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alukav5142 [94]
3 years ago
9

With which of the following scenarios should a perfectly competitive firm shut down in the short run?

Business
1 answer:
Fofino [41]3 years ago
3 0

Answer:

both I and II

I. P = $80, VC = $180,000, and Q = 2,000

III. P = $11.55, ATC = $15, and AFC = $2

Explanation:

In a perfectly competitive market, businesses will shut down in the short run if the unit price of their products is smaller than the variable cost of producing that product.

I: price is $80 which is less than the variable unit cost $90

II: price $535 which is larger than the variable unit cost $500

III: price $11.55 which is less than the variable unit cost $13 (= $15 - $2)

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Target costing sets costs based on the price that customers are willing to pay.
Alisiya [41]

It is False that Target costing sets costs based on the price that customers are willing to pay.

Because target costing estimates product cost by subtracting a desired profit margin from a competitive market price. As the target cost makes reference to the competitive market, it is fundamentally customer-focused and an important concept for new product development.

Costing is any system for assigning costs to an element of a business.

Competitive is most commonly used to describe a person who has a strong desire to compete and win.

Development is the act, process, or result of developing the development of new ideas an interesting development in the case.

To know more about the Costing here

brainly.com/question/24130824

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6 0
1 year ago
Hawk Corporation purchased 10,000 shares of Diamond Corporation common stock in 2016 for $50 per share. Hawk Corporation does no
melomori [17]

Answer:

Gain reported in 2019 is $200,000

Explanation:

The amount gained on Diamond's shares in 2017= (60-50)* 10,000= $100,000

Amount gained on Diamond's shares in 2018= (65-60)* 10,000= $50,000

Amount gained in 2019= (70-65)* 10,000= $50,000

So total gain reported in 2019= 100,000+ 50,000+ 50,000= $200,000

7 0
3 years ago
Enok, a prospective franchise owner, is looking to keep his monthly costs as low as possible. The franchisor he is checking out
Reika [66]

Answer:

(3) $3,750,000

Explanation:

The computation of the expect monthly sales to be as high is shown below:

Given that

Sales per month = $300,000

Royalty payments = 8% of sales

So, the expected monthly sales would be

= Sales per month ÷ Royalty payments percentage

= $300,000 ÷ 8%

= $3,750,000

We simply divided the sales per month by the royalty payment percentage i.e 8%

5 0
3 years ago
An increase in expected future income​ ______.
nataly862011 [7]

Answer: A

Explanation: Increase the supply of loanable funds today because households with larger expected future income will save more today

5 0
3 years ago
Is Darby doing anything wrong? If so, what? What ethics traps is she facing?
Rom4ik [11]

Answer:

Hello your  question is incomplete attached below is a screenshot of the question

Answer: i) Darby is doing something wrong

              ii) Ethic traps are : Money and Rationalization

Explanation:

Darby is doing something wrong because she is taking the benefits of H associates company for personal purposes. and this totally unethical behavior been exhibited by Darby

The ethics trap faced by Darby are :

Money ; Money is the most influential trap that makes employees engage in most unethical activities because Human beings want more money always

Rationalization : Darby is using the company's facilities for personal use because she feels that her usage of the facilities for personal use won't affect the company negatively

3 0
4 years ago
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