Answer: Monopolistically competitive firms are productively inefficient because production occurs where C. The average total cost is greater than the minimum average total cost.
Explanation: The average total cost shows the average in cost to produce a unit. Monopolistic competition is an imperfect competition because producers sell productions completely different fro each other in means of quality and branding. The average total cost needs to be below the minimum average total cost so that profit is being made continuously.
Answer:
$175,000
Explanation:
The computation of the amount recorded as a compensation expense is shown below:
= Number of shares of restricted stock issued × fair value per share + Additional number of shares of restricted stock issued × fair value per share
= 10,000 shares × $20 + 20,000 shares × $25
= $200,000 + $500,000
= $700,000
This $700,000 represents the four year period but we have to find out for one year so it would be
= $700,000 ÷ 4
= $175,000
We simply multiplied the number of shares with the fair value per share so that the compensation expense could come
When the government transfer resources to the poor in the form of a good or service it is called an in-kind transfer.
Many countries government provide large in-kind transfer resources to the poor in the form of a good or service. These transfers are commonly referred to as government redistribution programs, presumably from the wealthy to the poor.
The term in-kind transfers generally refers to goods, services, and transactions not involving money or not measured in monetary terms are transferred to the needy.
Hence, the in-kind transfers is based on the idea that governments want to target transfers to the needy.
To learn more about in-kind transfer here:
brainly.com/question/20411157
#SPJ4
Answer: See explanation
Explanation:
• Natural resources occur in the environment.
This is true. In our environments, we can see natural resources. They include coal, tin, limestone, iron ore etc.
• Example of services are teaching, banking, insurance, tailoring etc. In an economy, services are regarded as the intangible parts as they can't be touched. It is an important part of every nation.
• Example of goods are clothes, pens, cars etc.
Goods are physical and tangible items. They include laptops, chairs, phones etc.
• A renewable resource cannot be exhausted.
This is true. A renewable resource cannot be exhausted e.g. sunlight.
Answer:
Shape of the production possibility frontier curve.
Explanation:
Production possibility frontier curve is the graphical representation of various combination of two goods that a firm can produce by the given technology or other factors of production.
Opportunity cost in this context refers to the amount of one good is sacrificed for producing one extra unit of other commodity. The opportunity cost is normally related with the share of the production possibility curve. If the PPF curve is a horizontal line, then the opportunity cost remains the same over the different level of production of goods.
