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valina [46]
2 years ago
8

Suppose that total demand for refrigerators at the market price is 15,000 units. If the LRAC curve reaches a clear minimum avera

ge cost at 5,000 units, then the industry structure must be
Business
1 answer:
Bogdan [553]2 years ago
3 0

The industry structure must be a monopoly. A perfectly competitive and monopolistic company earns 0 profit in case of the long run.

<h3>What do you mean by Monopoly market?</h3>

Monopoly, as described by Irving Fisher monopoly., is a “non-competitive” market, which creates a situation where a person or business is the sole supplier of something.

To increase profits the company produces that number MR = MC. Build a completely competitive company P = MR.

Therefore, If the LRAC curve reaches a clear minimum average cost at 5,000 units, then the industry structure must be a monopoly. This is the correct answer.

Learn more about Monolpoly market refer:

brainly.com/question/7217942

#SPJ1

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Vlad1618 [11]

Answer:

franchises

Explanation:

A franchise is a business model where the franchisee acquires the right to a business logo, name, and model from the franchisor.  The franchisor is usually an established, successful, and popular business.  The franchisee gets a license to operate an independent outlet that is similar in all aspects to the franchisor's business.

The franchise business takes advantage of the franchisor brand name popularity to acquire customers and thereby increase its chances to succeed. Mcdonald and Starbucks are examples of popular franchise businesses. This business model applies to all industries.  Restaurants, Gas stations, Pharmaceuticals, and other retail outlets ave embraced the franchising business model.

6 0
2 years ago
Read 2 more answers
Bothell Company uses a job order costing system that allocates estimated overhead as 40% of prime costs. What is the cost of a j
Juli2301 [7.4K]

Answer:

$10,080

Explanation:

The computation of the cost of the job is shown below:

We know that

prime cost = direct material + Direct labor

= $2,000 + $5,200

= $,7200

Now  overhead is

= 40% of $7200

= $2,880

And,

Cost of job = direct material + Direct labor + overhead

= $2,000 + $5,200 + $2,880

= $10,080

4 0
3 years ago
Minneapolis, MN has a CPI of 173. Anchorage, AK has a CPI of 226. How does the purchasing power of someone in Minneapolis earnin
nikdorinn [45]

Answer:

The answer is: C) The person living in Anchorage has $50.80/CPI more than the person in Minneapolis.

Explanation:

The Consumer Price Index (CPI) weighs the average prices of a basket of consumer goods and services. So the higher the CPI, the more expensive it is to purchase goods or services in that place.

The purchasing power of someone living in Minneapolis and earning $42,500 is $245.66/CPI; for someone living in Anchorage and earning $67,000 is $296.46/CPI. The difference between them is $296.46/CPI minus $245.66/CPI equals $50.80/CPI.

The person living in Anchorage has $50.80/CPI more than the person in Minneapolis.

6 0
3 years ago
The cost of merchandise sold during the year was $45,000. Merchandise inventories were $13,500 and $10,500 at the beginning and
GenaCL600 [577]

Answer:

cash payments for merchandise total is $44,000

Explanation:

purchase for the year

Beginning Investment + Purchases - Ending Investment = Cost of Merchandise sold

13,500 + Purchases - 10,500 = 45,000

Purchases = 42,000

Therefore, the total cash paid  for merchandise

Beg. A/P + Purchases - End. A/P = Cash Paid

7,000 + 42,000 - 5,000 = $44,000

4 0
3 years ago
Foreign direct investment (FDI) in several sectors in India is still heavily regulated. After much debate, the govemment of Indi
navik [9.2K]

Answer

The answer and procedures of the exercise are attached in the following archives.

C. Allow more FDI, because the resulting technology transfer would bring increased efficiency and  

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
3 years ago
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