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agasfer [191]
3 years ago
9

If firms in a competitive industry begin to earn profit in the short run, new firms will enter. This will shift the industry a.

demand curve to the right, meaning market price will rise. b. demand curve to the left, meaning market price will fall. c. supply curve to the right, meaning market price will fall. d. supply curve to the left, meaning market price will rise.
Business
1 answer:
xxTIMURxx [149]3 years ago
3 0

Answer:

c. supply curve to the right, meaning market price will fall.

Explanation:

If firms in a competitive market start to make a large profit, more firms will enter that market because they will also want a share of it. As more firms enter the market, total quantity supplied will increase, shifting the supply curve to the right and lowering the equilibrium price.

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Possession utility is most closely related to which part of the marketing mix plz help​
defon

Answer:

price

Explanation:

Possession utility is the value customers have while buying a product and they have the choice to use the product for the purpose it was made for or finding a new way to use the product.

Buying and selling of anything involves transfer of ownership from one to another. So to be successful in this throat cutting competition one should strategize to make this transfer of possession easy. So possession utility is what lets customer physically asses what they bought.

6 0
3 years ago
On April 1, 2016, the premium on a one-year insurance policy was purchased for $3,000 cash with the insurance coverage beginning
Gekata [30.6K]

Answer:

C. Insurance expense will increase $2,250

Explanation:

On April 1 2016, the following journal entry will be recorded in respect of the premium paid on a one year insurance policy:

                                                         Debit                       Credit

Prepaid Insurance                          $3,000

Cash                                                                                  $3,000                                                                                                      

The year end given in this question is December 31, 2016 and the insurance premium is for one year and since the insurance premium is paid on April 1, 2016, therefore, only expense in respect of 9 months i.e. from April 1, 2016 to the December 31, 2016 will be recognised in this year. Remaining expense of three months will be recognised in the Year ended December 31,2017.

The following Journal entry will be recorded in respect of insurance expense in accounts on December 31, 2016.

                                                                   Debit             Credit

Insurance expense(3,000*9/12)               2,250

Prepaid Insurance                                                            2,250                    

So the answer will be C. Insurance expense will increase $2,250

5 0
3 years ago
When planning for college you should consider everfi answers?
alekssr [168]

<u>A student should visit college, consult with the college adviser and join the school clubs before joining a college.</u>

Further Explanation:

Planning for college:

Following steps should be considered while planning for college:

Visiting college during the junior year: When planning for college admission, the student should visit the college in the junior year to know the culture of the college, environment, and activities carried out in the college. It would help the student to take the admission decision.

Speaking with the school’s college adviser: The student should consult with his/her teachers about the college selection. Teachers or college advisers have knowledge and experience about the colleges. Therefore, they would provide expert advice to the student about the college selection.

Joining an after school club or sports team: The students should join the student clubs. They would meet other students there and could discuss the college selection. It would give them a brief idea about the college selection of other students.

<u>Thus, a student should visit college, consult with the college advisor, and join the school clubs before joining a college. </u>

Learn more:

1. Learn more about the pre-negotiation planning

brainly.com/question/10089477

2. Learn more about the type of behavior

brainly.com/question/1193707

3. Learn more about the resume writing

brainly.com/question/1100786

Answer details:

Grade: Senior School

Subject: Business Studies

Chapter: Decision making  

Keywords:  When, planning, for, college, you, should consider, everfi, answers, school, joining, admission, selection, decision making, process.

5 0
3 years ago
consumption vs. saving. Do you think these preferences are more influenced by advertisements for products that are consumable to
Sergio039 [100]

Answer:

Consumption is influenced by advertisements for products that are consumable today and savings from ads that advocate in investing tomorrow.

Explanation:

Both are important to run the circular flow of economy. If a person invests savings on a product, so there should be someone to consume it, this will help in achieving equilibrium point between aggregate demand and aggregate supply.

Increase in one shall result in decrease in other and in both cases either there will be more products to be consumed rather than the actual consumption resulting in surplus if there is excess saving or vice versa .

7 0
3 years ago
Do the following functions exhibit increasing, constant, or decreasing returns to scale? What happens to the marginal product of
Phantasy [73]

Answer:?????????????????????????????

8 0
3 years ago
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