Units unit cost total cost units on hand balance on 1/1 2,000 $1 2,000 2,000 purchased on 1/8 1,200 3 3,600 3,200 sold on 1/23 1,800 1,400 purchased on 1/28 800 5 4,000 2,200 nest uses the lifo method to cost inventory. what amount should nest report as inventory on january 31 under each of the following methods of recording inventory?

perpetual periodic

a. $2,600 $5,400

b. $5,400 $2,600

c. $2,600 $2,600

d. $5,400 $5,400

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.