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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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Bridgeport Company had the following stockholders’ equity as of January 1, 2017.Common stock, $5 par value, 18,400 shares issued
harkovskaia [24]

Answer:

b

Explanation:

4 0
4 years ago
On July 1 of last year, total employees at company E was decreased by 10 percent. Without any change in the salaries of the rema
babymother [125]

Answer:

The total of the combined salaries of all the employees at Company E after July 1 last year was 110% of that before July 1 last year.

Explanation:

If we use numbers, as example, we can get that:

Before July 1st Company E' s employes had in average salary of $100.000 (example).  

If, after the decreased of employees, average salary was 10% percent more, that means that:

  • $100.000 x 10%= <u>$10.000 </u>

So, total of combined salaries after decreased was

  • $100.000+$10.000= $110.000

$110.000 is the 110% of the average salary before decreased because:

  • <u>$110.000/100.000 = 110%</u>
5 0
3 years ago
_____________ measures how changes in price affect the quantity of product demanded.
Margaret [11]

Price elasticity of demand measures how changes in price affect the quantity of product demanded. A good or service's price elasticity of demand is calculated by dividing percentage change in the amount sought by percentage change in the price.

The ratio of the percentage change in quantity supplied to the percentage change in price is  price elasticity of supply. A good or service's price elasticity of demand is calculated by dividing percentage change in  amount sought by the percentage change in price.

The ratio of percentage change in quantity supplied to percentage change in price is  price elasticity of supply.

To learn more about price elasticity, click here

brainly.com/question/13691796

#SPJ4

5 0
2 years ago
Paulis Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-d
emmainna [20.7K]

Answer:

$14,400

Explanation:

The computation of the net operating income in the planning budget is shown below:

= Total revenue - total fixed cost - total variable cost

= (4,800 × $31.30)  - $21,600 - (4,800 × $23.80)

= $150,240 - $21,600 - $114,240

= $14,400

3 0
2 years ago
Assume a contract for the sale of goods specifies that payment is to be made four months after delivery of a product. The seller
tatuchka [14]

Answer:

correct option is D) Recognize interest revenue.

Explanation:

  • Interest income is the income that a company receives from any investment or on its own debt and every penny taken on a logistic investment or loan is believed to pay some interest. Items sent to the buyer usually become debt that needs to be added without wires.
  • so due to the position in the contract that the payment will be made four months later, the concept of time value of money is the basis of the interest income formula.
  • Time value of money is a basic economic concept that involves the present money rather than the future money. This is true because the money you have at the moment can be invested and earned so that you can make a large amount of money in the future.
  • If a party is asked to forfeit the time value of money in a business transaction, it must be compensated, hence the interest revenue.
4 0
3 years ago
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