Answer: E. None of the Statements is true.
Explanation:
Statement 1 is false because the firm should shutdown only after market prices have dropped below Average Variable Costs not Average Fixed costs because the fixed costs have already or will be incurred regardless. The best way to limit losses would be to stop the activity that adds more costs per unit which would be variable costs.
Statement 2 is also false because profit will be made when the firm sells at a price that exceeds Average Total Cost not just Average Variable Cost.
The firm maximises profit at a point where Marginal Revenue equals Marginal Cost. If Marginal Revenue exceed marginal cost as it the case here, it means resources are being underutilised and the perfectly competitive firm needs to produce more to maximise profit not less. Statement 3 is therefore wrong as well.
Answer:
I RLLY NEED THESE POINTS IM SO SORRY!
Explanation:
Answer:
$0
Explanation:
As we know that the life insurance proceeds would be recieved by the beneficary on the insured person death is tax free
Since the amount of $12,000 would be received by May Green on her insured father so this amount would be tax free
Therefore the amount that subjected to income tax is $0
Answer:
The correct answer is letter "A": You should dispute the error with a credit agency or with a bank/lender and locate any receipts or other written proof that the data is not correct.
Explanation:
It is important to review your credit report frequently to spot errors. In such cases, you must the corresponding financial institutions to make the corrections necessary. If proof is needed you should send it. The objective is to <em>keep your information as accurate as possible</em> so your credit rating can increase every year.
Answer:
$610,000
Explanation:
Based on the information given if he were to consider using the land and as well as the facility in a new project the COST that he should include in the PROJECT ANALYSIS will be the amount of $610,000 reason been that we were told received an offer of the amount of $610,000 for the land and as well as the facility last week.
Therefore using this land and facility in a new project, the cost that he should include in the project analysis will be $610,000
