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3 years ago

If a firm in a perfectly competitive market shuts down in the short run, it will:

Business

1 answer:

Fittoniya [83]3 years ago

8 0

Answer:

C. lose money equal to its total fixed costs.

Explanation:

The revenue of a firm in a perfectly competitive market depends on the forces of demand and supply. If such a firm consistently operates at a loss in the short run, it means that its price is lower than its average variable costs or revenues are lower than its total costs. If it shuts down, it won't be incurring variable costs but only lose money equal to fixed costs making choice C correct.

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The advantage to savers and investors of receiving compound interest rather than simple interest is that future values are large

Maru [420]

Answer:

B. false

Explanation:

over time it becomes larger because you are bringing in more money from interest sitting there

3 0

2 years ago

All of the following are forms of cognitive bias except:_____.

Alecsey [184]

Answer:

Option C would be the correct answer.

Explanation:

Throughout objective reasoning, cognitive bias seems to be a weakness that has been triggered by that of the human brain's propensity to interpret knowledge through a prism of individual perspective including interests. The types of cognitive bias but for the remaining change.

The types of cognitive bias are almost as follows:

Overconfidence bias
Confirmation bias
Halo effect
Anchoring bias

The latter considerations provided are not closely linked to the case provided. So, the answer above is the right one.

6 0

3 years ago

Isabella was hit by a car while she was walking on the road and sustained minor injuries. She filed a case against the car drive

Y_Kistochka [10]

Answer:

B) Individual differences in perception

Explanation:

We all perceive things differently than other people, or in other words, we all see thing differently than other people. Depending on our mood and where we actually are, we perceive things differently. We also have the tendency to fill in blanks with some preconceived ideas, e.g. a person that suffered a prior accident will immediately imagine an action sequence resembling their own experience and will combine it with what they actually saw.

8 0

3 years ago

Golf course owners put their sprinklers on a ________ schedule so that people can know when they can play on the course without

Law Incorporation [45]

<span>b. continuous i think!!!
</span>

3 0

3 years ago

Ice Cream Corporation uses the weighted-average method in its process costing system. Data concerning the first processing depar

olya-2409 [2.1K]

Answer:

Ice Cream Corporation

The cost per equivalent unit for materials for the month in the first processing department is closest to:

= $14.30.

Explanation:

a) Data and Calculations:

Units Materials Conversion

Beginning work in process 2,400 $ 14,500 $ 6,600

Percentage of completion

Beginning work in process 75% 20%

Started into production 11,100

Units in production 13,500

Completed and transferred 10,000

Ending work in process 3,500 90% 30%

Costs added during the month $173,600 $243,600

Total costs of production

Beginning work in process $ 14,500 $ 6,600

Costs added during the month 173,600 243,600

Total costs of production $188,100 $250,200

Equivalent units of production:

Completed and transferred 10,000 10,000 (100%) 10,000 (100%)

Ending work in process 3,500 3,150 (90%) 1,050 (30%)

Equivalent units of production 13,150 11,050

Cost per equivalent unit:

Total costs of production $188,100 $250,200

Equivalent units of production 13,150 11,050

Cost per equivalent unit $14.30 $22.64

5 0

3 years ago