Adjustment for Accrued Expense We-Sell Realty Co. pays weekly salaries of $11,800 on Friday for a five-day workweek ending on that day.
Joumalize the necessary adjusting entry assuming that the accounting period ends on Wednesday
Salaries Expense
Salaries Payable

Assume the government imposes a $2.25 tax on suppliers, which results in a shift of the supply curve from s1 to s2. the price the seller receives for the product after paying the tax is

Your own record of all your transactions. a. check register b. account statement

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.