A monopolistically competitive industry that earns economic profits in the short run will . A. continue to earn economic profits in the long run B. experience the entry of new rival firms into the industry in the long run C. experience the exit of existing firms out of the industry in the long run

The new york company produces high quality chairs. variable manufacturing overhead is applied at a standard rate of $12 per machine hour. each chair requires a standard quantity of six machine hours. production for the month totaled 4,000 units. calculate: the standard cost per unit for variable overhead. select one: a. $130,000 b. $192,000 c. $90,000 d. $100,000