6. Which market structure gives more consumer surplus, Cournot (simultaneous) or Stackelberg (sequential)? Explain your answer. 10 points

Answers

Answer 1

The Stackelberg model yields more consumer surplus than the Cournot model, according to economic theory. Consumer surplus is the additional utility or satisfaction that consumers obtain from purchasing a product or service at a lower price than they would be willing to pay.

In economics, there are various market structures that impact the consumer surplus. A market structure is an economic model that explains how supply and demand interact in a given market. Market structures range from perfectly competitive markets to monopolies, and each structure impacts consumer surplus in various ways.

There are two types of non-collusive oligopoly, Stackelberg and Cournot, which are frequently analyzed. Stackelberg's model is a sequential game, in which one player (the leader) chooses a production level first, followed by the other player (the follower).

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Related Questions

Please help
What is the best social media site to use if you want to do professional networking? MySpace
FB
LinkedIn
Twitter

Answers

Answer:

Linkedin

Explanation:

Linkedin Is an awsome way to get your name out there and be mad known and also to communicate with others in the profession you would like to go into :)

Answer:

LinkedIn

Explanation:

One popular system for defining effective goals uses the acronym SMART, which stands for?

Answers

Answer: Specific, Measurable, Achievable, Relevant, Timely

An example of a highly cyclical industry is. Select one:
the automobile industry.
the tobacco industry.
the food industry.
the automobile industry and the tobacco industry.
the tobacco industry and the food industry.

Answers

An example of a highly cyclical industry is the automobile industry.

A highly cyclical industry refers to an industry that is highly sensitive to the overall business cycle.

These industries often experience significant fluctuations in demand for their products or services due to changes in economic activity, which can result in significant volatility in revenues, earnings, and employment levels.

As a result, firms in highly cyclical industries may find it challenging to maintain profitability and financial stability during periods of economic turbulence.

The automobile industry is an example of a highly cyclical industry. It is sensitive to economic fluctuations, as vehicle purchases are often postponed during times of economic uncertainty or recession.

During economic expansion, on the other hand, there is typically an increase in demand for new cars and trucks, resulting in higher revenues for automobile manufacturers and their suppliers.

In addition to the automobile industry, other highly cyclical industries include construction, real estate, airlines, and heavy machinery manufacturing.

These industries are sensitive to changes in interest rates, consumer spending, and capital investment, which can have a significant impact on their profitability and financial stability.

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What happens when Fed Reserve increases interest rates?

Answers

The Fed aims to raise the federal funds target rate in order to boost the cost of lending across the economy.

What are federal funds?

Federal funds refer to the money that the US federal government allocates to different departments and programs. These funds are raised through taxation, borrowing, or selling of assets, and are distributed to various government agencies, states, and local communities. They are used to finance various public services, such as healthcare, education, infrastructure, and social welfare programs, among others. Federal funds are an essential part of the government's economic policy, as they help to stabilize the economy during times of recession and provide financial assistance to those in need. The allocation and management of federal funds are overseen by various federal agencies, such as the Department of Treasury, the Office of Management and Budget, and the Federal Reserve.

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you have to wait until it says i posted it 1 minute ago if answer before u will be elminated 2 more to go

Answers

Answer:

GG

Explanation:

GG

Answer:

Yay I finally got to say something! Hi I hope you have had a good day! :) I would love to be brainliest because I never have been :')

Write the name of any five organic fertilizers and describe any one them.​

Answers

One example of an organic fertilizer is compost. Compost is made from decomposed organic materials such as kitchen scraps, yard waste, and other biodegradable materials.

What is Fertilizers?

Fertilizers are substances added to soil or other growing mediums to provide essential plant nutrients that are deficient or absent in the soil. They are used to enhance the growth, yield, and quality of crops, and can be organic or inorganic in nature. Fertilizers contain essential plant nutrients such as nitrogen, phosphorus, and potassium, as well as other secondary and micronutrients that are important for plant growth and development. The use of fertilizers can help increase agricultural productivity and improve food security, but it is important to use them responsibly to minimize negative impacts on the environment.

Compost

Manure

Bone meal

Fish emulsion

Blood meal

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knowledge check 01 indicate whether each of the accounts listed below is a temporary account or a permanent account.

