Answer:
65 firms will be in the industry at the new long run equilibrium
Explanation:
in the long run the P=ATC
quantity before the change is
200 = 1000-4Q
4Q = 800
Q= 200
each firm output = Q/number of firms = 200 / 50
q = 4
new quantity is
200 = 1240-4Q
4Q = 1040
Q = 260
number of firms=new Q/q
=260/4 = 65
the number of firms is 65 in the long run.
Answer:
Behan will recover his amount.
Explanation:
The contract has not been formed as the contract is only enforceable if the contract is legally allowed which means that the selling of fireworks in this case scenario is not allowed and hence Behan and Fourth of July Company are both equally responsible for not committing to such type of agreements. So the company must payback the money as the contract is not enforceable in the jurisdiction.
Answer:
Explanation:
1.
Petty Cash (200-50.6) Dr.$149.4
Cash Cr.$149.4
Freight In Dr. $58.4
Postage Dr.$40
Balloons Expense Dr.$20
Meals Expense Dr.$25
Cash Cr.$143.4
2. Petty Cash Dr.$50
Bank/Cash Cr.$50
Answer:
These are the answers for the question:
A. sequential data
B. formative data
C. primary data
D. secondary data
And this is the correct one:
C. primary data
Explanation:
Primary data or primary information is data that is gathered by the marketing researcher, directly from the source, and with the purpose of finding information to solve the marketing research question.
In this case, Super Fun is engaging in primary data collection because the marketing team will survey the customers directly, with the goal of understanding better customers wants and needs while they are at the Super Fun Park.
