If an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for concern about <span>the extent of competition. In a monopolistically </span>competitive market, products are differentiated by brand and quality but are not perfect substitutes due to this. Perfect competition is basically a theoretical market because the criteria to qualify has a perfect competitive market is hard to meet. The firms all set the price of their product and the market does not have any influence over it.
Answer:
The company must set aside $3.430.408 for this purpose.
Explanation:
To get this value, you must create a diagram of cash flow, where you put at the end of the sixth year the total payment (outflow) $24.500.000 and going backwards putting in each year the same amount (with an X, because you do not know it and have to calculate it) of money as inflow. Then recreate a financial formula taking in consideration total time that X will be gaining interest as follow: 24.500.000 = x*(1+0,05)^1+x*(1+0,05)^2+x*(1+0,05)^3+x*(1+0,05)^4+x*(1+0,05)^4+x*(1+0,05)^5+x*(1+0,05)^6
Aromatic wines are known as Aperitif, which generally are consumed before meals as a digestive stimulant. Although this is about wine, there are other drinks typically alcoholic that are considered Aperitif's. These drinks are mild in taste and help clear and cleanse your pallet before a meal.
Correct Answer: Option b) Income Statement. Explanation: An income statement is a financial statement that reports the revenues and expenses that …
Answer:
The answer is $119
Explanation:
Solution:
The firm is working in a competitive market that is seen as perfect.
Thus,
The profit the condition for maximizing profit is given below:
P = MR =MC
Now,
The market price of the product is =$290
So,
P = $290
From the given table, we noticed that the profit maximizing output level is 9 units when P = MC
The profit (π) = total revenue - cost total
= ( P * Q) - ( ATC * Q)
= 290 * 9 - 171 * 9
= 2610 - 1539
= 1071
Therefore, the per-unit economic profit at the profit-maximizing output is
=$1071/9
=$119