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Arte-miy333 [17]
4 years ago
14

When a competitive firm finds that the market price is below its minimum average variable cost level, it will sell:

Business
1 answer:
Novosadov [1.4K]4 years ago
5 0

Answer:

The correct answer is option B.

Explanation:

In the perfect co petition firm is a price taker. Firms do not decide price. Price is determined by demand and supply intersection. Firms face a horizontal demand curve. They can only adjust the quantity they supply.

In a perfect competition, if the price is not able to cover the average variable cost, it means that the firm will be incurring losses. The firm will thus shutdown and stop production.

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LekaFEV [45]
She can try reading stories, correct her mistakes on her own and then check to see how she has done, she can study Riggs too.
5 0
3 years ago
Which of the following would not be considered an external user of accounting data for the Julian Company?
Olin [163]

Answer:

D. Management

Explanation:

External users of accounting information are people outside an organisation that makes use of accounting information. They include : A. Internal Revenue Service agent

B. Creditors

C. Customers

Internal users of accounting information are people within an organisation that makes use of accounting information. They include:

A. Management

B. Owners

C. Employees

I hope my answer helps you

6 0
3 years ago
A Regional Sales Manager's (RSM) direct reports are frequently added as sales team members for other sales representatives' oppo
Gre4nikov [31]
It’s c because I did it before
3 0
3 years ago
Based on your understanding of the impact of macroeconomic factors, identify which of the following statements are true or false
lawyer [7]

Answer:

  1. True
  2. False
  3. True
  4. True

Explanation:

When an economy has a strong balance sheet and a declining budget deficit, it means that there is less need to borrow from the market which would keep rates lower.

When the economy is weakening, the Fed will try to stimulate it by engaging in actions that weaken short term interest rates so that people and businesses can borrow at lower cost and invest or buy goods and services.

When investors are worried about the riskiness of other financial assets, they usually come to safer assets like U.S. Treasury bonds so that they do not lose money and this is what happened in the credit crisis of 2008. More demand for the bonds led to a rise in their price.

3 0
3 years ago
In 2019, Winn, Inc. issued $1 par common stock for $35 per share. No other common stock transactions occurred until July 31, 202
Vadim26 [7]

Answer:

b. <em> </em>Additional paid-in capital is decreased

Explanation:

The entry to record acquisition and retirement is:

                                                                 Debit          Credit

Common stock                                           $1  

Paid-in capital—excess of par                  $34  

   <em> Paid-in capital—share repurchase                        $5</em>

    Cash                                                                  $30

<em>Conclusion: </em>Additional paid-in capital is decreased.  

7 0
3 years ago
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