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Arte-miy333 [17]
3 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]3 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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Currently, the Bureau of Labor Statistics does not include homemakers in its employment and labor force totals. What would happe
sdas [7]

Answer and Explanation:

Unemployment rate = (Unemployed/Labor force)*100

Labor Force Participation Rate = (Labor force/Adult population)*100

Labor force = number of unemployed + number of employed

Adult population = employed + unemployed + not in the labor force

When homemakers are included in the labor force as employed then the unemployment rate would go down, labor force would increase and so the labor force participation rate would increase.

The unemployment rate would decrease and the labor force participation rate would increase.

3 0
3 years ago
Who is affected negatively when a country’s currency is weak? Give domestic and foreign examples
fomenos
Its citizens, and government.
5 0
3 years ago
The text reports the results of a test for the significance of the difference in average income for random samples of males and
Ne4ueva [31]

Answer:

The answer is letter D.

Explanation:

The difference is statistically significant, large, and important.

3 0
3 years ago
At the end of the current year​ (before adjusting​ entries), Summer Corporation had a balance of $ 88 comma 000 in Accounts Rece
Umnica [9.8K]

Answer:

1. Using the​ percent-of-sales method, calculate the amount of​ Uncollectible-Account Expense if Summer Corporation estimates its​ uncollectible-account expense using a rate of 3​% of credit sales. What is the ending balance of the Allowance for Uncollectible Accounts under this​ scenario?

14100

Summer Corporation has $ of uncollectible-account expense using the percent-of-sales method.  

3100

Calculate the amount of its​ Uncollectible-Account Expense. What is the ending balance of the Allowance for Uncollectible Accounts under this​ scenario?

15000

The ending balance of the Allowance for Uncollectible Accounts is $ under this scenario.

Dont have enough information.

Explanation:

Account receivable 88000

Allowance for uncollectible -11000

 

Service revenue 470000

 

Estimate uncollectible 3%

Ending balance of the allowance 14100  

Expense 3100

 

Allowance for Uncollectible 26000

Uncollectible expense account 15000

5 0
3 years ago
If the price of gasoline rises, when is the price elasticity of demand likely to be the most elastic
QveST [7]
$3.00 probably because if it,s $3.00 it should be very elastic
7 0
3 years ago
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