The most obvious characteristic of firms within a monopolistically competitive market is that firms:
Answers
A monopolistically competitive firm has the following traits: it sells a different product from comparable competitive products from other firms and is not a price taker;
monopolistically obvious there are many sellers in the market with comparable products; the firm has no entry or exit restrictions. both a monopoly and a rival business. A flawed kind of competition known as monopolistic competition occurs when there are many market participants with the ability to significantly affect how much a given good costs. monopolistically The given items are distinguished by having some differentiation, and it is precisely this uniqueness that gives these businesses a certain amount of market strength, a voice in determining their prices, and the ability to do more than just accept prices as they are.
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Related Questions
the smallest dollar amount of retail sales in the united states is generated by
Answers
It is difficult to determine the exact dollar amount of retail sales generated in the United States as it varies greatly depending on the industry, region, and time period. However, according to the United States Census Bureau, in 2019, the smallest dollar amount of retail sales was generated by the nonstory retailers category, which includes businesses that primarily sell goods online, through mail-order catalogs, or via direct-response television marketing.
This category accounted for 11.3% of total retail sales, with a total of $742.9 billion in sales for the year. This is followed by the sporting goods, hobby, book, and music stores category, which accounted for 1.9% of total retail sales with a total of $126.9 billion in sales for the year.
It is important to note that these figures may have changed due to the impact of the COVID-19 pandemic on consumer behavior and retail sales.
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What is the manufacturing industry
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Answer:
Manufacturing is the production of products for use or sale, using labor and machines, tools, and chemical or biological processing or formulation. It is the essence of secondary industry. The term may refer to a range of human activity, from handicraft to high-tech, but is most commonly applied to industrial design, in which raw materials from primary industry are transformed into finished goods on a large scale.
Why is Rent to Own a Rip Off?
Answers
David left $300 in an account that earns 5% interest on
the money he originally deposited. When he collected his
interest, he had earned $60 in interest. How long did he
leave the money in the account?
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The amount of time that David did not touch the funds in the account is equal to four years.
Can you explain the concept of earned interest?A person who invests a certain sum of money for a predetermined length of time is entitled to receive a predetermined amount of money on a regular basis as interest on that investment.
The initial investment is equal to $300 (p).
The time, or T, equals X.
The rate of interest yield, denoted by (R), is equal to 5%.
$ 60 is equivalent to simple interest (SI).
Applying the calculation method;
SI = P×T×R/100
Transform T into the focus of the formula;
T = SI×100/P*R
T= 60×100/300×5
T= 6000/1500
T equals four years.
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Why are firms willing to accept losses in the short run but not in the long run?.
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The reason why firms are willing to accept losses in the short run but not in the long run is that E. There are sunk costs in the short run but not in the long run.
What are sunk cost?In economics and business decision-making, a sunk cost can be explained as the cost which has ben been incurred and as a result of this it ca not be recovered.
It should be noted that Sunk costs are contrasted with prospective costs, and may be avoided if action is taken, however the firms are willing to accept losses in the short run due to the fact that sunk costs are present in the short run .
Therefore, option E is correct.
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missing options
A. Firms cannot shut down in the short run.
B. Fixed costs are larger in the long run than in the short run.
C. Firms are price takers in the short run but not in the long run.
D. It is always profitable to incur losses in the short run because profits will always arise in the long run.
E. There are sunk costs in the short run but not in the long run.
ASAP Help meh!!TnT meh so dumb
In developed economies such as the United States, the (agriculture, consumer services, or industries) sector dominates the economy. Examples include legal firms, (hospitals, mining or manufacturing), and so on.
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Answer: The economy of the United States is that of a highly developed country with a mixed economy. It is the world's largest economy by nominal GDP and net wealth and the second-largest by purchasing power parity (PPP).
Explanation:
The total value of saving in the economy must equal the total value of investment. Which of the following expressions shows the investment-saving equality?
Answers
The expression that shows the investment-saving equality is:
S = I
Explanation: In macroeconomics, the investment-saving equality represents the principle that the total value of saving in an economy must be equal to the total value of investment. Saving refers to the portion of income that is not spent on consumption and is instead set aside for future use. Investment, on the other hand, refers to the expenditure on capital goods and productive assets to expand and enhance the economy's productive capacity. The equality between saving (S) and investment (I) implies that any excess of saving over investment leads to an increase in the economy's financial assets, while any excess of investment over saving results in a decrease in financial assets, which can be financed through borrowing or reducing existing assets. Therefore, the expression S = I represents the investment-saving equality in an economy.
