When supply increases, the supply curve shifts to the right.
<h3>What is the supply curve?</h3>
This is the curve that is used to show the amount of goods that the producers would be able to make available for the market at a particular price. The supply curve shifts to the right when there is an increase in supply in the economy.
Hence this answers our question by saying that When supply increases, the supply curve shifts to the right.
Read more on supply curve here: brainly.com/question/11717727
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Answer: The answer is "b. A group of individuals with different product requirements".
Explanation: The definition of a market segment refers to a homogeneous and large group of consumers that can be recognized within a market, who have similar desires, buying habits, and who will react similarly to the power of marketing.
Answer:
COGS= $31,597.5
Explanation:
Giving the following information:
Direct materials $13.00
Direct labor 8.80
Manufacturing overhead 16.50
Last year, Wooten & McMahon Enterprises produced and sold 825 units
First, we need to calculate the cost of goods manufactured:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 0 + 13 + 8.8 + 16.5 - 0= $38.3
Total cost of goods manufactured= 825*38.3= $31,597.5
Now, we can calculate the cost of goods sold:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 0 + 31,597.5 - 0= $31,597.5
Answer:
B. the longrun profit would be negative.
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A firm would shut down in the short run if price is less than average variable cost and exit if it is making a loss
Answer:
a) Notes payable = current liabilities
b) Unearned rent = current liabilities
c) Accounts payable = current liabilities
d) Taxes payable = current liabilities
Explanation:
Current Liabilities are Company`s Obligations that are due for settlement within a period of 12 months.
All the above Accounts are would be classified as current liabilities as settlement in cash or service <em>(when in comes to unearned rent)</em> is due within 12 months.
