All categories

2 years ago

Perfect competition and monopolistic competition are similar in that both market structures include?

1 answer:

7 0

One of the key similarities that perfectly competitive and monopolistically aggressive markets share is elasticity of demand in the long-run. In each circumstances, the shoppers are sensitive to price; if rate goes up, demand for that product decreases. The two solely range in degree.

<h3>What are the similarities between monopolistic competition and monopoly?</h3>

Similarities between monopoly and monopolistic competition

Both maximize profit: Like each and every firm, each monopolists and monopolist competitors are seeking for to maximize profit. When we say they maximize profit, we imply they produce when marginal revenue equals marginal cost.

<h3>In what way is monopolistic competition like ideal competition?</h3>

Solution. Monopolistic opposition is comparable to perfect opposition in a way that there are many consumers and retailers in both market types. Also, there is small to no effect on equilibrium fee and there are small to no boundaries to enter or go away the market.

Learn more about monopolistic competition here:

<h3>brainly.com/question/24877850</h3><h3 /><h3>#SPJ4</h3>

You might be interested in

Let's say that you make the the following journal entry: Debit Inventory $2,000 Credit Cash $2,000 How does this journal entry a

koban [17]

Answer:

No net affect: There is both an increase in Assets and a decrease in Assets

Explanation:

The journal entry is as follows

Inventory Dr $2,000

To Cash $2,000

(Being the inventory is purchased for cash is recorded)

This journal entry states that the inventory is purchased for cash. The inventory is purchased that increases the asset and on the other side the cash is paid for the purchase of increased which decrease the asset

So, there is no impact on the asset side or accounting equation

8 0

3 years ago

Budgeted sales in Acer Corporation over the next four months are given below: September October November December Budgeted sales

katovenus [111]

Answer:

c. $161,400

Explanation:

The computation of the cash collections for December month is shown below:

Cash sales

= $160,000 × 30%

= $48,000

Credit sales

For same month = $160,000 × 50% × 70% = $56,000

For one month = $180,000 × 30% × 70% = $37,800

For second month = $140,000 × 20% × 70% = $19,600

So, the total cash collections is

= $48,000 + $56,000 + $37,800 + $19,600

= $161,400

4 0

4 years ago

Reedy Company reports the following information for 2012:

asambeis [7]

Answer:

Ending WIP= $13,500

Explanation:

<u>First, we need to calculate the factory overhead:</u>

Factory overhead= 25,000*0.75= $18,750

<u>Now, the ending WIP inventory:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

68,250 = 11,000 + 27,000 + 25,000 + 18,750 - Ending WIP

Ending WIP= $13,500

4 0

3 years ago

XYZ Corp. applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $65 per direct manufacturing labo

anzhelika [568]

Answer:

Total production costs= $57,500

Explanation:

Giving the following information:

Estimated manufacturing overhead rate= $65 per direct manufacturing labor-hour.

Direct materials of $35,000

250 direct manufacturing labor-hours at $25 per hour

<u>First, we need to allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 65*250= $16,250

<u>Now, the total production costs:</u>

Total production costs= 35,000 + 25*250 + 16,250

Total production costs= $57,500

8 0

3 years ago

What is the value in year 7 of a 2700 cash flow made in year 8?

EleoNora [17]

Company 1 charges $0.04 per text message while Company 2 charges $25 for up to 500 texts. <span>Which company is cheaper if you have 500 texts and how much will you pay?</span>

5 0

4 years ago