Answer:
III. If a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.
Explanation:
A perfect competition is characterised by many buyers who sell homogenous products.
All firms in a perfect competition earn zero economic profit in the long run because there are no barriers to entry or exit.
In the long run, equilibrium occurs at: P = LMC = LATC
If demand falls, prices would fall below average total cost and the firm would earn negative profit .
Answer:
Option (B) is correct.
Explanation:
Given that smartphones are a normal good and income of the individuals increases because of economic boom. We know that there is a direct relationship between the income of an individual and demand for normal goods.
Increase in the income level of the individuals will result in higher demand for smartphones. This will shift the demand curve of smartphones rightwards.
Simultaneously, the wages of sales representatives who work for cell phone companies also increases. This will increase the cost of production for the firms and shifts the supply curve of smartphones leftwards.
Hence, the equilibrium price of smartphones increases but the effect on equilibrium quantity is indeterminate because its effect will be depend upon the magnitude of the shift of supply and demand curve.
Answer: option D
Explanation: A Limited liability partnership is an ownership style which exhibits characteristics of both partnership and corporations. This was implemented for the benefit of business entities and for the ease of owners.
a. In a limited liability a limited partner will never be personally liable for the debts.
b. A general partner can be a limited partner as long as there are two legal partners.
c. A general partner cannot be a secured creditor as he will always have unlimited liability.
d. A Limited liability partnership is the form of partnership in which some or all of the partners have limited liability.
Answer:
2. grow up in a perfectionistic home with very high expectations.
Explanation:
1- There is no relation with economic conditions
3- There are no relation with how home is flexible
4- If we check where problem comes from and decided that mother can be the reason then even mother has a healthy body we expect person to be normal.
2- Grow up with very perfectionist and expecting lots of issues then anorexia might occur.
Answer:
$131,000
Explanation:
The computation of the ending balance of stockholder equity is shown below:
= Beginning balance of stockholder equity + net income - dividend paid + additional common stock issued
= $94,000 + $24,000 - $9,000 + $22,000
= $131,000
Therefore, the ending balance of stockholder equity is $131,000
We simply added the net income and the additional common stock issued and deduct the dividend paid to the beginning balance of stockholder equity so that the ending balance could come
