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
charle [14.2K]
3 years ago
10

A competitive market produces the economically efficient outcome if the following conditions are met, except Multiple Choice

Business
1 answer:
jarptica [38.1K]3 years ago
5 0

Answer:

The correct answer is (a)

Explanation:

In a competitive market, numerous producers compete to provide homogeneous goods to the customers. As many producers produce homogeneous goods which is why they are price takers, and they produce goods as long as it equals the marginal cost. So, in a competitive market, units are produced for which benefits are equal to the cost.

Marginal cost = Marginal revenue

You might be interested in
Which education and qualifications are most helpful for Revenue and Taxation careers? Check all that apply.
yarga [219]

Answer:

Customer service skills

Integrity

Math skills

Knowledge of finance

Explanation:

6 0
2 years ago
Read 2 more answers
Match the terms with their descriptions. Customer Inquiry Quotation Customer Purchase Order A. An agreement to purchase the stat
REY [17]

Answer:

matched as below

Explanation:

A. An agreement to purchase the stated material, for the stated price, under the stated terms..<u>.Customer Purchase Order.</u>

A purchase order represents instructions contained in an order document given out by a customer to business to deliver the goods specified in the order. The customer has committed to buy the goods stated in the order. A customer will prepare a Customer purchase order based on a quotation provided by a business.

B. It spells out the availability and prices of the materials specified in the inquiry. It is prepared by the sales department. ..<u>Quotation.</u>

A quotation is a document prepared by a company detailing the availability of specified good or services and their prices. A quotation will be issued in response to an inquiry from a customer.  The sales department prepares the document in consultations with the stores department.

C. A request for information about the availability and prices of the products that a customer is interested in...<u>Customer Inquiry</u>.

A Customer Inquiry is a document that specifies items or services that customer would wish to buy from the business. The customer seeks to know if the company deals with specific products, their prices and availability.

5 0
3 years ago
Sportly, Inc. completed Job No. B14 during 2011. The job cost sheet listed the following: Direct materials $44,000 Direct labor
Damm [24]

Based on the direct materials, the direct labor, and the manufacturing overhead, the cost of finished goods on hand is $33,600.

<h3>What is the cost of finished goods on hand for this job?</h3><h3 />

Cost of goods on hand is:

= Cost of goods per unit x Number of goods on hand

Cost of goods per unit is:
= (44,000 + 24,000 + 16,000) / 3,000 units

= $28 per unit

Cost of goods on hand:

= 28 x (3,000 - 1,800)

= $33,600

Find out more on finished goods at brainly.com/question/26764271.

#SPJ1

3 0
2 years ago
Classify the following items as (1) prepaid expense, (2) unearned revenue, (3) accrued revenue, or (4) accrued expense: a. Cash
slava [35]

Answer:

a. Unearned Revenue; b. Accrued Revenue; c. Accrued Expense; d. Prepaid Expense

Explanation:

Prepaid Expenses : Expenses paid before due

Unearned Revenue : Revenue earned before due i.e Advance Income

Accrued Revenue : Revenue earned i.e due , but not received

Accrued Expense : Expense due but not paid i.e Outstanding Expense

a. Cash received for use of land next month = Unearned Revenue or Advance Income

b. Fees earned but not received in cash = Accrued Revenue / Accrued Income

c. Wages owed but not yet paid = Accrued Expense / Outstanding Expense

d. Supplies on Hand = Prepaid Expense

3 0
3 years ago
Jessica works for ABC Shoes. At​ ABC, Jessica is responsible for establishing​ structure, strategic​ goals, and guiding her empl
vesna_86 [32]

Answer: Top Manager

Explanation:

Top manager are managers at or near the upper levels of the organization structure who have the responsible for making organization wide decisions and establishing the plans and goals that affect the entire organization.

Top managers typically have titles such as executive vice president, president, managing director, chief operating officer, or chief executive officer.

3 0
3 years ago
Other questions:
  • A company incurred $1,000 in costs to produce 500 units which sell for $1,500. Upon inspection, it was determined the units were
    10·2 answers
  • Marina Manufacturing is considering buying new equipment for its factory. The new equipment will reduce variable labor costs but
    12·1 answer
  • Marianne manages a landscaping company. She supervises 19 people who perform relatively routine jobs that require minimal traini
    15·1 answer
  • Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $ 30,000 Accounts receivabl
    7·1 answer
  • Assume that the interest rate on borrowing in Japan is 1 percent, while the interest rate on deposits in Australian banks is 5 p
    9·1 answer
  • Advertising revenue, the lifeblood of newspaper operations, ______.
    6·1 answer
  • In a duopoly game we observe the following payouts: if the two firms collude they will each earn $50,000. If one firm cheats the
    11·1 answer
  • Nash Corporation has outstanding 343,000 shares of $10 par value common stock. The corporation declares a 10% stock dividend whe
    11·1 answer
  • Which best describes why investing can be such a challenge?
    11·2 answers
  • Is the ad trying to get people to do something? If so, what is it trying to get people to do? If it isn't trying to get people t
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!