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alexandr402 [8]
3 years ago
10

The market situation of a monopolistic competitor is made more complex than our simple revenue-and-costs graphs would suggest, b

ecause the firm in reality juggles three decisions:__________
Business
1 answer:
zhannawk [14.2K]3 years ago
3 0

Answer:

The answer is price, product, and advertising.

Explanation:

The market situation of a monopolistic competitor is made more complex than our simple revenue-and-costs graphs would suggest, because the firm in reality juggles three decisions: price, product, and advertising.

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A British-made automobile is priced at £20,000 (20,000 British pounds). A comparable U.S.-made car costs $27,200. One pound trad
ira [324]

Answer:

The overview of the given situation is described in the explanation section below.

Explanation:

(1)...

The actual exchange rate from either the viewpoint of U.S:

= 0.867

<u>Working:</u>

As per the British automobiles cost will be:

=  £20,000 x $1.50/£ or $30,000

And the US car's cost compares to either the Uk car will be:

= \frac{26,000}{30,000}

= 0.867

It demonstrates that the US car seems to be cheaper or affordable.

(2)...

From either the Uk view the actual exchange rate will be:

= 1.154  

<u>Working:  </u>

US automobile worth in pounds is equivalent to,

= \frac{26,000}{1.50}

= £17,333.  

The Uk vehicle's price compared to the US car currently amounts to,

= \frac{20,000}{17,333}

= 1.154

(3)...

Cars or Automobiles are competitively priced in the US.

<u>Explanation:</u>

British vehicle exceeds,

= \frac{20,000}{17,333}

= 1.154 compared to the U.S car.

It also means that perhaps the British car is much more costly, and as such the U.S. car becomes valued more highly competitive.

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3 years ago
This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, th
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Answer:

Both of these must be included in the gross income.

Explanation:

The reason is that the employee income that is taxable includes all the benefits in monetary amount and benefits in kind. These benefits are paid to employee as a share of salary to manage his motivation. These incomes must be included in the gross income to calculate his gross income.

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An organization that has a relatively diverse employee population and makes an effort to involve employees from different gender
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4 years ago
Israel kirzner believes entrepreneurs have a unique capability, which he calls _________ ________, to spot existing opportunitie
Hatshy [7]
Israel kirzner believes entrepreneurs have a unique capability, which he calls entrepreneurial alertness, to spot existing opportunities for businesses.
Israel<span> Meir </span>Kirzner<span> is a British-born American economist. we can define the unique ability of </span>Entrepreneurial alertness that some people have as to recognize competitive limitations or imperfections in markets.
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