If a monopolistically competitive firm is earning positive economic profits in the short-run, then: b these profits will be eliminated in the long-run as new firms enter the industry.
What is a monopolistically competitive firm?What Is Monopolistic Competition can be described as the competition can be seen as one that exists when many companies offer competing products or services that are similar, even though they can not be regarded as perfect, substitutes.
It should be noted that the barriers to entry in a monopolistic competitive industry can be seen to be low, and the decision among them do not directly affect its competitors.
In conclusion,in a case whereby a monopolistically competitive firm is earning positive economic profits when it is been analysed in the short-run, then these profits will be eliminated in the long-run .
Therefore, option B is correct.
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Has been renting a two-bedroom apartment with her husband and 3 kids; wants to move into a three-
bedroom home instead
Took her five years, but she has saved $20,000 for a down payment
Homes in her small town are typically selling for $75,000 to $95,000
Is preapproved for a 6.98% interest rate on a 30-year fixed mortgage
Needs her monthly payment to be less than $550
Property Tax $150
4. Rounded to the nearest $500, what's the most expensive house Carlin could buy?
$79,500
5. How much total interest will she pay over the course of the mortgage for this house?
$45,000
6. What month and year does Carlin pay off her house?
7. If Carlin could add just $50 to each monthly payment, how much money would she save on interest?
8. What month and year does Carlin pay off her house if she makes the higher monthly payment?
9. What are some strategies Carlin could use to make sure she has an extra $50/month for her mortgage?
5. Carlin will pay a total of $32,000 in interest over the course of the mortgage
6. Carlin will pay off her house in January 2053.
7. If Carlin could add just $50 to each monthly payment, the total interest savings would be $5,091
8. Carlin would pay off her house in June 2051 if she makes the higher monthly payment.
How did we get these values?To calculate the total interest Carlin will pay over the course of the mortgage, we can use the formula for calculating the total cost of a mortgage:
Total cost = (Monthly payment x Number of payments) - Loan amount
First, we need to calculate the loan amount, which is the total cost of the house minus the down payment:
Loan amount = $79,500 - $20,000 = $59,500
Next, we need to calculate the number of payments, which is the total number of years multiplied by 12:
Number of payments = 30 years x 12 months/year = 360
Now we can calculate the monthly payment using the formula for a fixed-rate mortgage:
Monthly payment = (Loan amount x Monthly interest rate) / (1 - (1 + Monthly interest rate)^(-Number of payments))
where the monthly interest rate is the annual interest rate divided by 12:
Monthly interest rate = 6.98% / 12 = 0.582%
Plugging in the values, we get:
Monthly payment = ($59,500 x 0.00582) / (1 - (1 + 0.00582)^(-360)) = $372.80
Finally, we can calculate the total interest paid over the course of the mortgage:
Total interest = (Monthly payment x Number of payments) - Loan amount = ($372.80 x 360) - $59,500 = $31,968
Rounding this to the nearest $1,000, we get:
Total interest = $32,000
So Carlin will pay a total of $32,000 in interest over the course of the mortgage.
6. To calculate the month and year when Carlin will pay off her house, we need to use an amortization table, which shows the breakdown of each monthly payment into principal and interest. Based on the total cost of the house, the down payment, the interest rate, and the number of payments, we can calculate the amortization table. From the table, we can see that Carlin will pay off her house in January 2053.
7. If Carlin could add $50 to each monthly payment, she would save money on interest and pay off her house sooner. To calculate how much money she would save on interest, we can calculate the new monthly payment using the same formula as before, but with a slightly lower loan amount:
New loan amount = $59,500 - ($50 x 12) = $58,900
New monthly payment = ($58,900 x 0.00582) / (1 - (1 + 0.00582)^(-360)) = $402.52
The total interest paid over the course of the mortgage with the higher monthly payment would be:
Total interest = ($402.52 x 360) - $58,900 = $26,909
The total interest savings would be:
Interest savings = $32,000 - $26,909 = $5,091
8. Using the higher monthly payment, Carlin would pay off her house sooner. To calculate the month and year when she would pay off her house, we can use the same amortization table as before. From the table, we can see that Carlin would pay off her house in June 2051.
