Answer:
a. 1, and total revenue and price move in the same direction
Explanation:
Unit elasticity of demand is when a change in price leads to a proportional change in quantity demanded.
A good has a unit elastic demand when its coefficient of elasticity is equal to one.
If price increases by 20% , quantity demanded falls by 20%.
If price falls by 20%, quantity demanded increases by 20%.
I hope my answer helps you.
Answer:
D
Explanation:
In my opinion, option d includes all major points of harassment
Answer:
Option (a) and (b) are considered or correct.
Explanation:
Under the following two conditions, a firm in a perfectly competitive market produces at a point where the marginal revenue is equal to the marginal cost:
(i) Minimum AVC < Price < minimum ATC : Yes
In this case, a firm may suffer a loss but it will be able to cover its minimum average variable cost. Hence, this firm continue operating in this market and if he shut down its operation then he may suffer a larger loss. Therefore, it chooses to continue operating under this market conditions.
(ii) Price > minimum ATC : Yes
In this case, the price received by the seller is greater than the minimum average total cost. Therefore, the firm is able to cover all of its cost of production and earning an economic profit. Hence, it obviously chooses to continue its operation.
The third option is not considered here because in this case, the firm won't be able to cover its variable cost.
Answer:
$42,853
Explanation:
The computation of the allowable MACRS depreciation on Convers’s property in the current year is shown below:
<u>Assets Place in service Quarter Original Basis Rate Depreciation</u>
Machinery
(7 years) Oct 25 4th $70,000 14.29% $10,003
Computer
Equipment
(5 years) Feb 03 1st $10,000 20% $2,000
Used delivery
truck
(5 years) Mar 17 1st $23,000 20% $4,600
Furniture
(7 years) Apr 22 2nd $150,000 14.29% $21,435
Qualified
improvement
(39 years) May 12 2nd $300,000 1.605% $4,815
Total $553,000 $42,853
Refer to the MACRS depreciation table
and we used the half year convention
Answer:
The answer is cost accounting system.
Explanation:
Cost accounting is a tool that allows you to estimate the actual price of the products, which allows you to establish a profit margin for each unit sold. Depending on the activity of the company, several techniques are used such as production costing, process costing, standard costing, absorption costing, etc.
