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Lelechka [254]
1 year ago
10

Assume the manager is located at point B in the diagram above, and he is charging a price of P0. What does the demand for the fi

rm's goods look like if the management anticipates that rivals would not match price reductions but will match price rises instead of price decreases?

Business
1 answer:
Elena-2011 [213]1 year ago
8 0

The demand for the firm's goods based on the diagram given and the current price is elastic.

<h3>Why is the price elastic?</h3>

Demand is said to be elastic when quantity demanded decreases when prices increase, and vice versa.

Looking at the graph, if there is a price increase by management, the demand will decrease as shown by the space on the blue line above quantity B.

If prices reduce however, the demand increases as shown by curve D₂.

In conclusion, the demand is elastic.

Find out more on elastic demand at brainly.com/question/7966430.

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In the long run, each firm in a competitive industry earns
madam [21]

Answer:

The correct answer is option B.

Explanation:

In a competitive industry there is no restriction on entry or exit of firms in the market. So, when in the short run the firms are enjoying super normal profits or positive economic profits, this would attract potential firms to join the industry in the long run.

As a result the industry supply will increase in the long run. The increase in supply would cause the price to fall. This would further contribute in reducing revenue and profit.

This process will continue till the profit is reduced to zero. If profit falls below zero, then firms incurring loss will exit the industry. Then again zero profits will be restored by reduction in supply and increase in price.

So, we can say that perfectly competitive firms will have zero economic profits or only normal profits in the long run.

5 0
3 years ago
As part of his 401(k) retirement plan at work, Ken Lowery invests 6.0 percent of his salary each month in the Capital Investment
Gnesinka [82]

Answer:

The amount of the fee is $1689.60

Explanation:

The computation of the amount of the fee is shown below:

= Dollar value × fund charges a 12b-1 fee

= $211,200 × 0.8%

= $211,200 × 0.008

= $1689.60

Since the question has asked the fee amount so we consider the fee charges percentage, not the capital investment Lifecycle fund. Thus, we ignore the Capital Investments Lifecycle Fund as it is not relevant.

Hence, the amount of the fee is $1689.60

8 0
3 years ago
A company having difficulty with timely delivery of parts to its manufacturing plants should look to implementing a supply chain
luda_lava [24]
The answer is false. A company's supply chain describes how crude materials are changed into completed items and dispatched to retailers and clients. Inventory network wasteful aspects can squander as much as 25 percent of an organization's working expenses
5 0
3 years ago
Lindsay​ Electronics, a small manufacturer of electronic research​ equipment, has approximately 6 comma 800 items in its invento
nignag [31]

Answer:

97.8 or 98 items

Explanation:

A items:

= Percent of items in inventory × No. of items

= 0.1 × 6,800

= 680

B items:

= Percent of items in inventory × No. of items

= 0.31 × 6,800

= 2,108

C Items:

= Percent of items in inventory × No. of items

= 0.59 × 6,800

= 4,012

Units to be counted everyday:

=\frac{A\ items}{workings\ days} + \frac{B\ items}{workings\ days} + \frac{C\ items}{workings\ days}

=\frac{680}{22} + \frac{2,108}{61} + \frac{4,012}{124}

      = 30.90 + 34.55 + 32.35

      = 97.8 or 98 items

7 0
2 years ago
Your​ co-worker is about five years away from retirement and she is feeling fairly​ risk-averse. She wants to make sure she pres
dmitriy555 [2]

Answer:

Balanced mutual fund

Explanation:  

Balanced mutual fund -

These type of mutual funds , inverts in more types of assets , like the bonds and stocks , for an objective like aggressive or moderate .

There a lot of balanced funds options available in the market , having a the types -

1.  passively managed

2.  actively managed .

The mutual funds which the investor can hold on for a long duration i.e. for a decade or so , are the best type of mutual funds .

4 0
2 years ago
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