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3 years ago

Which best states the main difference between a monopoly and pure competition?

Business

2 answers:

Dennis_Churaev [7]3 years ago

8 0

Answer:

Monopoly involves no competition at all while pure competition involves high competition

Explanation:

Brut [27]3 years ago

3 0

When you have a monopoly you have a product or service on the market with no competition. On the flip side, in a pure or perfect competition there are various competitors selling the same product or service as you. The main difference between these two are that a monopoly involves no competition at all while a pure competition involves a high level of competition. (the first choice)

The second choice is incorrect because it is harder to establish a product in a pure competition market because you are competing with other companies.

The third choice is incorrect because a monopoly refers to a company with a product or service and no competition whereas a pure competition refers to one with the same products or services.

The forth choice is incorrect because they can be present in various economy structures.

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Doing a budget makes ____________________________ less likely.

ehidna [41]

Answer:

The answer is put is bankruptcy if there aren't any choices

8 0

3 years ago

Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours

kkurt [141]

Answer: $9.21, 4000F, 18,420U

Explanation:

GIVEN THE FOLLOWING ;

Total budgeted fixed overhead cost for the year = $525,100

Actual fixed overhead cost for the year = $521,100

Budgeted direct labor-hours (denominator level of activity) = 59,000

Actual direct Labor hours = 60,000 Standard direct labor-hours allowed for the actual output = 57,000

A.) Fixed portion of predetermined overhead rate = (total budgeted fixed overhead ÷ denominator level of activity)

$525,100 ÷ 57,000 = $9.21 per direct Labor hour

Budget variance = Actual fixed overhead - budgeted fixed overhead

$521,100 - $525,100 = $4000F

Volume variance = fixed portion of predetermined overhead × (denominator hours - standard hours allowed)

$9.21 × (59,000 - 57,000)

$9.21 × (2000)

18,420U

8 0

3 years ago

Suppose the American Medical Association announces that men who shave their heads are less likely to die of heart failure. We co

insens350 [35]

Answer:

b) razors to increase.

Explanation:

The announcement by the American Medical Association will cause an increase in demand for razors since the perception will be men that shave their hair are less likely to die of heart attack.

There will be a shift in demand to the right, resulting in increase in demand at all prices.

A shift in demand occurs when other factors except for price causes a change in demand of a good.

The shift in demand is illustrated in the attached diagram.

6 0

3 years ago

El Tapitio purchased restaurant furniture on September 1, 2021, for $35,000. Residual value at the end of an estimated 10-year s

Romashka-Z-Leto [24]

Answer and Explanation:

The computation of the depreciation expense using straight line method is shown below:

Formula to be used:

= (Purchase cost - salvage value) ÷ (estimated service life)

For 2021

= ($35,000 - $5,000) ÷ (10 years)

= $3,000

For 4 months, it would be

= $3,000 × 4 months ÷ 12 months

= $1,000

And, for the year 2021, it would be the same i.e. $3,000

3 0

3 years ago

(CO 9) The Wiscow Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,74

ioda

Answer:

2.86 Q + 2,170 = overhead cost

Explanation:

$\left[\begin{array}{ccc}High&4,200&14,182\\Low&2,300&8,748\\Diference&1,900&5,434\\\end{array}\right]$

We subtract one activity level from another, the result is telling us that 1,900 units generate 5,434 additional cost

That is variable cost we divide and get the unit variable cost

cost 5434 / Unis 1900 = variable cost 2.86

Next we calcualte the fixed cost on any of both

Total Cost 14182

Variable -12012 (4,200 x 2.86)

Fixed Cost 2170

Total Cost 8748

Variable 6578 ( 2,300 x 2.86)

Fixed Cost 2170

the cost equation would be:

2.86 Q + 2,170 = overhead cost

5 0

3 years ago