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Yuliya22 [10]
3 years ago
11

What is one difference between a firm in a perfectly competitive industry and a firm in a monopolistically competitive industry?

Business
1 answer:
____ [38]3 years ago
5 0

Answer:

Letter b is correct.<em> A monopolistically competitive firm faces competition from firms producing close substitutes.</em>

Explanation:

<u>Monopolistic competition</u> is an economic situation that occurs when companies exhibit imperfect competition, that is, companies market similar but not identical products, which characterize them as substitute but not perfect substitute products.

Products may have different variables, such as quality, price and reputation in the market. The greater the degree of product differentiation, the more price control the company will have.

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A company had the following purchases and sales during its first year of operations: Purchases Sales January: 28 units at $210 1
DedPeter [7]

Answer:

$12,245

Explanation:

January:

Total value = Units left in inventory × cost per unit

                   = (28 - 19) × $210

                   = $1,890

February:

Total value = Units left in inventory × cost per unit

                   = (38 - 18) × $215

                   = $4,300

May:

Total value = Units left in inventory × cost per unit

                   = (33 - 22) × $220

                   = $2,420

September:

Total value = Units left in inventory × cost per unit

                   = (30 - 21) × $225

                   = $2,025

November:

Total value = Units left in inventory × cost per unit

                   = (35 - 28) × $230

                   = $1,610

Cost of the ending inventory:

= $1,890 + $4,300 + $2,420 + $2,025 +  $1,610

= $12,245

4 0
3 years ago
An employee who has integrity is
Mashcka [7]

Integrity is the act of behaving honorably, even when no one is watching. ... Employers who are committed to hiring employees with integrity are better equipped to provide high-quality service and maintain a positive reputation. When employees have integrity, their managers can trust their team is working diligently.

4 0
3 years ago
The effect of the time of day a math class is taught on test scores is being examined. Which of these is most likely to be an ex
ryzh [129]

Answer:

Effectiveness of the teacher

Explanation:

5 0
3 years ago
Read 2 more answers
A cement manufacturer has supplied the following data: Tons of cement produced and sold 225,000 Sales revenue $1,035,000 Variabl
sergij07 [2.7K]

Answer: $2.6 per unit.

Explanation:

Given that,

Tons of cement produced and sold = 225,000

Sales revenue = $1,035,000

Variable manufacturing expense = $421,000

Fixed manufacturing expense = $280,000

Variable selling and administrative expense = $29,000

Fixed selling and administrative expense = $220,000

Net operating income = $85,000

Sales price per unit:

= \frac{Sales\ revenue}{total\ cement\ produced\ and\ sold}

= \frac{1,035,000}{225,000}

= $4.6 per unit

Variable cost per unit:

= \frac{Variable\ manufacturing\ expense\ + Variable\ selling\ and\ administrative\ expense}{total\ cement\ produced\ and\ sold}

= \frac{421,000 + 29,000}{225,000}

= $2 per unit

Contribution margin = Sales price per unit - Variable cost per unit

                                  = $4.6 - $2

                                  = $2.6 per unit

4 0
3 years ago
When you use the AIDA persuasive approach, your first task is to gain the reader's attention (A).
Elanso [62]

Answer:

The correct answer is letter "A": Describe the benefits a product or service offers and make rational or emotional appeals.

Explanation:

The AIDA Model describes the process buyers go through at the moment of purchasing. It has four (4) steps: <em>Awareness, Interest, Desire, </em>and<em> Action</em>. In the Interest stage, companies attract consumers so they start looking for information about their products. <em>The benefits of the good are portrayed relating them to the target audience's emotional appeals. In some other cases, firms display their products as the most rational to choose from compared to competitors.</em>

7 0
3 years ago
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