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yuradex [85]
3 years ago
8

What is the supply curve for a perfectly competitive firm in the short​ run? The supply curve for a firm in a perfectly competit

ive market in the short run is A. that​ firm's marginal cost curve for prices at or above average variable cost. B. a horizontal line equal to the market price. C. that​ firm's marginal cost curve for prices at or above average fixed costaverage fixed cost. D. that​ firm's marginal revenue curve for prices at or above average total costaverage total cost. E. that​ firm's marginal costcost curve
Business
1 answer:
Ket [755]3 years ago
5 0

Answer:

A. that​ firm's marginal cost curve for prices at or above average variable cost.

Explanation:

In the short run, in the perfectly competitive market the supply curve states that average variable cost is more than that of marginal cost.

This is demonstrated by the lines on the graph as the curve of average variable cost is more wide than the curve of marginal cost, this is because the marginal cost decreases with each unit and the average variable cost increases.

Therefore, the correct option explaining the short run supply of perfectly competitive market is:

Statement A.

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For each item, state how it should be shown in the statement of cash flows for 2022. (a) Issued bonds for $200,000 cash. Choose
Anna35 [415]

Answer:

a) cash inflows from financing activity

b)Cash outflows from investing activity

c)Cash inflow from investing activity

d) Cash outflows from financing activity

Explanation:

8 0
3 years ago
A company has outstanding 10 million shares of $2 par common stock and 1 million shares of $4 par preferred stock. The preferred
deff fn [24]

Answer:

C. Preferred stockholders will receive the entire $300,000 and they must also be paid the remaining $20,000 sometime in the future before common stockholders will receive any dividends.

Explanation:

Preferred shares have preference over the common shares in respect of dividend. Since $300,000 is paid as dividend, the entire amount has to be paid to the preferred shareholders, as the total amount payable to them as dividend = $1,000,000 * 4 *8% = $320,000, which is more than the total dividend declared.

In addition, as the preferred shares have cumulative dividend preference the shortfall in any year is to be carried forward and paid in the year in which dividends are paid and that too before any dividend is paid to the common shareholders.

3 0
3 years ago
Bob's Boats uses job costing. They use direct labor hours as a basis for allocating overhead costs to jobs. Given the following
Anton [14]

Answer:

Bob's predetermined overhead rate = 9.91

Explanation:

Calculation for predetermined overhead rate

Predetermined overhead rate = Estimated (Budgeted) Overhead Expense / Estimated Direct Labor Hours

Predetermined overhead rate = 110917 / 11198

Predetermined overhead rate = 110.917 / 11.198

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8 0
3 years ago
Write the advantages of collecting rainwater​
AveGali [126]
5 advantages of collecting rainwater:

X) Reduces flooding and erosion.

X) Reduces water bills.

X) Reduces demand on ground water.

X) Can be used for non-drinking purposes.

X) Can be used for plant growth.

Hope it helps you
5 0
3 years ago
Your professor hands you a piece of paper with the number 75 on it and tells you this is your current average in the class. Sinc
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Answer:

Your professor hands you a piece of paper with the number 75 on it and tells you this is your current average in the class. Since this is your fourth year as a college student, you know you could work hard to bring that average up to a B by the end of the semester. This is data.

D. data

Explanation:

To understand what data is, consider the explanation below;

1. Data: data is a piece of raw information that can be converted to useful information. They are facts and statistics usually derived from observations and study that once processed and analysed, useful information can be extracted from it. Data can be analysed in different ways depending on the expected results. In the modern age, data is very important since they provided a factual basis for theories. Data can be processed manually or through the use of software applications.

An example of data is the score that the professor gave you which is 75, this score implies a specific grade ranking. This data was useful to you, since you analysed it and came to the conclusion that by working hard you can average this score up to a B by the end of the semester. The process through which you took the data which is 75, analysed it by comparing it to the grading system and coming to a conclusion is an example of data processing.

3 0
3 years ago
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