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Goshia [24]
3 years ago
12

A competitive firm produces a product using labor and plastic. The firm is initially in equilibrium. If the cost of plastic sudd

enly increases, which of the following will occur?
A. The demand curve for the product will shift to the left.
B. The firm's demand curve for plastic will shift to the left.
C. The firm will increase the number of units offered for sale.
D. The firm will definitely go out of business, since competitive firms earn zero economic profits in equilibrium.
E. The firm's marginal costs will increase at each level of output.
Business
1 answer:
romanna [79]3 years ago
3 0

Answer:

B

Explanation:

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Which of the following is NOT a factor affecting sustainability of a competitive advantage? a. Availability of substitutes for a
choli [55]

Answer:

Th answer is: D) Length of time the core competence has existed

Explanation:

Your competitive advantage will last as long as the competition can´t successfully imitate your strategies. No competitive advantage is eternal. At some point the competition will be able to overcome your competitive advantages either by imitation or by developing new products or services due to environmental changes. Companies must always develop additional competitive advantages so that they are ahead of their competition.

For example, in the future, electric cars will make cars with internal combustion engines obsolete. So no matter how good a BMW is right now, in the future if they can´t develop good electric cars they will go out of business.

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4 years ago
Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2
balandron [24]

Answer:

e. Debit Allowance for Doubtful Accounts $2,000

Credit Accounts receivables A-Hopkins $2,000

Explanation:

When a company use the allowance method of accounting for uncollectible accounts, the company would actively review and book bad debt expenses for any debt in doubt of collection. The entry would be; Debit Bad debt expenses, Credit Allowance for doubtful debt

However, where there is sufficient evidence that these debts goes into default, no more expenses would be recorded , instead

Dr. Allowance for doubtful debt $2,000

Cr. Account receivable $2,000

(To record written off receivables)

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3 years ago
Which tasks are common to all Energy pathways?
Gennadij [26K]
Performing calculations and using equipment
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Your sister is starting 9th grade next year and is thinking about going to college. What step would you recommend she take first
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College credit classes so she be out of highschool faster
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3 years ago
Read 2 more answers
A recent income statement of McClennon Corporation reported the following data:
arsen [322]

Answer:

The correct answer is option b.

Explanation:

The number of units of output sold is 8,000 .

The sales revenue is $9,600,000 .

The variable costs are $6,000,000 .

The fixed costs are $2,600,000.

The price of the product

= \frac{Sales\ Revenue}{Q}

= \frac{9,600,000}{8,000}

= $1,200

The average variable cost is

= \frac{TVC}{Q}

= \frac{6,000,000}{8,000}

= $750

Profit =  TR - TC

Profit = Price\ \times\ Q - (AVC\ \times\ Q )\ +\ TFC)

$1,270,000 = $1,200Q - $750Q - $2,600,000

$3,870,000 = $450Q

Q = \frac{3,870,000}{450}

Q = 8,600 units

7 0
3 years ago
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