In which Step of production process are materials manipulated

the graph to the right depicts the per unit cost curves and demand curve facing a shirt manufacturer in a competitive industry 2

natulia [17]

The firm will exit or leave the industry as its not making any profits.

<h3><u>CALCULATION OF THE PROFITS</u></h3>

According to the Question,

The firm produces at P = MC

Where we know,

Q = 55 units

P = $4.78

ATC or Average Total Cost = 6.76

AVC or Average Valuable Cost = 3

P > AVC so the firm produces to minimize losses at the MC = P.

Profit = ( P - ATC ) × Q

=( 4.78 - 6.76 ) × 55

= - 108.9

The profit is - 108.9 dollars per minute.

As the firm in the industry is making losses ( a negative profit ) so it will exit the industry in the long run.

To know more about competitive firms, check the given link.

brainly.com/question/28104159

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8 0

2 years ago

Assume that a college student spends her income on Coke and Snickers. During finals week, the price of a Snickers candy bar is $

Ratling [72]

Answer:

The answer is: 10 Snickers bars and 20 cans of Coke.

Explanation:

To find out what combination she can buy with her total income ($32.50) we can just multiply the price of each product by its quantity;

If she buys 24 snickers bars and 12 cans of coke she will spend:

(24 x $0.75) + (12 x $1.25) = $33 SHE CAN´T AFFORD TO BUY

If she buys 24 snickers bars and 12 cans of coke she will spend:

(22 x $0.75) + (14 x $1.25) = $34 SHE CAN´T AFFORD TO BUY

If she buys 24 snickers bars and 12 cans of coke she will spend:

(15 x $0.75) + (18 x $1.25) = $33.75 SHE CAN´T AFFORD TO BUY

If she buys 24 snickers bars and 12 cans of coke she will spend:

(10 x $0.75) + (20 x $1.25) = $32.50 <u> </u><u>SHE CAN AFFORD TO BUY</u>

8 0

3 years ago

On August 1, Greene Company purchased merchandise inventory on account with a list price of $25,000 and credit terms of 2/10, n/

Alekssandra [29.7K]

Answer:

August 1, merchandise purchased on account 2/10, n/30

Dr Merchandise inventory 25,000

Cr Accounts payable 25,000

Explanation:

If Greene paid within the discount period, the journal entry to record the payment would be:

August 2-11, payment of accounts payable

Dr Accounts payable 25,000

Cr Cash 24,500

Cr Purchase discounts 500

If Greene didn't paid within the discount period, the journal entry to record the payment would be:

August 20, payment of accounts payable

Dr Accounts payable 25,000

Cr Cash 25,000

5 0

3 years ago

A company decides on the worth of a product, keeping in mind the disposable income of customers

Artist 52 [7]

Household net disposable income is calculated by taking the sum of household income, wages, and other earned money and subtracting all income taxes paid. To break this down, you will add up your household wages, salaries, any other income, net property income (if applicable), and any net transfers in kind (net amount).

3 0

3 years ago

A group of 2-year-old infants are selected for a special program because their iq scores are very low. five years later, most of

Gennadij [26K]

The special program that they have conducted to the infants worked. The experiment was a success. And because of this, they could conduct more, special programs and even in a larger amount of infants they can conduct this. This special program is really beneficial to each and every one of them.

3 0

3 years ago