Answers

A temporary account is one that is used to accumulate information for one accounting period. At the end of that period, the balances in these accounts are transferred to permanent accounts. The list of accounts that are classified as temporary and permanent accounts is as follows: Temporary accounts:

1. Revenue account: It is an account that is used to record all of the company's income and gains.
2. Expense accounts: These accounts are used to record all of the company's expenses and losses.
3. Drawing accounts: The withdrawals of assets made by the owner or owners of a company are recorded in this account.

Permanent accounts:

1. Asset accounts: These accounts record the value of all the company's assets, including both current and non-current assets.
2. Liability accounts: All of the company's debts are recorded in these accounts, including both current and long-term liabilities.
3. Owner's equity accounts: This account is used to record the owner's investment in the business and the company's earnings or losses that have been retained.

Now let's identify the nature of the accounts given below:
1. Office equipment (permanent account)
2. Cost of goods sold (temporary account)
3. Sales (temporary account)
4. Prepaid insurance (permanent account)Hence, we can conclude that Office equipment and Prepaid insurance accounts are permanent accounts and Cost of goods sold and Sales accounts are temporary accounts.

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PROFIT/LOSS = TOTAL REVENUE - TOTAL COSTS
lan set up a taxi firm one month ago. He has calculated that his total monthly revenue was £2400.
He has added his costs together for the first month and they came to £2800. However, he spent
£1000 on a car for the business that he will not need to spend again.
1) What was his profit/loss for the month?
For the month it was €
1
2) Next month, what will his profit/loss be?
3) List 2 things that could happen that would increase his costs?

Answers

Answer:

What's the question? :) I'm an econ major btw.  

Explanation:

the implicit cost incurred by a firm to use its resources to produce its output is the firm's explicit cost. opportunity cost. total cost. accounting cost.

Answers

The implicit cost incurred by a firm to use its resources to produce its output is the firm's total cost. Option C is the correct answer.

Simply put, an asset has an implicit cost when it is used rather than rented or purchased. Total cost refers to all costs a business incurs in order to create a specific amount of output as used in economics. Option C is the correct answer.

Any expense that has already happened but isn't always recorded or reported as a distinct charge is considered an implicit cost. It is the opportunity cost that develops when a corporation employs internal resources on a project with no stated pay for resource consumption. As a result, there is never a financial exchange when a corporation distributes its resources since it always forfeits the chance to make money from using them elsewhere. Option C is the correct answer.

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Creating a Multimedia Presentation
to Describe Your Personal
Characteristics
Student Guide
Assignment Summary
For this assignment, you will create a multimedia presentation describing your
personal characteristics, and think about how these characteristics relate to career
fields.
Your presentation should include a title slide, eleven slides representing your
personal characteristics, and a works cited slide.
Assignment Instructions
Step 1: Gather materials and necessary information.
a) Create your multimedia presentation describing your personal characteristics
and how they relate to career fields.
b) Be sure to keep a list of your references so that you can cite them later.
c) Complete the personal assessment from earlier in this lesson to learn about
your top three career clusters. If needed, it is available as a resource for this
assignment.
d) Ask your teacher where you should save your presentation as you work on it.
Your teacher may also have specific guidelines about the file name you
should use.
Step 2: Create your title slide.
a) Begin by creating the title slide. On this slide, include the title of your
presentation, your name, your teacher’s name, and the due date of the
presentation.

Answers

A multimedia presentation is a sort of presentation that combines multiple digital communication mediums, such as video, interactive slides, audio clips, music, and more, to convey the message. The usage of text and graphics is only one component of a multimedia.

Create a multimedia presentation: what are the steps?

Organize your thoughts into an outline, choose your software, design your slides, gather your material, write, incorporate the media, and then finish.

Which of the subsequent is an illustration of a multimedia presentation?

These three programs together set the bar for making multimedia presentations in the slide-deck format.

What five qualities does multimedia possess?

The five primary components of multimedia are text, image, audio, video, and animation.

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can somebody plz help? ASAP

can somebody plz help? ASAP

Answers

Answer:

More accessible goods

An increase in international trade

A rise in regional Jobs

According to low estimates, we see advertisements every _____ minutes.

