Answer:
The correct answer is (a)
Explanation:
In a competitive market, numerous producers compete to provide homogeneous goods to the customers. As many producers produce homogeneous goods which is why they are price takers, and they produce goods as long as it equals the marginal cost. So, in a competitive market, units are produced for which benefits are equal to the cost.
Marginal cost = Marginal revenue
Answer:
Option (A) is correct.
Explanation:
Following will be the definitions :
Efficiency = (Actual output ÷ Effective capacity) × 100
Utilization = (Actual output ÷ Design capacity) × 100
Therefore,
Efficiency of the system:
= (950 ÷ 1050) × 100
= 90.47% ( 90.5% rounded to one decimal point)
Utilization
:
= (950 ÷ 1,200) × 100
= 79.16% ( 79.2% rounded to one decimal point)
Reflects the satisfaction a consumer receives from consuming a particular set of goods and services
Answer:
$3,927
Explanation:
Bad debt expenses:
= Ending balance of allowance account + Write offs - Beginning balance of allowance account
= $11,944 + $9,191 - $17,208
= $3,927
<u> </u><u>Allowance for bad debt account</u>
Particulars Amount Particulars Amount
Write offs $11,944 By balance b/d (beginning) $17,208
To balance c/d (ending) <u>$9,191</u> Bad debt expense <u>$3,927</u>
Total $21,135 $21,135
Therefore, the amount of bad debts expense recognized for the year is $3,927.
Answer:
a translator for an international hotel in Las Vegas would be what I'd put.