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nekit [7.7K]
3 years ago
9

Suppose the cost curves for a firm in a perfectly competitive market have the typical shapes. At what point does the firm achiev

e productive​ efficiency? Productive efficiency occurs at the quantity and average cost
Business
1 answer:
max2010maxim [7]3 years ago
6 0

Answer:

In a perfectly competitive market, a firm will achieve productive efficiency when the price of its products is equal to the minimum average cost.

Since firms in a perfectly competitive market are price takers, their total output will always be equal to the efficient amount. If their output is larger, they will be losing money and if they produce at a lower level they should try to reach the efficient amount to earn the highest possible profit.

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Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month for the first department fol
Helga [31]

The equivalent units for the month for the first department for material is 48,000 and for labor and overhead 46000.

What is the weighted average ?

  • One of three methods for valuing the stock in your company's inventory is the weighted average cost method, which establishes the average cost of all the products in your inventory based on their individual costs and the quantity of each item that is kept on hand.
  • The weighted average is used by businesses to calculate the amount that goes into inventory and the cost of products sold (COGS).
  • Due to the variety of inventory stock kinds or the same stock items being purchased at various times, a firm may pay varying costs when purchasing pieces of inventory.

Total units transferred = 42000

and, units of ending WIP = 6000(material),  4000(Labor),  4000(overhead)

So,

Equivalent units of production = 48000(material), 46000(Labor),  46000(overhead)

The equivalent units for the month for the first department for material is 48,000 and for labor and overhead 46000.

Learn more about weighted average here:

brainly.com/question/16557719

#SPJ4

4 0
1 year ago
Country Able and Country Baker initially have the same real GDP per capita. Country Able experiences no economic growth, while C
muminat

Answer:

The correctt answer that fills the gap is Double.

Explanation:

GDP per capita, income per capita or income per capita is an economic indicator that measures the relationship between the level of income of a country and its population. For this, the Gross Domestic Product (GDP) of said territory is divided by the number of inhabitants.

The use of per capita income as an indicator of wealth or economic stability of a territory makes sense because through its calculation, national income is interrelated (through GDP in a specific period) and the inhabitants of this place.

The objective of GDP per capita is to obtain data that shows in some way the level of wealth or welfare of that territory at a given time. It is often used as a measure of comparison between different countries, to show differences in economic conditions.

4 0
3 years ago
Alpha Wood Interiors announced that it is going out of business. As of today, no more regular dividends will be paid. The firm w
xz_007 [3.2K]

Answer:

$44.52

Explanation:

The value of the stock today can be determined by finding the present value of the liquidating dividends

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = 17

Cash flow in year 1 = 32

I = 6%

PV = $44.52

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

4 0
3 years ago
One external factor that can lead to aggressive behaviors is ________, which occurs when goal-directed behaviors are blocked. A
kirill115 [55]

Answer: Frustration

Explanation:

 Frustration is one of the general emotions in the psychology that basically refers to the annoyance, disappointment and the anger. It basically arises due to the unsuccessful and when the individual goals are blocked or not completed.

Frustration is basically refers to the negative behavior and it also lead to demotivate the person towards their goals and it result due to the interpersonal interaction with others.

Therefore, Frustration is the correct answer.

3 0
3 years ago
Short question answer:-<br>1. Define culture.​
marin [14]

Answer:

culture is your behavior, religion, art, a way of living, for a society or family that was passed on from past generations.

3 0
3 years ago
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