Due to its ease of accommodating an increase in production, the representative firm in monopolistic competition typically has excess capacity over time.
<h3>What will happen if a monopolistic, rival business raises its price?</h3>
However, customers have the option to purchase a comparable product from another company if a monopolistic rival increases its price. When a dominant rival raises prices, it will not lose as many clients as a business operating in perfect competition, but it will lose more clients than a monopoly.
<h3>Why does monopolistic competition have excess capacity?</h3>
Natural monopolies or monopolistic competition both have excess capacity as a feature. It could take place as a result of businesses having to make lumpy or indivisible investments to boost capacity as demand rises.
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Answer:
A.
Dr Vacation pay expenses $40,000
Cr Vacation pay payable $40,000
B.
Dr Pension expenses $222,750
Cr Cash $185,000
Cr Unfunded pension liability $37,750
Explanation:
Regling Company Journal entries
A.
Dr Vacation pay expenses $40,000
Cr Vacation pay payable $40,000
B.
Dr Pension expenses $222,750
Cr Cash $185,000
Cr Unfunded Pension liability $37,750
Answer:
Indirect loss
Explanation:
The lost profits are an example of indirect loss.
Indirect loss also known as consequential loss is a loss sustained by a business owner when it is unable to use its assets for the intended purpose. Indirect loss is as a result of damage caused by fire, flood, earthquake etc.
An insured business is able to recover part of indirect loss but if the business is not insured, then it will bear the consequences alone.
Answer:
Correct option is (c)
Explanation:
Principal amount of bond is also called face value of bond that is repaid in full at maturity. Bonds are issued for a fixed period called maturity period that could be 3 years, 5 years or 10 years. At the end of this period, Bond's face value that could be $100 or $1,000 is repaid fully. Repayment of principal amount is not dependent on frequency of coupon payment.
Coupon payments are paid annually or semi annually as the case may be. This is annual interest rate that is paid to the bond holder till maturity of bond. It is calculated on the face value. For example, 5% bond of face value $1,000 is issued. Semi annual coupon payment will be 0.025 × 1,000 = $25.
Answer:
a. Did you purchase or lease the vehicle? CATEGORICAL DATA
b. What price did you pay? QUANTITATIVE DATA
c. What is the overall attractiveness of your vehicle's exterior? (Unacceptable, Average, Outstanding, or Truly Exceptional) CATEGORICAL DATA
d. What is your average miles-per-gallon? QUANTITATIVE DATA
e. What is your overall rating of your new vehicle? (l- to 10-point scale with 1 Unacceptable and 10 Truly Exceptional) QUANTITATIVE DATA
Explanation:
Quantitative data can be measured in numbers, e.g. 20 miles per gallon. While categorical data refers to non-numerical responses, e.g. higher quality, better looks, and is generally obtained by choosing one response from a group of available answers.
