Answer: $0
Explanation:
The program is said to be custom-made which means that the program is specifically for this company and so cannot be used by another.
This will put the opportunity cost at $0 because the company cannot use the money paid to develop something else as there are no alternatives to a custom made software.
Given that <span>Melissa
has been working to develop drought-resistance seeds that require
little water to grow and which produce grain. she wants to send these to
arid parts of the world, where conventional grain is not easy (or even
impossible) to grow to improve nutrition for the people in those
countries. in sociological terms, melissa most likely ascribes to </span><span>Cornucopian theory.</span>
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.
To know more about monopolistic competition refer:
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Answer:
1. $425,000
2. $24,250
Explanation:
The computations are shown below:
1. For Average Operating Assets
Average operating assets = (Beginning Operating Assets + Ending Operating Assets) ÷ 2
= ($390,000 + $460,000) ÷ 2
= $425,000
2. Residual income = Operating income - (Average operating assets × Minimum Required Rate of Return)
= $66,750 - ($425,000 × 10%)
= $66,750 - $42,500
= $24,250
This investment is an example of a managerial decision. This process is done to aid the executives to be able to make the best possible decision that is needed by the business at that certain point of time. There are five steps that is involved in a managerial decision making. First would be establishing what is the main objective of the business. Then, like any other decision process, defining the problem and its the nature at that certain time is next. The third step would be listing all possible solutions present. Then, evaluating each possible solution listed. Listing all pros and cons would be recommended. In this step, we look at which would be the most favorable solution. The last step would be the implementation of the solution chosen.
