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katrin2010 [14]
3 years ago
10

When a perfectly competitive firm finds that its market price is below its minimum average variable cost, it will sell A) the ou

tput where marginal revenue equals marginal cost. B) the output whop average total cost equals price. C) any positive output the entrepreneur decides upon because all of it can be sold. D) nothing at all; the firm shuts down.
Business
1 answer:
julsineya [31]3 years ago
3 0

Answer: When a perfectly competitive firm finds that its market price is below its minimum average variable cost, it will sell D. nothing at all; the firm shuts down.

Explanation: A perfectly competitive firm does not exist because it a theoretical market structure where all firms sell the same product, they are price takers, the market has no influence on price and there is full freedom. If the market price is below what it will cost to produce the products, the firms will stop producing their products and shut down.

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If management and union officials cannot resolve a grievance, a(n) _________ is asked to listen to the arguments of each side an
worty [1.4K]

Answer: Arbitrator

           

Explanation: In simple words, arbitrator refers to an individual who is officially appointed by the court to settle dispute between two parties. Both the parties have to agree to the decision made by the arbitrator and it is legally enforceable in the court as well.  

Arbitration is a mechanism during which a conflict is settled by a neutral arbitrator whose judgment has been decided or declared by the respondents to the conflict will be definitive and binding. Testing and challenges of arbitration judgments are minimal.

Arbitration is regularly used in customer and employ ability issues in some nations such as United States, in which arbitration may be required by employment terms or legal agreements which can include an exemption of the chance to bring an allegation.

3 0
4 years ago
Catherine bought 355 shares of Trochel Office Supplies at $31. 29 per share. Several months later, the price went up and she sol
goblinko [34]
The correct answer would be 17707.40
5 0
2 years ago
An important goal of a responsibility accounting framework is to help ensure which of the following?
MariettaO [177]
<h2>segment and company financial goals are congruent.</h2>

Explanation:

I think the options are missed and hence given below for your reference:

a) decision-making is made by the top executives.

b) investments made by each segment are minimized.

c) identification of operating segments that should be closed.

d) segment and company financial goals are congruent.

Let us understand the meaning:

Congruent: It means two or more things coincides when superimposed.

Financial goals: The target which needs to be achieved in the current financial year.

Segments: Segment speaks about the location, product or service provided by the company.

Financial goals are necessary so that it would be easy to organize and work towards the specific goal.

For the business goal to be achieved, every organization should frame financial targets or goals.

So the important goal is to achieve segment and company financial goals and they become congruent when achieved.

3 0
4 years ago
Measuring performance relative to objectives and standards is part of ___________.
alekssr [168]
It would be part of <span>controlling</span>
5 0
4 years ago
Improvised explosive devices (IEDs) are responsible for many deaths in times of strife and war. Unmanned ground vehicles (robots
Artemon [7]

Answer:

$258,434,439.9

Explanation:

Calculation for what is the equivalent annual cost of the contract

Equivalent annual cost = [3,500 x $130,000 x A/P(10%, 5) ]+ [6,500 x $130,000 x P/F(10%, 5) x A/P(10%, 5)]

Equivalent annual cost = [$455,000,000 x 0.2638] + [$845,000,000 x 0.6209 x 0.2638]

Equivalent annual cost =$120,029,000+$138,405,439.9

Equivalent annual cost =$258,434,439.9

Therefore the equivalent cost of the contract is determined to be $258,434,439.9

6 0
3 years ago
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