Answers

Answer:

4

Explanation:

Its every 4 mins we see ads

Chenglei, an IT manager, has been studying the actions that his workers perform in an attempt to improve their productivity. Chenglei is utilizingA) job evaluationB) management science.C) behaviorism.D) the Hawthorne effect.E) scientific management

Answers

Answer: scientific management

Explanation:

What are some factors that would influence supply? Explain

Answers

Answer:

6 Factors Affecting the Supply of a Commodity (Individual Supply) |

Price of the given Commodity: ADVERTISEMENTS: ...

Prices of Other Goods: ...

Prices of Factors of Production (inputs): ...

State of Technology: ...

Government Policy (Taxation Policy): ...

Goals / Objectives of the firm:

Explanation:

Please mark as brain list

What is the difference between a total and a subtotal?

Answers

Explanation:

SUB-TOTAL:

The total for a part of a list of numbers being summed.

TOTAL:

An amount obtained by addition of smaller amounts.

Answer:

subtotal is all the different parts being added together from different list.

total is the all items being added together plus tax.

Explanation:

Which action by the government would be used in expansionary monetary policy?
a. decreasing the reserve requirement
b. raising the federal funds rate target
c. selling more bonds to the general public
d. increasing the discount rate

Answers

The most important equipment that central banks use to expand monetary coverage encompass lowering the bargain rate, growing the buy of government securities, and reducing the reserve requirement.

What happens if the government of a u . s . a . uses expansionary financial policy?

a. reducing the reserve requirement b. elevating the federal funds rate target c. selling more bonds to the conventional public d. increasing the cut price rate

Expansionary economic policy is when a central bank makes use of its equipment to stimulate the economy. That will increase the cash supply, lowers activity rates, and will increase demand. It boosts financial growth. It lowers the price of the currency, thereby decreasing the alternate rate.

What is the policy action in an expansionary economic policy to promote financial growth?

Expansionary economic coverage goals to spur monetary growth via expanded liquidity. Increased money provide promotes monetary growth. It takes place because companies and people seem to be to capitalize upon the without difficulty accessible dollars by means of task increased investments, expanding operations, and growing consumption.

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Several months ago, a restaurant developed a new appetizer that is a hit with customers. Many customers go to the restaurant just for the appetizer, and it was at the center of a recent highly positive review by a food critic. Preparation involves common ingredients and average culinary skills but requires a very high oven temperature, which significantly increases utility costs. Several competing restaurants have since added their own version of the appetizer to their menu. Which criterion for assessing capabilities/core competencies is met

Answers

Answer:

????? is this a question ????????????????????

Explanation:

Global Inc. Has a preferred share issue outstanding with a current price of $26.80. The firm is expected to pay a dividend of $1.90 per share a year from today. What is the firm's cost of preferred equity?

Answers

Answer:

7.09 %

Explanation:

Cost of preferred equity = Dividend  / Market Price x 100

therefore,

Cost of preferred equity = $1.90 / $26.80 x 100 = 7.09 %

Elle is in high school and wants to have job until she graduates. Which job would she be most qualified for until she graduates high school?
O Purchasing Agent
O Cashier
O Sales Agent
O Interviewer

Answers

I think it’s cashier

First of all we should understand the nature of job of Purchasing Agent, Cashier, Sales Agent and an Interviewer to decide which option should Elle would be most qualified for until she graduates high school.

Who is a Purchasing Agent?

The persons who buy the parts and materials that help in the production of goods are called purchasing agents or purchasers.

Buyers and purchasing agents review the history and quality of the suppliers before making the purchase. They should be qualified enough to consider price, quality, availability, reliability, and technical support when choosing suppliers and merchandise.

Who is a Cashier?

A cashier is a person who handles the cash register at various locations such as the point of sale in places such as shops or banks.

He is also known as teller, accountant, clerk, treasurer. Only qualified and skilled persons can perform the role of cashier.

Who is a Sales Agent?

A person hired by any company to sell its products or services is known as Sales agent.

A sales agent take orders, offer services and provide support in person and via telephone or internet. This job can be done with little training and less qualification.

Who is an Interviewer?

A person who conducts an interview to hire the candidates is known as Interviewer. To be an interviewer, a person needs to be well qualified with great communication skills.

So, the best role that Elle can take up until she graduates is that of a Sales Agent.

