Answer:
Date Account Title Debit Credit
12/31 Cash $23,000
Patent $85,000
Accounts Receivable $38,000
Accounts Payable $10,000
Allowance for doubtful debt $2,000
Capital $134,000
Answer: Product differentiation strategy
Explanation: In the given case, the industry in which Thomas works depicts features of oligopoly with few firms operating at high level. Thus, increase in price by Thomas would shift the demand for consumers to other firms.
Hence Thomas should opt for product differentiation strategy and should increase those features which classify its products different from the others. In such industries, quality is the core essence and costumers are wiling to pay slight higher prices if the quality of the product offered is higher than others.
Hence Thomas should narrow the completion and should focus on inventing some unique features in his products.
Stamp act!!!! Hope this helps!!! :)
A? I think hope this helps
Answer:
higher and potential output
Explanation:
Starting from long-run equilibrium, an increase in autonomous investment results in higher output in the short run and potential output in the long run.
This is because in concept of economics the long run the prices are at equilibrium and the highest level of real gross domestic product is been attained in contrast to the shortrun where the autonomous investment in increased output than that of before.