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Sophie [7]
3 years ago
13

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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Henry Garrison starts the month with a balance on his credit card of $1,130. The average daily balance for the month, including
hoa [83]

Answer:

Interest expense $ 11.15

Explanation:

As the bank uses the average daily balance excluding new purchases we should use that amount to solve for the interest expense.

The rate is one and a half percent therefore, 1.5% --> 0.015

principal x rate = interest

$743 x 0.015 = $ 11.145

3 0
3 years ago
Marsha is 23 years old and single. She cannot be claimed as a dependent by another taxpayer. Marsha earned wages of $18,500 and
Vedmedyk [2.9K]

Answer:

1. d. Both a and c.

2. True.

Explanation:

Marsha and Shelby both are U.S. citizen. Marsha can claim Income credit once she is 25 years older up to 65 years of age. The individual below 25 years of age cannot claim income credit according to the tax law prevailing in U.S.

8 0
3 years ago
Kahil Mfg. makes skateboards and uses a weighted average process costing system. On May 1, 2013, the company had 400 boards in p
shutvik [7]

Answer:

Equivalent Units     Materials        1700       Conversion  2630

<u>Cost per EUP Materials:</u>  38.308     Conversion : 19.55

Explanation:

The weighted average method can be calculated using the beginning inventory and the units started .

 

Kahil Mfg

Weighted Average Method

Particulars        Units          % Of Completion             Equivalent Units

                                        Materials    Conversion  Materials    Conversion

Beginning

Inventory     400                70                 85             280               350

<u>Units Started  3800          40                  60            1520             2280         </u>

<u>Equivalent Units                                                        1700              2630</u>

<u />

Beginning WIP Inventory costs

                                               Direct material             Conversion  

                                                     $ 4,349                        4,658

Current period costs

<u>                                                        60,775                        46,750        </u>

<u>Total Costs                                 65,124                          51,408            </u>

<u />

<u>Cost per EUP</u>

                                               65,124/1700              51,408/2630

                                                 38.308                      19.55

5 0
3 years ago
Providing and recording documents are performed by:____________.
postnew [5]

Providing and recording documents are performed by : The closing agent

<h3>Who is a closing agent?</h3>

Closing agents are basically professionals who acts directly for the buyer by making interest of the buyer known to the seller. They are usually associated with real estate transactions.

A closing agent could be a lawyer speaking to a bank or lender. The actual closing is conducted by a closing agent who might be a worker or employee of the lender or the title company or organization.

Other duties of a closing agent are :

  • Ordering title work and a property survey.
  • Issuing commitment title.
  • Assisting with obtaining requisite insurance
  • Issuing and sending the title insurance policy to both the buyer and lender
  • Assembling the loan closing package .

Therefore, closing agent responsible for providing and recording documents.

Learn more about closing agent here : brainly.com/question/8023863

5 0
2 years ago
How did the long sunday holiday contribute to the collapse? check all of the boxes that apply. stockbrokers who still had profit
Bumek [7]
Stockbrokers who still had profits on their books were afraid that their profits would disappear.

Stockbrokers who had losses were afraid that those losses might get larger.

Investors decided to get out of the market. 

3 0
3 years ago
Read 2 more answers
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