Demand and marginal revenue curves are downward-sloping for monopolistically competition firms because: a. product differentiation allows each firm some degree of monopoly power.
<h3>What is product differentiation?</h3>
Product differentiation can be defined as what makes a product to different from another product which is why some producer tend to include a unique features in their so as to make their product distinct from that of others.
A monopolistic competitive firms can tend to face a downward - sloping demand curve based on the fact that it help to differentiate their product from that of others competitors.
Therefore the correct option is A.
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The complete question is:
Demand and marginal revenue curves are downward-sloping for monopolistically competition firms because...
a)product differentiation allows each firm some degree of monopoly power
b)there are a few large firms in the industry and they each act as a monopolist
c)mutual interdependence among all firms in the industry leads to collusion
d)each firm has to take the market price as given
Answer:
a. Show her the list and then take it away and have her testify from her 'refreshed recollection.'
Explanation:
In the given scenario Gloria testifies that when she came to work the day after the robbery, she noticed that large amounts of inventory were missing. She spent the entire day cataloguing the missing items.
In the trial she said she can remember what was stolen.
Under rule 612 the prosecutor is allowed to.show her the list and them take it away. Gloria can now testify from her refreshed memory.
On the other hand if she said she could recall the items the prosecutor would have under the hearsay exception (rule 803 (5)) requested she state the missing items.
But in this case she said she cannot recall the items
Answer:
B. $ 12 comma 600 comma 000
Explanation:
15,000 units x $700 cost per unit = 10,500,000 total cost
markup policy for the firm: 20% of total cost
the sales price will be the total cost for the order plus a 20% of that cost as a gross profit margin.
sales price = cost x (1 + 20%)
sales price = total cost x 1.20
sales price = 10,500,000 x 1.2 = 12,600,000
All liabilities involve a probable future sacrifice of economic benefits and arise as a result of past transactions or events.
A liability is a debt that a person or business has, typically in the form of money. Through the transmission of economic benefits like money, products, or services, liabilities are eventually satisfied. Assets and liabilities can be compared. Assets are items you own or owe money to; liabilities are things you owe money to or have borrowed. A liability is an unfulfilled or unpaid obligation owed by one party to another. A financial liability is an obligation in the world of accounting, but it is more specifically characterized by previous business transactions, events, sales, exchanges of goods or services, or anything else that will generate income in the future.
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The service or tool that could be used for gaining the benefits should be AWS Orgs.
The information related to AWS Orgs is as follows:
- AWS Organization should be an account management service.
- In this, there are multiple AWS accounts that should be consolidated for developing and managing.
- As an organization administrator, the accounts should be developed and the existing accounts should be invited for joining the organization.
Therefore we can conclude that the service or tool that could be used for gaining the benefits should be AWS Orgs.
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