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IrinaK [193]
4 years ago
9

Which sequence describes the long-run adjustment process in a competitive market when firms are experiencing short-run economic

losses?
a. some firms exit, industry supply decreases, market price falls.b. some firms exit, industry supply decreases, market price rises.c. market price rises, some firms exit, industry demand decreases, market price falls.d. market price falls, some firms exit, industry supply falls.
Business
1 answer:
dedylja [7]4 years ago
7 0

Answer:

b. some firms exit, industry supply decreases, market price rises.

Explanation:

A perfect competitive industry is characterised by many buyers and sellers of homogenous goods and services. There are no barriers to entry or exit of firms.

If firms are making economic loss is the short run, in the long run, firms leave the industry. This leads to a fall in supply and prices rise as a result. In the long run, firms in a competitive industry earn zero economic profit.

I hope my answer helps you

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What is the difference between gross income, taxable income, and adjusted gross income?
melisa1 [442]

Answer:

Here is what I found, I hope it helps

Explanation:

Gross Income contains all money you earn that is not expressly removed from taxation under the Internal Revenue Code (IRC). The part of your gross income which is currently subjected to taxes is Taxable Income. To arrive at the number of Taxable Income, expenses are deducted from gross income. For a year, your Gross Income applies to all your pre-tax earnings, while your Adjusted Gross Income is mostly smaller and refers to your income after tax deductions. I could not find the difference between Adjusted Gross Income and Taxable Income.

6 0
3 years ago
Read 2 more answers
In the year 2003 the Acme Company had twice as many employees as managers. During the next 5 years, they hired twelve employees
likoan [24]

Answer:

B. NM2008 - 2 = 2 (NE2008 + 12)

Explanation:

Acme company has twice as many employees as managers so the number of employees would be multiplied by 2 to find the actual number of employees. The company will hire 12 new employees and will fire 2 managers in next 5 years. The correct equation will show the number of employees plus 12 new employees and managers minus 2 managers who are fired.

3 0
3 years ago
HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (10,700 units at $300 each) $ 3,210,000 V
Dima020 [189]

Answer:

1. Contribution margin per unit = $80

2. Contribution margin ratio % =25%

3. Break-even point units = 6300 units

4. Break-even sales dollars=  $2,016,000

Explanation:

Contribution margin per unit = Selling price per unit - Variable cost per unit

= $320 - $240

= $80

2. Contribution margin ratio = Contribution margin per unit / Selling price per unit  

= $80 / $320

= 25%

3. Break-even point in units = Fixed cost / Contribution margin per unit

= $504,000 / $80

= 6,300 units

4. Break-even point in sales dollars = (Fixed cost / Contribution margin per unit) X Selling price per unit

= ($504,000 / $80) X $320

= $2,016,000

7 0
4 years ago
High noon sun, inc. has a 5%, semiannual coupon bond with a current market price of $988.52. the bond has a par value of $1,000
9966 [12]

The answer is 4.5 years

Given : semi annual bond

current market price : $988.52

par value : $1,000

maturity : 5.29%

PMT = 5% x $1000 / 2 = $25,

PV = $988.52,

FV = $1000, and

Int/half a year = 5.29%/2 = 2.645%.

Solving for N = 9 (semi annual periods).

9/2 = 4.5.

5 0
3 years ago
A(n) _____ offering can rarely be experienced in advance of a sale while a(n) _____ offering can be tested before purchase.
taurus [48]

An <u>intangible</u> offering can rarely be experienced in advance of a sale while a <u>tangible</u> offering can be tested before purchase.

In marketing, the word "tangible" refers to matters that are bodily, that is, objects that can be touched, seen, heard, or smelled. Tangible marketing is the use of promotional objects to make contributions to brand popularity and customer loyalty.

Intangible products seek advice from business enterprise services that are not bodily in nature. Learn greater about intangible products, what falls into the category, and a way to promote products that can't be touched.

Tangible assets are usually anything you could physically touch—from inventory to homes to copying machines. Intangible assets, in the meantime, are anything of the cost that you can't bodily touch together with trademarks, domains, and the goodwill you have built up around your agency's reputation.

Learn more about Tangible assets here brainly.com/question/21885644

#SPJ4

3 0
2 years ago
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