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Feliz [49]
1 year ago
8

The force that leads to zero economic profits for monopolistically competitive firms in the long run is:_________

Business
1 answer:
KonstantinChe [14]1 year ago
7 0

For monopolistically competitive businesses, the factor that ultimately causes zero economic profitability is: newly added

What Exactly Is Economic Gain (or Loss)?

The difference between the money made from selling an output and the price of all the inputs plus any opportunity costs is what is known as an economic profit or loss. By deducting potential costs and explicit costs from generated revenue, economic profit is calculated.

Opportunity costs are a kind of implicit cost that management determines and that vary depending on various events and viewpoints.

Analysis of accounting profit and economic profit frequently goes hand in hand. The profit that a corporation reports as accounting profit appears on its income statement. Accounting profit is a measure of actual inflows and outflows that is necessary for a company to have financial transparency.

To know more about economic profitability

brainly.com/question/15867127

#SPJ4

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Amelia expects her friends to always be supportive of her no matter what they have going on and to understand when she is too bu
djverab [1.8K]

Comparison levels

Amelia and Lisa's comparison levels are different.

<h3>What do you mean by comparison levels?</h3>

According to prior interactions, the comparison level describes the expectations for the connection. We essentially weigh the advantages and disadvantages of our current relationship against those of our previous partnerships. Some people expect a lot of benefits since they have a high comparison level.

Learn more about comparison levels here:

brainly.com/question/14451322

#SPJ4

7 0
2 years ago
After watching both videos above, explain the importance of understanding intercultural communication. Identify the role that co
Triss [41]

Answer:

Intercultural communication is important as it helps in cross culture communication process. It helps in the process where different people belonging to different cultures communicate together on one platform. The communication can be verbal or non verbal among the people who belong to different cultural backgrounds.

Explanation:

High context communication is one in which communication is in such a way that relies heavily on non verbal language and emphasis the cultural values. Low context cultures communication is when people communicate in direct and precise manner. They rely heavily on verbal communication.

7 0
3 years ago
A double-entry accounting system is an accounting system: Multiple Choice That records each transaction twice. That records the
ddd [48]

Answer:

That records the effect of each transaction in at least two accounts with equal debits and credits.

Explanation:

A double-entry accounting system is the accounting system in which it shows the impact of each transaction in terms of debit and credit. In this the amount of credit should be equivalent to the amount of credit that means both the amount should be equivalent to each other

hence, the second option is correct and the same is to be considered

3 0
3 years ago
Presented below is information related to Kingbird Inc. Cost Retail Inventory, 12/31/20 $254,700 $397,600 Purchases 1,002,796 1,
Slav-nsk [51]

Answer:

Closing inventory is $294,932

Explanation:

The retail inventory method is used by retailers in estimating their closing inventory.

It identifies the relationship between cost and retail prices and thus associates cost to its net sales using the cost to retail ratio to work our its costs of sales which further guides in defining what his profit ought to be.

The cost to retail ratio is cost price divided by retail selling price

The cost of sales worked out is then deducted from Cost of Goods available for sales to determine the closing inventory/stock.

The schedule attached shows the relationship between cost and retail and how we arrived at a closing inventory of $294,932

4 0
4 years ago
The manager of a firm believes that she would lose sales if she raised her prices by $2.00, but the revenue lost would be more t
julsineya [31]

Answer:

This indicates that the manager perceives demand to be:_______.

c. unit elastic.

Explanation:

Unit elastic demand describes a demand curve which is perfectly responsive to changes in price. This implies that the quantity supplied or demanded changes according to the same percentage as the change in price.  For example, if the manager raises the price of her famous goods by $2.00, the unit elastic demand for that $2.00 increase would result in a decrease in the quantity demanded by one unit.

8 0
4 years ago
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