Answer:
D. differentiated products
Explanation:
Monopolistic competition refers to a kind of imperfect competition where there are may producers that sells differentiated goods that are therefore not perfect substitutes.
Perfect competition is where there are many producers that sell homogeneous or identical goods that are perfect substitutes.
Therefore, monopolistic competition is different from perfect competition because of differentiated products.
Answer: E. switch to a multiple supplier approach
Explanation:
Since the company has had issues with inventory in the past, then the recommendation of the production manager should be that the company should switch to a multiple supplier approach.
By switching to multiple supplier, the company can compare prices and also have alternative suppliers to call in case there's a challenge with a particular supplier.
Answer: b. $31,000
Net income = Revenue - costs
Revenue = 48,000+12,000=60,000
Costs = 26,000+3,000= 29,000
Net Income = 60,000-29,000= 31,000
We will not count prepaid rent as an expense for this years net income calculation because it is an expense for the next accounting period and not this one.
Explanation:
Answer:
E) I, II, and III
Explanation:
It is a simple question that needs to take into account all the revenue generating activities and as such all the activities that is, the increased sale of fishing and hunting, the increased sale of camping gear and the reduced sales of model train need to be analyzed. This is because we are computing the net revenue effect of this business decision and in projections anything that increases the revenue or decreases the revenue need to be ascertained to make this projection a worthwhile decision information.
Hope this helps.
Answer:I believe the answer is C
Explanation: when the aggregate curves that means prices will change and there will be a higher demand