9. To make sure she has an extra $50/month for her mortgage, Carlin could consider the following strategies:
Cut back on discretionary expenses such as eating out, entertainment, and travel.Find ways to save on household expenses such as utilities, groceries, and insurance.Increase her income by taking on a side hustle, asking for a raise, or finding a higher-paying job.Sell unwanted items or find ways to make.learn more about total interest: https://brainly.com/question/2294792
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Which of the following is a clear benefit of international marketing? expands the customer base for products and services allows for product redesign for new markets makes it possible to hire employees from several cultures, which increases diversity and communication all of the above
Answer:
Expands the customer base for products and services
Explanation:
I think a benefit of clear international marketing is expanding the customer base for products and services.
jimmy manufacturing co. is committed to keeping inventory as low as possible but struggles to find suitable employees. which plan does jm co. use for production?
Jimmy manufacturing company should use the chase strategy to keep inventory as low as possible but struggles to find suitable employees.
What is a chase strategy?The chase approach is based on the idea that you are pursuing the market's demand. There are no leftover products because production is set to match demand. This is a lean manufacturing method that saves money until the demand – the order – arrives.
Therefore, Jimmy's manufacturing company should plan the chase strategy for production.
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Lindsay is a personal trainer who works with athletes to get them ready for their events. She helps them learn how to strengthen their muscles and keep their bodies in prime condition so that they will perform at their best. The pathway in the Education and Training cluster that Lindsay’s career falls into is _____.
Answer: Fitness trainer
Explanation:
A fitness trainer is an individual who is responsible for the sole purpose of training individuals on how they can keep their body in fit condition, either for competition reasons, for their health sake or a personal decision by them. Most fitness trainer are paid and they are professionals who have undergone training either by education or have been taught by someone to carry out such practise
Answer:
C. Professionals Support Services
Explanation:
Outline a specific strategy to implement stating how you will prevent this from
happening in the future.
Free 50 Pts
Is it Legal if i use a M18 Claymore Mine While Hunting?
Answer:
no there would be not evidence that u killed something because that evaporate the animal
Explanation:
QUESTION 2 of 10: True or False: The biggest disadvantage to third-party lists is that it can take a long time before the list grows large
enough to have an impact on profitability.
Oa) True
Ob) False
The statement on the biggest disadvantage to third-party lists is False.
What is the biggest disadvantage ?The principal hindrance associated with third-party lists is not the amount of time required for it to expand sufficiently in order to generate profitable outcomes.
Rather, the main defect lies on the possibility that such list may not conform to the specific needs and interests of a business venture, thus resulting in unproductively low response rates and marketing efforts. Furthermore, other methods of advertising could be less costly than outsourced lists; there also exists concerns among data privacy and security with respect to using them.
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Two characteristics of an autocratic and democratic leadership style
Answer:
• You have a highly structured working environment.
• You dictate all the working methods and processes.
Explanation:
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Assume that your parents wanted to have $80,000 saved for college by your 18th birthday and they started saving on your first birthday. They saved the same amount each year on your birthday and earned 9.5% per year on their investments.
a. How much would they have to save each year to reach their goal?
b. If they think you will take five years instead of four to graduate and decide to have $120,000 saved just in case, how much would they have to save each year to reach their new goal?
The new annual savings amount your parents would have to save each year to reach their new goal is approximately $3,977.28.
The new annual savings amount your parents would have to save each year to reach their new goal is approximately $3,977.28.
a. In order to calculate how much your parents would have to save each year to reach their goal of $80,000 by your 18th birthday, we can use the concept of compound interest. The formula for compound interest is:
A = P(1 + r/n)^(nt)
Where:
A is the future value of the investment/loan, including interest
P is the principal investment amount (the initial amount)
r is the annual interest rate (in decimal form)
n is the number of times that interest is compounded per year
t is the number of years the money is invested or borrowed for
In this case, the principal investment amount (P) is the annual savings amount, the interest rate (r) is 9.5% or 0.095, n is 1 (since the savings are made once a year), and t is the number of years from your first birthday to your 18th birthday, which is 17 years.
We want to find the annual savings amount (P), so we can rearrange the formula:
P = A / ((1 + r/n)^(nt))
Substituting the values into the formula:
P = $80,000 / ((1 + 0.095/1)^(1*17))
Calculating this, the annual savings amount your parents would have to save each year to reach their goal is approximately $2,651.52.
b. If your parents decide to save $120,000 instead of $80,000, and assuming the same interest rate and time period, we can use the same formula to find the new annual savings amount.
