Answer:
D. is imperfectly competitive, but not all imperfectly competitive markets are monopolistically competitive.
Explanation:
Monopolistic competition may be seen as a variety of competition that determine the characteristics of variety of industries that are familiar to consumers in their day-to-day lives. For instance, restaurants, hair salons, clothing, and consumer electronics are all monopolistic competitive market but not all imperfectly competitive markets are monopolistically competitive.
Answer:
Here are four benefits of a business plan:
You can get outside funding. To get funding from lenders or investors, you need to show a business plan. ...
You gain an understanding of your market. ...
You focus your strategies. ...
You can check the financial numbers.
Explanation:
Answer:
Short-run is a time limit during which at least one input can be fixed and other input quantities can be verified.
The long run is a time period in which all the inputs can be verified in quantities.
Explanation:
- Both the fixed and variable costs occur in the short term.
- There are no fixed costs in the long term.
- The combination of the output of a company results in the desired amount of the goods at the lowest possible cost is sustained by efficient long-term costs.
- The output changes variable costs. For instance, the employee's salaries and raw material costs are variable costs.
- Based on variable costs and the production rate, the short-run costs are increasing or falling. If a company manages its short-term costs well over time, the desired long-term costs and goals will more likely be achieved.
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Answer:
To calculate the Federal Unemployment Tax Act (FUTA) taxes that the employer must pay we have to multiply Aaron's salary times FUTA tax rate:
$24,900 x 0.6% = $149.40
To calculate the State Unemployment Tax Act (SUTA) taxes that the employer must pay we have to multiply Aaron's salary times SUTA tax rate:
$9,900 x 4.7% = $465.30
