Answer:
b
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero
If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero
in the long run, only normal profit is earned
If Verslas is producing at a profit maximising point, it means that marginal revenue equal marginal revenue and the firm is earning a normal profit
The right answer for the question that is being asked and shown above is that: "b. benefits." Fern agrees to sell her guitar for $30 because she expects to gain more than she benefits from this sale.
Answer:
No, it is not a violation of the <em>law of demand</em>, hence why it is a "law."
Explanation:
During summer months, the demand for beach resorts increases. This is <u>different</u> from an increase in <em>quantity</em> demanded. The curve is shifting instead, towards the right, while the supply is stable. Since the demand curve shifts right, the price will increase to restore market equilibrium.
It is best to draw a graph for these questions, and know your demand determinants.
Answer: 1. Decreasing
2. Increasing
Explanation: i guess on it my guy
Answer: Helena will most likely end up spending some more money on everything else after receiving the voucher.
Explanation:
The budget constraint is used to shows the combinations of two goods which can be afforded by a consumer. A normal good is a good or product that when the income of the person rises,the demand for the product will also increase.
Based on the above information on the question, the correct answer is "Helena will most likely end up spending some more money on everything else after receiving the voucher".
This is because the voucher she was given can be spent only on educational expenses and her budget constraints comprises of educational expenses and everything else which is made up of normal goods. This means she'll still needs to get the normal goods later.