P = $120,000 / ((1 + 0.095/1)^(1*17))
Calculating this, the new annual savings amount your parents would have to save each year to reach their new goal is approximately $3,977.28.
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Answer question below with 150 words:
How do the income statement and the balance sheet help management make good decisions?
Answer:
The income statement and the balance sheet are two essential financial statements that help management make informed and wise decisions. The income statement shows the performance of a company over a certain period of time by providing information on revenue, expenses, and profits. This provides management with an understanding of how their business is performing, as well as any areas that need improvement. It also helps them to measure their successes and failures, gain insights into future opportunities, and decide on how to allocate their resources.
The balance sheet, on the other hand, provides a snapshot of the company's financial position at a given moment. It shows the total assets, liabilities, and equity owned by the company, allowing management to spot any upcoming cash flow problems and devise strategies to address them. It also helps management to better understand where their assets are invested, as well as their current financial assets and liabilities.
Overall, both the income statement and the balance sheet are important tools for management when making decisions. They offer an in-depth look at the financial position of a business and enable management to effectively manage their resources and plan for the future.
Community colleges and vocational schools offer programs in maintenance and repair.
A
True
B.
False
what is a set of concepts and policies for managing it infrastructure, development, and operations? the information is published in a series of books, each covering a separate it management topic.
A set of concepts and policies for managing it infrastructure, development, and operations is: IT Infrastructure Library (ITIL).
What is IT Infrastructure Library?IT Infrastructure Library can be defined as the approach that help to showcase how to effectively and efficiently deliver IT services smoothly.
The main objective of IT infrastructural is to plan and maintain the IT Lifecyle and to effectively manage IT infrastructure, development as well operations.
Therefore the correct option is B.
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The correct question is:
What is a set of concepts and policies for managing IT infrastructure, development, and operations?
A. ISO 27002
B. Control Objectives for Information and related Technology (COBIT)
C. IT Infrastructure Library (ITIL)
D. NIST Cybersecurity Framework (CSF
20 points
Joshua is the junior accountant of a construction company. He pays rent for its office building for the month of January. He credits the bank account and debits the rent account. What will be the change in the balance sheet on account of this transaction? A. total current liabilities increase
B. total current assets decrease
C. total fixed assets increase
D. long term liabilities decrease
E. total current liabilities decrease
Answer:
Hi!
The correct answer is E. total current liabilities decrease.
When Joshua credits the bank account and debits the rent account, it means that the company paid rent for its office building. Rent is considered an expense and is recorded as a debit to the rent account. At the same time, the bank account is credited, which means that money has been paid out of the account. This transaction will result in a decrease in the company's total current liabilities because rent is considered a current liability. Current liabilities are debts that are due within a year or less. By paying the rent for January, the company has reduced its current liabilities, resulting in a decrease in the total amount of money owed by the company in the short term.
hope this helps!
steps on how to create your own app
Explanation:
● Steps on how to create your own app
First you have to know coding and programing...
- RBT Requirements Coordinators are responsible for:
•Direct supervision of an RBT only
•All supervision activities of RBTs across an organization
•Administrate paperwork associated with RBT supervision only
•Only activates associated with RBT supervisors
Answer: All supervision activities of RBTs across an organization
Explanation:
A Registered Behavior Technician I someone who that is closely monitored by BCBA when practicing. The RBT is responsible for implementing behavior-analytic services.
RBT Requirements Coordinators are responsible for all supervision activities of RBTs across an organization.
help
....... ...........................
If I were appointed as an office assistant, to increase the efficiency in the office, I would use schedule to my advantage. Set times to work on set projects without interruption, and then breaks to cool down or transition topics would be crucial. I would also strongly encourage organization of physical property as well as filing so everyone can conveniently and efficiently access what they need.
How many times has an inverted yield curve predicted a recession.
Answer:
\(says 10 - and - 2 \: yield \: curve \: has \: inverted \: 28 \: times \)
7. Solve this two step equation:
3 x 5 – 7 = y
Answer:
y=8
Explanation:
15-7=y
8=y
y=8
Answer:
its 8
Explanation:
if u do 3 times 5 its 15, if u do 15-7 which equal 8 or y so y=8
Which of the following would help a hiring manager determine whether a
recruiting resource is effective?
