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
grin007 [14]
3 years ago
14

A firms have no incentive to enter or exit the industry. Select one: a. market price is equal to minimum long.run average cost.

b. each firm earns a normal return. c. both a and c d. all of the above
Business
1 answer:
Artyom0805 [142]3 years ago
6 0

Answer: The correct answer is "d. all of the above"

Explanation: In a perfectly-competitive industry a firm have no incentive to enter or exit the industry when:

- market price is equal to minimum long-run average cost.

- each firm earns a normal return.

This happens because in perfect competition companies reach a long-term equilibrium where extraordinary benefits are eliminated.

You might be interested in
Which of the following statements is false? A. Healing is one characteristic of a servant leader. B. Servant leaders place the g
irga5000 [103]

D is the correct answer.

Servant leaders can't lead if subordinates are not open to being guided.

Please vote my answer brainliest. thanks!

6 0
3 years ago
During its first year of operations, Mack's Plumbing Supply Co. had sales of $550,000, wrote off $8,800 of accounts as uncollect
vova2212 [387]

Answer:

$60,500

Explanation:

With regards to the above, the write off does not affect the realizable value of accounts receivables. Also, the total asset or net income is not affected by the write off or specific account. Instead, both assets and net income are affected in the period when bad debt expense is predicted and then recorded with an adjusting entry.

Accounts receivables

$550,000

Less:

Allowance for doubtful account

($550,00 × 2.5%)

($13,750)

Estimated realizable accounts receivables

$536,250

If the amount of bad debt decreases or increases as given below, then the income is also increased or decreased by the amount given.

Bad debts = $13,750

Uncollectible previously written off = $8,800

Difference

$4,950

Net income

$60,500

Less:

Difference

($4,950)

Reported income

$55,550

3 0
3 years ago
Elevator speech is another term for
Fynjy0 [20]

Answer:

An elevator pitch, elevator speech, or elevator statement is a short description of an idea, product, or company that explains the concept in a way such that any listener can understand it in a short period of time.

4 0
3 years ago
Read 2 more answers
General mills offers three sizes of its popular cereal cheerios: 10-, 14-, and 18-ounce boxes, and they are priced at approximat
Marina86 [1]

General Mills sold three sizes of cereal cheerios at $2.99, $3.99, and $4.49 each. Selling tactic used by the company is psychology pricing. General Mills used this technique to encourage customers to respond on emotional levels rather than logical ones.

<span>Setting the price of the cereal at $2.99 is proven to attract more consumers than setting it at $3.00, even though the difference is only $.01. Consumers are said to put more attention on the first number on a price tag than the last. </span>

4 0
2 years ago
The average annual return over the period 1926-2009 for the S&amp;P 500 is 12.0%, and the standard
arsen [322]

Answer:

C) -30.6%, 54.6%

Explanation:

95% Confidence Interval = (Average Return - 2*Standard Deviation, Average Return + 2*Standard Deviation)

=(0.12 - 2*0.213, 0.12 + 2*0.213)

= -30.6%,54.6%

Therefore, The 95% confidence interval for  2010 returns is -30.6%,54.6%.

5 0
2 years ago
Other questions:
  • At BCD car wash, when a customer arrives, he or she first checks in with a receptionist and then leaves the car to one of severa
    7·1 answer
  • A buyer has $20 to spend on rice and beans. Rice costs $2 and beans cost $3 per pound. The buyer is buying the combination of 4
    14·1 answer
  • Robin works for a small firm with only enough money budgeted to use one test to help with hiring decisions. What kind of test wo
    9·1 answer
  • Which of these roles is the highest ranking person in a company?
    11·2 answers
  • Prepare journal entries to record the following four separate issuances of stock. A corporation issued 9,000 shares of $10 par v
    15·1 answer
  • On January 1, 2021, David Mest Communications granted restricted stock units (RSUs) representing 30 million of its $1 par common
    12·1 answer
  • 2 (03.01 LC)<br> An unsecured loan (10 points)
    7·1 answer
  • Evaluating your data involves examining it in terms of reliability, relevance, expertise, adaptability, and biases.
    12·1 answer
  • Lucy is preparing to invest in a new online franchise, Notable Moments. The franchisor provides the exclusive software and train
    8·1 answer
  • Five fundamental economic problems​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!