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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.

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Classify each of the following based on the macroeconomic definitions of saving and investment.
S_A_V [24]

Answer:

A : Stock - Investment ; B : Condominium - Investment ; C : Lab - Investment ; D : Deposit Certificate - Savings

Explanation:

Saving is the amount set aside from income, so as to not get consumed & kept for further usage.

Investment is the addition to capital stock during a period of time.

A. Dina purchases <u>stock</u> in Pherk, a pharmaceutical company : is addition to financial capital stock - So, It is Investment

B. Charles purchases a new <u>condominium</u> in Miami : is addition to real estate capital stock - So, It is Investment

C. Ana borrows money to build a new <u>lab</u> for her engineering firm : is addition to firm capital stock - So , It is Investment

D. Yakov purchases a certificate of <u>deposit</u> at his bank : reflects deposited savings set aside from consumption - So , It is Saving

8 0
3 years ago
Chaz Denver Company has identified that the cost of a new computer will be $40,000, but with the use of the new computer, net in
Ludmilka [50]

Answer:

The formula for cash payback period is

Initial Investment/Net cash inflow from the investment

So in this case the initial investment is $40,000 and the cash flow increased by the computer is $5,000 so in order to find the cash payback period we will divide 40,000 by 5,000

40,000/5,000=8

The cash payback period is 8 years for the investment in the computer

In this case we ignored the depreciation expense as it is a non cash expense.

Explanation:

5 0
4 years ago
At the break-even point of 1000 units, variable costs are $60000, and fixed costs are $35000. How much is the selling price per
Mice21 [21]

Answer:

the selling price per unit is $95

Explanation:

The computation of the selling price per unit is shown below:

Selling price per unit is

= Total cost ÷ break even points

where,

Total cost is

= Variable cost +  fixed cost

= $60,000 + $35,000

= $95,000

And, the break even point is 1,000 units

So, the selling price per unit is

= $95,000 ÷ 1,000 units

= $95

Therefore, the selling price per unit is $95

6 0
4 years ago
Indicate the most useful scenario to use for each of these market baskets. Consumer Price Index: Examining price changes that mi
Helga [31]

Answer:

Consumer Price Index -  Measuring the cost of living for a typical consumer.

The CPI is a measure of the change in price of a basket of goods and services most commonly bought by an average customer.

Producer Price Index - Examining price changes that might affect businesses.

The Producer Price Index measures the change in prices for raw materials that are used in the production process. This is an important price index to measure the costs associated with running a business in a specific area.

Home Price Index - Measuring differences in the cost of living between different cities.

The Home Price Index measures the changes in the price of residential units in different areas. This index is useful to measure the cost of living accross cities because the cost of renting and buying real estate is often the most significant cost of living for any city.

3 0
4 years ago
(Problem 10) According to the European Central Bank website, the treaty establishing the European Community "makes clear that en
Yuri [45]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
4 years ago
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