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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).

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What is an expenses?

Lelu [443]

Answer:

It’s like the price or the cost

Explanation:

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3 years ago

Read 2 more answers

ncreased government spending spurs a short-run expansion. Over time, aggregate supply eventually __________, returning the econo

Natasha2012 [34]

If increased government spending spurs a short-run expansion. The statement that complete the gap is: Shifts to the left, Output endresources.

<h3>What is aggregate supply?</h3>

Aggregate supply can be defined as the overall amount of goods and service that a firm intend to produce and supply at a point in time or at a particular period of time.

If an increase in government spending lead to short run expansion this means that there will be shift in aggregate supply of goods and service as aggregate supply will tend to shift to the left.

Therefore the statement that complete the gap is: Shifts to the left, Output endresources.

Learn more about aggregate supply here:brainly.com/question/19802257

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2 years ago

Jobs in the skilled labor category require what?

son4ous [18]

Minimum of 2 years word experience. :)

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3 years ago

Ogan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year

Radda [10]

Answer:

Predetermined manufacturing overhead rate= $14.65 per direct labor hour

Explanation:

Giving the following information:

Estimated direct labor hours= 40,000

Estimated fixed overhead= $466,000

Estimated variable overhead rate= $3.00 per direct labor-hour.

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (466,000/40,000) + 3

Predetermined manufacturing overhead rate= $14.65 per direct labor hour

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3 years ago

On average, a person with a bachelor's degree earns

Georgia [21]

Answer:

Explanation:

the knowledge.. between a Bachelor degree and an associate degree. is leser

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