1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
irina [24]
2 years ago
6

The demand curve of a monopolistically competitive firm A) is horizontal because the firm must cut its price to sell more. B) is

perfectly elastic.
Business
1 answer:
melisa1 [442]2 years ago
3 0

The demand curve of a monopolistically competitive firm A) is horizontal because the firm must cut its price to sell more.

  • The demand curve of a firm that is perfectly competitive is horizontal at the market price.
  • As a result, every unit sold will result in it receiving the same price.
  • The difference in total revenue from selling one more unit at the constant market price is the marginal revenue that the company receives.
  • A monopolistically competitive firm's perceived demand curve slopes downward, indicating that it sets prices and selects a mix of quantity and price.

Why is the demand curve in monopolistic competition more elastic than a monopoly?

Firm's demand curve under monopolistic competition is more elastic than under monopoly because of availability of close substitutes under monopolistic competition.

Learn more about demand curve brainly.com/question/13131242

#SPJ4

You might be interested in
Aspen's Distributors has a levered cost of equity of 13.84 percent and an unlevered cost of capital of 12.5 percent. The company
Reptile [31]

Answer:

8.60%

Explanation:

We use the MM proposition II with taxes

r_e = r_a + \frac{D}{E} (r_a-r_d)(1-t)

ra 0.125

D 5000

E 9600 (14,600 assets = 5,000 liab + equity)

rd ??

taxes 0.34

re 0.1384

We set p the formula and solve:

0.1384 = 0.125 + \frac{5,000}{9,600} (.125-r_d)(1-.34)

0.1384 = 0.125 + \frac{5,000}{9,600} (.125-r_d)(1-.34)

0.1384 - 0.125 = 0.34375 (.125-r_d)

0.0134 = 0.34375\times 0.125 - 0.34375\times r_d

r_d = (0.34375\times 0.125 - 0.0134)\div 0.34375

rd = 0.860181818 = 8.60%

6 0
2 years ago
Person defines a person waiting for a heart transplant. This class is already written for you. SurvivabilityByAge defines the ra
VLD [36.1K]

Answer:

Explanation:

A heart transplant is a surgical procedure that replaces the person’s heart with a donor heart. A person may require a heart transplant for several reasons including congenital, arterial and muscle diseases or for unforeseen reasons such as accidents or viral infections.

The donor heart is matched to the recipient by blood type. More variables are also used to decide which recipient receives a heart if there are not enough hearts available for all recipients waiting for a transplant. The variables included in the decision may include the recipient state of health, cause of the heart condition and the urgency of the transplant.

The main goal of this project is for you to write a matching function that receives as a parameter the number of available hearts for transplant and will output all the recipients ranked in order of precedence.

8 0
3 years ago
________ refers to how people make decisions in a lottery or with uncertainty. People do not generally make expected value decis
allsm [11]

Answer:

The correct answer is c. Prospect theory.

Explanation:

Prospective theory belongs to behavioral economics and stands out as an alternative model to the expected utility theory, since the validity of the rational agent's neoclassical assumption is questioned. This theory was developed by Nobel laureate Daniel Kahneman and his collaborator Amos Tversky in his »Prospect Theory: An Analysis of Decision under Risk” (1979). They used the results obtained from both his own empirical observations, as of several experiments.

Individuals set preferences based on a specific situation and circumstances, rather than in absolute terms. This means that depending on their initial situation, agents will act in one way or another. One of the results of this reasoning leads to behavioral asymmetries between situations of possible losses or gains. Individuals, for example, are generally more risk averse than profit lovers. An endowment effect is also derived from this analysis, since the compensation required by someone to dispose of a good is greater than what they would be willing to pay to acquire it.

4 0
2 years ago
A group of friends decided to divide the $800 cost of a trip equally among themselves. when two of the friends decided not to go
kykrilka [37]

Answer:

They were 10 friend

Explanation:

We can construct the equation system as follows:

\left \{ {{\frac{800}{friends} = a} \atop {\frac{800}{friends - 2} = a + 20}} \right.

we can solve for the number of friend by using subtritution:

\frac{800}{friends - 2} = \frac{800}{friends} + 20

800 = (\frac{800}{friends} + 20) \times (friends - 2)

800 = 800 - \frac{1600}{friends} + 20friends - 40

40 = 20 friends - 1600friends

friends(40 - 20 friends) +1,600 = 0

-20f^{2} + 40f + 1,600 = 0

we get a quadratic formula we solve for the positive root

f = 10

We know check if the root is correct:

800 / 10 = 80

800 / (10 - 2) = 100

8 0
3 years ago
Match the financial statement with its description. To match them, click the Description and then click the Financial Report Nam
kherson [118]

Answer:

a-3 / b-2 / c-4 / d-1

Explanation:

Notes to financial statements: Includes a summary of significant accounting policies and explanations of specific items on the financial statements.

The notes are required by the full disclosure principle. Also referred to as footnotes. Provide additional information pertaining to a company's operations and financial position.

Report of independent registered public accounting firm: Attests to the fairness of the presentation of the financial statements.

is a process designed to provide reasonable assurance regarding the reliability of financial reporting.

Management's discussion and analysis of financial condition and results of operations (MD&A): Is written by the company to help investors understand the results of operations and the financial condition of the company.

Disclosure is mandatory where there is a known trend or uncertainty that is reasonably likely to have a material effect on the registrant's financial condition or results of operations

Financial statements: Includes the income statement, balance sheet, statement of stockholders' equity, and statement of cash flows.

are reports prepared by a company's management to present the financial performance and position at a point in time.

7 0
3 years ago
Other questions:
  • All of the following are examples of a SMART goal EXCEPT:
    5·1 answer
  • our uncle is about to retire, and he wants to buy an annuity that will provide him with $57,000 of income a year for 20 years, w
    10·1 answer
  • Olessa, single and age 60, sells her home for $540,000 after living there for 20 years. Her adjusted basis in that home was $220
    12·1 answer
  • The Kelsh Company has two divisions--North and South. The divisions have the following revenues and expenses:
    12·1 answer
  • Apple's $3 billion acquisition of Beats Electronics and Beats Music in 2014 was an attractive strategy option for entering promi
    11·1 answer
  • 8. When Jill Thompson received a large settlement from an automobile accident,
    11·1 answer
  • Helena says her decision to move to Costa Rica seemed like "kind of a crazy decision." If her happy memories of wonderful times
    13·1 answer
  • Which country conquered the Mongolian State in 1919?<br>Russia<br>India<br>China<br>Japan​
    6·2 answers
  • Click this link to view O*NET’s Tasks section for Human Resources Managers. Note that common tasks are listed toward the top, an
    11·3 answers
  • El incremento de la población determina las clases sociales de un país de acuerdo con la teoría de los neoclásicos.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!