Answer:
Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that P = ATC, P>ATC, MR =MC, or MR>MC at the optimal quantity. Furthermore, the quantity the firm produces in long-run equilibrium is the efficient scale. True False
This indicates that there is a markup on marginal cost in the market for shirts. True False
Explanation:
In the long run, monopolistically-competitive entities produce at a level where marginal cost and marginal revenue are equal. This makes it impossible for individual companies to sell their products at prices above the average cost. This situation means that monopolistically-competitive companies will always earn zero economic profit in the long run.
The Allowance for Doubtful Accounts T-account will have the <u>estimated bad debts from the adjusting entry</u> sales discounts .
Doubtful account
An allowance for doubtful accounts is considered a “contra asset,” because it reduces the amount of an asset, in this case the accounts receivable. The allowance, sometimes called a bad debt reserve, represents management's estimate of the amount of accounts receivable that will not be paid by customers.
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Answer:
b. rightward shift of aggregate demand and a leftward shift of aggregate supply.
Explanation:
The U.S. experience of strong economic growth, full employment, and price stability in the late 1990s and early 2000s can be explained by a rightward shift of aggregate demand and a leftward shift of aggregate supply.
The rightward shift of aggregate demand is as a result of strong economic growth and price stability.
Answer:
Guidelines to consider include:
1. Planning
2. Deciding which social media platform is best for your business.
3. Knowing your audience
4. Expanding audience
5. Building relationships
6. Focusing on quality over quantity
7. Using the right tools
Explanation:
Social media is one of the ways to connect with a large number of individuals to boost business and sales.
Firstly, Planning is very vital in whatever we are doing. Without a plan, the organization has no clear goal of what they are trying to archive. The organisation should create a social media plan upfront.
Secondly, The local business should decide which social media platform is best for them.
Furthermore, the business should know and understand who their audience is by compiling data on current customers and social media analytics.
Afterwards, The organization should expand their audience since they have gotten a clear picture of who their audience is.
It is also very important for the business to focus on quality instead of quantity when creating content so as to offer value.
Finally, the organization should take advantage of tools to simplify work and boost productivity.
Answer: Option A
Explanation: A broker refers to a person or a firm who charges fees from the investors for executing their purchase and sale transactions. The broker sometimes also charge their customers for their consultancy services.
Whereas insurance agents refers to the person who sell the insurance policies to the general public and in return gets commission from the insurance company on the premiums paid by the insured.
Hence from the above we can conclude that the correct option is A.
