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Nostrana [21]
4 years ago
8

Suppose that Betty’s Beads is a typical firm operating in a perfectly competitive market. Currently Betty’s MR = $15, MC = $12,

ATC = $10, and AVC = $8. Based on this information, we can conclude thatA. Betty’s is in long-run equilibrium.B. potential new firms will be encouraged by Betty’s success to enter the market.C. some existing firms in this market will leave.D. potential new firms will be discouraged by Betty’s struggles and not enter the market.
Business
1 answer:
Musya8 [376]4 years ago
4 0

Answer:

The correct answer is option B.

Explanation:

Betty's beads is a firm in a perfectly competitive market.

Currently the marginal cost of the firm is $12.

The marginal revenue is $15.

The average total cost is $10 and the average variable cost is $8.  

A perfectly competitive firm faces a horizontal line demand curve which also represents the marginal revenue. This implies that the price of the firm is $15.

The firm is earning a profit as the revenue earned by the firm is higher than costs incurred. This will attract other potential firms to join the market in the long run.

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What has happened to China’s GPD since it began to reform its economy?
telo118 [61]

Answer:

it has grown substantially

Explanation:

in the past, China's government has total control over other economy. They failed to run it efficiently since the system provide no incentives for people to work harder and invents new things.

In the 1980s, china started to adopted some aspect of Capitalism and let the private sector grow their influence in the economy.

As a result, many people start to have incentives to contribute more to the economy. This system  basically allowed the citizens seek personal wealth for themselves, but they are indirectly improving the country's economy.

6 0
3 years ago
Wendell’s Donut Shoppe is investigating the purchase of a new $47,300 donut-making machine. The new machine would permit the com
UNO [17]

Answer:

COnsider the following calculations

Explanation:

1.  $

Annual Savings in Part-time help 6300

Added Contribution Margin from expanded sales 2600x1.50 3900

Annual Cash Inflows 10200

2.

NPV @ 5%

= Present Value of Cash inflows - Present Value of Cash outlfows

= [10200x 5.076] - 47300

= $4475

NPV @ 10%

= Present Value of Cash inflows - Present Value of Cash outlfows

= [10200x4.355] - 47300

= -$2779

Internal Rate of Return = Lower Rate + [Lower rate NPV/ (Lower rate NPV - Higher rate NPV] x Difference in rates

= 5 + [4475 / (4475+2779)] x 5

= 8%

3. NPV @ 5%

= Present Value of Cash inflows - Present Value of Cash outlfows

= [(10200x 4.355) + (12000x0.564)] - 47300

= $3889

NPV @ 15%

= [(10200x 3.784) + (12000x0.432)] - 47300

= -$3519

Internal Rate of Return = Lower Rate + [Lower rate NPV/ (Lower rate NPV - Higher rate NPV] x Difference in rates

= 10 + [3889 / (3889+3519)] x 5

= 13%

4 0
3 years ago
Hypothesize why nearly an equal number of consumers use mobile and online banking to pay bills.
enot [183]

Today, bills are paid by Consumers through use of mobile and online banking because its facilitate easy transaction.

Let understand that Internet Banking allows consumers to conduct online transactions through their gadget which uses an internet connection.

Mobile banking allows consumers to make transaction with or without internet.

Prior to this modern civilization, consumers will have to visit outlet which offers the service of making payment for various transaction such as Electricity bill, Mobile bills etc.

Today, the gadget allows easy transaction of those transaction.

Therefore, in conclusion, the reason why consumers mostly use the mobile and online banking to pay bills is because its facilitate quick and easy transaction.

Read more about this here

<em>brainly.com/question/25080140</em>

8 0
3 years ago
Mason bought a rotisserie in preparation for a party he was planning. When he put a chicken on the rotisserie, it would not rota
OlgaM077 [116]

Answer: Yes, although the salesperson did not make any express warranties, the UCC imposes an implied warranty of merchantability under which the rotisserie is guaranteed to be fit for the ordinary purposes for which it is used.

Explanation:

From the information given, we can infer that Mason has a recourse. Even though the salesperson did not make any express warranties, it should be noted that the UCC imposes an implied warranty of merchantability and hence, the rotisserie will be guaranteed to be fit for the purposes ordinarily for which it is used.

Therefore, the correct option will be D.

5 0
3 years ago
What are some benefits of voluntary exchange? What are the responsibilities?
PtichkaEL [24]

Answer:

The principle or model of voluntary exchange assumes that people will act based on self-interests. This is an important component of a healthy economy. If individuals in a market economy do not feel that they will benefit from the exchange, they would not be willing to make it.

Hope this helps!

7 0
3 years ago
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