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andrew11 [14]
1 year ago
13

A monopolistically competitive firm faces a __________ demand curve and so it is a price __________. group of answer choices

Business
1 answer:
poizon [28]1 year ago
7 0

A monopolistically competitive firm faces a downward sloping demand curve and so it is a price searcher.

The demand curve for monopolistically competitive firm will be considerably more elastic than the demand curve that a monopolist faces because the monopolistically competitive firm has  a very less control over the price that it can charge for its output.

The firm's control over its price will largely depend on the degree to which its product is differentiated from competing firms' products.

The monopolistically competitive firm will be a price‐searcher rather than a price‐taker because it faces a downward‐sloping demand curve for its product.

To know more about  monopolistically competitive firm here:

brainly.com/question/17241373

#SPJ4

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Explanation:

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Answer:

a. The variable costing operating income is less than absorption costing operating income.

b. The difference in variable costing and absorption costing operating income is:

= $739,200.

Explanation:

a) Data and Calculations:

Fixed manufacturing costs per unit = $44

Variable manufacturing costs per unit = $100

Production units =  67,200

Sales units =          50,400

Ending inventory = 16,800

Income Statements             Variable        Absorption

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Costs of goods sold:        $5,040,000   $7,257,600

Fixed expenses                  2,956,800

Total costs                        $7,996,800   $7,257,600   $739,200

b) The difference in variable costing and absorption costing operating income is because of the absorbed fixed costs in ending inventory, which is now carried forward to the next accounting period.

4 0
2 years ago
What is a foreign country that is currently being impacted financially due to the Coronavirus
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Answer:

Macau

Explanation:

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That being said, some countries are impacted more than the others.

Especially those who rely on tourism and hospitality as their main economy. Macau is probably the one that got the hardest hit. Not only this country is located near China (where the virus originally came from) , tourism and hospitality accounted for around 43% of Macau's economy. Basically half of its  economic activity shut down due to the virus.

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Which of the following states (conditions) does not describe an advantage associated with mass-marketing?
ipn [44]

Answer:

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