The process of approving the Constitution is best described as
2 answers:
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Answer:
a. marginal revenue is equal to marginal cost.
Explanation:
Monopolistic competition can be defined as an imperfect competition where many producers or organizations sell differentiated products that are not perfect substitutes. Examples of firms or organizations engaging in a monopolistic competition are restaurants, shoes, clothing lines etc.
Generally, a monopolistic competitive market is characterized by the presence of large numbers of firm (producers) and a very low entry barrier.
Hence, in a monopolistic competition, firms have a degree of control over price, make independent decisions and can freely enter or exit the market in the long-run. Therefore, these firms combine elements of both monopoly and competition.
When a monopolistically competitive firm is in long-run equilibrium marginal revenue is equal to marginal cost . This ultimately implies that in the long-run, firms engaging in monopolistic competitive market are often going to manufacture the quantity of goods where the marginal cost (MC) curve intersect with the marginal revenue (MR). Also, the price set would be greater than the minimum average total cost (ATC).
<em>Thus, a monopolistic competitive producer has a highly elastic demand curve and firms would eventually break even in the long-run. </em>
Answer:
Explanation:
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<em>We will cross-multiply the variables concept like sales revenues materials, labor and other</em>
I.G
<em>sales revenues for 90,000:</em>
3,500,000 / 100,000 x 90,000 = 3,150,000
<em>for 80,000:</em>
3,500,000 / 100,000 x 80,000 = 2,800,000
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The fixed will remain at the same value between the relevant range so we do not change them.
For the tax expense we will have to check which is the rate
for 220,000 operating income the tax expense is 66,000
we can solve for rate: 66,000/220,000 = 0.3 = <em>30%</em>
Now we will determinate the tax expense with that rate.
<em>NOTE</em> attached missing information
Answer:
The correct answer is:
5×5700 yr = 28,500 years (d)
Explanation:
The half life of an element/atom is the time is takes for that element/atom to decay to half of its original mass/size.
It was found that the carbon-14 atom had decayed until only of the original size is still remaining.
Now, let us first find how many half lives are in one-sixteenth, and that is =
. so it means that there are 4 half lives in one-sixteenth, and since one half life takes approximately 5700 years, therefore 4 half lives will take 4×5700 yr = 22, 800 years, but at this point (22,800 years ago)the fossil has already half-life, therefore the additional age is to add the number of years it took to decay that half life. hence the age of fossil is:
22,800 + 5700 = 28, 500 years