Assume the xyz corporation is producing 20 units of output. it is selling this output in a purely competitive market at $10 per unit. its total fixed costs are $100 and its average variable cost is $3 at 20 units of output. this corporation:
a. should close down in the short run.
b. is maximizing its profits.
c. is realizing a loss of $60.
d. is realizing an economic profit of $40.

Why there has to be two lines in a plane

Increases in output and increases in the inflation rate have been linked to

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?