All categories

2 years ago

Define the law of demand in a perfectly competitive market

1 answer:

3 0

Is a microeconomics law that states, all other factors being equal, as the price of a good or service increases, consumers demand for the good or service will decrease, and vice versa

You might be interested in

What fortnite divsion r u in on arena im in division 6 drop ur name

Vedmedyk [2.9K]

Answer:

kittyplays

Explanation:

3 0

3 years ago

Read 2 more answers

Earnings per share (EPS)

Marta_Voda [28]

Answer:

The correct answer is letter "D": Is useful in comparing earnings performance for the same company over time.

Explanation:

Earnings Per Share or EPS is a measure of the income of one given company. EPS is determined by subtracting dividends from the company's profit and dividing the amount by the number of outstanding shares. Higher EPS are convenient for institutions since it implies the revenue is being higher which is likely to attract more investors.

8 0

3 years ago

The following information for "2019" pertains to Bartley Corporation: Capital contributions by shareholders $50,000 Realized los

Nadusha1986 [10]

Answer:

$13,500

Explanation:

Bartley's gross income should include only two items:

income from rent paid directly to a bond holder
income from rental property in a sinking fund

2019 gross income = $8,000 + $5,500 = $13,500

The net gains or losses associated to the selling or rebuying of stocks are considered capital gains or losses, and they are taxed differently than gross income.

7 0

3 years ago

When marginal costs are below average total costs, a. average fixed costs are rising. b. average total costs are falling. c. ave

hoa [83]

Answer:

The correct answer is option b. average total costs are falling.

Explanation:

When marginal cost is below average total cost, average total cost will be falling whereas the average cost will be rising when the marginal cost is above average total cost.

A firm is highly productive and efficient when the average total cost is the lowest. At this point, the average total cost is also equal to the marginal cost i.e.

Average Total Cost (ATC) = Marginal Cost (MC).

3 0

3 years ago

Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its m

algol [13]

Answer:

option (b) $69,768

Explanation:

Data provided in question:

Estimated manufacturing overhead = $73,440

Estimated machine-hours = 1,800

Actual manufacturing overhead = $68,700

Actual machine-hours = 1,710

now,

The predetermined overhead rate = $\frac{\textup{Estimated manufacturing overhead}}{\textup{Estimated machine-hours}}$

The predetermined overhead rate = $\frac{\textup{73,440}}{\textup{1,800}}$

The predetermined overhead rate = $40.8 per hour

Therefore,

The applied manufacturing overhead for the year

= Actual machine-hours × predetermined overhead rate

= 1,710 × $40.8

= $69,768

Hence,

the correct answer is option (b) $69,768

5 0

3 years ago