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umka2103 [35]
3 years ago
10

For a perfectly competitive firm that does not shut down, the supply curve is a. the portion of the marginal cost curve at or ab

ove its average variable cost curve. b. the portion of the marginal revenue curve above its marginal cost curve. c. the portion of the marginal cost curve above its average cost curve. d. equal to its average variable cost curve. e. the same as the demand curve that the firm faces.
Business
2 answers:
Musya8 [376]3 years ago
8 0

Answer:

The correct answer is   A)

For a perfectly competitive firm that does not shut down, the supply curve is the portion of the marginal cost curve at or above its average variable cost curve.

Explanation:

For a perfectly competitive firm, the <em>marginal cost curve</em> is similar to the firm’s <em>supply curve</em> starting from the minimum point on the average variable cost curve.

To understand why this perhaps surprising insight holds true, first think about what the supply curve means.

A firm checks the market price and then looks at its supply curve to decide what quantity to produce.

Now, think about what it means to say that a firm will maximize its profits by producing at the quantity where P = MC. This rule means that the firm checks the market price, and then looks at its marginal cost to decide what quantity to produce—and ensures that the price is greater than the minimum average variable cost.

In other words, the marginal cost curve above the minimum point on the average variable cost curve becomes the firm’s supply curve.

Cheers!

mylen [45]3 years ago
4 0

Answer:

Option "C" is correct.

Explanation:

This occurs when the portion of the marginal cost curve is above its average cost curve.

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GaryK [48]

Answer:

$1,155,478

Explanation:

Present value is the sum of discounted cash flows

Present value can be found using a financial calculator

Cash flow in year 1 = $100,000

Cash flow in year 2 =  $20,000

Cash flow in year 3 = $480,000

Cash flow in year 4 = $450,000

Cash flow in year 5 = $550,000

I = 9%

Present value = $1,155,478

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

5 0
3 years ago
Debts and obligations of a business are referred to as:.
sertanlavr [38]

Answer:

Liabilities

Explanation:

Liabilities are the debts and obligations that a business owes.

4 0
2 years ago
Which of the following is a PRE-READING activity designed to help build reading comprehension
kondaur [170]
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7 0
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_____ leaders are agents of change because they develop an appealing vision of the desired future state, communicate that vision
GrogVix [38]

Answer:

The correct answer here is B) Transformational leader.

Explanation:

Transformational leadership style is a type of leadership, where a leader would work with its team so that a leader can identify changes that are needed, leader would create a vision to guide change through the inspiration and executes that change in tandem with committed team members. Transformational leader also helps in enhancing the motivation, job performance and morale of its team and followers through various mechanism like being a role model to others, connecting with teams sense of identity.

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Fitch Supply Services received $1,000 cash from a customer; the amount was owed to the business from the previous month. What is
Solnce55 [7]

Answer:

Decrease the accounts receivable account in assets section of balance sheet by $1,000

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Explanation:

The Accounting equation for any entity is represented by the following equation:

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When the entity receive any amount from customer in respect of the any credit sale made to him, the account receivable in the asset section will be decreased by the that amount and the cash section in the asset section will be increased by that amount.

In this case, Fitch supply services shall

Decrease the accounts receivable account in assets section of balance sheet by $1,000

Increase the cash account in assets section of balance sheet by $1,000

7 0
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