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3 years ago

For a perfectly competitive firm, the marginal cost curve is identical to the firm’s ________________

1 answer:

4 0

If the firm is perfectly competitive, then this means that the marginal cost curve is simple similar to the firm’s supply curve. The level in which the marginal cost is equal to the marginal revenue is the level in which profit is maximized.

Answer:

<span>Supply curve</span>

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For my business Beauty Essentials would writing personalized thank you cards be better for each customer or should I just write

alexdok [17]

Answer:

Writing personalized thank you cards would be better for each customer because it would make the customer feel more appreciated since you put so much effort into making each thank you card. For the products, the name specifically depends on what the product is.

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3 years ago

Assume that cash is paid for rent to cover the next year. The appropriate debit and credit are:

vitfil [10]

Answer:

The correct answer is letter "B": Debit Prepaid Rent, credit Cash.

Explanation:

Prepaid rent is the rent paid in advance. Usually, rent payments are made every month by the beginning of the month but other timeframes can also be agreed upon the lease. <em>Prepaid rent is debited to prepaid assets and credited to accounts payable. When the check for the payment is cut, accounts payable is debited and a cash account is credited.</em>

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3 years ago

The number of customers who enter a bank is thought to be Poisson distributed with a mean equal to 10 per hour. What are the cha

VLD [36.1K]

Answer:

The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703

Explanation:

Firstly, we have to determine the segment unit, since the mean is 10 per hour, the segment unit is 1 hour.

The mean(m) = 10

since the period is 15 minutes = 0.25 hour, t= 0.25 hour / 1 hour. Therefore mt= 2*10 = 2.5

The poisson distribution formula P(x) = $\frac{(mt)^{x}e^{-mt} }{x!}$

Therefore the probability that 2 or 3 customers will arrive in a 15-minute period

P(x=2) or P(x=3) = P(x=2) + P(x=3) = $\frac{(2.5)^{2}e^{-2.5} }{2!}+\frac{(2.5)^{3}e^{-2.5} }{3!}$ = 0.2565 + 0.2138 = 0.4703

Therefore P(x=2) or P(x=3) = 0.4703

The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703

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2 years ago

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A fry cook at a fast food

scZoUnD [109]

Answer: a) call his manager

Explanation: he should call his manager and take a day off to go see his doctor.

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1 year ago

What kind of skills is necessary as an art and communication manager?

adoni [48]

Answer: all of the above

Explanation:

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2 years ago

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