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yaroslaw [1]
3 years ago
6

A monopolistically competitive firm is currently producing the profit-maximizing level of output. If the price of a variable inp

ut increases, which of the following will occur?
(A) The firm will increase its output to increase its revenue.
(B) The firm will increase the price of its output by the same amount.
(C) The firm’s average total cost and marginal cost curves will shift upward.
(D) The firm’s average fixed cost will decrease as it decreases production.
(E) The firm’s fixed cost will increase, but its output level will be unaffected.
Business
1 answer:
statuscvo [17]3 years ago
8 0

A monopolistically competitive firm is currently producing the profit-maximizing level of output. If the price of a variable input increases, the firm’s average total cost and marginal cost curves will shift upward.

Option C

<u>Explanation: </u>

Monopolistic competition is a sort of incomplete competition that requires multiple companies to sell a product which is distinct and thus not ideal alternatives.

Monopoly competition is a framework of the market that integrates monopoly aspects and market competition. A dynamic monopoly market basically has freedom of entering and exiting, but businesses can distinguish between their goods.

We get an inelastic curve of demand and therefore can set the prices. Nevertheless, because the right to participate would allow supernormal incentives to more businesses to gain market share, which will result in regular long-term profits .

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Answer:

Enterprising

Explanation:

Given that people in enterprising careers are those taking job positions such as Insurance Sales Agent, Lawyers, Arbitrator, Mediator, Sales or Retail Buyer, Head Cook, Construction Manager.

Hence, it practically correct to conclude that People in ENTERPRISING careers are persuaders they like leadership roles as well as sales, they often have a good verbal ability and talk to people into doing things their way

4 0
3 years ago
On December​ 31, 2018 the balance in Energy Exploration​ Company's Unearned Revenue account was a credit of $ 10 comma 000. In​
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Answer:

$15,000

Explanation:

Given that,

Credit balance in Unearned Revenue account = $10,000

Advance payment by a customer = $12,000

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Balance in unearned revenue:

= Credit balance in Unearned Revenue account + Advance payment by a customer - Revenue earned during January

= $10,000 + $12,000 - $7,000

= $15,000

Therefore, the balance in Unearned Revenue on January​ 31, 2019 is $15,000.

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3 years ago
Oromyx Inc., a manufacturer of home appliances, received consumer complaints about its product demonstration and installation se
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Answer:

B) customer satisfaction

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4 0
4 years ago
Which of the following statements is true about the constant growth model?
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Answer: The constant growth model can be used if a stock's expected constant growth rate is less than its required return.

Explanation:

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It assumes that a company's dividends are increasing at a constant growth rate indefinitely.

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When expected constant < required return, then the constant growth model can be used.

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The constant growth model can be used if a stock's expected constant growth rate is less than its required return.

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3 years ago
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Finance concerns with managing the money and the wealth of the organization so it could grow in the future.

Accounting is the function that records, controls and interprets the financial performance of an organization.

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