Demand curves slope___ because as prices increase and other things remain

Business

1 answer:

GenaCL600 [577]3 years ago

8 0

I think the answer is Downwards;increases

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Brinkman Corporation bought equipment on January 1, 2007 .The equipment cost $90,000 and had an expected salvage value of $15,00

Likurg_2 [28]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The equipment cost $90,000 and had an expected salvage value of $15,000. The life of the equipment was estimated to be 6 years.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (90,000 - 15,000)/6= 12,500

Accumulated depreciation year 2= 12,500*2= 25,000

Book value= 90,000 - 25,000= 65,000

8 0

3 years ago

The demand curve of a monopolistically competitive firm A) is horizontal because the firm must cut its price to sell more. B) is

melisa1 [442]

The demand curve of a monopolistically competitive firm A) is horizontal because the firm must cut its price to sell more.

The demand curve of a firm that is perfectly competitive is horizontal at the market price.
As a result, every unit sold will result in it receiving the same price.
The difference in total revenue from selling one more unit at the constant market price is the marginal revenue that the company receives.

A monopolistically competitive firm's perceived demand curve slopes downward, indicating that it sets prices and selects a mix of quantity and price.

Why is the demand curve in monopolistic competition more elastic than a monopoly?

Firm's demand curve under monopolistic competition is more elastic than under monopoly because of availability of close substitutes under monopolistic competition.

Learn more about demand curve brainly.com/question/13131242

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