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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.

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faltersainse [42]

Answer:

Accounting rate of return = 20.53%

Explanation:

<em>The accounting rate of return is the average annual income expressed as a percentage of the average investment.</em>

The simple rate of return can be calculated using the two formula below:

Accounting rate of return

= Annual operating income/Average investment × 100

Average investment = (Initial cost + scrap value)/2

                                     = 30,000/2= 15,000

Accounting rate of return = ( 3080/15,000) × 100 = 20.53%

Accounting rate of return = 20.53%

3 0
3 years ago
On January 1, a company made a sale of $87,500, on credit. If the credit terms were 2/10, n/30, what would be the amount of the
worty [1.4K]

Answer:

b. $1750

Explanation:

Provided that

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6 0
3 years ago
What is the difference between ordinal utility and cardinal​ utility? Ordinal utility refers to A. satisfaction when consumers a
adoni [48]

Answer:

I strongly believe that the correct answer is B. Im going to give an example. if we take into account a company like Honda produces 4000 units, for example Mercedes Benz produces 7000 units, this is very important for welfare economics which tries to put values on consumption.

Explanation:

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3 years ago
________ is the process of distributing indirect costs to products. cost allocation job cost recording cost pooling cost tracing
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I believe the answer is cost allocation.
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creativ13 [48]

Answer:

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The government should try to subsidize the market to allow for a hiher quantity of organge an achieve the socially optinal quantity.

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3 years ago
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