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2 years ago

Do consumers benefit in any way from monopolistic competition relative to perfect competition?

1 answer:

4 0

Compared to perfect competition, when a consumer purchases a product from a monopolistically competitive firm, the consumer benefits from purchasing a product that is more closely suited to their tastesis more closely suited to their tastes.

In the monetary concept, best competition happens when all agencies promote identical products, marketplace proportion does now not affect the rate, groups are able to input or exit without barrier, consumers have the best or complete records, and companies can not determine fees.

In economics, specifically trendy equilibrium idea, a great marketplace, additionally called an atomistic marketplace, is described by several idealizing situations, collectively referred to as ideal opposition, or atomistic competition.

Perfect competition is a monetary term that refers to a theoretical marketplace shape in which all providers are identical and usual supply and demand are in equilibrium. For instance, if there are numerous firms producing a commodity and no person firm has a aggressive gain, there is ideal opposition.

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On November 1, 2018, Tim's Toys borrows $30,000,000 at 9% to finance the holiday sales season. The note is a six-month term and

rodikova [14]

Answer:

The correct answer is option (D).

Explanation:

According to the scenario, the given data are as follows:

Money borrowed = $30,000,000

Rate of interest = 9%

Time = 2 months

So, we can calculate the balance of loan interest payable by using following formula :

Balance of loan interest = ( Money borrowed × Rate of interest × Time ) / 12

= ( $30,000,000 × 9% × 2 months ) / 12

= $450,000

Hence, the balance of loan interest payable is $450,000.

8 0

3 years ago

What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,000 at the end of Year 4 if the i

Andru [333]

Answer:

$10,446

Explanation:

The Present Value is the Dollar today of the Future cash flows.

Use the time value of money techniques to calculate the Present Value (PV) of the annuity.

N = 4

P/Y = 1

Pmt = $2,250

FV = $3,000

i = 5%

PV = ?

Using a Financial calculator to input the values as above, the PV is $10,446

4 0

3 years ago

Automatic stabilizers smooth fluctuations in the economy because they produce changes in the government's budget that: A. Reinfo

nevsk [136]

Answer:

The correct answer is B. Help offset changes in GDP.

Explanation:

In addition to the discretionary fiscal policies, through which the authorities actively decide to adjust spending or income in response to changes in the economic cycle, the variations that occur in these items must be taken into account without the need for governments Make new decisions. In the latter case, the changes respond to the role of automatic stabilizers.

Automatic stabilizers are those items of public budgets that are automatically altered, hence their denomination, as a result of changes in the level of economic activity. On the income side, it is worth pointing out the main stabilizers are the taxes that tax corporate profits, the income of workers or the consumption of goods and services; On the expense side, unemployment benefits, which support the income of families in times of increased unemployment, are one of the most relevant stabilizers.

6 0

3 years ago

The balance of an account is determined by

AlladinOne [14]

Answer:

(B) adding all of the debits, adding all of the credits, and then subtracting the smaller sum from the larger sum

Explanation:

While calculating the closing balance of any account,

There includes two possibilities that the account might have debit balance or the account might have credit balance. And for computing this:

All the debits shall be accumulated and then their total shall be computed.

Similarly, all the credits shall be accumulated and their total shall be done.

Which ever is more then the account will have that nature of balance, accordingly the smaller shall be deducted from the larger one and the larger one will decide the nature of balance whether debit or credit.

4 0

4 years ago

Mackenzie Bezos, the ex-wife of founder Jeff Bezos, owns a large number of Amazon's shares. Using the Bloomberg quote data in 6.

nekit [7.7K]

Answer: $48.26 billion

Explanation:

Mackenzie Bezos holdings will be the percentage of the shares she owns times the total Market Capitalization of Amazon.

Total Market Cap = $1,215.5 B

Mackenzie owns 3.97% of Amazon.

= 1,215.5 * 3.97%

= $48.26 billion

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4 years ago