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3 years ago

When the price level decreases, firms in perfectly competitive markets will:

Business

1 answer:

Softa [21]3 years ago

6 0

Answer:

The correct answer is option b.

Explanation:

The law of supply states that other things being constant, the price of the product and its supply are positively related. This means that an increase in price will cause the quantity supplied to increase and vice versa.

In a perfectly competitive market, the firms are price takers. So a decrease in the price of the product will cause its quantity supplied to decline. Or in other words, when the price falls, the firms will reduce output.

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Kelly Company sells its only product for $250 per unit. It has variable costs of $90 per unit. Annual fixed operating costs amou

zhuklara [117]

Answer:

the break even point in units is 120,000 units

Explanation:

The computation of the break even point in units is shown belwo:

= Annual fixed operating cost ÷ (Selling price per unit - variable cost per unit)

= ($19,200,000) ÷ ($250 per unit - $90 per unit)

= $19,200,000 ÷ $160 per unit

= 120,000 units

hence, the break even point in units is 120,000 units

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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3 years ago

Inventory depletion is a warning sign of: Impending inflation. A recessionary gap. Cyclical unemployment. Both a recessionary ga

vovangra [49]

Answer:

Both a recessionary gap and cyclical unemployment.

7 0

3 years ago

Elaine is upset with her group members because she wanted to lead the group but is not allowed to. She found that other group me

AnnyKZ [126]

Using Tuckman’s stages of group development, we know that Elaine’s group is going through a stage called storming.

In this stage of group development, aside from having difficulties in adjusting to their roles, Elaine’s group and group members would also experience disagreements regarding priorities, tensions between one another, hostility with each other, and there would also be cliques forming inside the group.

7 0

3 years ago

Please help me with this!!

Westkost [7]

The correct answer is Neutral stance

8 0

2 years ago

Archie Co. purchased a framing machine for $45,000 on January 1, 2021. The machine is expected to have a four-year life, with a

k0ka [10]

Answer: $10,000 and $25,000

Explanation:

DEPRECIATION FOR 2022.

Straight line method of depreciation means it depreciates by the same amount every year. You can calculate by

(Cost - Residual Value) / useful life.

=($45,000 - $5,000) / 4

= $10,000.

Each year the framing machine reduces by $10,000 meaning in 2022 the depreciation will be $10,000.

BOOK VALUE AT DECEMBER 31, 2022

We've established that every year the value drops by $10,000.

On December 31, 2021, it dropped by $10,000.

On December 31, 2022, it dropped by another $10,000.

Adding that together gives you 10,000 + 10,000 = $20,000.

$20,000 is the total depreciation at the end of 2022.

Subtract that figure from the cost,

=$45,000-$20,000

=$25,000.

BOOK VALUE ON DECEMBER 31, 2022 is $25,000.

8 0

3 years ago