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3 years ago

Consumers' differing tastes are one reason why monopolistic:____.

Business

1 answer:

ikadub [295]3 years ago

5 0

Answer:

d) competitors are similar to monopolists.

Explanation:

Monopolistic competition refers to a condition of the market in which it connects with various irms that are closely linked to each other but sell distinct products.

Also, there is free entry and exit in this market

In case when consumer taste and preferences are different so the monopolistic competitors are the same as the monopolist

hence, the correct option is d.

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A person invests $50,000 in an investment that earns 6 percent. If $5,648 is withdrawn each year, how many years will it take fo

patriot [66]

Answer:

13 years

Explanation:

As for the provided information, we have

Present value annuity factor required = $\frac{50,000}{5,648} = 8.8526$

Now provided interest rate = 6%

With this interest rate as in the future values for a series of same amount , we see that for 13 years the value = 8.8526

This can even be calculated as follows:

$\frac{1}{(1 + 0.06)^1} + \frac{1}{(1 + 0.06)^2} + \frac{1}{(1 + 0.06)^3} + \frac{1}{(1 + 0.06)^4} + .................. + \frac{1}{(1 + 0.06)^1^3}$

As with this we can confirm our answer.

Therefore, number of years = 13 years.

8 0

3 years ago

Sue Bee Honey is one of the largest processors of its product for the retail market. Assume that one of its plants has annual fi

NNADVOKAT [17]

Answer:

$75 per case

Explanation:

Required: Selling Price per case

Sales – Variable cost – Fixed cost = Target desired profit

Sales = 800000 case x Selling Price (SP)

Variable cost = (800000 case x $40) + (800000 x SP x 25%)

Putting into equation:

Sales – Variable cost – Fixed cost = Target desired profit

(800000 x SP) – [(800000 x 40) + (800000 x SP x 25%)] - $8000000 = $ 5000000

>800000SP – (32000000 + 200000SP) – 8000000 = 5000000

>800000SP – 32000000 – 200000SP – 8000000 = 5000000

>800000SP – 200000SP = 5000000 + 8000000 + 32000000

>600000SP = 45000000

>SP = 45000000 / 600000

>SP = $ 75

3 0

3 years ago

Read 2 more answers

The ex post real interest rate will be greater than the ex ante real interest rate when the: A) rate of inflation is increasing.

pentagon [3]

Answer:

C. actual rate of inflation is greater than the expected rate of inflation.

Explanation:

Ex post real interest rate is the interest rate that comes in after the fact, also know as realized return, While the Ex ante real interest rate is the expected return or anticipated interest after the fact. Ex post real interest rate would be greater with increasing inflation because money given out increase with inflation when the interest returns.

7 0

4 years ago

An outdoor barbecue grill manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of ac

Zina [86]

Answer:

Fixed overhead volume variance $ 2801.3

Explanation:

The difference between budgeted Fixed Overheads and Applied Fixed Overheads gives the Fixed overhead volume variance.

Given Data

(Planned )Denominator level of activity 4,600MHs

Fixed overhead cost$50,140

Actual hours 5,000MHs

Standard hours allowed for the actual output 4,743MHs

Actual total fixed manufacturing overhead cost$48,690

We need Budgeted Fixed overhead and we can find it by dividing the fixed costs by the denominator level of activity and multiplying it with actual hours.

We also need to find Applied Fixed overhead by dividing the fixed costs by the denominator level of activity and multiplying it with standard hours for actual output.

Calculations

Budgeted Fixed Overhead= ($50,140 /4,600MHs )* 5,000MHs

= $ 54,500

Applied Fixed overhead= ($50,140 /4,600MHs )* 4743MHs

= $ 51698.7

Formula

Fixed overhead volume variance=Budgeted Fixed overhead- Applied Fixed overhead

Fixed overhead volume variance= $ 54,500- $ 51698.7= $ 2801.3

5 0

3 years ago

A decrease in demand for cameras would likely be caused by

nignag [31]

A decrease in demand for cameras would likely be caused by increased abilities in cell phones for filming

3 0

3 years ago