each of the statements shown is characteristic of a phase in the development of a competitive market industry. please classify each statement as a cause of firms exiting the market, the number of firms in the market remaining stable, or firms entering the market.
Answers
Firms would exit the market in the following circumstances:
Price is less than average cost Firms post an economic loss.The market would remain stable in the following circumstances:
No firms earn economic profitFirms would enter the market in the following circumstances:
Price is greater than average cost.Firms earn both economic profit and accounting profit.A competitive market industry is characterised by many buyers and sellers of identical goods and services. Market price is set by the forces of demand and supply.
In the long run, firms would earn only accounting profit. If a firm earns economics profit in the short run, firms would enter the industry in the long run. This would reduce economic profit to zero.
In the short run if firms earn economic loss, in the long run, firms would leave the market. As a result, economic profit would rise to zero.
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Related Questions
match each label to the appropriate scenario. note that some labels may be used more than once, while other labels may not be used at all. additionally, some scenarios may apply to multiple labels, while other scenarios will only apply to one label.
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Demand and supply increases in this scenario:
Gasoline: a new housing development goes up. Several new gas stations are built nearby
Demand increases and supply decreases in this scenario:
Taxis: public transit workers at a popular tourist attraction go on strike as a holiday weekend approaches
Demand and supply decreases in this scenario:
Pumpkins: an early frost destroyed much of the pumpkin crop. A newspaper reports zucchini is better for pie than pumpkin.
Demand decreases and supply increases in this scenario:
Corn: news media run stories about people with corn allergies. The corn crop is unusually large.
The factors that lead to a change in the demand of a good
Change in the price of a substitute good: if the price of a substitute good increases, the demand for the good increases and if the price of the substitute decreases, the demand for the good decreases. Reports: If a favourable report is released about a good, the demand for the good would increase. If the opposite is the case, the demand for the good would decrease. Change in weather: When winter is approaching, the demand for winter coats would increase and it would decline in summer.Factors that lead to a change in supply
A change in the number of suppliers: if the number of suppliers of a good increases, there would be an increase in supply of the good. If the number of suppliers declines, there would be a fall in supply. Natural disaster: A flood would reduce the supply of a good.Please find attached more information needed to answer this question. A similar question was answered here: https://brainly.com/question/14456267
A serious rumor is spreading through the grapevine that eight managers in the Northeast Region will be fired due to underperformance. The stores are buzzing with speculation about this rumor, upsetting managers and sales staff and distracting them from doing their jobs. What method do you choose to address this matter
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The best method which should be chosen to address this matter regarding the rumor about the firing of managers in the company is:
Make the firing decision immediately so that business can return to normal and replacements madeAccording to the given question, we are asked to state the best method to be chosen to address this matter regarding the rumor about the firing of managers in the company
As a result of this, we can see that when rumors like this circulate around the workplace, the output of the workers would reduce and this would have a negative impact in the company. It would best to make a decision quickly so that business would resume as normal.
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Common stock's par value ______. (Check all that apply.) Multiple select question. has become less meaningful because states use other means to prevent stockholders from removing capital from financially distressed companies equals the amount of cash contributed by shareholders was introduced to prevent bankrupt companies from unfairly distributing company resources affects how common stock is recorded
Answers
Considering the available options, Common stock's par value "has become less meaningful because states use other means to prevent stockholders from removing capital from financially distressed companies."
Also, Common Stock's par value "was introduced to prevent bankrupt companies from unfairly distributing company resources."
Again, Common Stock's par value "affects how common stock is recorded."
Generally, Common stock's par value is the amount or price of stock shown on the bond certificate. It is usually between $0.10 to $0.01.
Hence, in this case, it is concluded that the correct answer is options A, C, and D.
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what are control accounts in accounting??
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In accounting, the controlling account is an account in the general ledger for which a corresponding subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail.