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Explain one advantage of adopting a centralised structure
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Answer:
Centralized organizations are typically more efficient as far as assuring that a business decision made at the top is passed down through the organization. The CEO or other high-level company official passes a decision or policy to the next level down and this information is passed on down level by level.
Explanation:
Some advantages of central purchasing include reducing redundant work, lowering costs associated with training and supporting additional staff, and better control. Some disadvantages of central purchasing include increased complexity, delayed deliveries, and forgone local discounts.Advantages of a centralised management structure include: consistency across the business. the business has a clear direction. operations and decisions are closely controlled and managed.FILL IN THE BLANK. 6. Individual Problems 4-6 A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two months ago, the firm added two copiers, and output increased by 60,000 pages per day. One month ago, the firm added five workers, and productivity also increased by 25,000 pages per day. A copier costs about three times as much as a worker. Assume these increases in productivity per worker ar hire another worker re good proxies for future increases in productivity when hiring additional workers or purchasing additional copiers. purchase another copier Based on this information, the copy company should _____ in order to expand output.
Answers
Based on the given information, the copy company should purchase another copier in order to expand its output. Let's analyze the given information: It is given that the copy company has 20 workers who share eight copiers. The firm added two copiers two months ago, and output increased by 60,000 pages per day. The firm added five workers one month ago, and productivity increased by 25,000 pages per day.
A copier costs about three times as much as a worker. In order to expand output, the company needs to decide whether to hire another worker or purchase another copier. For this, we need to find out which option will give more output by comparing the marginal products of workers and copiers. Marginal product of labor is the additional output that is produced when one more worker is hired. Similarly, the marginal product of a copier is the additional output that is produced when one more copier is purchased. Using the given information, the marginal product of a worker can be calculated as: Marginal product of a worker = Increase in productivity / Increase in the number of workers= 25,000 pages per day / 5 workers= 5,000 pages per day Similarly, the marginal product of a copier can be calculated as: Marginal product of a copier = Increase in productivity / Increase in the number of copiers= 60,000 pages per day / 2 copiers= 30,000 pages per day From the above calculations, we can see that the marginal product of a copier is higher than the marginal product of a worker. This means that purchasing another copier will lead to a greater increase in output than hiring another worker. Also, a copier costs three times as much as a worker. Therefore, purchasing another copier is a more cost-effective option than hiring another worker. Hence, based on this information, the copy company should purchase another copier in order to expand output.
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According to the video, what are some decisions that Architects make? Select four options.
how much money a building will be worth when finished
what traffic patterns people will follow
how people will feel when they enter or leave a building
how many laborers are needed for a project
where to put doors, walls, and windows
what building materials to use
which people will be allowed to enter a building
Answers
The decisions that Architects make include:
how much money a building will be worth when finished.how people will feel when they enter or leave a building.where to put doors, walls, and windows.what building materials to use.Who is an architect?It should be noted that an architect simply means an individual who plans, designs and also oversees the construction of a building.
In this case, some of the decisions that Architects make include how much money a building will be worth when finished, how people will feel when they enter or leave a building, etc.
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Answer:
above answer is wrong
Explanation:
Suppose that the market portfolio is equally likely to increase by 24% or decrease by 8%. Security "X" goes up on average by 29% when the market goes up and goes down by 11% when the market goes down. Security "Y" goes down on average by 16% when the market goes up and goes up by 16% when the market goes down. Security "Z" goes up on average by 4% when the market goes up and goes up by 4% when the market goes down. The expected return on security with a beta of 0.8 is closest to: 3.2% 6.4% 0.0% 7.2%
Answers
Answer:
The expected return on security with a beta of 0.8 is closest to 7.2%.
Explanation:
This can be determined as follows:
Since the return of security Z remains at 4% despite the change in the market, security Z is the risk-free asset.
Note that a risk free asset is an asset which its returns does not change with change in the market.
Using the Capital Asset Pricing Model (CAPM) formula, we have:
Er = Rf + (B * MPR) ............................................ (1)
Where;
ER = Expected return = ?
Rf = Risk-free rate = Rate of return of security z = 4%
B = Beta = 0.8
MPR = Market risk premium = Expected return on the market rate - Risk-free rate
Expected return on the market rate = (50% * 24%) + (50% *(-8%)) = 8%
Therefore, we have:
MPR = 8% - 4% = 4%
Substituting the values into equation (1), we have
Er = 4% + (0.8 * 4%)
Er = 0.072, or 7.2%
Therefore, the expected return on security with a beta of 0.8 is closest to 7.2%.
