. The price at which Smitten would earn a normal profit is where multiple choice marginal cost equals average cost at the minimum of average cost. marginal cost equals marginal revenue at the minimum of marginal cost. Incorrect marginal cost equals average cost. average cost equals average revenue at the minimum of average cost.

Which of the following best describes why you need to establish goals for your program?

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise