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Viefleur [7K]
3 years ago
7

A perfectly competitive orchard that produces 500 lbs of apples in the short run has an ATC = $10 and AFC = $8. The market price

is $4 per lb and is equal to MC. In order to maximize profits (or minimize losses) in the short-run, this farm should:
Business
1 answer:
Varvara68 [4.7K]3 years ago
4 0

Answer:

The correct answer is "should continue producing 500 lbs of apples"

Explanation:

(In a perfect market)

When the price is = marginal cost. This means that if you increase your production, the benefits-profits will be the same as if you produce the same quantity.

When the Price > Marginal cost, means that consumers demand more for that good, so the producer has an incentive to increase the supply

When the Price < Marginal cost, means that production is higher than the consumer's demand.  This is an incentive to decrease the supply.

For this case, the best option is to continue producing the same quantity of units, 500 lbs of apples.

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Newly issued securities are sold to investors in which one of the following markets?A. ProxyB. InsideC. SecondaryD. Primary
Harrizon [31]

Answer:

D. Primary

Explanation:

The newly issued securities are first sold to the investors of the primary market .

The primary market id responsible for issuing the securities for the exchange of the company , or other groups .

The primary market are run by the underwriting groups which includes the investment banks .

Hence , from the information of the question , the correct term is ( d. ) Primary market .

7 0
3 years ago
The following data relate to direct materials costs for February: Materials cost per yard: standard, $2.00; actual, $2.10 Standa
Arlecino [84]

Answer:

Price variance will be $4512.5 ( Unfavorable )

Explanation:

We have given standard material cost per yard = $2

Actual material cost per yard = $2.10

Standard yards per unit = 4.5

And actual yards per unit = 4.75

Units of production = 9500

Total number of actual quantity used = 9500×4.75 = 45125

So direct material price variance = ( standard price - actual price ) × actual quantity used = ( $2 - $2.1 ) × 45125 = -$4512.5

So price variance will be $4512.5 ( Unfavorable )

6 0
3 years ago
Trudy is Jocelyn's friend. Trudy looks after Jocelyn's four-year-old son during the day so Jocelyn can go to work. During the ye
Burka [1]
The answer is $34,990
3 0
4 years ago
Which of the following statements comparing debit cards to credit cards is TRUE?
horrorfan [7]
The correct answer is A. Debit cards withdraw money directly from your account.

Explanations:
B. Debit cards offer less fraud protection than a credit card; the money has already left your hands whereas with credit cards it doesn't until the end of the month.
C. Debit cards do in fact require signatures. Yeah.
D. Debit cards charge much lower rates (if any, depending on the bank) because you are paying up front versus waiting until the end of the month when you will likely be charged interest and/or fees.

Hope I helped!
5 0
4 years ago
5. Elmofud, Inc. is considering splitting its stock. The stock is currently priced at $90 per share. You own 100 shares of the s
UkoKoshka [18]

Answer:

total value be in the stock $9,000

Explanation:

given data

currently priced = $90 per share

Number of Stocks = 100 share

solution

we get here first Value of Position that is express as

Value of Position = $90  × 100

Value of Position = $9,000

and

After stock split

Number of Stocks will be

Number of Stock  = 100 × 3 = 300

and

Price per Share will be

Price per Share = \frac{90}{3}  

Price per Share = $30

so

Value of Position = 30 × 300

Value of Position = $9,000

8 0
3 years ago
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