Under the LIFO retail inventory method, the cost of a new layer added during the period is determined by multiplying the retail value of the layer by the:________.
a. cost-to-retail percentage based on the goods available for sale.
b. beginning-inventory cost-to-retail percentage.
c. current-period cost-to-retail percentage.
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Answer:
C. current-period cost-to-retail percentage.
Explanation:
________ strategy involves the types of decisions made and direction created for a company that operates multiple lines of business.
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Which among the 4 common errors that leads to unbalanced account is the EASIEST to resolve. Explain Why.
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The common errors that leads to unbalanced account and are the easiest to resolve includes the error of Omission, Commission. Original Entry and Duplication.
In accounting, there are different type of error that could result to the unbalanced account, that is, leaving the Trial balance or Balance sheet unbalanced.
Generally, the recognized type of errors in accounting includes:
Error of Original EntryError of DuplicationError of OmissionError of Entry ReversalError of Principle Error of CommissionTransposition ErrorsRounding Errors etcIn conclusion, the common errors that leads to unbalanced account and are the easiest to resolve includes the error of Omission, Commission. Original Entry and Duplication because they are easy to correct.
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If you don't meet a deadline at work, you could: *
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Answer:
Failing to meet a deadline in the workplace may result in disappointing your co-workers, receiving a negative reaction from your boss, or even hurting your company as a whole. If you cultivate time management skills early, you will have a better chance of success in your future career.
Select this link to view the North American Free Trade Agreement Preamble. How does this agreement help the nations involved? Check all that apply. It reduces barriers to trade. It coordinates trade with other trade agreements. It promotes industry development and trade. It requires environmental protection. It builds up a common military. It protects workers’ rights.
Answers
The North American Free Trade Agreement (NAFTA) helps nations involved in that:
It reduces barriers to trade. It promotes industry development and trade.It requires environmental protection.It protects worker's rights.The NAFTA was mostly a trade agreement which means that it is meant to reduce the barriers that member countries have in trade as well as promote facilities that encourage trade such as industrial development.
It then goes further to require that the environment be protected by member states and that workers be treated fairly with all appropriate rights.
In conclusion, the NAFTA was a comprehensive trade agreement that did a lot of things.
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Answer:
1, 3 ,4 , and 6
Explanation:
I got it right on edge , good luck guys:)
One advantage of using the ______ channel over the ______ channel is the much higher probability of having a deeper assortment of merchandise available.
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The internet is also used in marketing product and services. One advantage of using the Internet channel over the retail channel is the much higher probability of having a deeper assortment of merchandise available.
Digital marketing is simply an alternative name for internet marketing that covers all types of online marketing. It comprises of video marketing, email marketing, content marketing, social media marketing etc.
Some common type of internet marketing are Social media marketing. Influencer marketing. Affiliate marketing. Email marketing. Content marketing.
The purpose of online marketing is mainly to increase website traffic to the product site. Online marketers often uses new and innovative ways to come up with strategies to promote their individual sites.
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Employee turnover at a company is low overall, but many employees from one department are seeking transfers to other divisions. Which situation is most likely an explanation for the employees seeking to leave their department
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One situation that is likely to be an explanation for employees looking to leave their department is an increase in workplace conflicts.
This situation is known as voluntary turnover, where employees choose to leave a department, due to some adverse situation such as a conflict, or in search of better job opportunities.
Therefore, it is necessary to implement actions that reduce labor turnover, analyzing the causes of the increase in this instance, in an attempt to improve the work environment with greater communication, integration, training and cooperation.
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When prices are sticky in the short-run, the economy is forced to respond to shocks in the economy with changes in:
Answers
Answer:
output and employment
Tangible assets are first recorded at ______. Multiple choice question. current market value or resale value the amount of cash paid for them all costs to acquire them and prepare them for use cost minus residual (or salvage) value
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Tangible assets are first recorded at costs to acquire them for use.
