I think so, but there may be some exceptions--if any.
Answer: Option (A) is correct.
Explanation:
Correct Option: A.supply whatever amount consumers demand at a price determined by the minimum point on the typical firm's average total cost curve.
In the long run, equilibrium price of a perfectly competitive firm implies that there is no economic profit for the firm. This situation occur when the marginal cost is equal to the average total cost.
The firm is break even when the price is equal to the minimum point of average total cost of the firm. So, there is no possibility of economic profit for the firm.
Answer:
Under equity head.
The non-controlling interest not acquired in the investment here 20% is called as minority interest.
This Minority interest is shown under the equity section of a company, it is not shown under the liabilities head of balance sheet, as this is the interest held by other people in our subsidiary which is a minor share.
Answer:
(a) $3
(b) $1
(c) $2
Explanation:
(a) The amount of the tax on a bottle of wine:
= Price paid by consumers - Price received by sellers
= $5 - $2
= $3
(b) The burden that falls on consumers:
= Price paid by consumers after tax - Price paid by consumers before tax
= $5 - $4
= $1
(c) Burden that falls on producers:
= Price received by sellers before tax - Price received by sellers after tax
= $4 - $2
= $2
Answer:
See below ~
Explanation:
Filled in the attachment.