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natali 33 [55]
3 years ago
5

If the price of a substitute increases, which of the following is most likely to happen in the market for the product under cons

ideration in the short run?
a. Supply will increase.
b. Firms will leave the market.
c. Firms will devote more variable inputs in the production of this good.
d. Firms will devote less variable inputs in the production of this good.
Business
1 answer:
OleMash [197]3 years ago
6 0

Answer:

If the price of a substitute increases, which of the following is most likely to happen in the market for the product under consideration in the short run?

Firms will devote more variable inputs in the production of this good.

Explanation:

When there is more variable inputs in the production of goods it gives room to have more substitute goods, hence; increases patronage.

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Answer:

The correct answer is a monopolistic competition.

Explanation:

Monopolistic competition is a form of market in which there are a large number of buyers and sellers. The sellers are providing differentiated products which are close substitutes.

There is a high degree of competition in the market. The entry and exit in the market are relatively easier than a monopoly market.

To increase their market share and earn more profits, the firms take the help of branding and advertising.

In the given example, the supermarket chain is operating in monopolistic competition as it has to face a high degree of competition and is using branding, etc to create a niche for itself.

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3 years ago
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77julia77 [94]

Answer:

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Explanation:

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3 years ago
If you decide to advertise in a newspaper, which tip could be used to help you write an effective and appealing ad?
Mandarinka [93]

If you decide to advertise in a newspaper, the tip that could be used to help you write an effective and attractive ad is to create a headline that catches your target audience's attention, as this is the first contact with your ad that may cause interest in advertising.

Some tips for writing an effective ad in a newspaper are:

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  • Determine ad content
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  • Offer unique opportunities
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Therefore, it is essential that when choosing the channel where your ad will be published, you verify that it is the most appropriate channel to attract the attention of your audience.

In a newspaper, it is effective to use advertisements that portray urgency, opportunity, and calls to action.

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3 0
3 years ago
Which report is constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the a
White raven [17]

The report that is constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance  is called : Adjusted trial balance

<h3>What is an adjusted trial balance?</h3>

Adjusted trial balance is an account prepared that shows the arithmetic accuracy of the ledger. This balance list the general ledger account balances after any adjustments have been made.

An adjusted trial balance include:

  • Adjustment for prepaid and accrued expenses.
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Therefore, an adjusted trial balance is a report, constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance.

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2 years ago
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ivanzaharov [21]

Answer:

Variable cost= $42

Explanation:

Giving the following information:

Each unit is sold for $50

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