Tangible assets are fixed assets which is referred to as the physical assets which a company/Buisness owns to carry out its daily activities in order to create profit .They include investments, cash, inventory, vehicles, office equipment, buildings,machines, etc
Tangible assets are very important to businesses as they
Help in business operations to provide goods and servicesServe as collateral for loansIn case of emergency, they can generate cashTangible assets are first recorded in the balance sheet as costs to acquire them for use.
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You invest $3,500 at 10% compounded annually for 3 years. How much will your investment be worth in 3 years
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Answer:
Your total balance after 3 years would be $4,658.5 with a total compounded interest of $1,158.5
The strategy of delivering new, exciting, and unique products to the customers is known as a _____________ strategy.
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when the fed buys government bonds, the reserves of the banking system
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Answer: increase, so the money supply increases
Explanation:
1) Explain in brief the creations of controlled environment for off season vegetable farming.
2)Introduce off-season vegetable farming with its technique & advantages.
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Answer:
1.the off season vegetable production can be obtained by different ways such as taking use of and utilise various agro climatic condition improve writing choosen adjustment of planting time making plastic tunnels polythene house and permanent glass house to provide control environmental conditions.
2the of seasonal vegetable are those vegetable which can be grown in rainy season using technology The main advantage of off season vegetable is that ensure food security for example tomato can be grown every time using a tunnel of greenhouse technology are genetically modified seed.
Make a Claim
Dana needs to use the information from her 1098-T form to determine if
she qualifies for a tax credit. If information is missing on her 1098-T form,
leave the matching input field blank.
Input amounts from the 1098-T form into matching tax preparation software fields.
Answers
Answer:
1545-1574 for the empty boxes
Explanation:
Answer: Leave box number 4 blank
Explanation: The directions say to leave certain boxes blank if the answer isnt in the form
Roberto Sanchez, CFA, and Andreas Lopez, CFA, worked as financial analysts for OneWorld Analytics for years. While at OneWorld, Lopez created a highly complex financial valuation model with Sanchez making small contributions to its development. Recently, Lopez left OneWorld to start his own company using a simplified model he developed prior to joining OneWorld. Over a six-month period, he improves this software, duplicating features he used at OneWorld. His upgraded program produces predictions similar to the results of the OneWorld program. At OneWorld, Sanchez continues to use the complex model he and Lopez developed and attains superior results. Whose behavior most likely conforms to the CFA Institute Standards of Professional Conduct?
a. Lopez but not Sanchez
b. Sanchez but not Lopez
c. Both Lopez and Sanchez
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Total revenue minus the total _____ and total _____ costs of production is economic profit. Multiple choice question. explicit; accounting explicit; modified implicit; explicit implicit; modified
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Total revenue minus the total explicit and total implicit costs of production is economic profit.
Economic profit is accounting profit less implicit or opportunity costs. It is also total revenue less explicit and implicit cost.
Explicit cost is the amount used in running a business. Examples are rent and wages.
Implicit cost is the cost of the next best option that is let gone off when one option is chosen over other options. For example, a baker leaves his job to start his own business. His implicit cost is the wages he earned as a baker.
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What will the overall commercial revenue generated by vr and ar.
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According to the graph, the overall commercial revenue generated by VR and AR is $ 18 Billion.
The image is a bar graph that presents the overall revenue generated by sales for VR and AR solutions/hardware in $ Billion for 5 years.
The data presented in the graph are:
The first year - $ 18 billion.The second-year - $ 38 billion.The Third-year - $ 105 billion.The fourth-year - $ 170 billion.The Fifth year - $ 215 billion.According to this information, it can be inferred that the overall revenue generated by the commercialization of these VR and AR technological devices generated $ 18 billion in the first year, then the correct answer is C. because it mentions the appropriate amount.
Note: This question is incomplete because there is some information missing and the graph. Here is the complete information and the graph.
What will the overall commercial revenue generated by VR and AR be in the Human Resources industry be in Year 1?