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Eloise, the director of Human Resources at her organization

Answers

Since Eloise is working to determine its human resource needs for the next five years, her first course of action is: assessing the future labor supply.

What is Human resources management?

Human resources management (HRM) can be defined as an art that involves effectively and efficiently managing, controlling and improving the functions, number of employees or workers, activities that are being used by an organization.

This ultimately implies that, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization because they are the most important asset of any organization.

In conclusion, Eloise's first course of action is assessing the future labor supply for her organization.

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Complete Question:

Eloise, the director of human resources at her organization, is working to determine its human resource needs for the next five years. Eloise's first course of action is?

Planning , using a five step process.

Suppose you buy a car that costs $22,500. If you borrow the entire amount at a rate of 4.4% compounded monthly for 5 years, what is the monthly payment? a. $335.95 b. $412.02 c. $348.44 d. $418.45 7. At some time in the past, you and your twin sister both invested $1,000. Today, you have more money than she does. Which of the following CANNOT be true, all else equal? a. Your APR is higher than hers. b. You invested yours longer ago than she did. c. Your rate is compounded less often per year than hers. d. You invested yours at a compound rate while she invested hers at a simple rate. 8. According to the Dupont Identify, if the Total Asset Turnover is 1.12 and the Debt-to-Equity ratio is .76 times, what must the Profit Margin be for the ROE to be 18.51%? a. 21.75% b. 3.37% c. 2.15% d. 9.39% 9. Twelve years ago, you invested $400 in an account. Today, it is worth $614.53. What annually compounded APR did you earn? a. 4.02% b. 9.12% c. 3.64% d. 15.76%

Answers

Monthly payment: c. $348.44

Cannot be true: d.

Profit Margin: a. 21.75% , Annually compounded APR: a. 4.02%

To calculate the monthly payment on a loan, we need to use the formula for monthly payment in an amortizing loan. Given that the loan amount is $22,500, the interest rate is 4.4% compounded monthly, and the loan term is 5 years (60 months), the correct answer is c. $348.44.

If you have more money than your twin sister, all else being equal, it means that you have earned a higher return on your investment. This could be due to a higher Annual Percentage Rate (APR), longer investment duration, or more frequent compounding. However, the statement that cannot be true is d. You invested yours at a compound rate while she invested hers at a simple rate. This is because compound interest generally yields higher returns than simple interest.

The DuPont Identity formula states that Return on Equity (ROE) is equal to Profit Margin multiplied by Total Asset Turnover multiplied by Equity Multiplier (Debt-to-Equity ratio). Given that the ROE is 18.51%, the Total Asset Turnover is 1.12, and the Debt-to-Equity ratio is 0.76, we can calculate that the required Profit Margin is 21.75% (option a).

To find the annually compounded Annual Percentage Rate (APR), we need to calculate the rate of return on the investment over twelve years. By using the formula for compound interest, we can determine that the APR is approximately 4.02% (option a).

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As a ride-share consumer, you feel the supply does not meet demand in your area. You are considering starting a local ride-share service. As a late-mover in the market, what is a downside of joining the market at this stage.

Answers

Being a  late-mover in the market, the local ride-share service provider might struggle to gain critical mass. Therefore, the correct statement is Option B.

What are the late mover disadvantages in the market?

For a late mover in the market, gaining market share through imitation is difficult. Accordingly, the late mover may attempt to design innovative new products to attract customers, which can be expensive. This will make the customer shift to other alternatives.

The missing information in the questions is as follows:

As a late-mover in the market, what is the downside of joining the market at this stage:

you will need to tweak and improve the service

you might struggle to gain critical mass

you might struggle to find a name to differentiate your company from rivals

it will be difficult to watch market viability

Therefore, Being a  late-mover in the market, the local ride-share service provider might struggle to gain critical mass. Therefore, the correct statement is Option B.

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1. Develop a marketing plan for the business you described in Final Assignment A by replacing the information in each of the categories below with the information for your own company. You can review the material from this course, from the Part I Review, and from your assignments as needed.



Market Research (5.0 points)



Your marketing plan should include research into the overall market, definitions of market segments, and a description of the specific target market you are aiming for.



In addition, your research should describe industry trends, economic changes, and other factors that could affect your market.




