Answer:
b. some firms exit, industry supply decreases, market price rises.
Explanation:
A perfect competitive industry is characterised by many buyers and sellers of homogenous goods and services. There are no barriers to entry or exit of firms.
If firms are making economic loss is the short run, in the long run, firms leave the industry. This leads to a fall in supply and prices rise as a result. In the long run, firms in a competitive industry earn zero economic profit.
I hope my answer helps you
Answer:
c.$1,080,000 for A; $648,000 for B
Explanation:
For computing the total direct material purchase first we have to find out the production units which are shown below:
As we know that
Production units = Ending inventory units + sales units - beginning inventory units
= 9,000 units + 75,000 units - 12,000 units
= 72,000 units
Now the total direct material purchase for Material A and Material B is
For Material A
= 72,000 units × 3 lbs × $5 per lb
= $1,080,000
For Material B
= 72,000 units × 0.5 lbs × $18 per lb
= $648,000
Therefore, the third option is correct
Explanation:
i hope you have find your answer
Answer:
You have not given any options to chose from but seemingly the answer is Line Extension.
This happens when a company introduces additional items in the same product category under the same brand name such as new flavors, forms, colors, added ingredients, package sizes, etc..
Explanation:
Answer:
annual rate of return = 10.67 %
time required for investment double = 9.60 years
Explanation:
given data
investment doubles = 6 
year
annual rate = 7.50%
solution
we get here annual rate of return by rule no 72 that is
investment doubles = 
........1
put here value
annual rate of return = 
annual rate of return = 10.67 %
so time required for investment double by rule 72
time required for double investment = 
so time required for investment double = 9.60 years
