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Ainat [17]
3 years ago
8

A monopolistically competitive firm

Business
1 answer:
Elanso [62]3 years ago
4 0

Answer:

a. tries to differentiate its product from competitors' products.

Explanation:

A monopolistic competition is when there are many buyers and sellers of heterogeneous goods and services .

An example of a monopolistic competition is a restaurant.

The demand curve for a monopolistic competition is downward sloping which indicates that the demand is elastic.

If in the short run ,a monopolistic competition earns economic profit, in the long run, new firms would enter in the industry wiping out the economic profit. Therefore, in the long run, a monopolistic competition doesn't operate like a monopoly. A monopoly earns economic profit both in the short and long run.

I hope my answer helps you

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Answer:

Shortage

Explanation:

I got it correct because I watched the given recording.

8 0
2 years ago
Betsy Strand’s regular hourly wage rate is $24, and she receives an hourly rate of $36 for work in excess of 40 hours. During a
melamori03 [73]
<h3>Betsy’s gross earnings for January period is $1,140 </h3><h3>Betsy’s net pay for January period is $966.79 </h3>

Explanation:

  • Betsy Strand’s regular hourly wage rate = $24
  • Betsy Strand’s hourly rate for work in excess of 40 hours = $36
  • Betsy works during a January pay period = 45 hours.
  • Betsy's pay for January period = $24 * 40 + $36 * 5
  • Betsy's pay for January period = $1,140

Betsy’s gross earnings for January period is $1,140

  • Betsy’s federal income tax withholding = $86
  • FICA tax rate  = 7.65%.
  • Betsy’s FICA Taxes Payable = $1,140  * (7.65 / 100)
  • Betsy’s FICA Taxes Payable = $87.21
  • Betsy’s net pay for January period = Gross earnings - Federal income tax withholding - FICA Taxes
  • Betsy’s net pay for January period = $1,140 - $86 - $87.21
  • Betsy’s net pay for January period = $966.79

Betsy’s net pay for January period is $966.79

6 0
3 years ago
Distinguish between the costs of having a basic checking account and an interest-bearing checking account
boyakko [2]

Answer:

Checking account is what you can use, and ibca is account that has interest rate.

Explanation:

3 0
3 years ago
The system that compares actual results to a budget so that significant deviations can be flagged and investigated further is ca
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The system that compares actual results to a budget so that significant

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Management by exception is the type that helps the managers to focus on

the most important variances while ignoring unimportant changes between

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This is commonly used in budgets preparation to ensure that the important

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Read more on brainly.com/question/25408603

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3 years ago
How companies can link their compensation and evaluations to organizational objectives?
kicyunya [14]

Answer:

For a company’s compensation strategy to be effective, it must be linked to the overall business strategy. Because compensation accounts for 30-60% of business costs, it is essential for organizations to identify the drivers behind pay. For this reason, the foundational step of creating any solid compensation strategy is linking it to the business strategy.

Explanation:

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