Answer:
More; increasing supply and earning profit; entering the market; reducing the profit to zero; horizontal.
Explanation:
The claim by WebMD that the protein in tuna would lead to 2 Years increase in life expectancy would cause the demand to increase at every price. The demand curve will consequently shift to right.
As a result the firms in short run will supply more and enjoy profits.
Since the firms were facing long run equilibrium and were enjoying zero profit, an increase in price will cause profit to firms.
Since in the short run firms can not enter or exit they will continue producing.
In the long run attracted by the profit earned by existing firms, the new firms will enter the market till all the firms are having zero profits.
In the tuna industry the new firms will start production, so the industry supply will increase causing a rightward shift in the supply curve.
In the long run the shape of the supply curve of the industry will be horizontal.
Answer:
a. 79
Explanation:
Opportunity cost can simply be defined as the alternative forgone. That is, opportunity cost is that good, commodity or service or whatsoever is sacrificed in order to obtain another. In economics, it is known as real cost. Thus in the question above, Jose employes strategy A such that when he prepares for two exams in one evening, the opportunity cost of receiving a 94 point on Economics exam is 79 points on the statistics.
Answer:
danger is used for the most severe hazards
Explanation:
Answer:
Credit; $100
Explanation:
When the shares are authorized there is no specific entry,
When the authorized shares are issued then proceeds are debited to the cash account and the common stock account is credited by that amount.
In this case,
Common Stock will be credited by 100 * 1 =$100
Hope that helps.
Answer:
Explanation:
Debit $ Credit$
a. Cash 3000000
Sales revennue (500*6000) 3000000
Warranty expenses 55000
Estimated warranty liability 55000
Estimated warranty liability 20000
Cash account 20000
b. Cash account 3000000
Sales revenue (500*6000- 56000) 2944000
Unearned warranty revenue 56000
Warranty expenses 20000
Cash account 20000
Unearned warranty revenue 20364
Warranty revenue (56000*20000/55000) 20364
