The short-term shutdown point of production for a firm operating under perfect competition will most likely occur
Question:
The short-term shutdown point of production for a firm operating under perfect competition will most likely occur when:
A. price is equal to average total cost.
B. marginal revenue is equal to marginal cost.
C. marginal revenue is equal to average variable costs.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
C is correct The firm s...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Gelb Company currently manufactures 44,500 units per year of a key component for its manufacturing process. Variable costs are $6.25 per unit, fixed costs related to making this component are $79,000...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
MCQ questions: 1. An increase in oil prices, such as the oil shocks in the 70s, lead to _______ thereby causing ________ a movement along the AS curve; cost-push inflation a leftward shift in the AS...
-
A horizontal cantilever beam of length l and of uniform cross-section carries a uniformly distributed load of w per unit length for the full span. The cantilever is supported by a rigid prop at a...
-
A machine part has the shape of a solid uniform sphere of mass 225 g and diameter 3.00 cm. It is spinning about a frictionless axle through its center, but at one point on its equator it is scraping...
-
1. Select five companies you do business with. Does each one need to engage their customers, ? Explain why or why not. 2. What are the next big tech trends? 3. Under what conditions does cloud...
-
Its not like what youve done has really hurt anyone. At most, the missing money might cost earnings-pershare, maybe a penny. Is that what caused you to write those checks in the name of your company?
-
a. If Armstrong Company, with a break-even point at $ 660,000 of sales, has actual sales of $ 880,000, what is the margin of safety expressed (1) In dollars (2) As a percentage of sales? b. If the...
-
Let the widget industry demand curve be given by P= 200 - Q, where Q is the industry output. There are two firms, Firm 1 and Firm 2. Each has a marginal cost of $20. 1. Assume that these two firms...
-
Under conditions of perfect competition, a company will break even when market price is equal to the minimum point of the: A. average total cost curve. B. average variable cost curve. C. short-run...
-
Revenue and cost information for a future period including all opportunity costs is presented in Exhibit 6 for WR International, a newly formed corporation that engages in the manufacturing of...
-
What do we need in order to value a coupon bond?
-
Determine Shear Stress and Angle of Twist of Circular Shaft having Diameter D, Length L, Torque (Torsional Moment) T and Shear Modulus G?
-
4. [8 points] We would like to allow RISC-V (RV321/RV641) to support indexed indirect addressing. We want to support load and store instructions of the type lw x8, (x7,x6), which would generate a...
-
The following transactions occurred during March, the first month of operations for Quality Galleries, Incorporated: Capital stock was issued in exchange for $356,000 cash. Purchased $172,000 of...
-
c. As the Finance Manager of James Ltd you are required to send the projected income statement to all directors prior to 15 May each year. Use the following template to write an email to the...
-
How are attitudes regarding the financing of accounts receivable changing? Why do you think this is so?
-
In Exercises discuss the continuity of each function. f(x) -3 1 x - 4 y 3 2 -1 -2 -3+ 3 X
-
In the current year, Pelican, Inc., incurs $10,000 of meals and entertainment expenses that it deducts in computing net income per the corporations financial statements. All of the meals and...
-
In the current year, Juanita and Joseph form a two-member LLC and do not file Form 8832 (Entity Classification Election). As a result, the LLC will be treated as a partnership for Federal tax...
-
A personal service corporation (PSC) generally is limited to the calendar year for reporting purposes. One exception to this rule is when the PSC can demonstrate a business purpose for a fiscal...
-
Duffy Dog Corporation reported the following selected items at February 28, 2024: Accounts payable $1,106,840 Accounts receivable 554,600 Allowance for expected credit losses 35,400 Cash 177,000...
-
Problem 5 Budgeting: Confab Company provides a partial balance sheet at 12/31/20x1which shows the following: Cash.. Accounts Receivable. Inventory Total Current Assets $ 9,000 0 58,000 $67,000 Also,...
-
in "Dadi's Family" Documentary, what is an in-depth analysis of: How are the finances handled in the extended family? What does Dadi say would happen to the family without a mother-in-law?
Study smarter with the SolutionInn App