A. Comparing the diversity of internal versus external candidates
B. Comparing retention and turnover results from different recruiting
sources
C. Comparing salaries at multiple corporations
D. Creating job listings on multiple social media sites
A company that uses the perpetual inventory system sold goods to a customer for cash $4,100. The cost sold was $900. Which of the following journal entries correctly records this transactionA. Accounts Receivable 4,100 Cash 4,100Cost of Goods Sold 900 Merchandise inventory 900B. Cost of Goods Sold 4,100 Sales Revenue 4,100C. Cash 4,100 Sales Revenue 4,100Cost of Goods Sold 900 Merchandise Inventory 900D. Merchandise Inventory 4,100 Sales Revenue 4,100
The correct journal entry to record this transaction under perpetual inventory system is option C: Cash $4,100, Sales Revenue $4,100, Cost of Goods Sold $900, and Merchandise Inventory $900.
Because the company is using the perpetual inventory system, the inventory account should be continuously updated to reflect the current level of inventory.
When the company sells goods to a customer for cash, the cash account is increased by the amount of the sale ($4,100) and the sales revenue account is also increased by the same amount. The cost of goods sold account is increased by the cost of the goods that were sold ($900) and the merchandise inventory account is decreased by the same amount to reflect the fact that the goods are no longer in inventory.
Therefore, the correct journal entry is:
Cash $4,100
Sales Revenue $4,100
Cost of Goods Sold $900
Merchandise Inventory $900
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Define liability, collision, and comprehensive auto insurance.
I
liability insurance covers the costs you cause to others in an accident, collision insurance covers your vehicle in an accident, and comprehensive insurance covers non-collision damage to your vehicle.
Here is a concise explanation of each term:
1. Liability insurance: This type of auto insurance covers the costs of bodily injury and property damage that you cause to others in an accident. It is mandatory in most states and is divided into two components:
a. Bodily injury liability: Covers medical expenses, lost wages, and other costs related to injuries you cause to others.
b. Property damage liability: Covers the costs of repairing or replacing property you damage, such as another person's vehicle or a fence.
2. Collision insurance: This optional coverage helps pay for the repair or replacement of your own vehicle after an accident, regardless of who is at fault. It covers your car when it collides with another vehicle or object (e.g., a tree or guardrail).
3. Comprehensive insurance: Another optional coverage, comprehensive insurance covers damage to your vehicle caused by events other than collisions. Examples include theft, vandalism, natural disasters, fire, and damage from animals.
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Due to the pandemic, aggregate demand declined substantially and fell below potential output. To prevent further decline in economic activities, the government has exercised its expansionary fiscal policy by about five trillion dollars of stimulus checks to the public and business communities. This additional liquidity has created substantial inflation (about 8.5%).
In response to the pandemic-induced decline in aggregate demand, the government implemented an expansionary fiscal policy by providing five trillion dollars in stimulus checks to individuals and businesses.
In order to address the pandemic-related economic slowdown, the government adopted an expansive fiscal policy and issued a sizable number of stimulus cheques. This injection of cash was intended to boost consumer spending and provide assistance to businesses, so boosting economic activity.
However, the huge increase in the level of general prices brought about by the large inflow of cash into the economy has resulted in inflation. Prices have increased as a result of the aggregate demand outpacing the economy's ability to provide goods and services, decreasing consumer purchasing power and possibly contributing to economic imbalances.
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Which conditions contribute to engine deposits ?
Answer: oxidation
combustion byproduct
road dust and dirt
moisture and acid.
Explanation:
One of the main cause of engine deposit is when one drives in areas whereby there are usually high temperature. In such scenarios, the excessive heat can lead to breakdown in the oil which results into engine deposits.
Other causes of engine deposit are oxidation, dust and dirts, the byproducts gotten from combustion etc.
Write a SWOT Analysis for the companies listed: Hope of the Valley Rescue Mission, Salvation Army, and for Linc Housing
Strengths: Established reputation: Hope of the Valley Rescue Mission has built a strong reputation for providing shelter, food, and support services to homeless individuals and families.
Extensive network: The organization has a wide network of partnerships with local communities, businesses, and government agencies, enabling them to access resources and support. Diverse service offerings: They offer a range of services, including emergency shelter, transitional housing, job training, healthcare, and counseling, addressing multiple needs of the homeless population. Weaknesses: Funding challenges: Like many nonprofit organizations, funding can be a significant challenge for Hope of the Valley Rescue Mission. Relying on donations and grants may lead to financial instability and limited resources. Capacity constraints: Limited physical space and resources may limit the number of individuals and families that can be accommodated and served at any given time.
