The information about the marginal cost, average total cost, and average variable cost at the profit-maximizing point of production when a price ceiling has been imposed will be:
- Not higher than $10.
- Higher than $14.
- Higher than $10.
From the complete question, it should be noted that under perfect competition, in order to maximize profit, the price will be equal to the marginal cost. Based on the information given, the marginal cost won't be more than $10 due to the fact the ceiling price is at this price. Therefore, the <em><u>marginal cost</u></em><em> won't be more than $10.</em>
A firm in perfect competition will earn economic profit in the long run when the profit becomes zero. Therefore, the average total cost must be higher than $14.
Finally, the average variable cost won't be more than $10. This is because the price can't fall below the equilibrium price in order to maximize profit in perfect competition.
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Answer:
$0
Explanation:
Since Alex's child does not live with him for at least 6 months plus one day, he doesn't qualify for any income credit.
Alex himself cannot claim the earned income credit for an individual without a qualifying child because he is just 24 years old, and you must me at least 25 years old to qualify.
Answer and explanation:
Althea is covered by the Equal Employment Opportunity Commission (<em>EEOC</em>). The EEOC is an agency of the federal government of the United States that enforces federal laws regarding discrimination of <em>race, sex, age, religion, ethnicity, national origin or impairment</em>. Althea was fired with the excuse that it is not "appropriate" for an African American deejay to play music on a white Christian music station. This is reason enough to sue the radio station for discrimination.
Answer:
The true statement is "The cumulative translation adjustment account affects the amount of gain or loss reported upon the sale of a foreign subsidiary".
Explanation:
The current technique needs that each one quality and accountability books be interpreted at this rate whereas shareholders’ justice accounts are interpreted at ancient altercation rates. The distinction is mirrored finished the additive conversion alteration, therefore the quantity of improvement or loss according upon the auction of a distant secondary to the additive conversion alteration.
Answer:
a. $135,845.77
b. $79,154.23
Explanation:
The computation of the basis is shown below:
a. For Land
= Total value of the property × land appraised value ÷ Total appraisal value
= $215,000 × $158,750 ÷ $251,250
= $135,845.77
b. For warehouse
= Total value of the property × warehouse appraised value ÷ Total appraisal value
= $215,000 × $92,500 ÷ $251,250
= $79,154.23
The total appraisal value is
= $92,500 + $158,750
= $251,250
