1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
juin [17]
4 years ago
5

The short-run industry supply curve is the

Business
2 answers:
tigry1 [53]4 years ago
8 0

Answer: a. horizontal summation of the short-run supply curves for all firms in the industry

Explanation: R. G. Lipsey stated that the short-run industry supply curve is the horizontal summation of the short-run supply curves for all firms in the industry. In a perfect competitive industry, each produces quantity of goods that are sold at similar prices, therefore, it is quite obvious that the industry supply curve in the short run, under perfect competition is equal to the horizontal summation of all firms’ supply curves or its marginal cost curves (shows the change in the total cost that arises when the quantity produced is incremented by one unit) above the minimum point of the average variable cost curve (shows the relationship between costs incurred by a firm in the short-run production of a good or service and the quantity produced curve).

Daniel [21]4 years ago
5 0

Answer: The correct answer is "a. horizontal summation of the short-run supply curves for all firms in the industry.".

Explanation: The supply curve of the industry, in a situation of  short term, which under perfect competition is obtained  horizontally adding supply curves  individuals of all companies.

You might be interested in
Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual in
babymother [125]

Answer:

The Journal entries are as follows:

(a) On November 5,

Merchandise inventory A/c  Dr. $6,000

To Accounts payable                              $6,000

(To record the purchasing of Merchandise inventory)

(b) On November 7,

Accounts payable A/c        Dr. $250

To Merchandise inventory                  $250

(To record the returned units)

(c) On November 15,

Accounts payable A/c     Dr. $5,750

To cash                                                $5,635

To Merchandise inventory                 $115

Workings:

Final amount due:

= Cost of goods purchased - Cost of goods returned

= 6,000 - 250

= $5,750

Discount amount:

= Final amount due × Discount percentage

= 5,750 × 2/100

= $115

Cash payment to be made:

= Final amount due - Discount amount

= 5,750 - 115

= $5,635

3 0
3 years ago
Read 2 more answers
a strike by steelworkers raises steel prices how is the market for minivans affected ? will it increase or decrease?
bulgar [2K]

the costs of producing a minivan rise so the supply of minivans decreases.

4 0
3 years ago
Given below are several ratios. "Select the accounts or amounts that would be used in order to calculate the ratio. You will hav
kirill [66]

Answer:

Dividend yield ratio.

(a) Market price per share

(e) Common dividends per share

Explanation:

The formuls it's

Cash Dividends per Share (Common)

=================================   =   DIVIDEND YIELD

Market Value per Share (Common)

As the outstanding shares are the same, it is only necessary to divide the value of the dividend per share by the market price of the outstanding shares.

4 0
3 years ago
A new skills training initiative is aimed at increasing the ability
wel

Answer:

Structural Unemployment

Explanation:

Structural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural UnemploymentStructural Unemployment

3 0
3 years ago
According to the presentation which sector of agribusiness involves Packers and advertisements​
Daniel [21]
I’m confused myself to so I’m not really sure ?!
8 0
3 years ago
Other questions:
  • Although holding a territory can prove costly in terms of the energetic outlay necessary to defend or advertise the territory, t
    11·1 answer
  • An increase in demand for "green-certified" products will ________ a firm's economic profit, and the increase in costs to have a
    13·1 answer
  • What is the effect of using both a variable and a control in an experiment?
    10·1 answer
  • How do countries benefit by being members of economic​ communities? A. The balance of payments become equalized B. Tariffs on im
    7·1 answer
  • Latoya is responsible for her company’s human resource information system. She wants to expand the system’s usefulness and is pr
    13·1 answer
  • Johnson is appraising two parcels of property. One is leased to the government for use as a post office; the other is leased to
    9·1 answer
  • Name the written test a potential driver must pass and list the minimum required score to earn a learner’s license.
    6·1 answer
  • There are 300 purely competitive farms in the local dairy market. of the 300 dairy farms, 298 have a cost structure that generat
    8·1 answer
  • Briefly explain 3 ways in which multinational corporations are developed​
    5·1 answer
  • a product not on the commerce control list or whose export control classification number does not call for an export license is
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!