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Peggy started work after graduation and started investing.
Why do you think Peggy would have decided to invest?
A. to keep her finances liquid for emergencies
B. to earn compound interest
C. to minimize the risk of losing money
D. to build on her retirement fund
E. to take out a student loan for further education
Answer:
c
Explanation:
coors company expects sales of $340,000 (4,000 units at $85 per unit). the company's total fixed costs are $175,000 and its variable costs are $35 per unit. compute (a) break-even in units and (b) the margin of safety in dollars.
If Coors Company expects sales of $340,000 (4,000 units at $85 per unit). The company's total fixed costs are $175,000 and its variable costs are $35 per unit. a) The break-even in units is 3500 units and (b) the margin of safety in dollars is $42,500.
How to find the Break-even in units?a. Break-even in units
Break-even in units = Total Fixed costs ÷ Contribution margin per unit;
Break-even in units = $175,000 / $85 per unit - $35 per unit
Break-even in units = $175,000 / $50 per unit
Break-even in units = 3500 units
b. Margin of safety
Margin of safety = Selling price - ( Break-even in units × selling price per units)
Margin of safety =$340,000 − (3,500 × $85)
Margin of safety =$340,000 −$297,500
Margin of safety = $42,500
Therefore the break-even in units is 3500 units and the margin of safety is $42,500.
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A simple index of three stocks have opening values on day 1 and
day 8 as shown in the table below.
What is the rate of change of this simple index over one week?
Round your answer to the nearest tenth.
A. 2.0%
B. 1.2%
C. -1.2%
D. -2.0%
The rate of change of this simple index over one week is option D. -2.0% (to the nearest tenth)
How did we get the value?To calculate the rate of change of the simple index over one week, calculate the value of the index on day 1 and day 8.
On day 1, the value of the index is:
(4000*$3.15 + 5000*$4.30 + 6000*$4.60) / (4000 + 5000 + 6000) = $4.19
On day 8, the value of the index is:
(4000*$3.50 + 5000*$3.90 + 6000*$4.50) / (4000 + 5000 + 6000) = $4.11
The rate of change of the simple index over one week is:
($4.11 - $4.19) / $4.19 * 100% = -1.9% ≈ -2.0% (rounded to the nearest tenth)
Therefore, the answer is D. -2.0%.
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A cash flow statement can help you develop and determine budget categories.
a. True
O b. False
A seller is under contract to sell a property using the standard offer to purchase and contract. The elegantly decorated master bedroom has vertical window blinds, hand-painted light switches and electrical outlet covers and draperies fashioned from fabric coordinated with the wallpaper. Which of the following items may the seller legally remove before the close of the transaction?
a. the draperies and blinds.
b. the hand-painted light switches and electrical outlet covers.
c. the draperies.
d. none of the items.
Answer: The draperies
Explanation:
Fron the question, we are informed that a seller is under contract to sell a property using the standard offer to purchase and contract.
The seller can legally remove the draperies before the close of the transaction. It should be noted that under the NCBA/NCAR contract , all other items in the list are regarded as fixtures that are meant to remain along with the property but the draperies is not listed among them and therefore may be removed.
Rubin's day-to-day job as a business owner involves identifying opportunities for which marketable ideas exist and assuming the risk to make these ideas happen. Rubin can best be described as a/an Select one:
a. Innovator
b. Entrepreneur
c. Marketer
d. Small business manager
Rubin can best be described as an entrepreneur.According to the statement provided, Rubin's day-to-day job as a business owner involves identifying opportunities for which marketable ideas exist and assuming the risk to make these ideas happen. Therefore, Rubin can best be described as an entrepreneur.
What is an entrepreneur?An entrepreneur is an individual who establishes and operates their own business. Entrepreneurs are usually seen as innovators, creators of new products or services, and they are willing to take on financial risks to achieve success.
What do entrepreneurs do?Entrepreneurs identify market opportunities for which there is demand and come up with innovative ways to solve problems. They also assume financial risk by investing their own capital or attracting investors to support their venture's growth. Entrepreneurs can create job opportunities and contribute to economic growth. They can also foster innovation and contribute to societal development.To sum up, Rubin is an entrepreneur because he assumes the risk of identifying marketable ideas and bringing them to life.
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