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
LekaFEV [45]
3 years ago
13

The lowest point on a purely competitive firm's short-run supply curve corresponds to __________. a. the minimum point on its AT

C curve. b. the minimum point on its MC curve. c. the minimum point on its AVC curve. d. the minimum point on its AFC curve.
Business
1 answer:
3241004551 [841]3 years ago
4 0

Answer: Option 'b' is correct.

Explanation:

The lowest point on a purely competitive firm's short run supply curve corresponds to the minimum point on its MC curve.

As we know the relation between ATC, AVC, AFC, MC.

1) when AC > MC then, MC rises,

2) When AC = MC, then AC reaches its minimum point.

3) When AC < MC , then MC falls.

And MC falls at higher rate than AC,

So, MC reaches its minimum point first and it is the lowest point for perfect competition.

Hence, Option 'b' is correct.

You might be interested in
Due to dropping sales, a company that manufactures soaps begins to sell them to restaurants and hotels to extend their product's
fomenos
<span>The soap manufacturer is in the decline stage of plc.As the company that manufactures soaps begins to sell them to restaurants and hotels to extend their product's life tells that their soap is not being purchased by customers and so as to overcome their cost of making soap they are selling it to restaurants and hotels.</span>
8 0
3 years ago
Splish Brothers Inc. reported a net loss of $14400 for the year ended December 31, 2022. During the year, accounts receivable de
svetlana [45]
The answer is C
Provided net cash 24 k
4 0
3 years ago
if i am trying to collect on a debt, can i post requests on social media for information on how to contact the debtor?
Makovka662 [10]

Answer:

i guess you can but don't post any valid information which might expose credit cards or so forth

8 0
3 years ago
Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $47,7
LenaWriter [7]

Answer:

$41,650

Explanation:

Contribution margin is the net of sales and variable costs.

Contribution Margin:

Division A = $47,700

Division B = $231,000 x 35% = $80,850

Company calculates the Net Income after deducting The traceable and common fixed costs from the total contribution margin.

Total contribution margin = $47,700 + $80,850 = $128,550

Net Income = Total contribution margin - Traceable Fixed Expense - Common Fixed expenses

$27,200 = $128,550 - $59,700 - Common Fixed expenses

$27,200 = $68,850 - Common Fixed expenses

Common Fixed expenses = $68,850 - $27,200 = $41,650

4 0
3 years ago
The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production
Illusion [34]

Answer:

See below

Explanation:

The computation of carrying value on the balance sheet of the ending inventory of finished goods under variable costing is seen below;

Before that, we have to determine the unit cost

Unit fixed manufacturing overhead = $120,400 ÷ 6,020 units = $20

Then, the difference will be;

= Unit fixed manufacturing overhead × change in inventory in units

= $20 × (6,020 units - $5,920)

= $20 × 100 units

= $2,000 less than absorption costing

7 0
3 years ago
Other questions:
  • Ritufa Foods, a food processing company, has collaborated with a nonprofit organization in an initiative to fund salad bars in s
    9·1 answer
  • Mary Kay Cosmetics and Amway (multi-layer marketing companies) sell their products through home and office sales parties, online
    5·1 answer
  • How would a reduction in the temperature from 80 degrees to 50 degrees affect one’s decision to go swimming?
    13·1 answer
  • Ted Catering received $1,180 cash in advance from a customer for catering services to be provided in three months. Determine the
    14·1 answer
  • Daniel sells medical equipment, and he has been advised to contact the comptroller at the Cedar Bluff Public Hospital because th
    11·1 answer
  • All of the following programs enable young people to serve their country and the world EXCEPT...
    8·1 answer
  • During the taking of its physical inventory on December 31, Barry's Bike Shop incorrectly counted its inventory as $222,138.00 i
    14·1 answer
  • Although ZipCar has some routine operating tasks, its rules and regulations are, for the most part, not strict. ZipCar's decisio
    6·1 answer
  • Comparing text and lecture notes helps the student to find the similarities among important topics that may be on a test. Please
    6·2 answers
  • monopolistically competitive firms are unable to produce enough output to reach the average total cost because of the presence o
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!