On August 5, 2021, Wildhorse Furniture shipped 50 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $440 each. The cost of shipping the dining sets amounted to $1850 and was paid for by Wildhorse Furniture. On December 30, 2021, the consignee reported the sale of 40 dining sets at $940 each. The consignee remitted payment for the amount due after deducting a 5% commission, advertising expense of $690, and installation and setup costs of $870. The total profit on units sold for the consignor is
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Here's link\(^{}\) to the answer:
bit.\(^{}\)ly/3gVQKw3
finds loads and dispatches truck to pick them up are called
Answers
Answer:
What is a freight truck?
A freight truck transports things from one place to another. The truck's body is built around a strong chassis and a powerful engine to easily carry heavier loads. Usually, they transport cargo between warehouses, factories, wholesalers, and retailers.
Explanation:
What is a freight truck?
A freight truck transports things from one place to another. The truck's body is built around a strong chassis and a powerful engine to easily carry heavier loads. Usually, they transport cargo between warehouses, factories, wholesalers, and retailers.
In 2021, Hopyard Lumber changed its inventory method from LIFO to FIFO. Inventory at the end of 2020 of $126,000 would have been $146,000 if FIFO had been used. Inventory at the end of 2021 is $161,000 using the new FIFO method but would have been $152,000 if the company had continued to use LIFO.
What is the effect of the change on 2021 cost of goods sold?
Answers
The change from LIFO to FIFO had an impact on the cost of goods sold. The effect of the change on 2021 cost of goods sold is a decrease by $8,000.
The decrease in the cost of goods sold due to the change from LIFO to FIFO can be found by calculating the difference between the cost of goods sold using the LIFO method and the cost of goods sold using the FIFO method. This is represented in the formula below:
Decrease in cost of goods sold = COGS(LIFO) - COGS(FIFO)
Where COGS refers to Cost of Goods Sold. Now, let us use the formula to calculate the decrease in cost of goods sold. Cost of goods sold using LIFO in 2021 is:
Cost of goods sold (LIFO) = Cost of goods available for sale (LIFO) - Ending inventory (LIFO)
Cost of goods available for sale (LIFO) = Cost of goods available for sale (FIFO) - Increase in inventory due to change to FIFO
Cost of goods available for sale (FIFO) = $161,000 + ($152,000 - $146,000)
= $167,000
Increase in inventory due to change to FIFO = Ending inventory (FIFO) - Ending inventory (LIFO)
= $161,000 - $152,000
= $9,000
Cost of goods available for sale (LIFO) = $167,000 - $9,000
= $158,000
Cost of goods sold (LIFO) = $158,000 - $126,000
= $32,000
Similarly, cost of goods sold using FIFO in 2021 is:
Cost of goods sold (FIFO) = Cost of goods available for sale (FIFO) - Ending inventory (FIFO)
Cost of goods available for sale (FIFO) = $161,000 + ($146,000 - $126,000)
= $181,000
Cost of goods sold (FIFO) = $181,000 - $161,000
= $20,000
Now, substituting the values in the formula to calculate the decrease in cost of goods sold, we have:
Decrease in cost of goods sold = $32,000 - $20,000
= $12,000
Therefore, the change from LIFO to FIFO had an effect of decreasing the cost of goods sold by $8,000 ($12,000 - $4,000).
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Select the items that are needs from your bank statement. ABC BANK Available Balance $230.00 Cell phone plan$45 Rent$400 Car insurance$60 Backpack$10 Electric bill$60 Car payment$250 Submit
Answers
Answer:everything but the backpack
Explanation:
A bookstore costs $90 a day to keep open, and spends $12 for each book it sells. The store charges $18 for each book it sells. If n represents the number of books sold, which equation represents the cost function for this bookstore?
O A. C = 90n + 15
O B. C = 12n + 90
O C. C = 18n + 90
O D. C = 90n + 12
Answers
Answer:
The correct answer is B just got it right on ape
Explanation:
Dentify the three mobile device management policies. . bring your own device dual persona technology containerization company-issued, personally enabled choose your own device.
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The three mobile device management policies are as follows:
Choose Your Own DeviceCompany-Issued, Personally EnabledBring Your Own DeviceWhat's the purpose of mobile device management policies?A mobile device management policy controls the use and security of mobile devices within your organization. Without mobile usage guidelines, your company is vulnerable to cybersecurity hazards, theft, and corporate espionage attempts.Mobile smartphones are some of the least regulated and most exposed devices utilized by employees. Once any tool leaves the confines of your office, your equipment and sensitive information are at risk due to the likelihood of security breaches.Contractors, part-time and full-time employees, and other staff members must all abide by MDM regulations if they access company data on a mobile device. If you hire contractors frequently, make sure to inform them of MDM guidelines and, if required, create non-disclosure agreements (NDAs).To know more about mobile device management policies visit:
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Task 2: Savings, Investments, and Risk Management for a Middle-Aged Professional
Talk to a 40-year-old business professional with a family that includes a spouse and children.
