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1 year ago

In long-run equilibrium, monopolistically competitive firms will show a(n) _____.

Business

1 answer:

Sever21 [200]1 year ago

6 0

In long-run equilibrium, monopolistically competitive firms will have excess production capacity.

What is Monopolistic Competition?

When a large number of businesses provide competitive goods or services that are comparable but imperfect substitutes, monopolistic competition exists.

A monopolistic competitive industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its competitors. The price and marketing choices made by the competing companies serve as their points of difference. Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and comprises businesses with comparable but distinct product offerings. Industries with monopolistic competition include those in restaurants, hair salons, household goods, and clothes.

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What would happen to the buying power of your investment after one year if your rate of return was 8% and the rate of inflation

Anna71 [15]

Dude why did you put this question like 5 times??

4 0

4 years ago

How much would you have to invest today in the bank at an interest rate of 10% to have an annuity of $5600 per year for 7 years,

Shtirlitz [24]

Answer:

PV = $27,263.15

It will be needed to deposit the lump sum of $27,263.15

Explanation:

The question is asking for how much will you need to deposit in a lump sum today to withdraw for seven years the sum of $5,600 with an interest rate of 10%

In other words it is asking us for the preset value of an annuity of $5,600 with interest of 10%

Using the present value of an annuity formula of $1 we can solve for the present value of that annuity, which is the amount needed to generate this annuity

$C * \frac{1-(1+r)^{-time} }{rate}= PV\\$

We post our knows value and solve it:

$5,600 * \frac{1-(1+0.10)^{-7} }{0.10}= PV\\$

PV = $27,263.15

8 0

3 years ago

The following labor standards have been established for a particular product:

swat32

Answer:

$2,430F

Explanation:

The formulae for labor rate variance is given as (Actual rate - Standard rate) × Actual hours worked.

Labor rate variance = (Actual rate - Standard rate) × Actual hours worked

Given that;

Actual rate = Actual total labor cost ÷ Actual hours worked

= $119,880 ÷ 8,100

= $14.8 per hour

Standard rate = $15.10 per hour

Actual hours worked = 8,100

Labor rate variance = ($14.8 - $15.10) × 8,100

Labor rate variance $2,430F

8 0

3 years ago

MC Qu. 120 Dallas Company uses a job order... Dallas Company uses a job order costing system. The company's executives estimated

SVETLANKA909090 [29]

Answer:

$6.91 per direct labor hour

Explanation:

Given that,

Estimated direct labor = $2,640,000

Estimated direct labor hours = 220,000

Factory overhead = $1,520,000

Actual overhead costs = $1,220,000

Therefore,

Predetermined overhead rate:

= Estimated overhead cost ÷ Estimated direct labor hours

= $1,520,000 ÷ 220,000 hours

= $6.91 per direct labor hour

4 0

3 years ago

muhammad yunus, founder of the grameen bank, was highly successful in his use of applying social incentives through group respon

BaLLatris [955]

Muhammad Yunus, The Grameen bank founder, was highly successful in applying social incentives through group responsibility to maximize loan repayment rates and created an incentive for other banks to offer similar loans to the poor.

Since Professor Muhammad Yunus founded Grameen Bank in 1976, several economists have analyzed the Grameen Bank's success in trying to eradicate poverty in Bangladesh, either theoretically or empirically. He used social incentives through group responsibility to maximize loan repayment rates and created an incentive for other banks to offer similar loans to the poor.

Social incentives refer to a wide variety of interpersonal motivations and rewards that encourage people to act in a socially valued and approved manner. Projecting a positive reputation and social image, obtaining social acceptance, and moving up the social hierarchy are all examples of social incentives.

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6 0

2 years ago