Which of the following statements is not correct?
a) in a long-run equilibrium, marginal firms make zero economic profit.
b) to maximize profit, firms should produce at a level of output where price equals average variable cost.
c) the amount of gold in the world is limited. therefore, the gold jewelry market probably has a long-run supply curve that is upward sloping.
d) long-run supply curves are typically more elastic than short-run supply curves.

What is the second step in communication planning? determine the purpose of the message outline the communication for delivery determine the best channel of communication clarify objectives identify the audience

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.

Presented below is information for annie company for the month of march 2018. cost of goods sold $245,000 rent expense $ 36,000 freight-out 7,000 sales discounts 8,000 insurance expense 5,000 sales returns and allowances 11,000 salaries and wages expense 63,000 sales revenue 410,000 instructions prepare the income statement.