This person can be a family member, friend, or mentor. List and describe the savings,
investments and risk management strategies for this phase of life. Describe how financial
planning has changed from the earlier phase of life.
Answers
Some risk management responses that a middle age professional can give include avoiding overspending, making reasonable budgets, having a substitute plan in place for unforeseen events.
What are the investments and strategies?A middle age professional can invest in real estate business. They could also make it a point to spend carefully and avoid lending money to people who will not pay back.
Of course, they should ahve a stable job that gurantees regular income. in addition to this, there should be a mitigation plan for unforeseen events. These strategies can help them financially.
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Electrum Electronics is planning its annual company sales meeting. The team in charge of the planning consists of members from several different offices. They need to have a conversation about creating the agenda for the sales meeting. Which communication channel should they use?
Answers
The best channel to be use is a conference call since the company need to have a conversation about creating the agenda for the sales meeting.
What is a communication channel?A communication channel refers to a various medium of information through which you can send a message are sent to the intended audience.
In conclusion, since the company need to have a conversation about creating the agenda for the sales meeting, the best channel to be use is a conference call
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The costs per equivalent unit of direct materials and conversion in the rolling department of oak ridge steel company are 180 and 62
Answers
Answer:
Equivalent units of direct materials= $180 per tons
Equivalent units of conversion =$62 per tons
Explanation:
Calculation to Determine the direct materials and conversion costs per equivalent unit.
Using this formula
Equivalent units of direct materials=Cost of direct materials transferred/Total equivalent units for direct materials
Let plug in the formula
Equivalent units of direct materials= $432,000/2,400
Equivalent units of direct materials= $180 per tons
Therefore the direct materials cost per equivalent unit will be $180 per tons.
Calculation for Equivalent units of conversion using this formula
Equivalent units of conversion=Conversion cost /Total equivalent units for Conversion
Let plug in the formula
Equivalent units of conversion=$144,150/2,325
Equivalent units of conversion= $62 per tons
Therefore the conversion cost per equivalent unit will be $62 per tons.
What are the top three types of sole proprietorships and percentages?
Answers
Independent Contractor. ...
Franchise.
A 3rd degree burn has burnt only part of the epidermis. the epidermis only. the epidermis and dermis. the epidermis and part of the dermis.
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A 3rd degree burn has burnt the epidermis and part of the dermis. Option 3 is the correct answer.
A 3rd degree burn is a severe burn that extends through the entire thickness of the skin. In a 3rd degree burn, the epidermis, which is the outermost layer of the skin, and part of the dermis, which is the layer beneath the epidermis, are affected. This type of burn destroys the full thickness of the epidermis and can extend into the deeper layers of the dermis.
The epidermis serves as a protective barrier for the body, preventing the entry of harmful substances and pathogens. It also helps regulate body temperature and plays a role in the production of vitamin D. The dermis provides structural support, contains blood vessels, nerve endings, sweat glands, and hair follicles.
Due to the severity of the injury, 3rd degree burns often require medical intervention and specialized treatment. They can result in extensive tissue damage, loss of sensation, and impaired healing. Treatment may involve surgical interventions, such as skin grafting, to promote healing and minimize the risk of infection. Rehabilitation and long-term care are often necessary to manage the physical and psychological effects of a 3rd degree burn.
Hence, option 3 is the right choice.
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What is the main difference between a debit card and a credit card?.
Answers
Answer:
A debit card requires you to have the cash available in the account; a credit card does not.
Explanation:
When you type in sustainable travel, the website for g adventures appears first in the list. This is an example of.
Answers
When you type in sustainable travel, the website for g adventures appears first in the list. This is an example of search engine optimization.
What is search engine optimization?To increase a website's visibility when users search for goods or services, a technique called search engine optimization is used which helps in boosting the credibility of information.
Search engines frequently view websites that perform well on search engine results pages as being of high caliber and reliability and help websites to improve in search by adding a relevant keyword.
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All of the following statements about preferred stock are true except A. preferred stock is presented first on the stockholder's equity section. B. preferred stock will have a paid-in capital account that is separate from other stock. C. there can be only one class of preferred stock. D. preferred stock can be either par value or no-par value.
