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SVETLANKA909090 [29]
2 years ago
15

In the model of monopolistic competition, if firms have average cost curves that________ with the quantity sold, then opening tr

ade will ________ the total number of firms and ________ the average price.
Business
1 answer:
Gemiola [76]2 years ago
8 0

Answer:

a. downward sloping

b. decrease

c. decrease

Explanation:

Monopolistic competition is a type of imperfect competition:

 Companies do not have the monopoly market power but they do have some market power.

Behavior :

As in the other models already analyzed, these companies seek to maximize their profit, which will lead them to set their level of activity at the cut-off point of the marginal revenue and marginal cost curve.

Once this level of activity has been determined, the price will be determined by the demand curve.

Therefore, in a monopolistic competition market, the company produces in the descending section of its average total cost curve, while in competitive markets it produces at the minimum point of its average total cost curve.

Monopolistically competitive companies produce below the efficient scale. This lower activity means that, unlike the perfectly competitive market, the total profit is not maximized.

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A loan officer states, "Thousands of dollars can be saved by switching to a 15-year mortgage from a 30-year mortgage." Calculate
Lynna [10]

Answer:

$113,465

Explanation:

Calculation to determine difference in total dollars that will be paid to the lender under each loan

First step is to Calculate the difference in payments on a 30-year mortgage at an interest rate of .75% a month

$100,000 = PMT([1 / (0.0075)] − 1 / {(0.0075)[(1.0075)]^30 × 12})

PMT = $804.62

Second step is to Calculate the difference in payments on a 15-year mortgage at an interest rate of .7% a month

$100,000 = PMT([1 / (0.007)] − 1 / {(0.007 )[ 1.007)]^15 × 12})

PMT = $ 978.87

Now let determine the Total difference

Total difference = ($804.62 × 12 × 30) − ($978.87 × 12 × 15)

Total difference= $113,465

Therefore difference in total dollars that will be paid to the lender under each loan is $113,465

6 0
3 years ago
Which statements are false? Money comes in different forms. Money is indivisible.
Papessa [141]
Saying that money is indivisible is false. As long as its not a penny, money can be divided down to the last cent
8 0
3 years ago
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Silver fire electric inc. , a u. s. -based company, has productive activities in more than two countries. Silver fire electric i
telo118 [61]

Silver Fire Electric Inc is a multinational enterprise.

A multinational enterprise, abbreviated as MNE and every so often also known as multinational corporation (MNC), just multinational or international corporation, is an employer generating items or delivering offerings in more than one country.

A multinational business enterprise is a corporate employer that owns and controls the manufacturing of goods or offerings in as a minimum one united states apart from its domestic united states.

Multinational corporations assist to create employment possibilities and international. Inward investments with the aid of MNCs construct a great deal-needed overseas currency for developing and growing economies. they also generate employment possibilities and assist enhance the expectation of what's possible in lesser advanced countries.

Learn more about Multinational corporations here brainly.com/question/494475

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6 0
1 year ago
During 2019, Stephie worked full-time while her spouse, Tom, attended college for 8 months during the year. The couple has two c
lisabon 2012 [21]

The credit for child and dependent care expenses that Stephie and Tom can claim for 2019 is $6,000.

<h3>What is the credit for child and dependent care expenses?</h3>

The credit for child and dependent care expenses claimable on the federal income tax return is $3,000 per child for 2019.

For two qualifying children, the maximum credit for child and dependent care expenses that the couple who are filing jointly can claim is $6,000 ($3,000 x 2).

Thus, the credit for child and dependent care expenses that Stephie and Tom can claim for 2019 is $6,000.

Learn more about the credit for child and dependent care expenses at brainly.com/question/15025351

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1 year ago
How does advertising influence the job roles in a purchasing department and business buying decisions?
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The company's objectives, purchasing<span> policies and resources </span>can influence<span> the buying process. ... Four main </span>influences<span> impact the </span>business buying decision<span> process: ... from marketing or other functional</span>departments, must pay close attention to ... Individual factors including age, education level, personality,job<span> tenure, and ...</span>
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