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1 year ago

Compared to a perfectly competitive firm, the demand schedule of a monopolistically competitive firm faces is:________

1 answer:

5 0

Compared to a perfectly competitive firm, the demand schedule of a monopolistically competitive firm faces <u>downward-sloping demand curves</u>.

A monopolistic market is a theoretical situation that describes a marketplace in which only one agency might also provide products and services to the public. A monopolistic market is the other of a perfectly competitive marketplace, in which an endless variety of companies function.

Monopolistic opposition exists while many businesses offer competing products or services which might be similar, but not best, substitutes. The barriers to access in a monopolistic competitive industry are low, and the choices of anyone firm do now not directly have an effect on its competition.

A monopoly has management over the supply of the product but though it can are seeking to influence the demand, it does not have management over it. In truth, a monopoly has to make a preference. it may set the price, but then it has to just accept the extent of income, consumers is prepared to buy at that fee.

Learn more about monopoly here: brainly.com/question/13113415

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Star software systems and henry orally agree for henry to write special accounting software. this software usually takes three y

ELEN [110]

There are 6 requirements for a verbal contract:

An offer. -- they had this

An acceptance. -- the contract was accepted

Competent parties who have the legal capacity to contract. - they both have the right to make this decision

Lawful subject matter. this is not an illegal operation

Mutuality of obligation. Both parties are obligated to do something in this case.

Consideration. if there were discussions of payment, then yes this is a legally enforceable contract.

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3 years ago

Ahrends Corporation makes 46,000 units per year of a part it uses in the products it manufactures. The unit product cost of this

IgorC [24]

Answer: 49.10 pee unit

Explanation:

Direct materials = $14.30

Add: Direct labor = 23.90

Add: Variable manufacturing overhead = 3.00

Add: Avoidable overhead = 28.30 - 28.40 = 0.10

Avoidable cost = 41.10

The maximum amount that the company should be willing to pay an outside supplier per unit for the part if the supplier commits to supplying all 53,000 units required each year will be:

= 41.10 × 53000 + 424,000 / 53000

= 49.1 per unit

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2 years ago

Suppose the incomes of buyers in a market for a particular normal good decrease and there is also a reduction in input prices. W

kirill [66]

Answer:

an indeterminate effect on equilibrium quantity and a fall in equilibrium price.

Explanation:

A normal good is a good whose demand increases when income increases and falls when income falls.

If income falls and the good is a normal good, demand would fall. This would lead to a fall in price and quantity.

If cost of input falls, the cost of production would fall and supply would increase. This would lead to an increase in quantity and a fall in price.

The combined effect would an indeterminate effect on equilibrium quantity and a fall in equilibrium price.

I hope my answer helps you

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3 years ago

Read 2 more answers

How do you activate a linked chart?

DerKrebs [107]

A.click the chart and ask t edit data

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3 years ago

Why did many Americans fear Vladimir I. Lenin and his followers, the Bolsheviks?

r-ruslan [8.4K]

<span>The answer is A. Communism is an ideology where the state is the one who rules. It is a totalitarian form of government where individuals serve the Communist state and promote its ideology. It runs counter to American values because in a democratic society, people have the right to be what they want to be as well as express their opinions and ideas even if it means criticizing the government which cannot be done in Communism. Americans also value the right to accumulate wealth whereas Communism is against any form of capitalism. Everybody gets the same thing no more and no less. In a Democratic-capitalist society, you the right pursue your dreams as well as accumulate wealth so long as it is done with the laws.</span>

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3 years ago