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kupik [55]
3 years ago
14

Initially, a perfectly competitive industry that has 1,000 firms is in long-run equilibrium. Then 100 firms in the industry adop

t a new technology that reduces the average cost of producing the good. In the short run, the price ________, firms with the new technology make ________ economic profit, and firms with the old technology ________.
Business
1 answer:
Simora [160]3 years ago
7 0

Answer:

B. falls; positive economic; incur economic losses

Explanation: A perfectly Competitive industry is a collection of firms who are producing similar products,these firms are known as price takers as the pressure from the market forces and other impacts that causes an change in price will affect them easily as they will have to take the price even when it is not favourable to their business, this is done in order to remain competitive and relevant in the market.

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On June 1 of the current year, Jack and Angie purchased a rental beach house for $900,000 and rented it right away. Of that amou
nalin [4]

Answer:

a. $5,910

Explanation:

The computation of the deduction amount for depreciation is shown below:

= (Rental beach house - the amount of the land value) × depreciation rate

= ($900,000 - $600,000) × 1.97%

= $300,000 × 1.97%

= $5,910

Refer to the depreciation table and we assume the year would be 1 and the recovery period is 19 years is 1.97%

7 0
3 years ago
Costing the type of job costing​
ddd [48]
<h3>Answer: <em>To apply job costing in a manufacturing setting involves tracking which "job" uses various types of direct expenses such as direct labor and direct materials and then allocating overhead costs (indirect labor, warranty costs, quality control, and other overhead costs) to the jobs..</em></h3>

Explanation:

3 0
3 years ago
If you fail the behind-the-wheel driving test, you must pay a retest fee for a second or subsequent test and wait _______ before
Vilka [71]

If you fail the behind-the-wheel driving test, you must pay a retest fee for a second or subsequent test and wait<u> 1 week</u> before you are retested.

A driving test (additionally referred to as a using examination, driving force's test, or street check) is a procedure designed to check someone's capacity to drive a motor vehicle. It exists in numerous forms globally and is mostly a requirement to obtain a driver's license.

A driving test check typically includes one or elements: the realistic take a look at, called an avenue to take a look at, used to evaluate a person's driving capability underneath normal operating situations, and/or a written or oral check (concept check) to verify a person's know-how of driving and relevant guidelines and laws.

Learn more about driving test here: brainly.com/question/2666433

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8 0
1 year ago
When the allowance method of accounting for uncollectible accounts is used, then
Brums [2.3K]

Answer:

Bad debt expense is recorded in the same year as the credit sale.

Explanation:

Allowance method is generally refer to one of the ways for reporting the uncollectible or bad debt expense which results from a company selling the goods on credit.

This method is used for the process or procedure of uncollectible accounts receivable that records the estimate of the bad debt expense in the same accounting year to which is belongs as the sale. This method is used for adjust the accounts receivable appears on the balance sheet of the company.

4 0
3 years ago
Project management is no longer considered a special-need management tool; thus, learning project management skills is personall
svlad2 [7]

Project management is no longer considered a special-need management tool; thus, learning project management skills is personally useful because The skills and tools can be easily transferable.

<h3>What type of skills are transferable?</h3>

Transferable skills are known to be called  portable skills

These are known to be skills that a person often  take with them from one job to another. An example is a person's ability to clearly talk about ideas to others, solve unexpected issues, etc.

Therefore, Project management is no longer considered a special-need management tool; thus, learning project management skills is personally useful because The skills and tools can be easily transferable.

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8 0
2 years ago
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