All categories

3 years ago

The short-run supply curve for an individual firm operating in a perfectly competitive market is:

Business

1 answer:

Tamiku [17]3 years ago

6 0

Answer: d. the marginal revenue curve at or above the average variable cost curve

Explanation: short-run supply curve of a firm in a perfectly competitive market describes the relationship between price (P) and quantity supplied (Q). Supply curve in this type of market is a time in which there is an increase in quantity of goods produce by increasing variable factors while fixed factors remain the same.

One major feature of a short run market is that supply of a commodity is kept constant until price becomes greater or equal to average variable cost (AVC), supply is consistent until marginal cost (MC) is equal to average revenue (AVR).

You might be interested in

Determine the value of z.

TiliK225 [7]

Explanation:

Let angle y be the unknown angle inside the triangle.

given

y + 87 + 34 = 180 (sum of angles in a triangle)

$y + 87 + 34 = 180 \\ y + 121 = 180 \\ y = 180 - 121 \\ = 59$

given y + z = 180 (angles on same straight line)

$y + z = 180 \\ 59 + z = 180 \\ z = 180 - 59 \\ = 121$

3 0

3 years ago

Read 2 more answers

On January 1, Year 1, the Accounts Receivable balance was $20,100 and the balance in the Allowance for Doubtful Accounts was $1,

wel

Answer:

$18,400

Explanation:

A/R $20,100

Less: Allowance for doubtful accounts ($1,700)

net realizable value of A/R $18,400

The write off amount is already included in allowance for doubtful accounts on provision basis therefore it can't be separately deducted again.

4 0

3 years ago

The store purchases used goods for resale from people that bring items to the store. since that can occur anytime that the store

KiRa [710]

That doesnt seem right

5 0

4 years ago

Indicate whether the above items should be disclosed (A) in the summary of significant accounting policies note, (B) in a separa

Drupady [299]

Answer:

(A) in the summary of significant accounting policies.

Explanation:

It has the company's financial statements and also describes the key policies that are being followed by the accounting department. This policy summary is mandated by the accounting framework like IFRS or GAAP.

6 0

3 years ago

"The New Age Gallery has different admission prices for students, adults, and seniors. All three groups are entitled to the same

Pani-rosa [81]

Answer:

Customer-segment pricing

Explanation:

Customer-segment pricing is a form where the price of the product is grounded on the segment of the customer. It is the segmentation of the price, where the different prices are charged to different people for the similar or the same service or the product.

In this case, the gallery has a different admission prices for seniors, adults and students and they are entitled to have a same service, this form of the pricing is known as the customer pricing segment.

3 0

3 years ago