The answer is; "these sites have <span>increased the cross-price elasticity for substitute products".
</span>
When we evaluate the responsiveness
of the demand for any good towards the change in the price of a related good
is known as cross price elasticity of demand and it is
always measured in terms of percentage.
Monopolistically competitive firms are unlikely to:
A. produce where price equals average total cost.
B. charge a higher price than firms in perfect competition.
C. produce a smaller quantity than firms in perfect competition.
<u>D. operate where price equals marginal cost.</u>
E. exit the industry when demand falls below long-run average costs.
The Correct answer is <u><em>OPTION D</em></u><em>.</em>
<em />
When several firms provide similar but not identical replacement goods or services, we have<em> </em>monopolistic competition.
An industry with low barriers to entry and little impact from any one company's actions is said to be monopolistically competitive. Companies separate themselves from one another in the market by using price and advertising strategies.
It is called monopolistic competition when multiple businesses sell nearly identical goods. In monopolistic competition, businesses use price and marketing tactics to set themselves apart from rivals. In monopolistic competition, there are few barriers to entry in the form of high start-up costs or other difficulties to new entrants.
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Answer:
$498,597.35
Explanation:
For this question we have to determine the net present value which is shown below:
Year Cash flows Discount factor at 6.9% Present value
0 -$1000,000 1 -$1000,000 (A)
1 $570,000 0.935453695 $533,208.61
2 $570,000 0.8750736156 $498,791.96
3 $570,000 0.8185908471 $466,596.78
Total present value $1,498,597.35 (B)
Net present value $498,597.35 (A - B)
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Answer:
the cost for the running the boarding school for 600 students is $61000
Explanation:
Let x be the constant cost and y be the variable cost . then according to the given condition
total cost=<em><u> x +25y= $3500-------1</u></em>
<u><em>x +50y= $6000----------2</em></u>
Subtracting 1 from 25y= 2500
<u><em>y= 2500/25= $100-----------3</em></u>
<em><u>Putting the value of y from 3 in 1 </u></em>
x+ 25(100)= 3500
x+ 2500= 3500
<u><em>x= 1000$---------4</em></u>
<u><em>Putting the value of y from 3 in 2</em></u>
x+ 50(100)= 6000
x+ 5000=6000
<u><em>x= 1000$----------5</em></u>
<u><em>Putting the values of x and y in 1 for 600 students</em></u>
1000+ 600(100) =1000+ 60000= $61000