Instruction: Write 1-2 short paragraphs about the target market segments for your company and why you think this company and product will be successful. Are there economic, social, or other trends that make this a good opportunity now?



Product Description (2.0 points)



This section of the marketing plan describes the features of the product and its benefits for people in your target market.



This is where you discuss the needs, desires, and fears of your target market and consider how you can use emotions to make your product's benefits most attractive.



Instruction: Write 1-2 short paragraphs about your product's features and benefits.



Competition Analysis (3.0 points)



In this section, you describe and analyze your company's competition.



This includes direct competitors who offer very similar products, as well as indirect competitors who satisfy the same need or desire in a different way.



This is also where you describe the competitive advantages your product has when compared to these competitors.



Instruction: Describe at least two other companies that are direct or indirect competitors to your company. Explain how you will differentiate yourself from them.



Brand Image Goals (2.0 points)



This section describes your company's current brand image, as perceived by your customers and potential customers.



This is where you describe your goals for your brand image. Make a list of the main qualities you want people to associate with your brand.



Describe the market positioning you want to achieve. How do you want your product to be positioned in people's minds, particularly in comparison to your competitors?



Instruction: Describe your brand image goals in 1-2 short paragraphs. Include at least two qualities that you want people to associate with your brand.�



Financial Goals (2.0 points)



Set measurable marketing goals over a specific period of time, such as an increased number of customers, sales, or income.



Instruction: Decide how much monthly revenue you want the company to make from sales of the product six months from now, one year from now, and five years from now.



Other Marketing Goals (2.0 points)



You may have other marketing goals that you wish to measure.




Instruction: Describe at least one other marketing goal you would like to achieve. 1-3 sentences.



Marketing Message (4.0 points)



Describe the message you plan to communicate to your target market.



This should be a focused message that explains the benefits of the product in a way that appeals to people's needs, desires, or fears.



Instruction: Write 2-3 short paragraphs about the marketing message you will use and why you chose this message. Why does it appeal to your target market?



Pricing (4.0 points)



Discuss your strategy for determining the price of your product.



Explain how your pricing strategy will support your overall brand image, marketing message, and financial goals.



Instruction: Decide what the price for your product will be, and describe at least two factors you considered in determining that price.



Promotional Strategies (4.0 points)



Promotional strategies are the ways you will communicate and support your marketing message.



This includes things like advertising methods, public relations efforts, publicity, and other communications.



Describe in detail each method you will use, such as types of ads and their content, or public relations tools like newsletters, networking, and improving your Web site.



Set timelines for when you will put each promotional strategy into action.



This section of your marketing plan should also describe which things your company will do for itself and which things you will hire other people or companies to do for you.



Instruction: Write 2-3 short paragraphs describing at least two promotional strategies you will use.



Budget (2.0 points)



In this section, you define your overall marketing budget for a specific length of time.



Then break down the budget to show where the money will be spent.





Explain how you decided on these numbers for the budget, and why you think it will be worth spending this amount.



Instruction: Decide what the total marketing budget will be, and make a list of at least four things you will spend money on and how much you think they will cost.
Will Give Brainliest to first response

Answers

Answer:

Final Assignment B  

Market Research-

What will make my market research a more successful plan is the research I've found and done for it. Demographic, Psychographic Geographic, and Behavioral are the three key segments in my market plan. This will aid in the differentiation of gender, age, and lifestyle in my market plan. The Demographic market segment of my market plan is what I'm mostly targeting.

Demographic segmentation separates the market into smaller groups based on criteria like age, gender, and income. Instead of reaching out to the entire market, I'll use this strategy to concentrate resources on a certain segment of my market.

Product Description-  

When people learn about my low prices on the thing I'm offering, they'll be hooked. Everyone deserves luxuries, not some rubbish that turns your neck green after a few rinses, with the most magnificent jewelry and clothing.

People will require this since everyone has an important meeting or a special family gathering, and no one has the same level of luxury as a really wealthy individual. The things aren't visibly made of the same material as Gucci or other more costly locations, but that's part of what makes them so appealing: you get what a millionaire has for a fraction of the cost. People will be ecstatic because they can now buy something they couldn't before, allowing them to make their looks look drastically different and giving them the confidence to go out when others don't.