A) $ 1.44 Billion
B) $ 1,224 Billion
C) $ 18 Billion
D) $ 1.08 Billion
E) $ 864 Million
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if identical firms remain in competitive market over long run make zero economi profit why choose to remain
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Intensity pertains to the amount of effort being invested in an activity. Group startsTrue or False
Answers
Answer:
true
Explanation:
Kimberly has been helping Jonah in preparing his personal income tax forms for a couple of years. Jonah's boss recommended Kimberly because she had done a good job setting up the company's new accounting system. Jonah is very satisfied with Kimberly's work and feels that the fees she charges are quite reasonable. Kimberly would be classified as a(n)
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Licensed professionals who indulge in preparing financial documents for individuals, organizations and business are called public accountant. Hence, Kimberly would be classified as a public accountant.
Based on the description given which involves the various tasks undertaken by Kimberly while working for Jonah, such as preparation of tax income forms and various financial documents. Here, Jonah is Kimberly's client and she will be classified as a public accountant.Learn more : https://brainly.com/question/25698053
Which of the following would be covered by a home insurance policy?
Question 5 options:
Hospital expenses for surgery
Wind damage to your roof
Accidental injury to a coworker on the job
Damage to another person's car when driving
Answers
Answer:
2
Explanation:
Wind damage to your roof
This is because money coming into and going out of the business affects Owner's Equity.
Based on the debit and credit entries you have observed in this lesson, which of the following is true?
Expenses and Sales increase Owner's Equity
Expenses increase and Sales decrease Owner's Equity
Expenses decrease and Sales increase Owner's Equity
Expenses and Sales decrease Owner's Equity
Answers
It is true that the expenses decrease and Sales increase the Owner's Equity.
Basically, owner's equity refers to the amount of the business-owner's investment in an asset after total liabilities have been deducted.
Any revenue into the business increase the owner's equity through business activities .Any expense into the business decrease the owner's equity through business operations.Therefore, the Option C is correct because the expenses decrease and Sales increase the Owner's Equity
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woman caught on video throwing soup in face of restaurant manager after argument
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Is that even a question
To succeed in the future, marketing must ________. rely more on mass marketing become more holistic focus on free-spending be more departmental build brands through promotion rather than performance
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Based on marketing strategies, to succeed in the future, marketing must become more holistic.
What is marketing?Marketing is the process of promoting commodities and services in a way that results in to increase in its demands. It usually involves advertisements mad marketing research.
However, to be more successful in the future of the business, it is believed that marketing should become holistic and less departmental.
This implies that marketing should be carried out by every segment or unit of the business and not left to
marketing department alone.
Hence, in this case, it is concluded that the correct answer is option B. "become more holistic."
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When an advertiser is in the process of creating an ad and debates whether to run the ad on television or in print, the advertiser is deciding on which ______ to use. Multiple choice question. headline medium text message
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When an advertiser is in the process of creating an ad and debates whether to run the ad on television or in print, the advertiser is deciding on which medium to use.
Mass media simply means the array of media technologies that can be used to reach out to people. There are several mediums to reach out to people such as television, radio, newspapers, etc.
Since the advertiser wants to create an advertisement is deciding whether to run the ad on television or in print, then the person is deciding on the medium to use.
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If the MPC is 0.8 and government transfers to households decrease by $50 million, then equilibrium GDP will decrease by:
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The equilibrium GDP will decrease by $200 million if the government transfers to households decrease by $50 million.
Transfer payment multiplier = MPC / (1 - MPC)
Transfer payment multiplier = 0.8 / (1 - 0.8)
Transfer payment multiplier = 0.8 / 0.2
Transfer payment multiplier = 4
If the government transfers decrease by $50 million.
Equilibrium GDP will decrease by:
= $50 million * 4
= $200 million.
Therefore, the equilibrium GDP will decrease by $200 million if the government transfers to households decrease by $50 million.
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