A product is __________ that can be offered through a voluntary marketing exchange.

If employees are told that budgets must be cut by 10 percent, they may automatically assume that 10 percent of employees will lo

Mandarinka [93]

Answer: This tendency to make assumptions is referred to as CLOSURE.

Explanation: CLOSURE is defined as the experience of an emotional conclusion usually to a difficult period. This is usually done bearing in mind that the experience is open to more than one meaning, interpretation or explanation. In this case, the information given to the employees is a polysemy/ambiguous making their assumptions referred to as closure.

7 0

3 years ago

If monopolistic competitors must expect a process of entry and exit like perfectly competitive firms,.

nikitadnepr [17]

If monopolistic competitors must expect a process of entry and exit like perfectly competitive firms, they will be unable to earn higher-than-normal profits in the long run.

<h3>What is a monopolistic competition?</h3>

A monopolistic competition is an industry characterised by many sellers of differentiated goods and services. A monopolistic competition has characteristics of both a monopoly and a perfect competition. A monopolistic competition sets the price for its goods and services. A monopolistic competition makes economic profit in the long run. An example of monopolistic competition are restaurants

A perfect competition is an industry characterized by many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. In the long run, firms earn zero economic profit due to no barriers to the entry and exit of firms.

Here are the options:

A. they will be unable to earn higher-than-normal profits in the short run. O B. they will wish to cooperate to make decisions about what price to charge.

OC. they will wish to cooperate to make decisions about what quantity to produce.

O D. they will be unable to earn higher-than-normal profits in the long run.

To learn more about monopolistic competition, please check: brainly.com/question/21052250

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6 0

1 year ago

Categorize each statements as a component of Gross Domestic Product (GDP): consumption, investment, government, or net exports.

marishachu [46]

Answer:

The Gross Domestic Product (GDP) is a measure of the value of all final Goods and Services in an Economy in a given period usually a year.

It can be calculated using the Expenditure method which is;

= Consumption + Investment + Government Spending + Net Exports

Consumption

Here, the final goods and services that all households in the Economy purchased and used for the year are included. It is usually the largest component of GDP.

The following will fall here.

- Ice cream

- A domestically manufactured personal computer

- Cab fare for personal use

- A ticket to a local sporting event

- 55 cent tacos

Investment

The Goods that will fall under here include Capital goods purchased or made in an Economy for the purpose of increasing production capacity.

Of the goods listed only one will fall here being;

- A Domestically Manufactured Personal Computer.

Government Spending

This includes all Public Spending in the Economy on goods and services for things such as Health and Defense but excluding transfer payments such as Social Security.

- Public School Teacher's Salary will fall under here.

Net Exports

These are the Exported goods from the country less the goods that it imported. From the above only one item falls under this category;

- Exported Doll House

6 0

3 years ago

On January 1, 2018, Allgood Company purchased equipment and signed a six-year mortgagenote for $186,000 at 15%. The note will be

Ne4ueva [31]

Answer:

The correct answer is A: interest= $21048

Explanation:

An amortization schedule is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term. While each periodic payment is the same amount early in the schedule, the majority of each payment is interest; later in the schedule, the majority of each payment covers the loan's principal.

Each payment is the same ($49,148), but the proportions of interest and capital pay changes. The interest proportion decreases from pay to pay.

Loan= 186000

i= 15%

n= 6 years

First pay:

i=186000*0,15=27900

amortization= 49148-27900=21248

Second pay:

i=(186000-21248)*0,15=24712

amort=49148-24712=24436

Third pay:

i=(164752-24436)*0,15=21048

amort=49148-21048=28100

While payments progress, interest decreases and amortization increases.

5 0

2 years ago

A production function: shows the output that is most highly valued by consumers. shows the most desired production method for a

BigorU [14]

Answer:

Shows the output that is produced using different combinations of inputs combined with existing technology

Explanation:

The production function is an expression that links the different amount of inptuts used in the production process and the final output obtained with each combination of inputs, with a given tehcnology.

As an example, if a economy produces only popcorn, a production function would be an expression that shows hou much popcorn that economy can produce with different combinations of corn and sugar, with a given technology.

4 0

3 years ago