Competition Analysis-  

Shien, a large clothing company, sells shirts for as little as $12, and every product they sell is quite low. The difference between their company and mine is that mine will sell things at that price, but they will appear to cost more, and everything will be made creatively and not sell fakes.

All of the materials used in the apparel will have a luxurious feel to them and will not appear to be cheap. Every piece of clothing sold will be available in every size, allowing everyone to experience good apparel rather than having to choose between different sizes, causing people to miss out on something truly unique and to their taste.

Brand Image Goals-  

I want my customers to think of my business as a destination. They don't have much money or are saving for something special, but they have been asked to something once in a lifetime, which is where my company comes in. They won't go to any other store since it's so amazing.

The atmosphere in the store will be so pleasant and inviting that customers will wan

Answer:

what about the budget?

Explanation:

Do you think that employers have a right to judge an applicant attitude when hiring? Give a reason for your answer

Answers

Yes, attitude is everything. If an applicant has a bad attitude and a negative outlook on things, they aren’t good fort he job. A positive attitude is EVERYTHING in the workplace environment. I wouldn’t want to hire a doctor who isn’t compassionate towards his/her patients. I would want to hire a doctor who sees the light even in dark situations. I want a doctor who cares about saving lives. I want a doctor who will own up to their mistakes. I want to strive to be this type of person.

Hope this helps :)

the gains from trade include increased world output and a higher standard of living in all trading countries and are achieved through

Answers

The gains from trade include increased world output and a higher standard of living in all trading countries and are achieved through Specialization.

One key factor contributing to the gains from trade is the principle of comparative advantage. Comparative advantage occurs when a country can produce a particular good or service at a lower opportunity cost compared to another country.

By specializing in the production of goods or services in which they have a comparative advantage, countries can achieve higher levels of efficiency and productivity. This leads to increased output and a more efficient allocation of resources globally.

Trade also enables countries to access a wider range of goods and services that may not be available or produced domestically. Through imports, countries can acquire goods that are produced more efficiently or at a lower cost in other countries. This expands consumer choices and allows individuals and businesses to obtain products that better meet their needs and preferences.

Additionally, international trade promotes competition, which stimulates innovation and technological advancement. When countries engage in trade, they are exposed to new ideas, technologies, and production methods from other nations.

This fosters innovation and encourages companies to improve their products and processes to remain competitive in the global market. As a result, productivity and efficiency increase, leading to higher output and economic growth.

Moreover, trade allows countries to benefit from economies of scale. By specializing in certain industries or products and producing them in larger quantities, countries can achieve lower average costs of production. This leads to cost savings, increased production efficiency, and ultimately higher world output.

Overall, the gains from trade are driven by comparative advantage, expanded consumer choices, innovation, and economies of scale. These benefits contribute to increased world output and a higher standard of living in all trading countries by enabling efficient resource allocation, fostering economic growth, and enhancing consumer welfare.

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Complete question is:

The gains from trade include increased world output and a higher standard of living in all trading countries and are achieved through ______.

Professional etiquette suggests you should send a(n) ____ to each person who agrees to meet with you in support of your career exploration.

Answers

Answer:

handwritten thank-you note

Explanation:

Professional etiquette can be regarded as ways of being able to live comfortably when with people and making them comfortable when they are arround you. They are general

guidelines as well as behavior that are needed in professional setting. It should be noted that Professional etiquette suggests you should send a

handwritten thank-you note to each person who agrees to meet with you in support of your career exploration.

Which of the following line item amounts would be under the Retained Earnings column of a statement of stockholders' equity? Stock Issuances Net Income Treasury Stock Additional Paid-in Capital s Previous Next

Answers

The Retained Earnings line item in a statement of stockholders' equity represents the cumulative net income of the company that has been retained and not distributed to stockholders as dividends. Therefore, the correct answer is "Net Income".

A statement of stockholders' equity reports the changes in the company's equity over a period of time. It includes various line items such as common stock, additional paid-in capital, treasury stock, retained earnings, and dividends. Net income is added to the retained earnings account, and dividends are subtracted from it. Therefore, the Retained Earnings column will include the amount of net income earned by the company during the period.

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The most common form of competition is ________blank, in which many firms compete for customers in a given market but with differentiated products.

