Answer: eliminate the answer
Explanation:
In a series of multiple-choice questions ,when a respondent leave some check boxes without written answers next to them or answer incorrectly it could highlight the fact that they were not paying particular attention to their responses as a result the errors are eliminated
Answer:
perfect competitor
Explanation:
Given:
Firm's total revenue when 10 units are sold = $100
Firm's total revenue when 11 units are sold = $110
Average Revenue = 
or
Average Revenue = 
= $10
and,
the marginal revenue = $110 - $100 = $10
Since,
the average revenue and the marginal revenue for the firm is equal,
therefore, the is a perfect competitor
Answer:
Debit Interest Expense $17,304.80; credit discount on bonds payable $1,104.8; credit cash $16,200
Interest Expense A/c......................Dr $17,304.80
Discount on bonds payable A/c....Cr $1104.8
To Cash A/c............................Cr $16,200
Explanation:
Given the following :
Bond value = $346,096
Market rate = 10% = 0.1
Contract rate = 9% = 0.09
Par value = $360,000
Note : Semiannual payment = rate / 2
Calculating the cash value and interest expense:
Cash value :
Par value × contract rate
$360,000 × (0.09/2)
$360,000 × 0.045
= $16,200
Interest expense :
Bond value × market rate
$346,096 × (0.1/2)
$346,096 × 0.05
= $17,304.8
What happens in a perfectly competitive industry when economic profit is greater than zero?
The answer is all of the above. If a perfectly competitive industry has economic profit greater than zero then existing firms may expand their operations, firms may move along their LRAC curves to new outputs, there may be pressure on the market price to fall and new firms may enter the industry.
A perfectly competitive market is a hypothetical market where competition is at the highest level. Economists that study perfect competition state that this would be the best outcome of a market for consumers and society because each group would be evenly competing for consumers.
