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Nostrana [21]
3 years ago
14

A monopolistically competitive firm is currently earning a positive economic profit. If other firms enter the market, we would e

xpect that the added competition will cause this firm to adjust its output such that it(A) will no longer be at its efficient scale.(B) might move either closer to or further from its efficient scale.(C) will operate further from its efficient scale.(D) will operate closer to its efficient scale.
Business
1 answer:
inna [77]3 years ago
8 0

Answer: (C) will operate further from its efficient scale.

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The current highest interest rate on a savings account is 1.85%. the current rate of inflation is 1.9%. what is the real dollar
adoni [48]

Answer: 0.51

Explanation:

Nominal rate = 1.85%

Inflation rate = 1.90%

Real rate of return = (1 + nominal rate / 1 +inflation rate) - 1

Real rate of return = ((1 + 0.0185) / (1 + 0.019)) - 1

= (1.0185 / 1.019) - 1

= 0.9995 - 1 = - 0.0005

Therefore, the real dollar return I. $1,020 equals

0.0005 × 1020 = 0.51

3 0
3 years ago
We made a distinction between pro-business policies and pro-market policies. Which of the following is a way to put that distinc
Step2247 [10]

Answer:

<u><em>The correct answer is: </em></u> Pro-market policies mean businesses can earn profit and loss; pro-business policies means businesses only make profit.

Explanation:

Pro-market policies are those that establish norms that help the free market to operate in balance, without any kind of benefit in favor of a specific company, in this way it benefits both companies and consumers, therefore it sets up in a normal market situation where companies cannot make profits and losses.

In a pro-business policies, the government offers advantages to specific companies to increase profitability, such as tax incentives, privileges, etc.

6 0
3 years ago
Assume the Fed creates excess reserves in the banking system by buying government bonds, but banks do not make more loans becaus
seropon [69]

Answer: Cyclical asymmetry

Explanation:

In economics, Cyclical asymmetry is defined as

A value that represents a large imbalance in economic factors due to genuine cyclical reactions by a country or market.

It includes employment rates,  interest rates, debt retention, bond strengths, or stock market imbalances.

If we assume the Fed creates excess reserves in the banking system by buying government bonds, but banks do not make more loans because economic conditions are bad.

Since this happens due to the cyclical reaction of the government.

This means that,

This situation is a problem of <u>cyclical asymmetry</u>.

8 0
3 years ago
Zhang Industries budgets production of 400 units in June and 410 units in July. Each finished unit requires 5 pounds of raw mate
Vika [28.1K]

Answer:

The correct answer is $12,060.

Explanation:

According to the scenario, the given data are as follows:

Production in June = 400 units

Production in July = 410 units

Each unit required = 5 pounds

Cost per pound = $6

So, June required raw material = 400 units × 5 pounds = 2000 pounds

For July required raw material = 410 units × 5 pounds × 20% = 410 pounds

So, required total raw material for June = 2000 pounds + 410 pounds - 400 pounds ( already in inventory)

= 2010 pounds

So, the total cost required for raw material in June = 2010 pounds × $6

= $12,060

Hence, the budgeted cost of purchases for raw material K for June is $12,060.

7 0
3 years ago
Floyd owns a chain of diners. He prefers to recruit employees from different ethnic and cultural backgrounds. When he hires new
zlopas [31]

Answer:

B) awareness training

Explanation:

In this scenario, based on all that Floyd is doing seems as though he is using awareness training on his employees. This is a training technique used to train employees on cultural and ethnic diversity as well as what is appropriate and inappropriate when dealing with different cultures. Like mentioned in the question this also encourages employees to think outside the box and question stereotypes.

8 0
3 years ago
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