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fenix001 [56]
4 years ago
14

A pencil manufacturer is in a perfectly competitive market. The firm can sell as much as it wants at a price of $1.50 per pencil

. At some production levels, its average variable costs are less than $1.50, but there is not production level where its average total cost is equal or less than $1.50. What would be your recommendation to the pencil manufacturer?
Business
1 answer:
Alecsey [184]4 years ago
8 0

Answer: That means that the company is losing profits, therefore I would recommend continuing to produce in the short term, so that you do not lose more as it would be if you stop producing.

In the long term, unless prices go up or costs go down, I would recommend the  pencil manufacturer not to continue producing and going out of business.

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LUCKY_DIMON [66]

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E. A and B

Explanation:

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We can see one of these requirements in the question above, which states that to be a volunteer in VITA / TCE, the candidate must pass the Standards of Conduct (VSC) certification test annually with a score of 80% or more.

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5 0
3 years ago
Which of the following factors is not used to determine whether an activity is a hobby or a business?A) the taxpayer's expertise
melisa1 [442]

Answer: Option D    

 

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However, if the taxpayer do not repetitively perform an activity and derives no personal gain other than pleasure from performing such activity, then it will be a hobby.

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7 0
3 years ago
When was the Fair Labor Standards Act (FLSA) established?​
Snezhnost [94]

Answer:

The Fair Labor Standards Act was established in 1938.

6 0
3 years ago
A(n) ________ performs and records the daily activities of a firm necessary to conduct business.
gtnhenbr [62]

Answer: Transaction processing systems

Explanation:

The transactional processing system is one of the type of information system in which the we managing all the business transaction ad the collection of the data by using the efficient software system.

 It is also known as the real processing system that helps in maintain the reliability, consistency and also the performance of the system.

The transaction processing system is the combination of hardware and the software that efficiently manage the day activities in an organization to conduct the business.  

 Therefore, Transaction processing system is the correct answer.

6 0
3 years ago
Sklar, CPA, purchased from Wiz Corp. two computers. Sklar discovered material defects in the computers 10 months after taking de
Nuetrik [128]

Answer:

<em>End up losing because it is legally binding the clause that would limit the statute of limitations to 18 months.</em>

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Within UCC 2-725, in cases that involve the exchange of goods, a 4-year restriction law applies. The parties can reduce the duration to not less than 1 year (but not extend it).

When a delivery tender is made, an action for violation of warranty accrues (the statute begins to run).

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5 0
3 years ago
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