Answers


The most common form of competition is monopolistic competition blank, in which many firms compete for customers in a given market but with differentiated products.
Monopolistic Competition Market
Monopolistic Competition is a competition with other manufacturers who have similar products, but there are differences between each of them.
This difference is the hallmark of the productsproducts sold by each manufacturer.
The activity of producing these goods is known as product differentiation or product differentiation.  Because the products produced are almost similar, each producer will compete in terms of quality, price, and how to market their products.


Monopolistic Competition Market Characteristics
The characteristics of a monopolistically competitive market are as follows:
1. Has a very large number of producers
As in a perfectly competitive market, a monopolistic market has a large number of producers.  Due to the large number of producers, each producer has a relatively small market share.
2. There is Product Differentiation
Product differentiation is when a manufacturer produces a product that is slightly different, but similar to the products of its competitors.
In a monopolistically competitive market, when the price of one producer rises while the price of the product of another producer is constant, the demand for that product will fall.  Because, consumers will easily find substitute products from these products.
3. Each producer competes in terms of quality, price, and how to market their products
Because products in monopolistic markets tend to be similar, producers will compete in terms of quality, price, and how to market their respective products.
Manufacturers will compete to improve the quality of their products, such as through attractive product designs and services provided to consumers.
4. Producers are free to enter the market
Just like a perfectly competitive market, monopolistic market participants are also free to enter and leave the market.
The free entry and exit of the market means that there are no barriers for new producers who want to sell their products in the market or old producers who want to leave the market.


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Moving to the next question prevents changes to this answer. Question 1 Under the contribution income statement, a company's contribution margin will be lower f Fixed selling, general and administrative expenses decrease O Variable manufacturing overhead decrease. O Fixed manufacturing overhead costs decrease. O Variable manufacturing overhead costs increase. Moving to the next question prevents changes to this answer. Question 2 Which of the following statement is CORRECT about the foundational assumption used in OVP analys O Behavior of revenue and costs can be graphed as a straight line O Selling price, variable cost per unit and total fixed costs are known and fuctuates The time value of money is considered Relative sales proportions of multiple products are known and fluctuates tinn prevents changes to this answer. Song hanges to this answer. Question 3 Which of the following way of cost assignment used to assign accumulated cost with an indirect relationship to a cost object? O Cost allocation Cost tracing O Cost accumulation Cost assignment

Answers

Solution 1:

Under the contribution income statement, a company's contribution margin will be lower if: Fixed selling, general, and administrative expenses decrease.

This means that the fixed expenses associated with selling, general, and administrative functions decrease. As a result, a smaller portion of these fixed expenses is allocated to each unit of product, reducing the contribution margin.

Solution 2:

The correct statement about the foundational assumption used in OVP (Operating Value Proposition) analysis is: Behavior of revenue and costs can be graphed as a straight line.

This assumption suggests that the relationship between revenue and costs can be represented by a linear equation. It assumes that changes in revenue and costs can be accurately depicted using a straight-line graph, simplifying the analysis and forecasting process. It also implies a constant selling price, a constant variable cost per unit, and fixed costs that remain constant within the relevant range.

Solution 3:

The correct way of cost assignment used to assign accumulated costs with an indirect relationship to a cost object is cost allocation. Cost allocation involves assigning indirect costs to cost objects based on a reasonable and logical basis, considering the indirect relationship between the cost and the cost object.

Cost tracing, on the other hand, involves directly assigning costs to a specific cost object with a direct cause-and-effect relationship. Cost accumulation refers to the systematic collection and recording of costs for further analysis, while cost assignment encompasses both cost allocation and cost tracing. Therefore, the correct option is: Cost allocation.

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In a competitive market, the price of a product: ___________

a. is determined by sellers and the quantity of the product produced is determined by buyers.
b. and the quantity of the product produced are both determined by sellers.
c. is determined by buyers and the quantity of the product produced is determined by sellers.
d. None of the above is correct.

Answers

Competition exists in the market and the price of the product is determined by sellers and the quantity of the product produced is determined by buyers.

What is a competitive market?

A competitive market is a market where many producers compete with each other with the aim to provide goods and services.

The sellers determines how much a product cost.

Therefore, the price of the product is determined by sellers and the quantity of the product produced is determined by buyers.

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