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Gnesinka [82]
3 years ago
5

Suppose that widgets are produced by a monopolistically competitive industry. If each firm in this market has the same cost stru

cture and charges the same price, then Q = S / n, Assume that the demand curve is such that b = 1 / 20.
The cost function for any given producer is given by:
TC = 3,000 + (4 x Q)
Suppose there are two countries Home and Foreign and Home has a market size SH = 2,400 widgets and Foreign has market size SF = 1,350 widgets. Assume that both countries have the same costs of production and demand curve.
a) Find the equilibrium number of firms and the equilibrium price and quantity in the long run for each country in the absence of trade.
Business
1 answer:
natulia [17]3 years ago
3 0

Answer:

The equilibrium number of firms is 20.

Explanation:

Q = SH × b

   = 2,400 × (1/20)

   = 2,400 × 0.05

   = 120

Also given, Q = S / n

                120 = 2,400 / n

                  n = 20

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Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a specific year. If the firm sol
jenyasd209 [6]

Answer:

$200,000

Explanation:

Accounting profit = Total revenue - Explicit cost

Total revenue = 4000 × $300 = $1,200,000

$1.2 million - $1 million = $200,000

I hope my answer helps you

4 0
3 years ago
You have decided that you want to be a millionaire when you retire in 45 years.
fiasKO [112]

Answer and Explanation:

The computation is shown below:

We use the formula that is given below:

Invested amount = $1,000,000 present value

Present value = 1 ÷ (1 + rate of interest)^number of years

a.

The amount invested is

= $1,000,000 ÷ (1.1104)^45

= $8,983.07

b,

The amount invested is

= $1,000,000 ÷ (1.0552)^45

= $89,111.71

4 0
3 years ago
In the management hierarchy _____ includes managers who set the overall direction of a firm, articulating a vision, establishing
ValentinkaMS [17]

Answer:

The correct answer is D) Top management

Explanation:

Top management, as the name implies, consists of those who are at the highest point in the management hierarchy. The most common positions that are part of top managament are, Chief Executive Officer (CEO), Chief Financial Officer (CFO), and Chief Strategist Officer (CSO). They are usually part of the Board of Directors, which answers to the shareholders.

Their task is, as the question specifies, to define the general policy of the company, including goals and strategies to achieve those goals. In a way, companies are just like nations, they have top executives like the president or the president of the senate, who define the direction in which the company/country will go.

7 0
3 years ago
1.Danner Company expects to have a cash balance of $45,000 on January 1, 2017. Relevant monthly budget data for the first 2 mont
Nat2105 [25]

Answer:

\left[\begin{array}{ccc}&January&February\\$beginning&45000&27500\\$receipts&97000&150000\\$disbursement&-114500&-163500\\$interest&0&0\\$subtotal&27500&14000\\$minimun&20000&20000\\$Financing&&\\$beginning&0&0\\$payment/loan&0&6000\\$ending&0&6000\\&&\\$ending cash&27500&20000\\\end{array}\right]

Explanation:

On January we collect the 85,000 from revenues and the 12,00 form marketable securities.

Then, we add up each disbursement:

Materials 50000

Labor       30000

Overhead (net of depreciation) 19,500

Selling and administrative 15000

Total 114,500

Then we solve for the cash balance and get the blaance as it is higher than 20,000 we do not need financing

Then, this value is the beginning cash for February. As the ending balance is 14,000 we will take 6,000 financing to reach the bare minimum of 20,000

3 0
3 years ago
A survey of 1000 executives ranked _____________ at the top, as the ideal manager's skill. a. listening b. conflict resolution c
kotegsom [21]

Answer:

The correct answer is letter "A": listening.

Explanation:

Ideal manager skills are a set of practices and preferred behaviors high-range executives are expected to have or develop for managerial purposes. Among those aptitudes good communication and organization are vital. That is why listening is very important since managers must listen to their bosses as well as to their subordinates and customers.

7 0
3 years ago
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