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2 years ago

The demand curve for a monopolistically competitive firm is downward sloping because

1 answer:

7 0

The demand curve for a monopolistically competitive firm is downward sloping because there is a full or advanced degree of the powerfulness in the market.

<h3>What is the shape of demand curve of the monopolistically competitive firm?</h3>

A downward sloping demand curve characterizes a monopolistically competitive corporation because there is a lot of power in the market.

This curve signaled that the business firm has extraordinary market power. As each firm offers a unique product, market dominance is derived from product differentiation.

Therefore, the demand curve of monopolistically competitive market is downward sloping.

To learn more about the demand curve, refer to:

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Harrangue Company's standard variable overhead rate is $6 per direct labor hour, and each unit requires 2 standard direct labor

Lorico [155]

Answer:

Total variable overhead variance is express = 2,200

Explanation:

given data

overhead rate = $6 per direct labor hour

actual direct labor hours = 6,000

actual variable overhead costs = $37,000

product manufactured = 2,900 units

to find out

total variable overhead variance

solution

we find here standard variable overhead that is

standard variable overhead = 2900 unit × $6 × 2 DL hours

standard variable overhead = $34,800

and

Total variable overhead variance is express as

Total variable overhead variance is express = actual variable overhead - standard variable overhead

Total variable overhead variance is express = 37,000 - 34,800

Total variable overhead variance is express = 2,200

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3 years ago

Which statement would not be a way for the government to reduce the national debt?

Anastasy [175]

Answer:

Increasing government spending in the form of infrastructure and welfare

Explanation:

In order to reduce the national debt, the government need to take a conscious measure to use the government budget as little as possible.

Investment in infrastructures (such as military bases,. building new roads or parks) and government programs (such as expensive healthcare or government funded jobs) tend to take a large amount from the government budget. This will most likely resulted in the increase of national debt.

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3 years ago

On August 29, Paris and Helen agree that Paris will supply Helen with natural gas for one year beginning on January 1 and Helen

madam [21]

Answer:

The correct answer is letter "B": False.

Explanation:

Anticipatory repudiation is the act by which one party notifies the other intentions of not continuing with their relationship -typically tied to a contract- because of different factors. Those factors sometimes are specified in the terms of the contract and must be met for a Court to qualify the case as an anticipatory breach.

Thus, in the example, <em>Helen should retract her anticipatory breach since she will be able to make the payments for the gas service even though Paris changed the supplier.</em>

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3 years ago

How to take control of the securities contained in minor account?

posledela

<span>The minor account is linked with the custodian account that is under the minor parent's or guardian's primary account. Security registered in the minor's account with the name of SSN of the minor in the format of either with sole owner, or primary owner with beneficiary or primary with secondary owner etc. So minor directly can't permit purchase securities. The custodian must conduct all the transactions behalf of minor and the custodian can purchase securities behalf of the minor.</span>

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3 years ago

Stephen Battista argues that public relations should help Under Armour convince customers that the company has a new kind of spo

Leno4ka [110]

Answer:

The correct answer is the option: Public.

Explanation:

To begin with, the term of <em>"Public Relations" </em>refers to the instrument that the marketing managers have in order to establish better relationships with agents that are outside the company with the primary focus of increasing those relations that will eventually increase the company's public image. Moreover, one the variables that changes when the company decides to use this type of strategy is the fact that the target audience or market changes to be the public in general and that is why that the company forgets about their customers and focus on the public as a whole.

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3 years ago