1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Taya2010 [7]
3 years ago
10

When perfectly competitive firm X sells three units of product Z, its marginal revenue is $4.67. When it sells one hundred units

, marginal revenue is $4.67. We can conclude that the price is: ____
(A) $4.67.
(B) dropping.
(C) The price cannot be calculated with the information given.
(D) too high.
Business
1 answer:
Sedaia [141]3 years ago
8 0

Answer:

<u>A) $4.67</u>

Explanation:

In a perfectly competitive market, marginal revenue always is equal to price.  Also, the price is not determined by the firms, it is given by the market because producers doesn´t have any power of decision in this matter.

Due to that, the price is constant, independent the quantity sold.

You might be interested in
When visiting your sister, you notice that her infant enjoys watching a mobile that hangs over his head. of the various objects
katovenus [111]
The big chainsaw is ur answer I bieleve
3 0
3 years ago
Sid has decided to leave his $70,000-a-year landscape design job and open a new kayak business. His insurance cost is expected t
madreJ [45]

Answer:

The correct answer is $15,500.

Explanation:

According to the scenario, the computation of the given data are as follows:

Revenue = $100,000

Insurance cost = $2,000

Design job leave = $70,000

Rent = $10,000

Annual depreciation = 10% × $25,000 = $2,500

So, we can calculate the economic profit by using following formula:

Economic Profit = Total Revenue - (Explicit cost + Implicit costs)

By putting the value, we get

= $100,000-($70,000 + $2,000 + $10,000 + $2,500)

= $15,500

7 0
3 years ago
Holliman Corp. has current liabilities of $407,000, a quick ratio of 1.90, inventory turnover of 4.50, and a current ratio of 3.
Sati [7]

Answer:

Cost of goods will be $4670325

Explanation:

We have given current liabilities = $407000

A quick ratio = 1.90

Current ratio is 3.40 and inventory turnover = 4.50

We know that current ratio is the ratio of current assets and current liabilities

So 3.4=\frac{current\ assets}{current\ liabilities}

So current assets = $1383800

Now quick ratio is equal to = \frac{current\ assets-inventory}{curtrent\ liabilities}

So 0.85=\frac{1383800-inventory}{407000}\\

Inventory = $1037850

Inventory turnover is given 4.5

So 4.5=\frac{cost\ of\ goods\ sold}{average\ inventory}

4.5=\frac{cost\ of\ goods\ sold}{1037850}

So cost of goods sold = 4.5×$1037850 = $4670325

5 0
3 years ago
What journal entry is made in a job-order costing system when $8,000 of materials are requisitioned for general factory use inst
Jlenok [28]

Answer:

(d) Manufacturing Overhead $8,000 Raw Materials $8,000

Explanation:

This will be an spending associate with the actual overhead.

These materials are indirect, so it should go in the factory overhead account.

They are not associate with any job in particular, so it cannot be capitalize through work in process.

8 0
3 years ago
A monopolistically competitive firm faces a __________ demand curve and so it is a price __________. group of answer choices
poizon [28]

A monopolistically competitive firm faces a downward sloping demand curve and so it is a price searcher.

The demand curve for monopolistically competitive firm will be considerably more elastic than the demand curve that a monopolist faces because the monopolistically competitive firm has  a very less control over the price that it can charge for its output.

The firm's control over its price will largely depend on the degree to which its product is differentiated from competing firms' products.

The monopolistically competitive firm will be a price‐searcher rather than a price‐taker because it faces a downward‐sloping demand curve for its product.

To know more about  monopolistically competitive firm here:

brainly.com/question/17241373

#SPJ4

7 0
2 years ago
Other questions:
  • A common set of accounting standards and procedures are called
    8·1 answer
  • You got a new credit card and spent $200 on the card last month. You forgot to make the payment on time and were assessed a $40
    14·1 answer
  • Chica, a women's clothing store, held a "prize drawing" for a $500 shopping spree on saturday that it had advertised throughout
    14·1 answer
  • When a project has a positive total slack, some activities can be ________ without jeopardizing completion of the project by its
    15·1 answer
  • At a price of $200, a cell phone company manufactures 100000 phones. At a price of $300, the company produces 300000 phones. Wha
    5·1 answer
  • Select the correct answer.
    15·1 answer
  • When sales exceed production and the company uses the LIFO inventory flow assumption, the net operating income reported under va
    12·1 answer
  • O que é locução verbal?
    8·1 answer
  • assume that in the short run a firm is producing 800 units of output, has average total costs of $150, and has cost of $100. the
    13·1 answer
  • Nominal gdp is a good snapshot of the current value of production in an economy but it cannot be used to make comparisons over t
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!