teagan1716
24.12.2019 •
Business
Suppose a purely competitive, increasing-cost industry is in long-run equilibrium. now assume that a decrease in consumer demand occurs. after all resulting adjustments have been completed, the new equilibrium price
Solved
Show answers
More tips
- F Food and Cooking How to Cook Julienne? Recipes and Tips...
- D Dating, Love, Relationships 10 Useful Tips on How to Survive a Breakup?...
- F Food and Cooking Apple Cider Vinegar: The Ultimate Health and Beauty Solution...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
Answers on questions: Business
- B Business How can you differentiate between the various economic systems that exist? Compare and contrast these different systems, specifically exploring traditional, market (private enterprise),...
- B Business The reading provides several case studies of previous transportation projects. Please choose one (1) case, and provide a summary of the project and discuss at least three (3) lessons...
- B Business Principle of Management Questions 1. Darnell, the marketing director, mentioned to his boss that one of his friends from college, Elena, would be fantastic for the production supervisor...
- B Biology The is a thin fiber that carries signals away from the cell body. a. axon b. dendrite c. neuron d. glial cell...
- B Business Hi hows everyone doing i am new here...
- C Computers and Technology The tag is used to create a forced line break without starting a new paragraph....
- G Geography Where does the energy that produces ocean waves comes from...
- E English Which of the following authors was known for using the stream of consciousness writing technique? a. virginia woolf b. william woodsworth c. william shakepeare d. lorraine hansberry...
- M Mathematics Iwant to know how many bricks and cement it would take to build the following brick wall: the bricks are 16 inches by 8 inches, and the wall would measure 6 ft high by 200 ft...
- B Biology Which occurs directly before forming a hypothesis? proposing a law drawing a conclusion developing a testable question analyzing experimental data...
Ответ:
Purely Competitive Market
Explanation:
P=AR=MR=MC
where P, is Price
where AR, is Average Price
where MR, is Marginal Revenue
where MC, is Marginal Cost.
In a purely competitive market, a decrease in consumer demand leaves price to be unchanged . Hence, after ALL resulting adjustments have been completed, the new equilibrium price is the same, and does not change.
Ответ:
(a) Per unit material cost.
$23 per tontotal cost of the mine = $1,190,000 (purchase cost) + $90,000 (restoration costs) + $200,000 (development costs) - $100,000 (salvage value) = $1,380,000
estimated tons of minerals = 60,000 tons
cost per ton = $1,380,000 / 60,000 tons = $23 per ton
(b) Total material cost of December 31, 2017, inventory
$184,000during 2017 extracted 30,000 tons and sold 22,000 tons, so the total inventory = (30,000 tons - 22,000 tons) x $23 per ton = $184,000
(c) Total material cost in cost of goods sold at December 31,
$506,000since the company sold 22,000 tons, the COGS = 22,000 tons x $23 per ton = $506,000