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2 years ago

A market might have an upward-sloping long-run supply curve if:

Business

1 answer:

Elan Coil [88]2 years ago

6 0

Answer:

a. firms have different costs.

Explanation:

A market might have an upward-sloping long-run supply curve if

a. firms have different costs.

b. consumers exercise market power over producers.

c. all factors of production are essentially available in unlimited supply.

d. the entry of new firms into the market has no effect on the cost structure of firms in the market.

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Government-regulated maximum rent levels are an example of what? A. price floors B. public good C. rationing D. price ceilings

OLga [1]

D. Price ceiling

This is a government regulation that establishes a maximum price for a specific thing.

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3 years ago

One approach to organization is putting activities that are similar under one person. ________ called this ""unity of direction.

IgorLugansk [536]

Answer:

Explanation:

One approach to organization is putting activities that are similar under one person. Fayol called this ""unity of direction."" . Fayol was the first person who outlined the functions of management. He has fourteen principles of management; Unity of directions is one of the principle which narrates that One boss, one plan for a group, of activities having the same objective. As unity of direction principle, it leads all the members of the organization towards a common goal to achieve its objective.

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3 years ago

A company with a high ratio of fixed costs:

garik1379 [7]

Answer:

The correct answer is: more likely to experience a loss when sales are down than a company with mostly variable costs.

Explanation:

The fixed cost ratio is a simple ratio that divides fixed costs by net sales.

The profit formula is:

Profit = Sales- Total cost =(Price * Q)-(FC + VC*Q)

Where

FC=Fixed cost

VC= variable cos t

Q=produce quantity

If sales go down, we have to pay this fixed cost even if we have no sales. So if this Fixed cost are high , is most likely we are going to experience loss

4 0

3 years ago

What is Average cost

Vladimir79 [104]

Arvrage cost is the total cost divided by the number of units.

5 0

3 years ago

Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2

ValentinkaMS [17]

Answer:

(B) Operating income has increased as a percentage of revenue

Explanation:

Conducting a vertical analysis,

Operating income (year 1) = Fees earned, less operating expenses

= 149,700 - 127,245 = $22,455

Therefore operating income as a percentage of revenue = 22,455/149,700 = 15%.

Operating income (year 2) = 153,500 - 122,800 = $30,700

Therefore operating income as a percentage of revenue = 30,700/153,500 = 20%.

Therefore, operating income as a percentage of revenue increased from year 1 to year 2.

7 0

3 years ago