1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fofino [41]
3 years ago
12

Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many buyers and many sellers in t

he dog-grooming service market. JL Groomers experiences normal cost curves, with the marginal cost (MC) curve crossing average variable cost (AVC) at $14 and average total cost (ATC) at $22. JL Groomers’ long-run supply curve would be the:
a. marginal revenue (MR) curve above $14.

b. marginal revenue (MR) curve above $22.

c. marginal cost (MC) curve above $14.

d. marginal cost (MC) curve above $22.

e. average variable cost (AVC) curve above $14.
Business
1 answer:
Elza [17]3 years ago
3 0

The answer is marginal revenue (MR) curve above $22.

Explanation:

Jim and Lisa Groomers will maximize its accounting profit when taking it to 0 its economic profits when marginal revenue = marginal costs.

Economic profits are not the same as accounting profits because they include the opportunity costs of investing the money somewhere else. That is whythe long run firm is not able to make economic profits since as they exist, new competitors will enter the market. But in the case of the shoert run, the firms are able to make economic profit, but by doing so, they cannot maximize their accounting profit.

Economic profit = account profit = Opportunity profit

Opportunity cost are extra costs or benefitslost from choosing one activity or investment over another one.

You might be interested in
When a potential business owner asks, "How can I improve on this?" it is an example of _________
Lisa [10]

i think it is Marketing?

3 0
3 years ago
Michael operates his health food store as a sole proprietorship out of a building he owns. Based on the following information re
11Alexandr11 [23.1K]

Answer:

c. $31,000

Explanation:

Calculation for the Net self-employment income

Gross receipts $100,000

Less Cost of goods sold ($49,000)

Less Depreciation expense ($5,000)

Less Utilities($6,000)

Less Real estate taxes ($1,000)

Less Sec. 179 expense ($1,000)

Less Mortgage interest ($7,000)

Net self-employment income $ 31,000

Therefore the Net self-employment income will be $ 31,000

7 0
3 years ago
Sprint Planning is the only occasion where the Development Team estimates the Product Backlog Items A. True, because without est
Amanda [17]

Answer:

true

Explanation:

8 0
2 years ago
One reason why a blanket obligation for all employees to obey their employers no matter what is unreasonable is that the choice
Serjik [45]

Answer:TRUE

Explanation:COERCIVE FORCE is a force applied to a person or a group of persons in order to make them carry out an involuntary action or actions. It is used by employers of labor in order to mandate their employees to carry out certain activities. All Employees are required by their employers to obey the rules and regulations guiding the establishment even when it is not based on the interest of the employees.

3 0
3 years ago
The yield to maturity on a discount bond is: equal to both the coupon rate and the current yield. equal to the current yield but
dlinn [17]

Answer:

greater than both the current yield and the coupon rate.

Explanation:

A discount bond is a bond that at the point of issuance, it's less than its face or par value.

When a bond is trading for less than its face value in the market, it's known as a discount bond.

The yield to maturity on a discount bond is greater than both the current yield and the coupon rate. This simply means that the coupon rate is usually lower than the yield to maturity of the discount bond.

Additionally, the yield to maturity can be defined as the bond's total rate of return required by the secondary market while the coupon rate is defined as the annual interest of a bond divided by its face value.

For instance, when a bond is issued at a par or face value of $5,000, at maturity the investor would be paid $5,000. But because bonds are being sold before its maturity, it would trade below its face value.

Hence, a bond with the face value of $5,000 could trade for as low as $4,800, thus making it a discount bond.

8 0
3 years ago
Other questions:
  • What do the arrows on the eagle mean?
    7·1 answer
  • J.D. formed Clampett, Inc., as a C corporation (calendar tax year) with J.D., Granny, and Jethro, Inc. (a C corporation) as shar
    10·1 answer
  • Assume that you own an investment that will pay you $15,000 per year for 12 years, with the first payment today. You need money
    9·1 answer
  • The market interest rate related to a bond is also called the
    13·1 answer
  • "which mode of transportation would cost the least per ton mile?"
    14·1 answer
  • One consequence of a property distribution by a corporation to a shareholder is thatA.the holding period of the distributed prop
    6·1 answer
  • The following items could appear on a bank reconciliation:
    15·1 answer
  • Yuhhhhhhh yu alr know the vibesss<br> im now a expert yhhhhhhhhhhhhhhhhhhhhh
    6·2 answers
  • Help quick!
    8·2 answers
  • A report by Bedell, Cohen, and Sullivan promotes the use of full-service case management as practice based on an analysis of a p
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!