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lord [1]
3 years ago
6

In a perfectly competitive industry, the industry demand curve is ____, while in a monopolistic industry, the industry demand cu

rve is ______
Business
1 answer:
antoniya [11.8K]3 years ago
8 0

Answer:

The correct answer is downward sloping; downward sloping.

Explanation:

In a perfect competition the demand curve for an individual firm is a horizontal line parallel to the x axis. This happens because the firm is a price taker and operate on the price determined by the intersection of demand and supply curves. Any increase in the price will cause the demand to become zero.

While in the monopolistic market a single firm has downward sloping demand curve. Here, the firm is price maker and decides price level. Though, the consumers will demand more at lower price.

The industry supply curve for both will be downward sloping. This happens because, the firms consumers in a market will always demand more at low prices. The demand and price are inversely related.

You might be interested in
If accounts receivable turnover (credit sales/receivables) was 7.1 times last year compared to only 5.6 times in the current yea
Levart [38]

Answer:

A. Fictitious Sales in the Current Year

Explanation:

The Accounts receivable turnover is used to access a company's ability to make it debtor pay what they owe or ability to collect on the debts owed the company by customers.

Since the formula is Credit sales/ Receivables, a reduction in the accounts receivable turnover will mean an increase in receivables. The implication of this is that the Company is claiming that it is making more sales but since no cash or revenue is coming in, it is increasing the receivables instead. Large receivables will drive down the receivables turnover in the current period compared to the last.

If there are no fictitious sales, then sales should go up without a very sizeable increase in receivables at the end of the period.

3 0
3 years ago
Monetarist Theory states that:
Bess [88]

Answer:

The correct answer is (c)

Explanation:

Monetary economists believe that Federal Reserve controls the economic output. The policy Federal Reserve Bank applies determines the economic situation of a country. The Federal Reserve is liable to apply the monetary policy, and that monetary policy moves the country's output. If money supply increases in the economy it can lead to inflation and lower interest rate.

5 0
3 years ago
Dinesh manages a division of a sporting goods manufacturer. He attends a conference and receives advice from four experienced ma
stich3 [128]

Answer:

The correct answer is A) "Make the company a global organization so it can benefit from emerging markets."

Explanation:

A global organization is one that has a presence in several countries.

A global business needs some form of centralized authority, but a multilocal business works best with a dispersed national authority that allows each country to make its own decisions to adapt to local conditions.

It is important to know that if the company cannot make organizational changes, it is necessary to try to adopt global strategies.

5 0
3 years ago
Sharon purchases two products, X and Y, with a given fixed budget. The marginal utility she receives from the last unit of X she
lorasvet [3.4K]

Answer:

The correct answer is option A.

Explanation:

Sharon in consuming two goods X and Y.  

The price of X is $2 and that of Y is $1.  

The marginal utility derived from consuming X is 60 utils and from consuming Y is 30 utils.  

For profit-maximization the ratio of marginal utility and price should be equal for both goods or the marginal utility of money spent on both goods should be equal.  

The ratio for good X

= \frac{MUx}{Px}

= \frac{60}{2}

= 30  

The ratio for good Y

= \frac{MUy}{Py}

= \frac{30}{1}

= 30  

Since the ratio is same for both the goods it implies that Sharon is maximizing her total utility.

3 0
4 years ago
In order to reduce its production costs, Delta LLC has moved its manufacturing facilities to an underdeveloped country where the
grandymaker [24]

Answer:

The correct answer is (a)- Substandard working conditions .

Explanation:

Work conditions are understood as any aspect of work with possible negative consequences for the health of workers, including, in addition to environmental and technological aspects, work organization and management issues.

Although we bear in mind that disease is not something foreign to the human condition, but that it is part of its nature, as well as health, it is no less true that at work we get in relation to dangerous substances, materials and machines, with forced physical demands, with harmful environmental and climatic conditions, etc.

It is possible to avoid unjust illness and death, in the sense of preventable, premature, and with these adjectives most of the work-related damages can be described.

6 0
3 years ago
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