Answer:
hi your question lacks the required options here is the complete question and options
You are a manager for a monopolistically competitive firm. From experience, the profit-maximizing level of output of your firm is 100 units. However, it is expected that prices of other close substitutes will fall in the near future. How should you adjust your level of production in response to this change
a. Produce less than 100 units
b. Insufficient information to decide
c. Produce 100 units
d. Produce more than 100 units
Answer : Produce less than 100 units
Explanation:
A monopolistic firm is a firm that has the sole responsibility or sole ownership of the right of production of certain goods and services. and such products are profit maximizing products because the demand for the products determines the price in the market and also the products are produced at marginal cost equaling its marginal revenue.
From experience when the prices of the close substitutes of the product fall the demand for the product will decrease hence its market price will fall therefore it is wise to produce less than the usual 100 units to still maximize profit.
Answer:
$65
Explanation:
The inverse demand function is as follows:
P = 120 - Q
TR = 120Q - Q²
MR = 120 - 2Q
The marginal cost is constant at $10.
The profit maximizing point is where MR = MC
MR = MC
102 - 2Q = 10
Q = 55
P = 120 - Q = $65
check additional details in the attached files
Answer:
Trade credit
Explanation:
The answer to this question is trade credit. Trade credit can be defined as a loan that is given by one trader to another trader when they buy goods and services without immediate payment. That is when these are bought on credit. Through trade credit, there is the facilitation in the purchase of supplies without paying for the suppliers immediately. It is mostly used as a way of short-term financing.
Answer:
D. Strategic focus
Explanation:
Strategic focus or focus strategy is is when a company concentrates its resources in a narrowly defined part of the market (market segment). It allows businesses compete on basis of low cost, differentiation and rapid response against much larger businesses which also in turn has larger resources.
It's usually employed where the company or the firm knows the segment of the market and has products to competitively satisfy it's needs focusing on that narrow aspect of the market to build a strong competitive advantage.
Answer:
You would have made 58.00 payments
Explanation:
From the given information:
The future value of the annuity = ![Pmt \times [\dfrac{(1+rate)^t-1}{rate}]](https://tex.z-dn.net/?f=Pmt%20%5Ctimes%20%5B%5Cdfrac%7B%281%2Brate%29%5Et-1%7D%7Brate%7D%5D)
![24354 = 320 \times [\dfrac{(1+\dfrac{0.11}{12})^t -1 }{\dfrac{0.11}{12}}]](https://tex.z-dn.net/?f=24354%20%3D%20320%20%5Ctimes%20%5B%5Cdfrac%7B%281%2B%5Cdfrac%7B0.11%7D%7B12%7D%29%5Et%20-1%20%7D%7B%5Cdfrac%7B0.11%7D%7B12%7D%7D%5D)
![76.11 = [\dfrac{(1+\dfrac{0.11}{12})^t -1 }{\dfrac{0.11}{12}}]](https://tex.z-dn.net/?f=76.11%20%3D%20%20%20%5B%5Cdfrac%7B%281%2B%5Cdfrac%7B0.11%7D%7B12%7D%29%5Et%20-1%20%7D%7B%5Cdfrac%7B0.11%7D%7B12%7D%7D%5D)
![76.11 \times {\dfrac{0.11}{12} = [{(1+\dfrac{0.11}{12})^t -1}]](https://tex.z-dn.net/?f=76.11%20%20%5Ctimes%20%20%7B%5Cdfrac%7B0.11%7D%7B12%7D%20%3D%20%20%20%5B%7B%281%2B%5Cdfrac%7B0.11%7D%7B12%7D%29%5Et%20-1%7D%5D)
![(1+ (76.11 \times {\dfrac{0.11}{12})) = [{(1+\dfrac{0.11}{12})^t }]](https://tex.z-dn.net/?f=%281%2B%20%2876.11%20%20%5Ctimes%20%20%7B%5Cdfrac%7B0.11%7D%7B12%7D%29%29%20%3D%20%20%20%5B%7B%281%2B%5Cdfrac%7B0.11%7D%7B12%7D%29%5Et%20%7D%5D)
![In (1+ (76.11 \times {\dfrac{0.11}{12})) = t \ In [{(1+\dfrac{0.11}{12})}]](https://tex.z-dn.net/?f=In%20%281%2B%20%2876.11%20%20%5Ctimes%20%20%7B%5Cdfrac%7B0.11%7D%7B12%7D%29%29%20%3D%20%20t%20%5C%20In%20%20%5B%7B%281%2B%5Cdfrac%7B0.11%7D%7B12%7D%29%7D%5D)
![\mathtt{t = \dfrac{In (1+ (76.11 \times {\dfrac{0.11}{12})}} { In [(1+ \dfrac{0.11}{12}]}}}](https://tex.z-dn.net/?f=%5Cmathtt%7Bt%20%3D%20%5Cdfrac%7BIn%20%281%2B%20%2876.11%20%20%5Ctimes%20%20%7B%5Cdfrac%7B0.11%7D%7B12%7D%29%7D%7D%20%7B%20In%20%5B%281%2B%20%5Cdfrac%7B0.11%7D%7B12%7D%5D%7D%7D%7D)
t = 58.00
