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Karo-lina-s [1.5K]
3 years ago
11

The dry cleaning industry is in monopolistic competition. In the short​ run, the​ profit-maximizing price is​ $10 per item and t

he average total cost is​ $6 per item. In the long​ run, the​ profit-maximizing price is​ $8 per item. In the long​ run, what is the economic profit of a firm in the dry cleaning​ industry?
Business
1 answer:
vitfil [10]3 years ago
4 0

Answer:

$ 0

Explanation:

Under monopolistic competition, firms reach equilibrium in the long-run: this equilibrium is a point in which the marginal cost of producing one additional unit of ouput are the same as the marginal revenue from the sale of the same additional unit of output.

In other words, in the long-run, firms under monopolistic competition can only break-even, they do no obtain economic profits.

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The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Orange Company as
Sidana [21]

Answer:

$67,600

Explanation:

income from operations = gross profit - operating expenses.

In this case, the income from operations = EBIT, it is not always that way because EBIT includes non-operating income, but in this case this doesn't exist.  

Sales Revenue 320,000

- Sales Discounts 9,400

<u>- Sales Returns & Allowances 43,000     </u>

Net sales = 267,600

<u>- Cost of Goods Sold 153,000                  </u>

gross profit = 114,600

- Advertising Expense 20,000

- Delivery Expense 7,600

- Insurance Expense 1,000

<u>- Rent Expense 18,400                              </u>

income from operations = 67,600

4 0
3 years ago
The process of dividing work activities into separate job tasks is known as ________.
Dmitrij [34]

The process of dividing work activities into separate job tasks is known as division of labor.

The separation of tasks inside any economic system or organization is known as the division of labor, allowing members to specialize  

People, groups, and nations are given or learn to acquire specialized talents, and they either join forces or trade to benefit from the additional powers of others.

Equipment, natural resources, talents, and training are all examples of specialized capabilities, and it's frequently crucial to have a combination of these assets working together.

For instance, a person can specialize by getting the right equipment and learning how to use it, just as a company might specialize by getting specialized machinery and employing or training expert personnel.

The basis for commerce and the origin of economic interdependence is the division of labor.

Learn more about specialize  here:

brainly.com/question/3722777

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5 0
2 years ago
A stock is expected to pay a dividend of $0.5 at the end of the year (D1=0.5), and it should continue to grow at a constant rate
vlada-n [284]

Answer:

The stock’s expected price 5 years from today is $14.03

Explanation:

Today's stock price: $0.5 / (12% - 7%) = $10

Because the stock should continue to grow at a constant rate of 7% a year, the stock’s expected price 5 years from today: $10 x (1 + 7%)^5 = $14.03

3 0
4 years ago
Read 2 more answers
A 7-year municipal bond yields 4.8%. Your marginal tax rate (including state and federal taxes) is 39.00%. What interest rate on
Vera_Pavlovna [14]

Answer:

The interest rate on corporate bond is 7.87 percent.

Explanation:

The yield on 7-year municipal bond = 4.8%

Given marginal tax rate = 39 percent  

Now calculate the interest rate on 7 year corporate bond that has equal risk.

Use the below formula. Here, yield from both type of bond is equated that is yield from corporate bond and yield from municipal bond because it is given that both gives same return after tax.

Interest rate on corporate bond × (1-tax rate) = Municipal bond yield

Interest rate on corporate bond × (1- 0.39) = 4.8\text{Interest rate on corporate bond} = \frac{4.8}{0.61} = 7.87 \  percent

8 0
4 years ago
beverly would like to take action to improve interprofessopmal communication among staff members. To be a successful agent of ch
zhannawk [14.2K]

The action that Beverly has to take first to be able to promote interprofessional communication would be Collection information about the situation.

<h3>What is interprofessional communication?</h3>

This is a term that has to do with the communication that takes place between the people that have similar occupation or profession.

It is when people in health are able to communicate within themselves, their patients and families in a more responsible way.

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3 0
2 years ago
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