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Julli [10]
3 years ago
8

Which of the following is a characteristic of monopolistic competition? rev: 05_15_2018 Multiple Choice relatively easy entry a

relatively small number of firms standardized product absence of nonprice competition
Business
1 answer:
CaHeK987 [17]3 years ago
6 0

Answer:

The correct answer is relatively easy entry.

Explanation:

Monopolistic competition is a market structure in which there are a large number of firms, the entry into the market is relatively easier than monopoly. These firms produce differentiated products which are close substitutes.  

The firm is a price maker and faces a downward-sloping demand curve. Unlike oligopoly decision of a firm does not affect its competitors. Though these firms do not show productive or allocative efficiency. They have excess capacity in the long run.

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"A company currently using an inspection process in its material receiving department is trying to install an overall cost reduc
Bogdan [553]

Answer:

$23.32

Explanation:

We have the given information as below:

Defective content average = 0.04

Number of units inspected per hour = 53

Hourly rate = $10

Cost involved in final product testing = $11

Now to determine if the inspector position is eliminated, we will need to calculate the number of defective products:

defective products = Defective content average × Number of units inspected per hour

defective products = 0.04 × 53 = 2.12

the hourly cost of defects = defective products × Cost involved in final product testing

The hourly cost of defects = 2.12 × $11 = $23.32

4 0
3 years ago
Explain how a stream sorts rocks?
topjm [15]

Answer:

Rocks are classified according to their mode of

formation or origin in three groups: Igneous,

Sedimentary and Metamorphic; and each group

contains in turn a wide variety of types of rock

which differ from each other by their composition and texture.

6 0
2 years ago
Why does enterprise resource planning (ERP) systems software include all of the software used to manage different departments wi
fredd [130]

The systems software of an enterprise resource planning effectively manages different departments within a corporation as its connects different technologies used by each part of a business

<h3>What is an enterprise resource planning?</h3>

In a firm, an enterprise resource planning is a software packages used to manage the  day-to-day business activities.

The enterprise resource planning are very effective because they can can eliminate costly duplicate and incompatible technology.

In conclusion, the software includes all the following software because its connects different technologies used by each part of a business.

Read more about enterprise resource planning

<em>brainly.com/question/16341677</em>

3 0
2 years ago
1. A freelancer's pay may vary from year to year.
xenn [34]
1 a because she is payed weekily
8 0
2 years ago
Chemtec is undertaking a project that will require an upfront investment today in net working capital, and plant and equipment (
almond37 [142]

Answer:

-$300 million

Explanation:

Change in net working capital (CNWC) = $100 million

Capital Expenditures (CE) = $200 million

Assuming no depreciation expenses, the free cash flow (FCF) is given by:

FCF = EBIT*(1-tax) - CNEC - CE

Since no revenues are expected until the next year, EBIT = 0.

FCF = - \$100 -\$200\\FCF = - \$300\ million

The project's free cash flow today is -$300 million.

3 0
2 years ago
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