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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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Suppose you are committed to owning a $215,000 ferrari. if you believe your mutual fund can achieve an annual return of 10.8 per

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Answer: I must invest <u>$85424.14</u> today in order to buy a Ferrari nine years from now on the day I turn 30.

We have

Price of the Ferrari nine years from now (Future Value - FV) $215000

Expected Rate of return on the mutual fund (r) 10.8%

Time until I turn 30 (n) 9 years

We can calculate the Present Value (PV) or the money to be invested today as

$\mathbf{PV = \frac{FV}{(1+n)^{n}}}$

$PV = \frac{215000}{(1+0.108)^{9}}$

$\mathbf{PV = 85424.14022}$

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3 years ago

Question 1 of 10

dolphi86 [110]

Answer:

B. A receipt.

Explanation:

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3 years ago

Which of the following explains why a company’s book value as reported in the balance sheet may not equal the company’s market v

kondaur [170]

Answer: "I. Many assets are measured at their historical cost rather than amounts for which the assets could be sold." explains why a company’s book value as reported in the balance sheet may not equal the company’s market value.

Explanation: Normally non-current assets (fixed assets) are valued at their historical acquisition cost, therefore the difference between the market value and the book value of a company occurs

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3 years ago

Under which market structure does a firm have negligible influence over product pricing? A. perfect competition B. monopoly C. o

Kobotan [32]

Answer: E. command economy

A command economy is an economy where the government decides what goods and services need to produced, the quantity to be produced and the price at which the products are to be sold. Hence a frim has no say in pricing its products.

The government is also the deciding factor with respect to the allocation of resources for investment and fixes incomes. A command economy is also known as a planned economy. North Korea and Cuba are examples of countries that have a command economy.

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3 years ago

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Tektron Industries has Beginning and Ending Raw Materials Inventories of $32,000 and $40,000, respectively. Direct Materials use

ch4aika [34]

Answer:

$138,000

Explanation:

The computation of the cost of Raw Materials Purchased is shown below:

= Direct materials used + ending direct material inventory - beginning direct material inventory

= $130,000 + $40,000 - $32,000

= $138,000

Simply we added the ending direct material inventory and deduct the beginning direct material inventory to the direct material used so that the accurate amount can come

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4 years ago