBMS. Structured Query Language or SQL is better known and is used to manipulate data in databases.
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<u>Answer:</u> Option 1
<u>Explanation:</u>
If the convertible bonds are issued at discount then it will increase the numerator. Convertible bonds yields a fixed interest income. When the convertible bonds are issued at a discount then they can be converted into shares and discount is considered in the purchasing price of the stock.
In amortized bond the each payment goes towards the interest as well as the principle amount. Amortization reduces the credit risk as the principle is repaid on maturity or on default of the firm.
The minimum price that the barber must charge <em>to increase his salary to $4,000</em> for each of the 200 haircuts is <em>A. $25.</em>
Data and Calculations:
Charge per haircut = $20
Total cost per month = $4,000
Monthly salary = $3,000
Other costs per month = $1,000 ($4,000 - $3,000)
Minimum number of haircuts per month = 200
Expected monthly salary per month = $4,000
Total new monthly expenses = $5,000
Minimum price to charge per haircut = $25 ($5,000/200)
Thus, the minimum price that the barber must charge <em>to increase his salary to $4,000</em> without increasing the number of haircuts is $25.
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