Answer:
D. fall in the short run. All, some, or no firms will shut down, and some of them will exit the industry. Price will then rise to reach the new long-run equilibrium.
Explanation:
Answer:
Price is greater than the average variable cost in the short run the firm will Continue to operate.
Explanation:
Total Revenue = price quantity sold = $5 × 70
= $350
Total Cost = (Average variable cost + Average fixed cost) × Quantity
= ($7 + $2) × 70
= $9 × 70
= $630
Therefore,The total revenue of the company is less than its total cost which means that the company is incurring losses. However, a firm should function in the short run as long as its price meets the average cost of the product.
In this case, the price is 5 dollars and the average variable cost is 7 dollars. So, price is greater than the average variable cost in the short run the firm will Continue to operate.
Answer:
The correct option is A
Explanation:
As the standard of living increases, the ecological footprint also incraeses which means that both are positively co-related with each other.
The amount of assets that number of people or population requires in order to produce the natural resources for its consumption is basically Ecological Footprint. the ecological footprint measures the portion of nature that human takes. In order to sustain the livelihood, the carbon footprint attempts to find out the estimation of usage of resources by an individual.
Answer:
Option A is correct
Explanation:
The amount owed and the interest would be paid in six months' time ,hence,prior to that time,any interest incurred would be accrued for.
December 31 2021 is two months after the note payable agreement was reached ,as a result,there is need to record accrued interest for two months,November and December.
Interest accrued=$195,000*6%*2/12=$1950
Interest expense is debited while interest payable is credited
The purchase price of an asset plus the costs of operation.
Source: Investopedia