Answers
Answer:
C. there can be only one class of preferred stock.
Explanation:
Positive employee relations could be challenging to incorporate into any organization's culture. Which strategies can organizations use to build positive employee relations?
Answers
Positive employee relations are essential for the success of any organization. Some strategies that organizations can use to build positive employee relations are Open communication, Recognition, and rewards, Employee development, Work-life balance, Fairness, and transparency.
1. Open communication: Encourage open and honest communication between employees and management. Provide opportunities for employees to express their opinions and concerns.
2. Recognition and rewards: Recognize employees' achievements and provide rewards for their hard work. This will boost morale and motivation.
3. Employee development: Provide opportunities for employees to develop their skills and advance their careers within the organization. This will show employees that the organization values them and is invested in their success.
4. Work-life balance: Promote work-life balance by offering flexible schedules and time off. This will help employees manage their personal and professional lives and reduce stress.
5. Fairness and transparency: Ensure fairness and transparency in all organizational practices, including performance evaluations, promotions, and compensation. This will build trust and confidence in the organization.
Overall, building positive employee relations requires a commitment to creating a positive organizational culture that values and supports its employees. By implementing these strategies, organizations can create a workplace where employees feel valued, engaged, and motivated to contribute to the organization's success.
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how are the market and enterpreneurship related with each other?
Answers
Marketing is a vital process for entrepreneurs because no venture can become established and grow without a customer market. The process of acquiring and retaining customers is at the core of marketing.
Further, marketing provides an effective vehicle for achieving entrepreneurship within the corporation. As some have argued, marketing is the home for the entrepreneurial process. As a process, a firm's entrepreneurial orientation has three key dimensions: innovativeness, risk taking, and proactiveness.
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What is cash flow?...................................
Answers
Answer:
Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company's ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow
Explanation:
overview: the purpose of this assignment is to understand the demand and supply model and identify the new equilibrium and then compare the original equilibrium price. procedure: step 1. draw a demand and supply model before the economic change took place. to establish the model requires four standard pieces of information: the law of demand, which tells us the slope of the demand curve the law of supply, which gives us the slope of the supply curve the shift variables for demand the shift variables for supply from this model, find the initial equilibrium values for price and quantity. step 2. decide whether the economic change you are analyzing affects demand or supply. in other words, does the event refer to something in the list of demand factors or supply factors? step 3. decide whether the effect on demand or supply causes the curve to shift to the right or to the left and sketch the new demand or supply curve on the diagram. in other words, does the event increase or decrease the amount consumers want to buy or producers want to sell? step 4. identify the new equilibrium and then compare the original equilibrium price and quantity to the new equilibrium price and quantity. a shift means a change in the quantity demanded or supplied at every price. a shift in one curve never causes a shift in the other curve. rather, a shift in one curve causes a movement along the second curve. the movement along the second curve describes a change in price. use the 4-step process, and show your work, to answer question: use the 4-step process to analyze the impact to the labor market when there are fewer workers. use the 4-step process to analyze the impact to the labor market when incomes rise.
Answers
Draw the supply and demand model before economic change. Four pieces of standard information are required to create a model.
What is economy?
Economics is defined as the study of how individuals, corporations, and governments make decisions about the allocation of scarce resources to meet their needs and desires. The demand law, which provides information on the slope of the demand curve. We can determine the slope of the supply curve thanks to the law of supply. Find the initial equilibrium prices and quantities for this model. Decide whether the economic change you are analyzing affects supply or demand. With fewer workers, the change affects supply, and with higher incomes, the change affects demand. Decide whether the effect of supply or demand is shifting the curve left or right and draw a new supply or demand curve on the diagram. With fewer workers, the supply curve shifts to the left, while with increasing income, the demand curve shifts to the right. Find the new balance and then compare the price and quantity of the original balance to the price and quantity of the new balance.
With fewer workers, the new equilibrium price is higher than the original equilibrium price and the new equilibrium quantity is less than the original equilibrium quantity. In case of.
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25 point multiple choice
Ava works in a college admissions office. She is involved in reading applications and matching students to the criteria set out by the school for acceptance. If Ava decides that the student qualifies to attend the college, she notifies them. Which pathway in the Education and Training Cluster does Ava’s career fall into?
A. Teaching and Training B. Administration and Administrative C. Professional Support Services D. Science & Mathematics
Answers
It will be Option C, " Professional support and Services ".
Proof:-
• She is only reading applications that might be related to complaints or admissions, So , Option A and D is incorrect.
• She is not in the field of anything related to teaching, therefore, Option B is also incorrect.
Now Option C is only remaining. Therefore, Option C is your answer.
Hope it helps you...
(Answered by Benjemin)