Answer:
When monopolistically competitive firms advertise, in the long run they will still earn zero economic profit.
Explanation:
Monopolistic competition happens when many producers sell products that are differentiated from one another and hence are not perfect substitutes
Based on this, the demand curve of a firm in a monopolistic competitive market will shift so that it is tangent to the firm's average total cost curve and this will make it impossible for the firm to make economic profit. The best that can be expected is to be able to break even
This means in the long run, a monopolistically competitive firm will make zero economic profit.
A good example is Hotel which can only raise its prices without losing all of its customers based on brand loyalty and distinct quality differentiation.
Answer:
A)favors the use of a large number of small local projects
Explanation:
Kaizen approach can be regarded as an approach that enables continuous improvement as a result of the idea which focus that a small as well as a continuous positive changes can give rise to tangible improvements. This approach focus on commitment as well as cooperation. It should be noted that The Kaizen approach to change favors the use of a large number of small local projects.
Answer:
d. $42,000
Explanation:
Calculation for what was the estate's distributable net income (DNI)
ESTATE'S DISTRIBUTED NET INCOME
GROSS INCOME:
Taxable interest $65,000
ESTATE DISBURSEMENTS:
Less Administrative expenses ($14,000)
Less Charitable contributions from gross income ($9,000)
DISTRIBUTED NET INCOME (DNI) $42,000
($65,000-$14,000-$9,000)
Therefore the estate's distributable net income (DNI) will be $42,000
Answer:
G is equal to $280
Explanation:
The equation for a closed economy is:
AE= C+ I + G
Since it is stated that at equilibrium Y= AE, substitute in the equation, giving:
Y= C+ I+ G
Putting in the given figures
1265= 660+ 325+ G
1265= 985+ G
1265-985= G
$280= G
