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saul85 [17]
2 years ago
10

A profit firm in a competitive industry should ________ when marginal costs are falling.

Business
1 answer:
lora16 [44]2 years ago
3 0

Answer:

C) Raise output until marginal costs are equal to marginal revenue

Explanation:

According to my research on Macro Economics and Business Structures, I can say that the best thing to do when marginal costs are falling would be to Raise output until marginal costs are equal to marginal revenue. This is because you are able to produce the same amount of product for less value as marginal costs fall.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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Public Domain
Arte-miy333 [17]

Answer:

a

Explanation:

3 0
2 years ago
Read 2 more answers
BE18.8 (LO 2) Presented below are three revenue recognition situations. a. Groupo sells goods to MTN for $1,000,000, payment due
dem82 [27]

Answer:

a. Groupo sells goods to MTN for $1,000,000, payment due at delivery.

  • transaction price = $1,000,000
  • revenue recognized once the goods are delivered

No journal entry is required until goods are delivered and accepted.

b. Groupo sells goods on account to Grifols for $800,000, payment due in 30 days.

  • transaction price = $800,000
  • revenue recognized immediately since goods were already delivered

The journal entry:

Dr Accounts receivable 800,000

    Cr Sales revenue 800,000

c. Groupo sells goods to Magnus for $500,000, payment due in two installments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $464,000.

  • transaction price = $480,000
  • revenue recognized immediately since goods were already delivered

The journal entry:

Dr Notes receivable 500,000

    Cr Sales revenue 480,000

    Cr Discount on notes receivable 20,000

8 0
3 years ago
The fixed cost of a production system is $20,000, and the variable cost per unit product is $17. The product has a revenue of $2
dimaraw [331]

Answer:

Results are below.

Explanation:

Giving the following information:

Fixed costs= $20,000

Unitary variable cost= $17

Selling price= $28 per unit.

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 20,000 / (28 - 17)

Break-even point in units= 1,818 units

<u>Now, the profit for 1,500 units:</u>

Loss= 1,500*11 - 20,000= -$3,500

8 0
3 years ago
Question #3
love history [14]
It is a trade surplus
5 0
3 years ago
Read 2 more answers
Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what
zlopas [31]

Answer:

overstated

Explanation:

Adjusting entry is a term used in the accounting process, which describes journal entries usually carried out at the end of an accounting period to assign income and expenditure to the period in which they actually happened.

However, the journal entry to identify a deferred revenue is to debit or increase cash and credit or increase a deposit or another liability account.

Hence, Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what OVERSTATED

8 0
3 years ago
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