Sam wants to grow in his current role, and he decides to take a three-month skill enhancement course. Sam is demonstrating .

In the long run equilibrium, a monopolistic competitor will produce to the point at which A) actual average total costs are at t

Artemon [7]

Monopolistic competition is the economic market model with many sellers selling similar, but not identical, products. The demand curve of monopolistic competition is elastic because although the firms are selling differentiated products, many are still close substitutes, so if one firm raises its price too high, many of its customers will switch to products made by other firms. This elasticity of demand makes it similar to pure competition where elasticity is perfect. Demand is not perfectly elastic because a monopolistic competitor has fewer rivals then would be the case for perfect competition, and because the products are differentiated to some degree, so they are not perfect substitutes.

Monopolistic competition has a downward sloping demand curve. Thus, just as for a pure monopoly, its marginal revenue will always be less than the market price, because it can only increase demand by lowering prices, but by doing so, it must lower the prices of all units of its product. Hence, monopolistically competitive firms maximize profits or minimize losses by producing that quantity where marginal revenue equals marginal cost, both over the short run and the long run.

3 0

3 years ago

What should you do if your manager has to leave the office to attend to personal business? A. Let the call go directly to voicem

IRINA_888 [86]

Best answer is that I can think of is probably C

4 0

3 years ago

Read 2 more answers

On January 1, year 4, Purl Corp. purchased, as a long-term investment, $500,000 face value Shaw, Inc. 8% bonds for $456,200. The

Alla [95]

Answer:

$468,000

Explanation:

Since the bonds will be held to maturity and purchased at a discount, their value will increase as maturity approaches. On December 31, year 5, the bonds should be reported at $468,002 ≈ $468,000

investment balance = $456,200 + $5,620 (difference between interest receivable and interest revenue 2004) +$6,182 (difference between interest receivable and interest revenue 2005) = $468,002

interest receivable 2004 = $500,000 x 8% = $40,000

interest revenue 2004 = $456,200 x 10% = $45,620

difference 2004 = $45,620 - $40,000 = $5,620

interest receivable 2005 = $500,000 x 8% = $40,000

interest revenue 2005 = ($456,200 + $5,620) x 10% = $46,182

difference 2005 = $46,182 - $40,000 = $6,182

6 0

3 years ago

Advice you can give someone who wants to decrease how much they are influenced by social media?

diamong [38]

Answer:

Limit your use!

Explanation:

The best way to reduce anything in life is to limit exposure to the thing. Social media is no different. Many apps are specifically designed to hook your brain on them by utilizing positive reinforcement, most obviously in the form of recieving validation, "likes" or "kudos". If you can sort of wean your brain off of the dopamine rush you recieve any time you receive that validation, it will be much easier to put the phone down and reduce your screen time overall.

4 0

2 years ago

If you set a price of $17 per book for the trades among your friends:

kaheart [24]

If you had set the price of $17 per book among your friends in a trade, the likely result would be that there will be a presence of surplus books in which if the required is met, left overs will likely be produced because of supply over the demand.

6 0

3 years ago