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frosja888 [35]
4 years ago
13

A firms supply curve is equal to _________________ above the minimum point on the ________________curve. Select the correct answ

er below: marginal revenue; average total cost marginal cost; average variable cost average total cost, marginal cost average variable cost, average total cost
Business
1 answer:
Sergio [31]4 years ago
3 0

Answer:

The correct answer is: marginal cost; average variable cost.

Explanation:

The supply curve of a perfectly competitive firm is equal to its marginal cost curve above the minimum point of its average variable cost. This happens because the firm supplies at the point where its price is equal to marginal cost and covering the average variable cost.  

In case the product price does not cover the average variable cost, the firm will stop production.

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Recently there have been several mergers involving Big Four accounting firms. One such merger involved the firms of Arthur Young
Elodia [21]

Answer:

The correct answer is: Horizontal Merger.

Explanation:

A Horizontal Merger occurs when companies within the <em>same industry</em> merge. Competing firms that offer similar goods and services are the most likely to merge horizontally. The potential gain in market share is much greater for such companies. They can also create an organization that has the chance to combine operations for more efficient functioning.

7 0
4 years ago
Any item that has a definite monetary value is able to be used as:
Alex777 [14]
An installment payment is equal payments every month, meaning it is the correct answer. (B)
7 0
3 years ago
During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021: Date
Triss [41]

Answer:

Ending inventory = $227

Cost of good sold = $1,333

Explanation:

Note: The data in the question are merged together and they are first sored before answering the question as follows:

Date    Transaction               Number of Units   Unit Cost   Total Cost

Jan. 1    Beginning inventory       20                       $55          $1,100

Sep. 8   Purchase                         <u>10                          26              260 </u>

Total                                              <u>30                                        $1,360</u>

The explanation to the answers are now as follows:

Weighted cost per unit = $1,360/30 = $45.3333

Ending inventory =  (30 - 25) * $45.3333 = $227

Cost of good sold = 25 * $45.3333 = $1,333

8 0
4 years ago
If the demand for air travel were to change so that business travelers and vacationers have the same price elasticity of demand
UNO [17]

Answer:

Option "B" is correct

Explanation:

The increase in the airline of business years with bring about uniformity of price elasticity between them and vacationers.

4 0
4 years ago
What is the maximum fine for a willful or repeat OSHA violation?​ a. ​up to $12,600 per day b. ​up to 10% above $126,000 c. ​$70
crimeas [40]

Answer:

C) ​$70,000

Explanation:

The US Department of Labor has established a range of fines that can be imposed on an employer who willfully or repeatedly violates any OSHA requirement, standard, rule or order. This range of fines starts with a minimum of $5,000 and up to a maximum of $70,000.

6 0
3 years ago
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