One that would be beneficial to myself and my family.
Competitive price taker firms always earn zero economic profit in long-run equilibrium because of the following reasons which include easy entry & exit, small player etc.
Perfect competition exists when there are many sellers, firms can easily enter and exit, products are identical from one seller to the next, and sellers are price takers.
A perfectly competitive firm must accept the equilibrium price at which it sells goods because it is a price taker.
A perfectly competitive firm will be unable to make any sales if it charges even a small amount more than the market price.
Furthermore, a perfectly competitive firm must be a very small player in the overall market, allowing it to increase or decrease output without affecting the overall quantity supplied and price in the market.
Hence, Competitive price taker firms always earn zero economic profit in long-run equilibrium.
Learn more about Long-run equilibrium:
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Answer: Form 8-K
Explanation:
An 8-K is a report the corporate changes that happens at an organization. The information given in form 8-K is important to the shareholders of the organization and also to the Securities and Exchange Commission.
Events such as bankruptcy, acquisitions, resignation of directors can all be seen in the report.
When it comes to the deformation of rocks, it is believed that water weaken the chemical bonds that constituent mineral grains. Water forms a film around the mineral and weaken the bonds. This is why wet rocks tend to act in a more ductile manner. If a rock is dry, they tend to be more brittle.
Answer:
False
Explanation:
Cost
This is simply defined as a payment of cash or the commitment to pay cash in the future for revenues purpose. E.g. The cash used to purchase a tractor, is the cost of the tractor.
Conversion costs
This is simply regarded as direct materials, direct labor, and factory overhead costs that can be selected together or grouped together for analysis and reporting. It consist of direct labor in factory overhead costs.
The Equation for Conversion cost is simply = Direct Labor Cost + Manufacturing Overhead Cost.
While the Equivalent Units of Production = Number of Units Transferred to the next department + Equivalent Units in Ending Works in Process Inventory.
The equation for Equivalent units of production for conversion cost is given below: Units completed and transferred out + Equivalent units in ending work in process for conversion cost.
The equation for Cost per equivalent unit for conversion cost is simply =
(conversion cost of beginning work in process + conversion cost added during the period)/ Equivalent units of production for conversion cost.
