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Mars2501 [29]
4 years ago
11

A profit-maximizing firm in a monopolistically competitive market differs from a firm in a perfectly competitive market because

the firm in the monopolistically competitive market a. chooses its profit-maximizing quantity where marginal revenue equals marginal cost. b. sells its product in a highly-concentrated market. c. faces a downward-sloping demand curve for its product. d. can earn profits in the long run.
Business
1 answer:
irinina [24]4 years ago
7 0

Answer:

c. faces a downward-sloping demand curve for its product

Explanation:

Perfect Competition is a market form, having large no. of sellers, selling homogeneous products at constant prices. So, constant prices imply that their demand curve is horizontal, perfectly elastic.

Monopolistic Competition is a market form, having many sellers, selling slightly differentiated products which are incomplete substitutes of each other. The prices also vary from firm to firm, depending on product quality. So, these firms have usual downward sloping curve, denoting price-demand inverse relationship.

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alina1380 [7]

Answer:

$1,223,500

Explanation:

The computation of cost of goods sold using LIFO method is shown below:-

Here, we are using LIFO method so we calculate from last number of units and cost per unit so we need to get 1,100

So, units from last 270 + 440 + 340 = 1,050

Now we need 50 units from purchase units so cost of goods sold

= 270 × $1,190 + 440 × $1140 + 340 × $1,040 + 50 × 940

= $321,300 + $501,600 + $353,600 + $47,000

= $1,223,500

4 0
3 years ago
Marian is itemizing deductions on her federal income tax return and had
Keith_Richards [23]

Answer:

B, 580

Explanation:

5 0
4 years ago
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mojhsa [17]

Answer:

$1,420

Explanation:

The computation of the bad debt expense is shown below:

As we know that

Ending balance of allowance for uncollectible accounts = Beginning balance of allowance for uncollectible accounts + bad debt expense - written off amount

$1,280 = $1,325 + bad debt expense - $1,465

So, the bad debt expense for the year 2022 is $1,420

Basically we applied the above formula to find out the bad debt expense

4 0
3 years ago
When should a child's face covering be removed? (Select all that apply)
DENIUS [597]

Answer:

Answer Is Below

Explanation:

When should a child's face covering be removed? (Select all that apply)

1) During mealtimes and naptimes.

3) If a child is having difficulty breathing.

5 0
2 years ago
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AURORKA [14]

Answer:

The correct answer is e. Legal-political.

Explanation:

Any law, order or administrative action of the Host Country resulting in the permanent and total cessation of the investment activities in the Host Country.

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4 0
3 years ago
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