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Lana71 [14]
2 years ago
12

A competitive firm has been selling its output for $20 per unit and has been maximizing its profit, which is positive. Then, the

price falls to $18, and the firm makes whatever adjustments are necessary to maximize its profit at the now-lower price. Once the firm has adjusted, its Question 6 options: 1) quantity of output is lower than it was previously. 2) average total cost is lower than it was previously. 3) marginal cost is higher than it was previously. 4) All of the above are correct.
Business
1 answer:
soldi70 [24.7K]2 years ago
4 0

Answer: 1) quantity of output is lower than it was previously.

Explanation:

In a competitive firm, the Price is the same as the Marginal Revenue and as this firm is maximising its profit, it is the same as Marginal cost as well.

If the price drops to $18, this would mean that the Marginal cost is now higher than the Marginal revenue which means that the company is making losses per every additional unit sold.

Company will respond by cutting production so that it can bring the marginal cost down to the Marginal revenue level thereby resulting in the quantity output being lower than it previously was.

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The following account appears in the ledger prior to recognizing the jobs completed in January: Work in ProcessBalance, January
exis [7]

Answer:

Year-end WIP 62,200

jounral entry for completed jobs:

-------------------------------------

Finished Good Inventory   1,149,800 DEBIT

  WIP inventory                              1,149,800 CREDIT

-------------------------------------

Explanation:

<u>WIP </u>

Beginning  $     72,000

Materials    $   390,000

Labor          $   500,000

Overhead   <u>$   250,000</u>

Total WIP    $  1,212,000

<u />

<u>Finished Jobs:</u>

Job 210  $  200,000

Job 224 $  225,000

Job 216  $  288,000

Job 230 <u>$  436,800</u>

Total       $ 1,149,800

the jobs complete will move to finished good and credit WIP inventory

WIP year-end:

1,212,000 - 1,149,800 = 62,200

7 0
3 years ago
The largest capital market security outstanding in 2019 measured by market value was:_______
yulyashka [42]

The largest capital market security outstanding in 2019 measured by market value was cooperate stocks.

<h3>What is cooperate stocks?</h3>

Corporate stock, can as well be described as the equity security,  which serves as the instrument  that is been utilized by corporations  in order to raise capital.

However to  purchase stock in the company, the buyer is entitled to voting rights , hence The largest capital market security outstanding in 2019 measured by market value was cooperate stocks.

Learn more about cooperate stocks at:

brainly.com/question/25818989

#SPJ1

8 0
1 year ago
Lauren Barton, a single mother with three children, lived in Portland, Oregon. Cynthia VanHorn also lived in Oregon until she mo
AleksandrR [38]

The cengage learning for the mitigation is the difference between the agreed upon $72000 less what was earned from  the $25000 position that barton managed to obtain

<u>Explanation</u>:

Mitigation of damages:

In the case of barton v. vanhorn a court would consider barton's attempts at findings similar employment a reasonable step in mitigating her damages.

Under the doctrine of damage mitigation, a wrongfully terminated employee must look for other compartable employment, and subtract whatever you make from that job from what you request in damages.

Damages in the case would be the difference between the agreed upon $72000 less what was earned from  the $25000 position that barton managed to obtain.

6 0
3 years ago
You design HR management and payroll software. At a recent networking event, you met the HR manger at a small local accounting f
ratelena [41]
I believe it is formal
7 0
3 years ago
Which of the following is the right order of the steps that companies generally follow in designing a customer-driven marketing
podryga [215]

Answer:

C.

Explanation:

Companies cannot appeal to all buyers in the marketplace, or at least not to all buyers in the same way.

This strategy focuses on targeting a specific set of customers, retaining them by meeting their needs, and using metrics to measure their satisfaction.

Steps:

-Market segmentation. Is the process that companies use to divide large heterogeneous markets into small markets that can be reached more efficiently and effectively with products and services that match their unique needs.

-Market targeting. Consists of a set of buyers who share common needs or characteristics that the company decides to serve.

-Differentiation. A market coverage strategy in which a firm decides to to target several market segments and desing separate offers for each. Focus on how the company can create differentiated value for targeted segments.

-Positioning. The way the product is defined by consumers on important attributes. The place the product occupies in consumers’ mind relative to competing products.

8 0
3 years ago
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