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3 years ago

In long-run equilibrium, a purely competitive firm will operate where price is ________.

Business

2 answers:

ahrayia [7]3 years ago

4 0

Answer: The correct answer is "D. equal to MR, MC, and minimum ATC.".

Explanation: In long-run equilibrium, a purely competitive firm will operate where price is equal to MR, MC, and minimum ATC.

In perfect competition the companies are accepting price, therefore they will produce as long as the price is equal to the marginal cost and the marginal income thus ensures that the sale of each unit of product does not cost more than the profit obtained from the sale. of this and when the average total cost, that is, the total cost of producing each unit of product, is the least possible.

Elden [556K]3 years ago

3 0

Answer:

Explanation:

In long-run equilibrium a purely competitive firm will operate where price is: A. greater than MR but equal to MC and minimum ATC.

A normal profit (zero economic profits) is what we would expect individual firms in a perfectly competitive market to earn in the long run because there are no barriers to entry.

And in long run equilibrium the P = MC (allocative efficiency, more later) and P = minimum ATC (productive efficiency, more later).

The correct answer to the question is A

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Seth has a monthly income of $2,500. He has a $400 car payment and owes $225 on electronic equipment. What is the percentage of

WITCHER [35]

Answer:

25%

Explanation:

Given:

Seth has a monthly income of $2,500

He has a $400 car payment

He owes $225 on electronic equipment.

Question asked:

What is the percentage of Seth's income he is paying out in debt payments?

Solution:

He has a car payment = $400

He owes on electronic equipment = $225

These two items are treated as debt for Seth as these items are used first then pay for it.

Total debt = $400 + $225

Total debt = $625

Now, we will find percentage of Seth's income he is paying out in debt payments,

$Percentage =\frac{Total \ monthly \ debt}{Total \ monthly\ income}$

$=\frac{625}{2500} \times100\\\\ =\frac{62500}{2500} \\\\ =25$

Therefore, 25% of Seth's income he is paying out in debt payments.

4 0

3 years ago

Bantam company calculated its net income to be $38,775 based on the unadjusted trial balance. The following adjusting entries we

Goryan [66]

Answer:

the amount of net income or loss is $39,285

Explanation:

The computation of the amount of net income or loss is shown below:

= Net income + interest earned + unearned revenue - salaries & wages - prepaid insurance

= $38,775 + $375 + $805 - $395 - $275

= $39,285

hence, the amount of net income or loss is $39,285

The same should be considered and relevant

5 0

3 years ago

2. A welder and a carpenter decided to get out of the construction industry and build farm trailers instead. From building a few

Firlakuza [10]

Answer:

Answer is explained in the explanation section below.

Explanation:

Data Given:

Material Cost Per Trailer = $500

Material Cost plus Profit Per Trailer (15%) = $500 + 75 = $575

Selling Price = $1000

Labor Cost Remaining Per Trailer = $425

Formula to Calculate the number of Trailers:

X = X1 ( $N^{S}$ )

Where,

N = number of Trailers

S = Slope Parameter

X = $425

X1 = $700

So, First we need to find the slope parameter, in order to calculate the number of trailers to be built.

S = $\frac{log \alpha }{log 2}$

where, α = 0.85 rate of improvement.

Plugging in the values into the formula, we get:

S = $\frac{log (0.85) }{log 2}$

S = -0.234

Now, we can easily find the number of trailers.

X = X1 ( $N^{S}$ )

Plugging in the values,

425 = 700 x ( $N^{-0.234}$ )

Solving For N, we get:

N = 8.4 Trailers

N = 9 Trailers.

Hence, 9 Trailers must be built in order to realize this rate of profit.

8 0

2 years ago

Kennedy’s alliance of progress program provided $25 billion in aid to countries in?

Annette [7]

President Kennedy aimed to provide economic assistance, and consolidate democracy and social justice in Latin America.

Kennedy proposed, via the corporation for international improvement and the Alliance for progress, both launched in 1961, to mortgage greater than $20 billion to Latin American nations that would sell democracy and adopt significant social reforms, specifically in making land possession possible for more numbers.

The Peace Corps, a program that despatched younger volunteers to foreign places to assist those in want, turned into probably one of the high-quality-acknowledged New Frontier programs.

Learn more about President Kennedy here: brainly.com/question/13721861

#SPJ4

3 0

1 year ago

On January 1, 2020, Jacobs Company sells land financed through an $80,000 note, issued by Andress Company. The note is an $80,00

12345 [234]

Answer:

Entries are shown below.

Explanation:

To record the journal entries, we first need to calculate interest payment and principal as per the present value. This is done below:

PV Factor Present Value

Interest Payment $6,400 1.7125 $10,960

Principal $80,000 0.8116 $64,928

$75,888

Journal Entries

Date Particular Debit ($) Credit ($) Working

Jan 1, 2020 Note Receivable 80,000

Discount on Receivable 4,112

Land 75,888

Dec 31, 2020 Cash 6,400

Discount on Receivable 1,948 (8348-6400)

Interest Revenue 8,348 (75888*11%)

Dec 31, 2021 Cash 6,400

Discount on Receivable 2,162 (4279-3600)

Interest Revenue 8,562

(75888+1,948)*11%

Dec 31, 2021 Cash 80,000

Notes Receivable 80,000

7 0

2 years ago