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2 years ago

Compared to a purely competitive firm in long run equilibrium, the monpolistic competitor has a?

1 answer:

3 0

Compared to a purely competitive firm in long-run equilibrium, the monopolistic competitor has a higher price and lower output.

<h3>When a monopolistic competitive firm is in long-run equilibrium?</h3>

Long Run Monopolistic Competition Equilibrium: Over the long run, a company in a market with the monopolistic competition will produce several items at the point where the long-run marginal cost (LRMC) curve crosses the marginal revenue curve (MR). Where the quantity produced lies on the average revenue (AR) curve will determine the pricing.

<h3>What ultimately transpires to a monopolistic rival?</h3>

Long-term economic gains or losses in monopolistic competition will be removed by entry or leave, leaving firms with no economic gains. There will be some excess capacity in a monopolistically competitive business; this could be seen as the price paid for the variety of products that this market structure brings about.

Learn more about monopolistic competition: brainly.com/question/28189773

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Greater Energy Systems recently reported $9,250 of sales, $5,750 of operating costs other than depreciation, and $700 of depreci

9966 [12]

Answer:

$970

Explanation:

The computation of the free cash flow is shown below:

As we know that

Free cash flow is

= EBIT (1 - tax rate) + depreciation expense - capital expenditure - net working capital

where

EBIT is

Sales $9,250.00

Less: Operating costs excluding depreciation $5,750.00

Less: Depreciation $700.00

Operating income (EBIT) $2,800.00

Now the free cash flow is

= $2,800 × (1 - 0.35) + $700 - $1,250 - $300

= $1,820 + $700 - $1,250 - $300

= $970

5 0

3 years ago

Suppose the following information is available for Callaway Golf Company for the years 2017 and 2016. (Dollars are in thousands,

blondinia [14]

Answer: (a) Earning per share in 2016: 0.85

(b) Earning per share in 2017: 1.4

Explanation:

Earning per share in 2016:

Net income (loss) = $61,030,000

Opening shares = 74,400,000

Ending shares = 69,200,000

Average no. of shares O/S = $\frac{74,400,000+69,200,000}{2}$

= 71,800,000

Earning per share = $\frac{Net\ Income}{Average\ no.\ of\ shares\ o/s}$

= $\frac{61,030,000}{71,800,000}$

= 0.85

Earning per share in 2017:

Net income (loss) = $91,420,000

Opening shares = 69,200,000

Ending shares = 61,400,000

Average no. of shares O/S = $\frac{69,200,000+61,400,000}{2}$

= 65,300,000

Earning per share = $\frac{Net\ Income}{Average\ no.\ of\ shares\ o/s}$

= $\frac{91,420,000}{65,300,000}$

= 1.4

4 0

4 years ago

Professor Hyden, a retired mathematics teacher, had tried to impress upon his granddaughters the importance of mathematics, so i

Anuta_ua [19.1K]

Answer:40% or $360,000

Explanation: I'm pretty sure that the twins would get 60% which adds up to $540,000. which leaves the case that the third granddaughter would receive the rest which would be $360,000. AKA 40%

5 0

3 years ago

A local Best Buy sells 8 times as many iPods as Sears. The difference between their sales is 490 iPods. How many iPods did each

defon

Answer:

Best Buy sells 560 iPods
Sears sells 70 iPods

Explanation:

You may set a system of equations.

1. Name the variables:

B= number of iPods sold by Best Buy
S = number of iPods sold by Sears

2. Translate every verbal statement into a mathematical expression

a) A local Best Buy sells 8 times as many iPods as Sears.

B = 8S

b) The difference between their sales is 490 iPods.

B - S = 490

3. Solve the system of equations

a) Substitute B = 8S into the second equation

8S - S = 490

b) Add like terms

7S = 490

c) Divide both sides by 7

S = 70

d) Substitue S = 70 into B = 8S

B = 8(70) = 560

Solution:

Best Buy sells 560 iPods
Sears sells 70 iPods

3 0

3 years ago

All of the following are advantages of having a savings account except

expeople1 [14]

Answer:

Funds held in a savings account are highly liquid

Explanation:

The purpose of a savings account is the assist a customer achieve their saving objectives. A savings account is a secure way of accumulating funds for an intended purpose or keeping money that does not have immediate use.

Financial institutions that offer savings account limit on withdrawals to help a customer achieve planned saving objective. It means money saved is not accessible at will. Penalties apply should a customer insists on more than the acceptable number of withdrawals.

5 0

3 years ago