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GalinKa [24]
3 years ago
8

When new firms enter a monopolistically competitive​ market, the economic profits of existing firms A. will decrease because the

ir demand curves will shift to the left. B. will decrease because their demand curves will become more inelastic. C. will decrease because their demand curves will shift to the right. D. will remain unchanged because they sell differentiated products. E. will increase because their average cost of production will decrease.
Business
1 answer:
Anit [1.1K]3 years ago
8 0

Answer:

The correct answer is option A.

Explanation:

Monopolistic competition is a market structure where there is a large number of producers selling differentiated products. These firms are price makers. There is very low or no restriction on the entry and exit of new firms.  

Positive economic profits earned by the existing firms will attract potential firms to enter the market. When new firms enter, it increases the supply in the market.  

This causes the price and market share of existing firms to decline. As the individual demand curves of the existing firms shift to the left, their profits will increase as well.

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Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including​ Char
nlexa [21]

Answer:

6,750 dinner cruise tickets

Explanation:

The computation of the break even point in units is shown below:

= (Fixed expenses + target profit) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

So, the contribution margin per unit is

= $80 - $40

= $40

And, the fixed expenses is $240,000

And, the target operating income is $30,000

So, the target sales in units is

= ($240,000 + $30,000) ÷ ($40)

= 6,750 dinner cruise tickets

4 0
3 years ago
MC Qu. 116 CWN Company uses a job order costing... CWN Company uses a job order costing system and last period incurred $90,000
ANTONII [103]

Answer:

65%

Explanation:

Calculation to determine its predetermined overhead rate for the next period should be:

Using this formula

OH rate = Estimated overhead next period/direct labor

Let plug in the formula

OH rate = $65,000/$100,000

OH rate = 65%

Therefore If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be: 65%

4 0
3 years ago
Broker rob believes he is being approached by a fair housing tester. what should rob do?
jeka57 [31]

Broker Rob appears to believe he is being contacted by a housing discrimination tester.

Rob will treat them all equally and will not contravene any fair housing laws. Direct the party to the best-fitting neighborhood for him or her.

<h3>What questions about the neighborhood does John ask the real estate agent?</h3>

Asian man John meets with a real estate agent to talk about buying a home for his family. The broker asks John whether he is certain that his family will feel at home in the neighborhood once John identifies it.

<h3>What is the LGBTQ housing fair housing laws?</h3>

Housing discrimination on the basis of race, color, national origin, religion, sex, familial status, and disability is illegal under the Fair Housing Act. LGBTQ person who has suffered (or is about to experience) discrimination on the basis of one of these grounds may submit a complaint with HUD.

<h3>What ought to be on display in each broker's office, Randy?</h3>

Broker Randy operates three branch offices in addition to his main brokerage site. A poster for equal housing opportunity A color picture of Randy and a license copy an indication that any commercials released by Randy's agent are not his responsibility.

Learn more about LGBTQ:

brainly.com/question/14561298

#SPJ4

4 0
2 years ago
The reason that the producers of wood pulp have often forward integrated into the production of paper is:
Kisachek [45]
<span>Producers of wood pulp often forward integrate into the production of paper in order to exploit technical economies. By also owning paper making plants they can avoid costs of removing waste, and better use it in order to make even more profits.</span>
6 0
3 years ago
Stock R has a beta of 1.8, Stock S has a beta of 0.75, the expected rate of return on an average stock is 9%, and the risk-free
PIT_PIT [208]

Answer:

Stock R more beta than Stock S = 4.2%

Explanation:

given data

Stock R beta = 1.8

Stock S beta = 0.75

expected rate of return = 9% = 0.09

risk-free rate = 5% = 0.05

solution

we get here Required Return

Required Return (Re) = risk-free rate + ( expected rate of return - risk-free rate ) beta  ...........1

Required Return (Re) = 0.05 + ( 0.09 - 0.05 ) B

Required Return (Re) =

so here

Stock R = 0.05 + ( 0.09 - 0.05 ) 1.8

Stock R = 0.122  = 12.2 %

and

Stock S = 0.05 + ( 0.09 - 0.05 ) 0.75

Stock S =  0.08 = 8%

so here more risky stock is R and here less risky stock is S

Stock R is more beta than the Stock S.

Stock R more beta Stock S =  12.2 % - 8%

Stock R more beta Stock S = 4.2%

4 0
3 years ago
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